Reply
Established Contributor
Brusilov
Posts: 601
Registered: ‎01-04-2009

Re: Penfed Platinum Rewards Card

Wow, did Penfed just remove this card from their site?  Whether you look under the credit card listings on the main site or logged in - I now only see the Signature card!  You think they're phasing this out to the 3%-2%-1% rewards only?

                    
    $17.3K          $500              $7K              $15K              $5K             $2300          $3200          $2000          $1500          $1000           $8100

Garden Since: 9.25.2013
Senior Contributor
longtimelurker
Posts: 5,379
Registered: ‎04-22-2013

Re: Penfed Platinum Rewards Card

Looks like it's gone for new applicants (which makes sense) although they still have the old cash one (5% off gas, 0.25% of the rest).  As I said earlier, we don't know what will happen to existing card holders.  Some have already been given the option to switch to the Signature version, and I was told we all would be given that option.  (Actually, it's an opt-out, unless you explicitly decline, you get converted).   What's not clear is what happens to those that opt out.  I just find it hard to believe that they would continue to get 5/3/1 for a long period.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Frequent Contributor
b_seeker
Posts: 390
Registered: ‎03-24-2013

Re: Penfed Platinum Rewards Card

That's really disappointing, especially for my planned spree in the fall. I thought the non-signature version looked better too. . .



|| Barclaycard Rewards Visa $5500 || AMEX BCE $2000 || Discover IT $3000 || Amazon Rewards Visa $1800 ||
|| Chase Freedom $2700 || CSP $5000 || Chase Marriott Premier $7500 || Sallie Mae MC $3800 ||

FICO Scores: EX 752 (3/13/13) || EQ 782 (10/4/13) || TU 724 (1/18/13)

In the garden as of 10/12/2013
Valued Contributor
dodgerslv
Posts: 1,693
Registered: ‎06-16-2012

Re: Penfed Platinum Rewards Card

[ Edited ]

Brusilov wrote:

Well, I don't know if I was feeling app-happy or what, but on a whim I checked the BofA site for pre-approved offers.  The Cash Rewards card came up as an offer, and I pulled the trigger!  Approved instantly for $5,000.  :smileyvery-happy:


congrats and nice limit! I have a penfed membership/account but havent pulled the trigger cuz i have 2 chargeoffs from 2007 due to fall off in 2014 so will apply then.There a very conservative lender.



biggest limits: BofA Privilege (33K)/ BofA Cash Rewards (27k)/ Citi AA WEMC (26k)/ Penfed Rewards (22.5k)/ Chase United Explorer (22k)
Fico 08 scores (6/21/14) EX: 758 TU: 759 EQ: 755 (high Utilization for me at the moment @10% so gardening mode).






myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+