Established Contributor
Posts: 611
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
Super Contributor
Posts: 8,153
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.

Frequent Contributor
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
Posts: 1,843
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.

Cards: (Citi- 82.7k) (Chase- 65k)) (US Bank- 18k) (Amex- 22.5k) (Barclays-40k) (BofA- 68k) (Cap1- 49.5K) (WF- 11k) (Penfed- 22.5k) (Discover- 8k) (Sync/GE- 15.7k) (NASA- 30k) (Diners- 15k)
Fico 08 scores (8/27/14) EX: 772 TU: 767 EQ: 778 (Utilization at 8% right now).

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