topic Re: PenFed moving limits? in Credit Cards

PenFed moving limits?

icyhot — Thu, 18 Nov 2021 01:55:02 GMT

Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?

Re: PenFed moving limits?

FinStar — Thu, 18 Nov 2021 02:04:36 GMT

@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?

They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.

Re: PenFed moving limits?

icyhot — Thu, 18 Nov 2021 02:19:31 GMT

That's upsetting. I would hate to have to SD a $95 AF card, but I guess that's my only recourse for now

@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?

Re: PenFed moving limits?

FinStar — Thu, 18 Nov 2021 03:08:50 GMT

@icyhot wrote:
That's upsetting. I would hate to have to SD a $95 AF card, but I guess that's my only recourse for now
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?

This has been the trend for a while including the max CLs on their cards (i.e. no combos or reallocations).

I mean, you're welcome to call them to confirm whether their policies may have changed. But, knowing PenFed, probably unlikely.

Re: PenFed moving limits?

simplynoir — Thu, 18 Nov 2021 04:35:34 GMT

@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.

Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?

Re: PenFed moving limits?

FinStar — Thu, 18 Nov 2021 04:49:50 GMT

@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?

Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.

Re: PenFed moving limits?

simplynoir — Thu, 18 Nov 2021 05:27:17 GMT

@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?
Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.

Well, in that case I guess I'll keep my Pesnfed Promise card after all

Re: PenFed moving limits?

FinStar — Thu, 18 Nov 2021 05:32:17 GMT

@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?
Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.
Well, in that case I guess I'll keep my Pesnfed Promise card after all

What's the limit on the Promise CC? What's the most recent one you got?

Re: PenFed moving limits?

simplynoir — Thu, 18 Nov 2021 05:42:39 GMT

@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?
Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.
Well, in that case I guess I'll keep my Pesnfed Promise card after all
What's the limit on the Promise CC? What's the most recent one you got?

$20k and it's only Penfed card I have. Gets an occasional charge just to show usage. I was just thinking of maybe seeing what they have for cards these days and transferring the Promise limit over in time but that's not an option

Re: PenFed moving limits?

FinStar — Thu, 18 Nov 2021 05:46:16 GMT

@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?
Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.
Well, in that case I guess I'll keep my Pesnfed Promise card after all
What's the limit on the Promise CC? What's the most recent one you got?
$20k and it's only Penfed card I have. Gets an occasional charge just to show usage. I was just thinking of maybe seeing what they have for cards these days and transferring the Promise limit over in time but that's not an option

I'd definitely hold on to it. That card isn't available any longer and it's very possible you can get it up to the max of $50K since it was grandfathered under the old system. Most PenFed CCs today cap at $25K (as a single card), their Gold one caps at $15K.

Re: PenFed moving limits?

K-in-Boston — Fri, 19 Nov 2021 00:20:51 GMT

@FinStar wrote:
For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV...

My cards were opened in 2016 and 2017 and I was not able to combine them in January 2021. I was told I'd need to close PCR and then ask for a CLI on my Defender instead.

Re: PenFed moving limits?

FinStar — Fri, 19 Nov 2021 00:24:29 GMT

@K-in-Boston wrote:
@FinStar wrote:
For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV...
My cards were opened in 2016 and 2017 and I was not able to combine them in January 2021. I was told I'd need to close PCR and then ask for a CLI on my Defender instead.

Interesting DPs @K-in-Boston. I have one left that I might try to combine (not a pressing issue if anything), so I might try it and see if they allow it. All of mine are/were from 2015-2018.

Re: PenFed moving limits?

simplynoir — Fri, 19 Nov 2021 00:39:23 GMT

@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@simplynoir wrote:
@FinStar wrote:
@icyhot wrote:
Does anybody know if PenFed allows you to move limits over or PC to another card? I got the Pathfinder rewards with the 50K bonus and it's not for me, the points suck. I'd like to move the limit over to my Power Cash card. Is this possible?
They do not. No PCs either.

For those of us who obtained their CCs prior to their system upgrades in early 2020, CL reallocations may still be possible, but YEMV. Anyone that obtained new CCs after that will not be able to do so @icyhot, unfortunately.
Follow up question. Do both cards have to had been open prior to the system upgrade or just one of the donor/recipient to reallocate?
Based on the experiment I tried a while back, and based on what several agents relayed from the UW folks, it applies to both CCs being opened prior to the system upgrade.

I lucked out on getting approved with the last card before their system upgrades + thankfully the AmEx>Visa conversions happened right before the restrictions were put in place so I was able to consolidate/merge several accounts.
Well, in that case I guess I'll keep my Pesnfed Promise card after all
What's the limit on the Promise CC? What's the most recent one you got?
$20k and it's only Penfed card I have. Gets an occasional charge just to show usage. I was just thinking of maybe seeing what they have for cards these days and transferring the Promise limit over in time but that's not an option
I'd definitely hold on to it. That card isn't available any longer and it's very possible you can get it up to the max of $50K since it was grandfathered under the old system. Most PenFed CCs today cap at $25K (as a single card), their Gold one caps at $15K.

Correction the CL is $26k bleep I'm old to not remember that; think I keep mixing that card up with another. I'll see what Penfed requires asking for increases. Might save that for a rainy day when the urge creeps in to app. Would be nice to have another $50k card with no fees essentially