topic Re: PenFed credit card payments in Credit Cards

PenFed credit card payments

Anonymous — Fri, 19 Oct 2012 15:19:16 GMT

what's the easiest way to pay my penfed platinum rewards online?

is the ACH method the best? so i need to constantly put $50 from chase into pfcu daily?

Re: PenFed credit card payments

resilient — Sat, 20 Oct 2012 13:12:30 GMT

I set up an allotment to my share savings once a month. When I want to pay more, I initiate a transfer from my PenFed online to withdraw from my other bank. Posts on the same day, but takes 2-3 days to come out of my other bank account.

Re: PenFed credit card payments

Jazzzy — Sat, 20 Oct 2012 13:15:55 GMT

I simply pay from my checking account. Have never had a problem, and you are not bound by a $50 transfer limit.

Re: PenFed credit card payments

Anonymous — Sat, 20 Oct 2012 16:16:43 GMT

i'm bound by $50 for the first six months. i set up billpay through chase, they can only mail a check on my behalf, but oh well. i'll suffer through the wait for six months.

Re: PenFed credit card payments

Jazzzy — Sat, 20 Oct 2012 23:50:49 GMT

You're not bound by $50 payments from your checking account to them. I use PenFed specifically for my gas, and from the beginning I've paid them hundreds in gas each month in payments directly from my checking account. I've never mailed them a check.

Re: PenFed credit card payments

kimmiller112 — Sun, 21 Oct 2012 00:38:45 GMT

I can only do up to $50 at a time from my BofA account into my PenFed account. I don't have a credit card with them yet, but plan on apping in about a year. My PenFed account is not quite 6 months old. Will they eventually lift that maximum? Right now, I have it set to automatically transfer $50/week although most weeks I do another one manually. I'd like to build up that account for when I do app but doing $50 at a time is not building it up very fast.

Re: PenFed credit card payments

Anonymous — Sun, 21 Oct 2012 15:50:09 GMT

@Jazzzy wrote:
I simply pay from my checking account. Have never had a problem, and you are not bound by a $50 transfer limit.