Best PENFED CC Choice

BarryNTexas · ‎07-08-2015

What would you say would be the best choice for my first credit card at PENFED if I get approved...

Thanks in Advance

Anonymous · ‎07-08-2015

depends on what you will buy and what kind of rewards you want. Check out their offerings and pick the one that fits your needs/wants

Anonymous · ‎07-08-2015

@BarryNTexas wrote:
What would you say would be the best choice for my first credit card at PENFED if I get approved...

Thanks in Advance

I agree that it should be the one that fits your needs the best. I have the Platinum Rewards Visa for the rewards and the Promise Visa for low interest rates when I need to charge a large item or have an emergency charge. What your individual needs are should dictate which card you acquire. Good luck!

In my wallet: Venture 15k; Barclay Ring 12.5k; Discover 10k; PenFed Platinum Rewards Visa 10k; PenFed Promise 10k; CareCredit 7.7k; Amazon Store Card 5k. QS 5k; BA Travel Rewards 3.5k; BA Travel Rewards 3.5k; BA Platinum Visa 2k; Barclay Apple Rewards 2k. Total Credit: 86,200. 7/2-FICO: EQ - 788; TU - 779; EX - 690; Utilization: 12%; GOAL: 780 across the board then 800 across the board. Inquiries: EQ: 7 TU: 6; EX 3; Chapter 13 seven years May, 2015. Reset my garden date to 7/7. Gardening until further notice.

Anonymous · ‎07-08-2015

@Anonymous wrote:
@BarryNTexas wrote:
What would you say would be the best choice for my first credit card at PENFED if I get approved...

Thanks in Advance

I agree that it should be the one that fits your needs the best. I have the Platinum Rewards Visa for the rewards and the Promise Visa for low interest rates when I need to charge a large item or have an emergency charge. What your individual needs are should dictate which card you acquire. Good luck!

In my wallet: Venture 15k; Barclay Ring 12.5k; Discover 10k; PenFed Platinum Rewards Visa 10k; PenFed Promise 10k; CareCredit 7.7k; Amazon Store Card 5k. QS 5k; BA Travel Rewards 3.5k; BA Travel Rewards 3.5k; BA Platinum Visa 2k; Barclay Apple Rewards 2k. Total Credit: 86,200. 7/2-FICO: EQ - 788; TU - 779; EX - 690; Utilization: 12%; GOAL: 780 across the board then 800 across the board. Inquiries: EQ: 7 TU: 6; EX 3; Chapter 13 seven years May, 2015. Reset my garden date to 7/7. Gardening until further notice.

I have the Pronise for the low APR because I have too many other rewards type cards as it but I've heard a lot of good things about the Platinum a Rewards one that you gave as well.

Ron1 · ‎07-08-2015

I applied for Penfed Platinum Cash Rewards Visa. It's my first card. I like the card because 5% for gas purchase.

Ron.

BarryNTexas · ‎07-08-2015

Hi

@Ron1 wrote:
I applied for Penfed Platinum Cash Rewards Visa. It's my first card. I like the card because 5% for gas purchase.

Ron.

Ron, that one caught my - I really have all of the rewards cards I need. But having a full time 5% gas card would be nice. Is there a catch to redemption?

Ron1 · ‎07-08-2015

@BarryNTexas wrote:
Hi
@Ron1 wrote:
I applied for Penfed Platinum Cash Rewards Visa. It's my first card. I like the card because 5% for gas purchase.

Ron.

Ron, that one caught my - I really have all of the rewards cards I need. But having a full time 5% gas card would be nice. Is there a catch to redemption?

No, you don't need to redeem. It gives you statement credit on the statement. You don't have to redeem. I think it is a good card to start. They give your pre-approval afte a year if you keep the card in good standing. Now, I have most of their cards and PLOC. They pulled EQ.

Ron.

baller4life · ‎07-08-2015

That's the one I'm getting Barry. I need a designated gas card. Might even get Promise too! You don't have to just pick one.

B335is · ‎07-08-2015

The Platinum Cash Rewards was also my first Penfed card. I only got $1k approved, but they CLI the acct (by request) to $10k after 8 months of light use.

Anonymous · ‎07-08-2015

I am guess I am the lone wolf with the Defender Card---however you do have to be active or previous active military or honorable discharged veteran to qualify for that one. I like the no fees of anykind part of it.