HP or SP for PenFed Platinum VISA Pre-Approved mailer ?

[mgood]

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@4sallypat wrote:

Another question - which product is best for everyday use (gas, groceries) -should I wait for a different offer  ?

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The Platinum Rewards is my go-to card for gas with 5x and a decent grocery card at 3x.

Note that their points are worth about 0.85 cents per point, so 5x=4.25% and 3x=2.55%.

Note also that "gas" is just gas, paid at the pump. Some cards rewards for "gas stations" may include everything you buy at that convenience store that sells gas.

[summerterrace]

I have an offer in my account screen for the Power Cash Rewards and across the top it says pre-qualified.

But then it says I'm preapproved and gives me an APR.

Does this mean it would be a soft pull?  

[FinStar]

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@summerterrace wrote:

I have an offer in my account screen for the Power Cash Rewards and across the top it says pre-qualified.

But then it says I'm preapproved and gives me an APR.

Does this mean it would be a soft pull?  

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Is that the only offer that displays?  Meaning are there any auto loans, or other credit card, or additional products displayed as pre-approved?  If not, the this is a single offer which will likely result in a HP.

A HP isn't the end of the world if the product is of benefit to you.