Penfed Promise

[CerebralZulu]

I finally looked at the Penfed offers and I have an offer for the Promise card. However when I look at the cards offered on the website, the Promise isn't there. Can anyone tell me about this card? Also, has anyone other than @Aim_High had luck getting their cards over $25K?

[AllZero]

Correct, PenFed Promise is no longer on the public line up for application.

I'm not sure if they will bring it back.

[CerebralZulu]

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@AllZero wrote:
Correct, PenFed Promise is no longer on the public line up for application.

I'm not sure if they will bring it back.

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So being a member I can get it I take it. But what are the card benefits if any? And are all of the offers soft pulls? Even the auto loans?

[FinStar]

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@CerebralZulu wrote:

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@AllZero wrote:
Correct, PenFed Promise is no longer on the public line up for application.

I'm not sure if they will bring it back.

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So being a member I can get it I take it. But what are the card benefits if any? And are all of the offers soft pulls? Even the auto loans?

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If you received the pre-qualified (quarterly) offers, yes they'll be processed as SP whether it's a CLI to an existing card, a vehicle loan (subject to no changes), or a new CC.

IIRC, the Promise Visa is a no-frills, low APR card.  There's no rewards and I don't think it comes with any type of intro APR on new purchases (you may need to check your specific offer).  That said, it comes with no fees of any kind, including FTFs.

[FinStar]

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@CerebralZulu wrote:

I finally looked at the Penfed offers and I have an offer for the Promise card. However when I look at the cards offered on the website, the Promise isn't there. Can anyone tell me about this card? Also, has anyone other than @Aim_High had luck getting their cards over $25K?

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I was able to get my CLs shifted above $25K (even through combos) since my CCs were grandfathered under their old system.  Not sure if you'll be able to accomplish the same under their current system, but you can definitely try.  Worse case scenario they say no.

[CerebralZulu]

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@FinStar wrote:

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@CerebralZulu wrote:

I finally looked at the Penfed offers and I have an offer for the Promise card. However when I look at the cards offered on the website, the Promise isn't there. Can anyone tell me about this card? Also, has anyone other than @Aim_High had luck getting their cards over $25K?

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I was able to get my CLs shifted above $25K (even through combos) since my CCs were grandfathered under their old system.  Not sure if you'll be able to accomplish the same under their current system, but you can definitely try.  Worse case scenario they say no.

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So @FinStar if I apply for the same card look for the credit limit option, and if its not there can I back out and still have the other options? 

[FinStar]

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@CerebralZulu wrote:

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@FinStar wrote:

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@CerebralZulu wrote:

I finally looked at the Penfed offers and I have an offer for the Promise card. However when I look at the cards offered on the website, the Promise isn't there. Can anyone tell me about this card? Also, has anyone other than @Aim_High had luck getting their cards over $25K?

---

I was able to get my CLs shifted above $25K (even through combos) since my CCs were grandfathered under their old system.  Not sure if you'll be able to accomplish the same under their current system, but you can definitely try.  Worse case scenario they say no.

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So @FinStar if I apply for the same card look for the credit limit option, and if its not there can I back out and still have the other options? 

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Yes, but I wouldn't back out per se, I think there's an option to cancel or withdraw the application.  Technically, the offers are still there until you accept any of them (or decide not to pursue them).

[Meanmchine]

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@AllZero wrote:
Correct, PenFed Promise is no longer on the public line up for application.

I'm not sure if they will bring it back.

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I re-checked my CLI offer from June 2020 and there it was.

[CerebralZulu]

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Yes, but I wouldn't back out per se, I think there's an option to cancel or withdraw the application.  Technically, the offers are still there until you accept any of them (or decide not to pursue them).

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@FinStar got ya. Thanks for the knowledge. Also, do the quarterly deals for this quarter end at the end of December?

[FinStar]

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@CerebralZulu wrote:

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Yes, but I wouldn't back out per se, I think there's an option to cancel or withdraw the application.  Technically, the offers are still there until you accept any of them (or decide not to pursue them).

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@FinStar got ya. Thanks for the knowledge. Also, do the quarterly deals for this quarter end at the end of December?

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That's a good question.  I honestly don't know the exact timeframe for how long they last.  I would believe they are pegged somehow to whenever the last update was performed to your PenFed score online.  If it were me, I wouldn't dwell on it too long if this is the appropriate timeframe to take advantage of the offers, unless there are other pressing matters you want to address and/or prefer to wait.