Has anyone ever had their platinum power cash rewards card upgraded to a signature card once their credit limit was increased to the $5K threshold?
Not from PF but from NFCU.
Most will send out the new sig card once you cross the threshold, not all but most.
When my NFCU card went over $5000, the VS was mailed out automatically & I received it about 10 days later.
If you don't want to wait & see, you can do as YoungMan suggested and request a new card due to damage/non-functioning chip.
Yes I called again and had to open a new card to get a signature reward version. APR went from 11.99 to 17.99 when I did it but at I never carry a balance long enough to pay interest. Hopefully in a year they will lower the APR. You can’t have everything.
I think there's a disconnect here..
PenFed has a Platinum card that offers low interest & rewards points.
They also have a Power Cash Rewards that gives CB.
If you had the Platinum Card, going to the PCR would be considered a product change, not just an upgrade.
Perhaps that's where the issue is?? Or did you have a Cash Reward card that increased it's CL over $5000??
I’ve had a power cash rewards with a 2K limit and a 17.99% interest rate since July of ‘17. I requested a new power cash rewards this morning because I needed a larger spending limit to pay for my sick dogs vet bills and get the best cashback I can. I have a Venture Card with a 30K limit but I’m looking to offset all the current and future vet bills so I’ll have more money for vet bills (my dog has chronic heart failure and I’m expecting many large bills and I’m not looking to travel). I asked for the new card because I was hoping if I could qualify for 5K I would get the signature version because I had been hoping to get that version all along. The CSR at first said I couldn’t apply for a card I already had and then when I said I thought I could to get the signature version she put me on hold and checked with someone and said I could apply for a CLI and if the limit was $5K it would turn into a signature card right away and the next one they sent would say it on
It. I wasn’t convinced but decided to believe her. I was approved for a credit limit increase up to $41K with a 11.99% APR which I saw under approvals on the website. I kept being nervous about it actually becoming a signature card so I called back and asked how I would be able to tell and asked if they would be sending me any paperwork about the increased benefits. The 2nd CSR checked with someone and said it wouldn’t be a signature card unless I applied for a new card so I did. I kept the original $2K card and got a second power cash rewards with a $39K limit but it will be a signature card. When I looked at the second approval the APR was 17.99. I guess because it’s a new card. The APR is kind of a drag but I can charge $2700 (which was the cost of my last doggie ICU stay) without going over 7.99% utilization which is great. I had to put the last bill on my Venture card.
Thank you that clears it up nicely.
Please accept my heart felt prayers for your furry friend!
I get it- I'm an animal lover, my cat, who is 18 will be having surgery soon and it's expensive!
I also have ferrets (a lot of them) as I rescued 6 last winter. My Husky battled cancer for almost 2 years, she died 4 years ago, still feels like last week.
I pray everything will go perfectly for your dog & you!
EQ 08 Fico: 812
Penfed Nextgen: Unknown
Instant or Review?: Review
POI?(If yes, what type of proof of income) No
AAOA: 7 years
Total EQ Inquiries: 8 before the PenFed INQ
Last 12 months: 5
Last 6 months: 3
New Accounts in last 12 months: 4
Last 6 months: 2
I'm new to PenFed. It issued a PowerCash card with a 10K line -- less than most of my lines and lowish relative to income, but considering my two recently opened accounts (<3 months) and my lack of history with PenFed, I'm decidedly pleased.
|EQ||812||9 INQ (5 CC, 2 mort, phone, CU)|
|EX||806||10 INQ (6 CC, 2 HELoan, 2 mort)|
|TU||820||7 INQ (5 CC, 2 mort)|
|9/24||< 3%||AAoA 6.6 - 7.3 | AoYA 0m | AoOA 20ish y|