cancel
Showing results for 
Search instead for 
Did you mean: 

Why Is PenFed Tempting Me?

CreditUnionFan
Valued Contributor

Why Is PenFed Tempting Me?

A few years ago I joined PenFed hoping to refinance my car loan, and they promptly denied the application, citing the negative information on my credit report.

 

The negative information is gone, no derogatory accounts, and I'm being solicited repeatedly for their Visa that earns points for pay at the pump, and grocery stores.

 

I have several new accounts, and am not sure what my Nextgen score is since it seems you don't get it unless you already have a credit card. I do my checking between Santander and USAA, not PenFed.

 

13 inquiries on EQ, 6 of which are in the last year. 

 

I find myself thinking that I don't really need the card, but tempted by the allure of the issuer that previously turned me away. (the $100 isn't horrible either)

 

Other CC Wish List:

Citi AT&T Card 

Sams Business MC (have personal MC that earns 5% on gas)

another Cap One Spark Business

maybe something from US Bank

 

I have the mailer asking me to apply, but it doesn't have a firm APR. Can someone talk me away from the Apply Button?

I was going to garden... Honest!
Message 1 of 32
31 REPLIES 31
baller4life
Super Contributor

Re: Why Is PenFed Tempting Me?

Step away from the button. Smiley Very Happy
Message 2 of 32
CreditUnionFan
Valued Contributor

Re: Why Is PenFed Tempting Me?


@baller4life wrote:
Step away from the button. Smiley Very Happy

I see the card taunting me in your signature. Mixed messages?

I was going to garden... Honest!
Message 3 of 32
ksb1
Valued Contributor

Re: Why Is PenFed Tempting Me?

PenFed is awesome! Love them! Quick apply, see whatcha get.......

Oh, wait, I'm trying to live vicariously through you since I'm gardening......

They awesome though! Great cards for balance transfers.

back to a seedling 3/17/18
Message 4 of 32
baller4life
Super Contributor

Re: Why Is PenFed Tempting Me?

Seriously though, Penfed is a great card to have. Any of them. What's your EQ score?
Message 5 of 32
CAPTOOL
Senior Contributor

Re: Why Is PenFed Tempting Me?

PenFed sucks. You should shred the mailer.

Message 6 of 32
CAPTOOL
Senior Contributor

Re: Why Is PenFed Tempting Me?

Just kidding! icon_biggrin.gif

Message 7 of 32
CreditUnionFan
Valued Contributor

Re: Why Is PenFed Tempting Me?


@baller4life wrote:
Seriously though, Penfed is a great card to have. Any of them. What's your EQ score?

I've seen scores fluctuating... DCU has reported 717 to 724 over the last few months, Suntrust reported 750-753, including a "serious delinquency" that was finally removed in the second half of April.

I was going to garden... Honest!
Message 8 of 32
Musiclover
Super Contributor

Re: Why Is PenFed Tempting Me?

Penfed is awesome! My number one card!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover..
Message 9 of 32
CreditUnionFan
Valued Contributor

Re: Why Is PenFed Tempting Me?


@CAPTOOL wrote:

PenFed sucks. You should shred the mailer.


Great advice... Which mailer should I shred?  I have more than one.  Smiley Very Happy

I was going to garden... Honest!
Message 10 of 32
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.