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Changes to PenFed Amex

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FinStar
Moderator Emeritus

Re: Changes to PenFed Amex


@Anonymous wrote:

I doubt the travel credit will remain. The letter states that more details about benefits and rewards will "come soon".

No Visa Signature card has airline incidental credit as far as I know, only Visa Infinite and that one has an annual fee.


@Anonymous, the Bank of America Premium Rewards has the $100 incidental credit as far as Visa Signature goes. 

Message 51 of 83
MachoHombre
Regular Contributor

Re: Changes to PenFed Amex



@Anonymous, the Bank of America Premium Rewards has the $100 incidental credit as far as Visa Signature goes. 


Yes, and IMO a great card, I prize mine.   But it has a $100 yearly fee which the PenFed does not.

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Message 52 of 83
Anonymous
Not applicable

Re: Changes to PenFed Amex

I had the Pathfinder Amex, but I also had the much older Premium Travel Rewards Amex (5 points/$ on airfare, equivalent to 4.25% cash back on airfare).  So, today I got two letters telling me I was getting new Pathfinder Visas.  The Pathfinder Amex -> Visa letter was identical to the one posted above.  The Premium Travel Rewards -> Pathfinder letter was slightly different:

 

More Rewards

* Earn 3x on all travel-related purchases [down from 5x on airfare, up from 1x on all other travel]

* Honors Advantage [veterans or checking account users] get 4x

* 1.5x on all other purchases [up from 1x on everything]

 

The same improved lounge access section [the current card required annual spend; I never paid much attention to this benefit because I have a CSR]

 

Better Travel Benefits

* $100 air travel credit [Pathfinder benefit, an upgrade from the existing Amex]

* GE or Precheck credit

* "Additional travel-friendly features not on current card"

 

The same "Increased-Value Added Benefits" section

 

The main thing is that you lose 5x on airfare, but gain $100 air travel and the GE/Pre credit.  I'm not sure I like having two pathfinders, but maybe I'll just give lots of people the gift of global entry...

Message 53 of 83
Anonymous
Not applicable

Re: Changes to PenFed Amex

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink

Message 54 of 83
Buckwheat2U
Regular Contributor

Re: Changes to PenFed Amex


@Anonymous wrote:

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink


Congrats on the monster CLI.  Was it an auto CLI or did you request resulting in a HP?



As of 7/26/2020


Amazon-Prime-Store-Card
Message 55 of 83
MachoHombre
Regular Contributor

Re: Changes to PenFed Amex

DOC is saying this ...which I'm not sure we can take as gospel, but probably validation of what we're assuming here.

pathfinder.JPG

Direct Link   

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Message 56 of 83
Anonymous
Not applicable

Re: Changes to PenFed Amex


@Buckwheat2U wrote:

@Anonymous wrote:

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink


Congrats on the monster CLI.  Was it an auto CLI or did you request resulting in a HP?


Requested and HP'd

 

(Note: if you also bank at NFCU, there are lots of reports of requested CLIs being SP lately. I got + $8k on my Platinum a few weeks back.)

Message 57 of 83
CreditCuriosity
Moderator Emeritus

Re: Changes to PenFed Amex


@Anonymous wrote:

@Buckwheat2U wrote:

@Anonymous wrote:

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink


Congrats on the monster CLI.  Was it an auto CLI or did you request resulting in a HP?


Requested and HP'd

 

(Note: if you also bank at NFCU, there are lots of reports of requested CLIs being SP lately. I got + $8k on my Platinum a few weeks back.)


Where did you read the bolded from or seen it from?  Auto CLI or ones requested?  I certainly bank with them, but havent seen/heard such a thing, but admit I have been extremely busy with real life and havent went through all the PenFed new recently on the forum

Message 58 of 83
FinStar
Moderator Emeritus

Re: Changes to PenFed Amex


@CreditCuriosity wrote:

@Anonymous wrote:

@Buckwheat2U wrote:

@Anonymous wrote:

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink


Congrats on the monster CLI.  Was it an auto CLI or did you request resulting in a HP?


Requested and HP'd

 

(Note: if you also bank at NFCU, there are lots of reports of requested CLIs being SP lately. I got + $8k on my Platinum a few weeks back.)


Where did you read the bolded from or seen it from?  Auto CLI or ones requested?  I certainly bank with them, but havent seen/heard such a thing, but admit I have been extremely busy with real life and havent went through all the PenFed new recently on the forum


Hey @CreditCuriosity, follow the link below.  I was able to get the max overall exposure on the 2 remaining CCs (shy of $200) m8 Smiley Tongue

https://ficoforums.myfico.com/t5/Credit-Card-Applications/NFCU-is-no-longer-Hard-Pull-Happy/td-p/5852339

 

Ok, now back to the main PenFed topic 😊

 

Message 59 of 83
Anonymous
Not applicable

Re: Changes to PenFed Amex


@CreditCuriosity wrote:

@Anonymous wrote:

@Buckwheat2U wrote:

@Anonymous wrote:

Mixed feelings on this one. American Express won't touch me due to my history with them, and I liked having an Amex card in my wallet (particularly for any Amex ticket presales.)

 

However the more universal acceptance of Visa will be particularly helpful when traveling overseas.

 

Although, I got an $18k CLI (from $7k to $25k) on this card yesterday, so that certainly makes this news a bit easier to take. Smiley Wink


Congrats on the monster CLI.  Was it an auto CLI or did you request resulting in a HP?


Requested and HP'd

 

(Note: if you also bank at NFCU, there are lots of reports of requested CLIs being SP lately. I got + $8k on my Platinum a few weeks back.)


Where did you read the bolded from or seen it from?  Auto CLI or ones requested?  I certainly bank with them, but havent seen/heard such a thing, but admit I have been extremely busy with real life and havent went through all the PenFed new recently on the forum


@CreditCuriosity

 

Here are a couple of the threads:

 

 
 
These were for requested CLI's with Navy where folks never received an HP.
Message 60 of 83
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