New PenFed Terms Released

[creditwherecreditisdue]

It looks like they will be fully Credit CARD Act of 2009 compliant by 30NOV2009. Rates going to variable as previously posted, but at the same rate currently in effect (13.99% for PCR Visa).

If you have a PCR Visa with a BT on it you should be able to use it for your Christmas shopping without burying your rate.

[andyaycw]

I'm a bit bummed out that the foreign transaction fee is being raised from 1% to 2%.

[Underh20]

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@andyaycw wrote:
I'm a bit bummed out that the foreign transaction fee is being raised from 1% to 2%.

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Yeah, that does stink.

So far USAA hasn't raised their foreign transaction fee and I think Alliant is still only 1%.  I'm surprised that Macy's only charges 1%.

[creditwherecreditisdue]

It was wonderful before anyone collected the FT fee.

[pattycake]

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@creditwherecreditisdue wrote:
It was wonderful before anyone collected the FT fee.

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If you have the rewards card, it shouldn't affect those who PIF. But, bummer about the FT fee. I had to eat those (3%) when traveling, as the state travel dept wouldn't reimburse us for those.

[creditwherecreditisdue]

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pattycake wrote:

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creditwherecreditisdue wrote:
It was wonderful before anyone collected the FT fee.

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If you have the rewards card, it shouldn't affect those who PIF. But, bummer about the FT fee. I had to eat those (3%) when traveling, as the state travel dept wouldn't reimburse us for those.

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As if it wasn't a legitimate expense... Sounds like something they should be sued over. Some brave soul needs to step up to the plate!

[pattycake]

Yeah - I had to eat a lot of travel costs, and I had to travel a lot.

I don't work there any more!!!