Opinions on Pen Fed Credit Card

[belle6m2k]

Hi All

I just received a Pre Approval for the Penfed Gold credit card. Looking for opinions on the card as I've been looking to possibly join a credit union to take advantage of good loan rates when it's time to upgrade car or make some needed home repairs. All help appreciated. 

[Hex]

PenFed is great.

The Gold card is their lowest rate card but if your profile isn't really good they could still give you a high APR on this card and there's no rewards. If you can get the Gold card you can get a rewards card and the APR difference would probably only be 1%. 

[Yasselife]

@belle6m2k Penfed has been good as my other lenders, processing payments are fast, similar features like auto payment though the app doesn't have the lock/unlock button. 
I was approved for the platinum with 2,500 cl, this shows that you don't have to qualify for the 5k signature to get this card as I thought.

[SouthJamaica]

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@belle6m2k wrote:

Hi All

I just received a Pre Approval for the Penfed Gold credit card. Looking for opinions on the card as I've been looking to possibly join a credit union to take advantage of good loan rates when it's time to upgrade car or make some needed home repairs. All help appreciated. 

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PenFed is a solid credit union with good rates.

[Kraidle]

I've been with PenFed for over 10 years now. I think most of their banking services are great. Really good rates as far as loans go, and customer service is superb.

But their credit cards are... just okay. I think their best one is the Power Cash Rewards once you satisfy the Honors Advantage Membership. I still recommend them as a credit union overall, however.

[Remedios]

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Approved-for-the-PenFed-Gold-Card/m-p/6548987...