Pen Fed slashing my rewards rate and adding annual fee

[Cprman]

They do have an old IT structure. They upgraded it some in the past year or two, but you still can't do automatic deductions to PIF, which really means very active management. Probably can't afford it or they like people not paying in full for the interest.

[kkapdolee]

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@Cprman wrote:

Its a large credit line the rate is 9.99%, but I always pay in full. I can use AMEX blue for 5% cash back on gas and I suspect the you will still get cash back means less then 5% as they didn't specify the number.

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AMEX Blue gives you 5% on gas?

[Anonymous]

I think this is the old (no longer offered) Amex Blue that offered 5% on various things once a $6.5K spending limit was reached.

[Cprman]

That is correct. It's still working, I get 5% unlimited on gas/grocery/drug store after spending 6500 (I spend too much money so it works well). Amex so far is the only one that hasn't nerfed me, give it time...