PenFed Power Cash Rewards: 7% cash-back targeted offer

[Aim_High]

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@Anonymous wrote:

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Nice offer on your PenFed.  Are you going to convert your Wells Fargo Cash wise to the active cash?

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Thanks @Anonymous!    For now, probably not.  I don't need another 2% card (or even that 1.5% card) but I may roll the limit of Cash Wise over to some new offering from Wells Fargo since they seem to be dedicated to improving their card lineup.  I hope to see some brand new cards in the next 6-12 months in follow-up to Active Cash.  But if I were to keep it, yes, it would make sense to convert to Active Cash! 

[cws-21]

@Aim_High, I now understand why you wanted the Propel. I, too, am looking forward to what Wells Fargo may unveil in 2022, though I'm probably setting myself up for disappointment. Regarding the Custom Cash, it seems to be a great card for me and others like me, but an inconvenient card for you and others like you because of our different spending habits. This is what keeps things interesting and why it's almost impossible to adequately respond to questions like "What is the best cash back card?" As for BoA CCR, I don't blame you given your eligibility for BoA's Preferred Rewards. Are you not still considering USB Cash+ or Elan Max Cash? If so, which one or both? Perhaps, you would pursue the Cash+ because you want to "purposely pursue the largest national lenders for diversity and potentially larger credit limits" and US Bank is in your top five largest U.S. banks list.

[ccquest]

Now that my statement has hit and I don't see any credit, did anybody get their credit yet? I'm definitely thinking they'll be slower to process than someone like AmEx where it's near instant but just wondering.

[Aim_High]

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@ccquest wrote:
Now that my statement has hit and I don't see any credit, did anybody get their credit yet? I'm definitely thinking they'll be slower to process than someone like AmEx where it's near instant but just wondering.

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@ccquest, my credit has not posted yet either.  Agree that they may not be as prompt but may also be waiting to make sure someone doesn't initiate returns or credits that would negate the offer.

[Anonymous]

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@Aim_High wrote:

Instead of the Citi Custom Cash, if I wanted to add another cash-back card, I'd rather add a second Bank of America Customized Cash Rewards card.  With Platinum Honors status, I would earn 5.25% back on up to $2500 per quarter or $10K per year.  It's a better deal in terms of both the rewards and the caps.  And while I said I probably wouldn't add a cash-back card, that is one that I would seriously consider if I did. 

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No Altitude Reserve?   How is that even possible!