PenFed Questions

[DI]

My payment will post Wednesday.  I will see if my payment is applied to my available balance.  

[smallfry]

Not looking to threadjack but...I was initially approved for a plain vanilla Visa Gold card at 9.90%. The rate was bumped I suppose for all to 10.90% within a couple of months. Now the rate is 12.49%. This seems kinda high for a no rewards card to me. My highest rate is with Chase at 13.24%. Penfed isn't doing much for me presently.

[smallfry]

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@DI wrote:
My payment will post Wednesday.  I will see if my payment is applied to my available balance.  

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Give it a couple of days to be fair.

[Anonymous]

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@smallfry wrote:
Not looking to threadjack but...I was initially approved for a plain vanilla Visa Gold card at 9.90%. The rate was bumped I suppose for all to 10.90% within a couple of months. Now the rate is 12.49%. This seems kinda high for a no rewards card to me. My highest rate is with Chase at 13.24%. Penfed isn't doing much for me presently.

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Why don't you call them and try to get that card changed to a PCR Visa. I would be surprised if that wasn't pretty easy to do, but who knows!

[smallfry]

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@Anonymous wrote:

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@smallfry wrote:
Not looking to threadjack but...I was initially approved for a plain vanilla Visa Gold card at 9.90%. The rate was bumped I suppose for all to 10.90% within a couple of months. Now the rate is 12.49%. This seems kinda high for a no rewards card to me. My highest rate is with Chase at 13.24%. Penfed isn't doing much for me presently.

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Why don't you call them and try to get that card changed to a PCR Visa. I would be surprised if that wasn't pretty easy to do, but who knows!

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Requires a new account hit I asked already. Since I get free gas at work I'll pass on further AAofA destruction.

[Anonymous]

Grrrrrrr. That one comes under the heading, "App for what you want the first time around!"

What a shame!

[smallfry]

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@Anonymous wrote:

Grrrrrrr. That one comes under the heading, "App for what you want the first time around!"

What a shame!

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The rewards card was NOT available when I joined Penfed.

[Anonymous]

That is even more of a gotcha/bummer. It would be nice if they would hook you up.

[smallfry]

Penfed? It's really a non starter anyway. If I put all my activity on one card I would see 500 bucks a year at 1.25%. I have bigger fish to fry.

[Jazzzy]

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@Anonymous wrote:
this means I will have to go through this for 6 months before I graduate to a better tier with them,... I will have to watch how much I spend and when and PIF 10 days before the statement cuts to show a zero balance!

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No...last month I paid 2 days before my statement cut date. Then I had a charge come through. I paid again on the statement cut date. I ended up with a credit balance because of the cash rewards.

I transfer my payment from my home checking account, and it credits right away. The amount of available credit may not change right away, but the payment will be credited to your balance the day you make it.

I've only been a PenFed member for about 2 months.