@Anonymous wrote:
@Anonymous wrote:I got my Penfed Power Cash Rewards Visa at the beginning of last July on a preapproved offer with a $3K SL. This, of course, is well below the minimum for a Visa Signature, so even though most of the advertising shows cards with the Signature logo, I got a "vanilla" Rewards Visa card. I got a CLI to $7K in early November, which puts me well above the $5K needed for a Signature, but didn't think about it at the time.
However, last week I got a Quicksilver Rewards Visa from Capital One with a $10K SL. When the card arrived in the mail Saturday, I discovered that it's, in fact, a Visa Signature, which made me very happy
and also jogged my memory about my PCR. Since this card's CL is now high enough for a Signature-level card, I wanted to find out if I could get it upgraded. This thread from last year, http://ficoforums.myfico.com/t5/Credit-Cards/Upgrade-to-Visa-Signature/td-p/4606344 , indicates that at least several banks will do this though there are certain conditions (such as needing to have your card for a year before you can apply for an upgrade), but I don't know if Penfed can/will do this. Anyone with experience one way or the other able to enlighten on this point?
Not sure of this was answered or not yet, but from what I know... Penfed does not do PC's. They close one and open another. You can move limits around between open cards, so that an option, but you would have to get the platinum as a second card, or close the PCR to get the platinum, and that would affect your aaoa
Yes, that's a consideration. As I said, in these circumstances it seems too much trouble even if opening a new card wouldn't incur a HP as long as I did it within the 90-day window when the current EQ FICO 9 score is active. Also, as others have pointed out, the ancillary benefits are nice but not really very important (for instance, I get roadside services free as part of my USAA membership - and my mother recently got me a year's free AAA membership too - and you have to pay a fee for such services with Visa Signature); what really matters are things like the fees, rewards and APR. So I think (like I said yesterday) I'm just going to work on getting the CL on my current PCR up whenever I next become eligible for a CLI.