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Rewards Revoked - PenFed

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CramEiko
Established Contributor

Rewards Revoked - PenFed

So, I'm asking for a friend <<cough>>

Has anyone lost their rewards with PenFed or any other card for that matter? Say for, spending too much? I think my friend said Penfed said "miss use of rewards program or something?" The friend said that they managed PenFed 2 times asking for a reconsideration of rewards program *** with no response back, not even a peep *** (using internal PenFed messaging system).

 

Smiley Happy

 

 





Updated Feb 2023:
Citi Double Cash: $26,300
Citi Costco: $33,800
PenFed Power Cash: $50,000
Chase Freedom Unlimited: $33,400
NFCU Cash Rewards: $29,000
BoA Unlimited Cash: $99,900
Wells Fargo Active Cash: $50,000
Citi AAdvantage Executive: $30,500
Wells Fargo Mortgage 30yr fixed 3.625%

Business Cards:
BoA Business Advantage Unlimited Cash: $8,000
Chase Ink Business Unlimited: $75,000
Chase Ink Business Unlimited: $75,000

RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold | BoA Custom Cash | Lowes | Barclays Aviator Red
Message 1 of 16
15 REPLIES 15
NoMoreE46
Community Leader
Senior Contributor

Re: Rewards Revoked - PenFed

People do lose their rewards and will occasionally rant about it here.

 

Usually those people will say they accrued like Tens of thousands of rewards "legitimately" but they never reappear to prove accordingly.

 

 

 

Message 2 of 16
sznthescore
Established Contributor

Re: Rewards Revoked - PenFed


@NoMoreE46 wrote:

People do lose their rewards and will occasionally rant about it here.

 

Usually those people will say they accrued like Tens of thousands of rewards "legitimately" but they never reappear to prove accordingly.

 

 

 


👀 lol 🙃😂 

REBUILDER CARDS




Goal: FICO 700+
Message 3 of 16
CH-7-Mission-Accomplished
Valued Contributor

Re: Rewards Revoked - PenFed


@CramEiko wrote:

So, I'm asking for a friend <<cough>>

Has anyone lost their rewards with PenFed or any other card for that matter? Say for, spending too much? I think my friend said Penfed said "miss use of rewards program or something?" The friend said that they managed PenFed 2 times asking for a reconsideration of rewards program *** with no response back, not even a peep *** (using internal PenFed messaging system).

 

Smiley Happy

 

 


I'm sorry you lost you reward points.   I'm not exactly clear on what happened, though.  I have two Penfed cards, one for $25K and one for $20K.  I barely use them.

Did Penfed accuse you of cycling or something?   I see you have a $50K limit with them, and a lot of very high limit cards.

 

Can you explain it to me like I'm three?   

 

Thanks!

Message 4 of 16
GZG
Senior Contributor

Re: Rewards Revoked - PenFed

did somebody try to perform an infinite money glitch irl? 

 

Starting FICO 8:
Current FICO 8:



Message 5 of 16
OmarGB9
Community Leader
Super Contributor

Re: Rewards Revoked - PenFed


@NoMoreE46 wrote:

People do lose their rewards and will occasionally rant about it here.

 

Usually those people will say they accrued like Tens of thousands of rewards "legitimately" but they never reappear to prove accordingly.

 

 

 


This.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 6 of 16
Anonymous
Not applicable

Re: Rewards Revoked - PenFed


@NoMoreE46 wrote:

People do lose their rewards and will occasionally rant about it here.

 

Usually those people will say they accrued like Tens of thousands of rewards "legitimately" but they never reappear to prove accordingly.

 

 

 


Well, I think there is always a question of what "legitimately" means, plus the enforced ToS usually shut down discussion of any MS topics.

 

Message 7 of 16
CramEiko
Established Contributor

Re: Rewards Revoked - PenFed


@GZG wrote:

did somebody try to perform an infinite money glitch irl? 

 


What is that?





Updated Feb 2023:
Citi Double Cash: $26,300
Citi Costco: $33,800
PenFed Power Cash: $50,000
Chase Freedom Unlimited: $33,400
NFCU Cash Rewards: $29,000
BoA Unlimited Cash: $99,900
Wells Fargo Active Cash: $50,000
Citi AAdvantage Executive: $30,500
Wells Fargo Mortgage 30yr fixed 3.625%

Business Cards:
BoA Business Advantage Unlimited Cash: $8,000
Chase Ink Business Unlimited: $75,000
Chase Ink Business Unlimited: $75,000

RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold | BoA Custom Cash | Lowes | Barclays Aviator Red
Message 8 of 16
GZG
Senior Contributor

Re: Rewards Revoked - PenFed


@CramEiko wrote:

@GZG wrote:

did somebody try to perform an infinite money glitch irl? 

 


What is that?


buying 'money' with your cc with the purpose of using that money to pay off the cc you used to pay for the 'money', creating an infinite cycle where the issuer pays out, theortically, infinite rewards for as often as you're able to cycle the card 

you get shut down for that pretty quickly usually

Starting FICO 8:
Current FICO 8:



Message 9 of 16
CramEiko
Established Contributor

Re: Rewards Revoked - PenFed

Smiley Mad


@CH-7-Mission-Accomplished wrote:

@CramEiko wrote:

So, I'm asking for a friend <<cough>>

Has anyone lost their rewards with PenFed or any other card for that matter? Say for, spending too much? I think my friend said Penfed said "miss use of rewards program or something?" The friend said that they managed PenFed 2 times asking for a reconsideration of rewards program *** with no response back, not even a peep *** (using internal PenFed messaging system).

 

Smiley Happy

 

 


I'm sorry you lost you reward points.   I'm not exactly clear on what happened, though.  I have two Penfed cards, one for $25K and one for $20K.  I barely use them.

Did Penfed accuse you of cycling or something?   I see you have a $50K limit with them, and a lot of very high limit cards.

 

Can you explain it to me like I'm three?   

 

Thanks!


Um, <<cough>> My friend had to use his personal card to help pay for business expenses until his business cards reached a CL high enough cover.  It may have been = / < than 6 months.

 





Updated Feb 2023:
Citi Double Cash: $26,300
Citi Costco: $33,800
PenFed Power Cash: $50,000
Chase Freedom Unlimited: $33,400
NFCU Cash Rewards: $29,000
BoA Unlimited Cash: $99,900
Wells Fargo Active Cash: $50,000
Citi AAdvantage Executive: $30,500
Wells Fargo Mortgage 30yr fixed 3.625%

Business Cards:
BoA Business Advantage Unlimited Cash: $8,000
Chase Ink Business Unlimited: $75,000
Chase Ink Business Unlimited: $75,000

RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold | BoA Custom Cash | Lowes | Barclays Aviator Red
Message 10 of 16
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