penfed question

[Anonymous]

i'm a little annoyed with them right now, but anyway...i applied for their payment saver auto loan (i'm buying a volt, was going to try to keep the monthly costs low and go that route).  anyway, they declined me due to delinquent obligations - FIVE YEARS AGO.  not a single late payment on anything since march '08.

so, i recon them...and they come back with a counter-offer.  5 years at 1.69%.  ordinarily that would be great, but to me it's not worth it if i can go with ally at 0% (which i've got a phone call with the dealership to talk about later this afternoon).

if i don't take them up on their 5 year car loan, can i counter with a CLI on my cash rewards card?  i got it last july, have PIF every month but it's only a $1000 limit...they've already pulled my report twice, once for the initial app and once for the recon.  i'd like to at least get something out of the two inquiries, if i don't use their auto loan...

[CS800]

My last lates are in 2008 and penfed still will not give me a card with them even though I have had a flawless payment history since then and my EQ has gone up by over 100 points. I appled last year and flat out denied even with recon.

If they countered with 1.69% to me that's a good rate but i understand your dilema. I don't thnk they will counter on the credit card for a CLI but doesn't hurt ot ask

[Anonymous]

1.69% is a good rate, but not as good as 0% lol...the only reason i was even trying to go with them rather than just going after the 0% from the beginning was to keep the monthly down...if i'm going to have the higher monthly payment, i'll take the 0% from ally if i can qualify for it.