Thinking of joining PenFed (few questions)

[M_Smart007]

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@AverageJoesCredit wrote:
I didnt want to but ok i will

Just as a fyi , getting quarterly offers is NOT gaurenteed . Many members including myself have been members for YEARS and do not get anything but the famous Turbo Tax offer . Even some members who get them have waited a long time and might only see car or boat at first. As @tcbofade mentioned, PF is a coin toss. They will either like your profile or not. Ill just add having a high income is definetly a plus with them though

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Poor AJC, reports littered with PF HP's

[Anonymous]

PenFed offers great products. I have a Power Cash Rewards @ $18k and a Pathfinder Amex @ $7k and these are both great cards. I was offered good rates when looking into auto loans in the Fall of 2018 (that I ultimately passed on.)

However, I'd like to see improvements in their online interface, phone app, reward redemptions, payment applications, and overall customer service.

The experience as a whole is just clunky with them.

[M_Smart007]

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@AverageJoesCredit wrote:
I didnt want to but ok i will

Just as a fyi , getting quarterly offers is NOT gaurenteed . Many members including myself have been members for YEARS and do not get anything but the famous Turbo Tax offer . Even some members who get them have waited a long time and might only see car or boat at first. As @tcbofade mentioned, PF is a coin toss. They will either like your profile or not. Ill just add having a high income is definetly a plus with them though

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" Ill just add having a high income is definetly a plus with them though"

Not when they ask for two years of Tax returns,

"Please provide a copy of your two most recent tax returns with all supporting schedules."

[Anonymous]

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@M_Smart007 wrote:

One question, does Penfed ever give instant CC approvals?   ..My PCR was manual, and I don't remember seeing an instant?

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They gave me a PCR at $25k instant.

[M_Smart007]

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@Anonymous wrote:

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@M_Smart007 wrote:

One question, does Penfed ever give instant CC approvals?   ..My PCR was manual, and I don't remember seeing an instant?

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They gave me a PCR at $25k instant.

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@Anonymous  Thank you!

[K-in-Boston]

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@M_Smart007 wrote:

One question, does Penfed ever give instant CC approvals?   ..My PCR was manual, and I don't remember seeing an instant?

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Both my Defender and Power Cash Rewards were instant approvals.

[M_Smart007]

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@K-in-Boston wrote:

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@M_Smart007 wrote:

One question, does Penfed ever give instant CC approvals?   ..My PCR was manual, and I don't remember seeing an instant?

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Both my Defender and Power Cash Rewards were instant approvals.

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Thanks K!  .. Defender no longer an option, I do not see it.?

[TheBoondocks]

Hey K, who's your primary bank for DD? I have NFCU but thinking about switching to Penfed.

[M_Smart007]

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@TheBoondocks wrote:
Hey K, who's your primary bank for DD? I have NFCU but thinking about switching to Penfed.

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I know the question was for K, and I am sure He will chime in.

I have both NFCU and Penfed. I would take NFCU over Penfed any day. JMO

(I have about 18 different banks and CU's)

Just wanted to throw My 2 cents in the pot.

[TheBoondocks]

Thank you for your 2c 007, I know from your other post you have $250K in HSBC at 2%. Just curious, why put DD to NFCU? Reason I do it is cause all the CU in the Bay area sucks lol. And it sucks that they don't offer at least a day early for DD. They have treat me well since 2017.