Opened up an account (deposited the token $5) and once membership was esablished, applied for the (original draw) auto loan product - offered at 2.49%.
The American Express Travel Rewards card offer was sent to me as a promotion, and since there was NO ANNUAL FEE, I applied just to see what the credit limit would be... was 11,500, I just took it at an even 10K.
Costco only takes American Express... I get 2% back from them on purchases... simultaneously I get points on American Express for using the card... these Costco (grocery and gas) expenditures are normally debit purchases - so I pay it off immediately, and the BONUS? If I spend $650 in the first 3 months of this card... I get 20K in travel points. That will help fund an international trip pending. I want to marry Penfed. One single caveat...
The Auto Loan funding was quick and fairly smooth, but there was a snafu with the titling process, due to an inexperienced CSR in the auto loan department... kind of aggravating - delayed my registration and title transfer by 3 weeks and counting)... due to the mailing back of an incorrect title.