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  1. #1
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default PenFed or NFCU? Decisions, Decisions.....

    Aside from applying for a BCE in January. I'm also thinking about applying for either a PenFed Platinum Rewards Card or a NFCU Platinum card. They mainly intrigue me because of their generous initial CLs.

    I'm only chasing the higher limit cards because after I apply for these cards I'm not applying for anything for 2-3 years as this is the timeframe that my baddies (1 Charge off and a few late payments) (06-'07) will fall off my reports. Current utilization is at 25%

    From forum members experiences....
    1. Is this a good plan in your opinion?
    2. What are your experiences with the mentioned cards above?

    Thanks.

    .
    Revolvers
    Credit Union MC 3/2004 ($6K)
    Capital One Platinum 3/2005 ($500)
    Dell Financial Services CC 2/2007 ($2.5K)
    USAA Cash Rewards World MC 10/2011 ($9.5K)
    AMEX BCE 01/2013 ($10K)

    Chargers
    AMEX Gold 1/2011(NPSL)

    EXP 721 (01/02/2013) Amex
    EQU 695 (01/10/2013) PenFed
    TU 705 (01/22/2013) MyFico

    "Please don't thank me for serving, I want to thank you for letting me serve on your behalf"
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  2. #2
    Platinum Member
    Join Date
    Sep 2012
    Location
    Kansas
    Posts
    60

    Default

    I know nothing about the NFCU card but I love my PenFed card, especially for use on gas with 5x rewards. They gave me my highest CL which was a surprising number to me at the time as well. Another thing I like about them is they are very customer oriented (which I'm sure is common of CU's) and have deals in other categories occasionally like for instance they have a 3% deal going on for certain purchases (home improvement) on top of the 5% gas at all times.
    Travel 3x, Groceries + Gas 2x: AmEx PRG (Closed)
    Restaurants + Travel 2x: Chase Sapphire Preferred
    Groceries 3%, Gas + Department Stores 2%: AmEx BCE
    Dining + Entertainment 2x: Citi Thank You Preferred
    Hotels 5x: Chase Marriott Rewards Premier
    Rotating 5%: Discover It, Chase Freedom
    Restaurants 5x: Citi Forward
    Gas 5%: PenFed Platinum Rewards
    Future: US Bank Cash +
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  3. #3
    Centurion Member
    Join Date
    Jul 2012
    Location
    United States
    Posts
    1,092

    Default

    NFCU is a better bet if you still have a charge-off and some lates on your report. I think PenFed offers a better rewards program, though.
    - Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -
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  4. Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Quote Originally Posted by WS6R6 View Post
    I know nothing about the NFCU card but I love my PenFed card, especially for use on gas with 5x rewards. They gave me my highest CL which was a surprising number to me at the time as well. Another thing I like about them is they are very customer oriented (which I'm sure is common of CU's) and have deals in other categories occasionally like for instance they have a 3% deal going on for certain purchases (home improvement) on top of the 5% gas at all times.
    How much was your initial CL if you don't mind me asking?
    Revolvers
    Credit Union MC 3/2004 ($6K)
    Capital One Platinum 3/2005 ($500)
    Dell Financial Services CC 2/2007 ($2.5K)
    USAA Cash Rewards World MC 10/2011 ($9.5K)
    AMEX BCE 01/2013 ($10K)

    Chargers
    AMEX Gold 1/2011(NPSL)

    EXP 721 (01/02/2013) Amex
    EQU 695 (01/10/2013) PenFed
    TU 705 (01/22/2013) MyFico

    "Please don't thank me for serving, I want to thank you for letting me serve on your behalf"
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  5. #5
    Platinum Member
    Join Date
    Sep 2012
    Location
    Fort Dix, NJ
    Posts
    80

    Default

    Quote Originally Posted by djrez4 View Post
    NFCU is a better bet if you still have a charge-off and some lates on your report. I think PenFed offers a better rewards program, though.
    Ok. Yea, all my baddies are aging. They're at least 5-6 years old. Just don't want to waste the unnecessary inquiry if I don't have to. I'm usually not the type that gets inquiry happy. I apply for usually 1 thing a year. Exception being last year when I got my Amex and USAA cards. If you recommend NFCU then that's what I'll go with.
    Revolvers
    Credit Union MC 3/2004 ($6K)
    Capital One Platinum 3/2005 ($500)
    Dell Financial Services CC 2/2007 ($2.5K)
    USAA Cash Rewards World MC 10/2011 ($9.5K)
    AMEX BCE 01/2013 ($10K)

    Chargers
    AMEX Gold 1/2011(NPSL)

    EXP 721 (01/02/2013) Amex
    EQU 695 (01/10/2013) PenFed
    TU 705 (01/22/2013) MyFico

    "Please don't thank me for serving, I want to thank you for letting me serve on your behalf"
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

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