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

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Jslimm1985
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Location: Fort Dix, NJ

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

Postby Jslimm1985 » Fri Nov 09, 2012 1:42 pm

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) :mad:
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"


WS6R6
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Location: Kansas

Postby WS6R6 » Fri Nov 09, 2012 1:44 pm

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: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]

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djrez4
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Postby djrez4 » Fri Nov 09, 2012 2:27 pm

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.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]


Jslimm1985
Platinum Member
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Posts: 80
Joined: Wed Sep 05, 2012 8:13 am
Location: Fort Dix, NJ

Postby Jslimm1985 » Fri Nov 09, 2012 2:29 pm

WS6R6 wrote: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) :mad:
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"

Jslimm1985
Platinum Member
Platinum Member
 
Posts: 80
Joined: Wed Sep 05, 2012 8:13 am
Location: Fort Dix, NJ

Postby Jslimm1985 » Fri Nov 09, 2012 2:35 pm

djrez4 wrote: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) :mad:
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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