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Thread: Penfed

  1. #1
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    Default Penfed

    How many folks around here have Penfed? How do you like their cards? How generous have they been with their credit limits?
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  2. #2
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    Default

    I signed up for Penfed after reading about their gas card here. 5% back on gas is very nice, that is all I use the card for. Limit was fair, $2500 asked for more when I applied but they said there was no way they would give me more at this time. I really like the APR and their balance transfer offer. I have not had to use that service though because I do not carry balances. I have not had any problems with customer service or online bill pay. Sometimes you may have to hold for a while.

    Note they charge you 50c for a paper statement.. per statement.
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  3. #3
    agp
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    They have been a PITA for me so far. First they denied my application for the cash back card, then I sent over a paystub - no response. Called and was asked to send paystub again, sent - no response. Called again and was asked to do the same, sent - got a response, asking for the 2 most recent paystubs and says I have 30 days to do it... Then a few days later (today), I checked online, and it says I have the Penfed Platinum Rewards card approved. This is not the card I applied for.... The credit limit was conservative but generous at the same time.

    Main Card: Amex Platinum
    For gas: Penfed Platinum Cash Rewards
    For travel & dining: Chase Sapphire Preferred
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    agp, can you have your account changed to the right card?
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  5. #5
    agp
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    I emailed them late last night/early this morning to inquire about the situation and ask to have the card changed. They will probably get back to me tomorrow. If the answer is anything short of compliant I will have to call them.

    Main Card: Amex Platinum
    For gas: Penfed Platinum Cash Rewards
    For travel & dining: Chase Sapphire Preferred
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  6. #6
    agp
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    Got an email back saying they can't change the account via an email request so I called. They told me the Plat Rewards card is in the mail and that I should not use it otherwise they can't change the account. They are mailing out a Plat Cash Back card for me and will be here in 10-14 days.

    ... I never sent my last 2 paystubs.

    Main Card: Amex Platinum
    For gas: Penfed Platinum Cash Rewards
    For travel & dining: Chase Sapphire Preferred
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  7. #7
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    I got both of those cards. I am a fan of the rewards on both.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  8. Centurion Member
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    Is there a spending cap on rewards?
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