Penfed now give 5% on gas paid at pump as well as 1.25 on rest of purchases

PugRanch said: Can anyone tell me if diesel purchases at the pump earn 5% rewards? Thanks!
Yes

I sent them a fax presenting a logical argument that if anything, it is safer to extend a credit line to somebody who has a lot of (unutilized) credit (all other things being equal). That, together with the explanation that my request of $50K CL was nothing else but confidence in my credit profile (and that I'd be interested in getting the card even if the CL is substantially lower) made them review the app again. It's still pending ... I don't have illusions, it's still more likely to be denied than approved, but I'm going to give them a call (if I get a chance) to see where we're in the movie ...

I just called PenFed. As of 6 months ago.. the funding of the account is now consider a purchase and no longer a cash advance!

So I am reading through the fee schedule of the Regular Shared Account. Correct me if I am wrong, do I need a minimum of $500 or direct deposit to avoid the monthly service fee?

As of right now I only have $5 in there.

fatlard said: So I am reading through the fee schedule of the Regular Shared Account. Correct me if I am wrong, do I need a minimum of $500 or direct deposit to avoid the monthly service fee?

As of right now I only have $5 in there.

As far as I know this is for the checking account not the savings.

fatlard said: howie888 said: fatlard said: So I am reading through the fee schedule of the Regular Shared Account. Correct me if I am wrong, do I need a minimum of $500 or direct deposit to avoid the monthly service fee?

As of right now I only have $5 in there.

Where did you get this? I didn't get any notice in the mail, did you?

Yes I did get a notice on the in the mail.

It is also listed on their website

https://www.penfed.org/productsAndRates/serviceFees.asp

The service fee is clearly listed under "Checking Account Services"

cyberkost said: I sent them a fax presenting a logical argument that if anything, it is safer to extend a credit line to somebody who has a lot of (unutilized) credit (all other things being equal). That, together with the explanation that my request of $50K CL was nothing else but confidence in my credit profile (and that I'd be interested in getting the card even if the CL is substantially lower) made them review the app again. It's still pending ... I don't have illusions, it's still more likely to be denied than approved, but I'm going to give them a call (if I get a chance) to see where we're in the movie ...

Was reconsidered for $15K CL, but was still denied after re-sending 2008 W-2 and the latest 2 paystubs (these guys did not want to go by my Aug paystubs they requested for the 1st round!) ... Go figure (mid-100K HHI, no mortgage, 800 FAKO, no high balances on existing lines)

Just applied for the card, asked for a 5K credit limit

KentWang said: How hard is it to get this card? My girlfriend is 21 and has no credit.

Hard, IMHO!

I can't find the Society of American Military Engineers in the join page, did they take that one out? Thank you!

yurgreat said:

Regular Share acct:
Available Balance $96
Current Balance $101

why the $5 difference?
You have to keep $5 in the regular share account to be a member.
If you want to close all of your accounts and end your membership, you can have the $5 back.

yurgreat said: psychoslowmatic said: fatlard said:
Yes I did get a notice on the in the mail.

It is also listed on their website

https://www.penfed.org/productsAndRates/serviceFees.asp

The service fee is clearly listed under "Checking Account Services"


Regular Share acct:
Available Balance $96
Current Balance $101

why the $5 difference?

Edit: Never mind, answered above. No internet for me until after coffee!

Delete...

Whattttt....

This past October, Penfed closed my credit account because of "unauthorized access of a third party processor’s transaction information". No big deal, as I was issued a new card with the same limit.

This month, I got a letter from FIA reducing one of my lines and closing another, noting my credit limits to my income and indebtedness.

Today, I checked my credit report and found that it lists both Penfed accounts as open. This makes my credit limits look 20k higher than they actually are. Plus, it shows the balance as the amount when the account was closed. I am going to call Penfed tomorrow to have them fix the problem. I would advise anyone else who was issued a replacement card to check their credit report.