TightWalletToo said:tomprc said:TightWalletToo said:Good card, I have had Penfed card for 2 years with no problems. Rewards applied on each following month statment. 5% on gas is a bonus. I don't have to use my 5% gas rewards Discover & wait on a check after reaching $20 reward. Good fixed rate Home Equity loans also.


i have these problems:

1. their online sytem is not user friendly, for example, unable to check available credit.
2. their online statement is always posted several days late
3. unable to schedule payment in advance.

I have not had any problems with the Penfed site just checking balances & posted dates, I don't carry a balance. They do mail you a monthly statement for credit card & any loan balance. Try the Discover site if you want real problems. Discover also says 6 to 8 weeks to credit your account for the award amount or 1 week to get a check. What's up with that???

My theory is they don't want to credit people's accounts. When it is reward points, a certain number of people will never bother to cash them in. If the reward is a paper check, a certain percentage of people will never deposit the check, for whatever reason - lost in the mail, mistaken for junk mail and thrown out, or people forget to deposit it because the amount is so small. But when the account is credited, people WILL realize their reward benefit.

Nice deal OP. I may have to jump in on this card.

So can you answer my question about the > $15 credit card delievry fee that I encountered when I was applying for the card? It's the first time in my life I had been asked for a "Credit Card Delivery Fee". It's weird. I canceled my application because of that.

andypew said:I work for Pentagon Federal Credit Union, I don't know who you spoke with, but it is not required that your family be members. Only eligible for membership.

andypew said:I work for Pentagon Federal Credit Union, I don't know who you spoke with, but it is not required that your family be members. Only eligible for membership.

do you have plan to upgrade your crappy website?

Namely: faster statement posting in 1 day instead of 10 days. show available credit, cash advance credit. schedule ACH payment in advance. remove the $2000 limit per day for payment. show which transactions are after the statement close date and which are before, and so on.

The discovery gasoline card is another alternative way to get 5% on gasline. However, the wording of their program refers to purchases made at gas stations and includes repairs (I suspect this is a result of using type of store to classify transactions) while the Penfed card and several others apparrently give only 5% on gas paid at the pump. this feature makes a case for having a discovery gas card just to get the repairs.

I have not examined just how broad the gas stations classification is, but I suspectit would also include some gas stores with appreciable convenience store operations or possibly opportunties for purchasing gift cards.

If you limit the casrd usage to just repairs you probably could leave it at home and only bring it when you pick your car up after a repair. Of course, once you have it, it may pay to use it for gasoline since you can reach $20 quicker than the larger amounts required by "everyday" cards and then you can keep your everyday cards limits (often $300 per year) for groceries and pharmacy purchases.

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ProfessorEd said:The discovery gasoline card is another alternative way to get 5% on gasline. However, the wording of their program refers to purchases made at gas stations and includes repairs (I suspect this is a result of using type of store to classify transactions) while the Penfed card and several others apparently give only 5% on “gas paid at the pump” (I gather they have some way of separating such purchases from those paid for inside the store),. this feature makes a case for having a discovery gas card just to get the repairs.

In my experience I have several times tried to pay at the pump but hit a problem which required me to go inside and give them my credit card. It looks like I would not get 5% back with the PenFed card in these cases.

I have not examined just how broad the gas stations classification is, but I suspect it would also include some gas stores with appreciable convenience store operations or possibly opportunities for purchasing gift cards. Rather frequently I have stopped somewhere for gas and bought some food and drink items for the family inside the station or an associated convenience store. I am fairly sure the ones that are on major intercity highways are classified as gas stations by discovery. (I am less sure about the urban convenience stores that have a pump outside).

If you limit the card usage to just repairs you probably could leave it at home and only bring it when you pick your car up after a repair. Of course, once you have it, it may pay to use it for gasoline since you can reach $20 quicker than the larger amounts required by "everyday" cards and then you can keep your everyday cards' limits (often $300 per year) for groceries and pharmacy purchases. this does involve the hazzle of carrying one more card in the wallet.

As far as "paid at the pump" card issuers usually know it's that type of transaction. I've been called by credit card issuers more than one time, when they saw what was suspicious paid at the pump activity (it's a high fraud area). Once I told them I was traveling and had possession of the card(s), they were then OK and removed the alert off my account.

So if you go into a service station and have your transmission replaced, you won't see a 5% rebate, unless you can somehow arrange for the station owner to run that transaction through at a gas pump. But if that requires the station owner to run two thousand gallons of gas from the pump right back into the underground storage tank, you're going to have a hard time.

What are benefits for this card besides the Rebates? I understand it's a Platinum card - but does it have the Visa "Signature" level benefits like Warranty manager protection & service?

I may be the exception but I am very fond of card benefits besides the rebates. I does not need to be a signature card to make me happy - but i like to see "Purchase assurance", Warranty manager" and travel accident and maybe baggage insurance with a card. That's worth more than 1/4% more rebate for me. Has anybody read the "card benefit" fineprint. if this card has all of the above it would be a perfect replacement for my Chase Perfectcard .

tomprc said:have anyone tried to pay inside (e.g. buy gift card) and got 5% CashBack?
The CSR I spoke with was very adamant about swiping it as the pump and not going inside. So, I don't think it will work.