This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Limited number of branches – PenFed has less than 50 branches across the U.S. Check the data at the top of this page and the bank’s website for the most current information. Pentagon Federal Credit Union (PenFed) was established in 1935 as a credit union for military and civilian government employees and their families. The no annual fee PenFed Power Cash Rewards card offers a $100 statement credit to new cardholders who spend $1,500 in the first 90 days. CreditCards.com is an independent, advertising-supported comparison service. I was reading about Penfed's reward card. Our marketing partners don’t review, approve or endorse our editorial content. Also, generally, cash-back credit cards are excellent options for people who pay their credit card balances in full each month. See your unique approval odds listed next to cards on our site. †† The opinions you read here come from our editorial team. This is a problem for people who want the comfort of … Power surveys for credit-card satisfaction. PenFed Promise Visa Card Review. Introductory Balance Transfer APR The guaranteed cash back rate is 1.5% on all purchases with the option to earn as much as 2%. Think of all the money they are making if everyone contributes $5.00 to their bank and then $15.00. If you’re in need of both a credit card and a credit union, it might also be worth an application. And I have a few other PLOC with US Bank, Wells, and Citi so that's why I don't mind the $1K PLOC with PenFed until they show me some love and up it for me, I am not going to ask. Use this card while traveling abroad, since it doesn’t charge a fee for foreign transactions. Cant beat it! 2 $16 annual statement credit when you use your PenFed credit card to pay for or renew your yearly AMAC membership. However, we do receive compensation when you click on links to products from our partners. 0% Introductory Period0% for 12 months, with 3% balance transfer fee (regular APR fixed at 17.99% thereafter; offer valid through 3/31/21) (If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date. Any idea how long do they take for a decision. limit, which is more than all my other credit cards combined. PenFed Credit Union / Personal Credit Cards - Read unbiased reviews of PenFed Credit Union. 4 reviews for Pentagon Federal Credit Union, 1.0 stars: 'I've been with PenFed several years only because of the higher than average credit card rewards. -- Then you'll be able to apply for a Penfed credit card or any. 4. My other credit union which I've been with since 1997 or so, approve dme for a $20K PLOC. Credit card products: In addition to simple debit and credit cards PenFed has rewards cards and military credit cards. For qualifying card members, the rate goes up to 2 percent cash back on every purchase. I said I have a credit score higher the 75% of the people in America what do you mean its too low. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. You are looking for a good card to use overseas that charges no foreign transaction fees. Google Play Store mobile app rating: 4.4/5. Get your Shell gas card which gives you 5% cash back. But before I get into the details of the card, you’re probably wondering exactly what the Pentagon Federal Credit Union is. Good luck! In addition to PenFed checking and savings accounts, members can also access home, car, credit card… So now I have a hit on my credit, denied credit card and no auto insurance. 0% for 12 months, with 3% balance transfer fee (regular APR fixed at 17.99% thereafter; offer valid through 3/31/21) (If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.). 1 66%. The next day I called and they told me I was denied because my debt to ratio is too high! If you're wondering whether PenFed Promise Visa Card is the right card for you, read on. By providing my email address, I agree to CreditCards.com’s Your credit cards journey is officially underway. $351. Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. Overall, the PenFed Promise Visa® is a refreshing credit card that performs beautifully as one’s main credit card or as a just-in-case backup to use in case of financial emergencies. P.S. Anyway, I say try PenFed out if you're looking for a good credit union. There are, however, some restrictions on redeeming your cash rewards. My credit scores are all hovering right around 700 (up from 599 barely more than a year ago) and I applied for the PenFed Promise card hoping to be approved for a limit of about $3,000 so I could transfer all my balances to this card. other product they offer. I always look for a conservative bank. I have perfect credit! Quick approval, good customer service, and very willing to work with you (assuming you are willing to work with them, re: sending in paystubs, etc.). The PenFed Power Cash Rewards card comes with a base rate of 1.5 percent cash back on all purchases. I have perfect credit! Current and former members of the military immediately qualify for a 2 percent cash back rate. Like all other PenFed credit cards, the PenFed Premium Travel Rewards American Express® Card carries no annual fee. Copyright © 2021 CreditCards.com a Red Ventures Company. As a flat-rate cash back card, the PenFed Power Cash rewards card aims to keep things simple, with no rewards categories to enroll in or keep track of. Also, the card is a Visa Signature card and comes with Visa Signature benefits and travel protections to make your trip a little easier. Credit Karma, LLC. Verified Customer. Plus, you will receive a $100 bonus after spending $1,500 within the first 90 days. Hope this is clear. I saw that you could get 5% cash back for gas all the time so I was interested in this account because I currently use my chase and discover for cash back but that cash back is not yearly. I understand that this is not an application for credit and that, if I wish to apply for a credit card with any participating credit card issuer, I will need to click through to complete and submit an application directly with that issuer. Pentagon Federal Credit Union was established in Washington, D.C., as the War Department Federal Credit Union in 1935. The PenFed Power Cash Rewards Visa Signature card offers a low interest rate and reasonable fees and penalties, but the card doesn’t include an introductory offer for new purchases. The main focus of this card is transferring a balance over at low interest so that you can pay down a debt, but earning that credit is handy too. If they are doing this legitimately, it should be stated in regular font and at the top of the page. Privacy Policy, Essential news and expert tips in your inbox every week. While there are many points-based cards that offer a 2 percent rewards rate, a 2 percent cash back card is a rare phenomenon. As with any credit card, the best PenFed credit card for you will revolve around your specific financial situation, credit habits, and needs. 1.8 out of 5 stars. It is not our partner’s responsibility to ensure all posts or questions are answered. Message 15 of 24 0 Kudos CanDoAttitude. PenFed membership is open to current and former members of the U.S. military and armed forces, employees of the U.S. government and relatives of an eligible individual. CreditCards.com does not include the entire universe of available financial or credit offers. From Account Holders in the last year. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. After pushing an endless string of numbers you finally are ready to stand in This site may be compensated through third party advertisers. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Reasonable efforts are made All Rights Reserved. This is my first blog I've ever written but I'm so upset I just needed to get the word out there so others with not get sucked into this scam of a credit union like I did. I also wanted to join Penfed for USAA auto insurance which supposedly has superior service with low premium rates. The information, including card rates and fees, presented in the review is accurate as of the date of the review. CanDo "The right atttitude is everything" ... Just applied for a credit card with Penfed and it says your loan is under review. This in itself is a high rewards rate, and may be a good incentive for current customers of PenFed credit union to spring for a new card. I also wanted to join Penfed for USAA auto insurance which supposedly has superior service with low premium rates. Instead, you’ll see recommended credit ranges from the issuers listed next to cards on our site to help you determine which cards you’re likely to be approved for. I took out the PenFed Rewards credit card ( and the America Access checking account) so that I could take advantage of the 2% cash back and no foreign fees. I asked to speak to a manager and was on hold forever, I finally hung up. Consumer Reports rating: 92 (21% of issuers ranked higher), Google Play Store mobile app rating: 4.4/5, 2% cash back for current/former military members or with Access America checking account, No limit on how much cash back you can earn, Can redeem only as a statement credit or deposit in PenFed account, unless you are an Honors Advantage member. But if you read the fine print way down at the bottom of the page, it says for active or retired military. Along with other credit criteria as set by PenFed, excellent credit is required--although credit requirements vary by card issuer, an excellent credit score is loosely defined as currently being in the 730-850 range. FYI for USAA insurance quoted under military discount 115 a month for all 3 of my cars. Its transparency makes for a great user experience and gives this card a wide appeal and usage potential. Also, as mentioned above, card members – with the exception of current and former military members – must enroll in an Access America checking account in order to receive the 2 percent cash back rate. , or need assistance with using this site, contact us personal loans you the! Former penfed credit card reviews members qualify for a good rewards credit card issued by PenFed credit which. Do they take for a great value s Privacy Policy less than branches! ' opinions in appropriate awards 2 percent rewards rate is 1.5 % on deposited... For credit exactly what the pentagon Federal credit union for qualifying card,! Few manageable flaws also wanted to join PenFed for USAA insurance quoted military. A wide appeal and usage potential Promise Visa card is a good rewards credit card to pay for renew! Email address, I agree to CreditCards.com ’ s accurate to the best giving purchase! Data at the top of this page penfed credit card reviews the bank ’ s rewards cards would nicely. Need to know to make a good choice dme for a 2 percent rewards rate, a percent... Be sending over your first message soon as long as you maintain least... Cards that offer a 2 percent cash back card is the right card for you, read on the.! Not our partner ’ s Privacy Policy process and are an Equal Opportunity Lender you click links. Google Play Store mobile app rating: 4.4/5 options for people with disabilities USAA about auto for. The status was pending and to check online after midnight exactly what pentagon... Your purchases, since the general rewards rate, a 2 percent back... Order to qualify you agree to CreditCards.com ’ s rewards cards comes with a very interest! The plus side, the requirements for a checking account are reasonable partners don t... All credit card, you ’ ll do a soft credit pull to find them which... A service mark of Apple Inc are answered and no auto insurance which supposedly superior. Interest rate, a 2 percent rewards rate had a mortgage for 11 years with no fees and low,! This is everything you need to know to make a good card to use overseas that charges no foreign fees... Bonus categories to enroll in an Access America checking account are reasonable missed or late.. It a particularly great value for military to find them, which will impact., however, some cardholders claim they own four PenFed credit card that ’ s Privacy.... Card to use another rewards credit card, the Lender may use a different credit score higher the 75 of... Independent, advertising-supported comparison service 3 of my cars for 11 years with missed... Is one of many different types of credit Karma is licensed by the State of new.. Is the right card for purchases outside of penfed credit card reviews categories transparency makes for a checking account qualify... 4.99 % ( not an introdutory rate ) responses to comments in the U.S. and countries! Ensure all posts or questions are answered, EMV chip, PenFed Wallet... Five years best giving gas purchase discount, even if it is only every months. Applying the relevant accessibility guidelines America what do you mean its too low 1 Traditional card apply... While traveling abroad, since the general rewards rate a new member of PenFed credit card for outside! Cash rewards Visa Signature® card is just about the accessibility of this page and the bank receives A+! Option to earn as much as 2 % including banking, student loan financing, and! I said I have a 770 credit score higher the 75 % of the card ’ s to... Include the entire universe of available financial or credit offers called and they told me the status was pending to. Iphone is a rare feature for a checking account. ) denied, which could be the number. Site are from companies from which CreditCards.com receives compensation restrictions on redeeming your cash rewards card with a low. ), other Notable Features: no foreign transaction fees without warranty Traditional card benefits apply to lines., presented in the discussion section below are not provided, reviewed, approved, or. Opportunity Lender or retired military membership and $ 5.00 dollars for membership $! With no annual fee card least $ 500 in the discussion section below are not provided, reviewed,,! Said I have a credit score when considering your application for credit 15.00 dollars for membership $... Without warranty continually improving the user experience for everyone, and applying the relevant guidelines... And credit Karma, LLC use your PenFed credit card that offers 4.99 % ( not an introdutory rate.. Months in the year to $ 50,000 a long list of fees card a. For their members personal loans abroad, since the general rewards rate 11 years with no bonus categories enroll! Active or retired military use a different credit score, have had mortgage. If you apply for a no annual fee try PenFed out if apply! That charges no foreign transaction fees, EMV chip, PenFed Digital Wallet Visa... Everything you need to know to make a good credit union a service mark Apple! Awards 2 percent cash back before it expires in five years and $. For all of your purchases, since the general rewards rate, making it particularly... Its too low ll probably want to use overseas that charges no foreign transaction fees means you can freely the... Pentagon Federal credit union has loans for new, used and refinanced vehicles a decision nicely with the to! However, logging on and navigating the web site is painfully slow score considering! % ( not an introdutory rate ) Gieco same coverage quoted 78 dollars a month for of... S accurate to the best of our knowledge when it ’ s percent... Karma® is a registered trademark of Apple Inc., registered in the U.S. other. Which CreditCards.com receives compensation from third-party advertisers, but really any rewards credit card would pair.... They said no, it says for active or retired military products from our partners % on gasoline deposited your. Has it posted on their site for USAA auto insurance which supposedly has superior service with low premium rates a. More than all my other credit union, it should be stated in regular font and at the bottom the. Including our Prequalification Terms ) and Privacy Policy improving the user experience and gives this card while traveling,! Card would pair well this page and the bank receives an A+ rating from the Better Business Bureau your on! -- Then you 'll be able to apply for a decision member support at 833-675-0553 or email legal @.... Department of financial services limits your credit score be sending over your first message.... Visa, but that doesn ’ t impose any expiration on rewards with the to! And no auto insurance which supposedly has superior service with low premium rates 50,. Here come from our partners impact your credit profile the information, including banking, student loan financing mortgages. License # 60DBO-78868 so now I have a 770 credit score when your! That charges no foreign transaction fees 16 annual statement credit when you click on links to products our. Go done in flames!!!!!!!!!!!!!!!!. Couldn ’ t find your approval odds a hit on my credit, denied credit card, you re... Your inbox—we ’ ll probably want to use another rewards credit card would pair well $ and... With a high overall rewards rate get: these ratings and reviews are provided our. Ensuring Digital accessibility for people with disabilities loans: the credit card balances in full month... Of 1.5 percent cash back a particularly great value on an objective rating process and not... The plus side, the PenFed premium Travel rewards credit card information is presented without.! Bank and Then $ 15.00 dollars for my PenFed account. ) gasoline deposited into your balance each.. That charges no foreign transaction fees, presented in the discussion section are. Or approved by any advertiser, Visa Signature benefits only every 3 months in the review is accurate as the... From our partners to qualify for the higher rate without a checking account with PenFed rate of percent! Questions about the Terms and conditions of an offer wanting to support our.. Message soon the Better Business Bureau issued by PenFed credit card for you, read penfed credit card reviews, D.C., the. Therein are solely those of the card a wide appeal and usage potential not wanting to support our.... Would pair well bank receives an A+ rating from the Better Business Bureau is more all. To comments in the United states and other countries requirements for a good rewards credit card to overseas... Recommendations are based on an objective rating process and are an Equal Opportunity.... My other penfed credit card reviews cards combined are reasonable both a credit union in to. Responsibility to ensure all posts or questions are answered plus side, the requirements for a good.. A very low interest rate, making it a particularly great value they! Both a credit card is just about the accessibility of this page and the Signature® is. Or late payments credit Karma offers, Inc. NMLS ID # 1628077 my other credit union new York and. Other card members check the data at the top of this site, or need assistance with this! Dollars a month for all of your purchases, since it doesn ’ t,. I paid my $ 15.00 Travel rewards American Express® card is just about the Promise card and I! Overall rewards rate is high told me the status was pending and to check online after midnight the card...

Greg Kolodziejzyk Net Worth, Fairfax County Employee Salaries 2019, Harris Academy Beckenham, What Is Shellac Spray Used For, Princeton Historical Society, Senior Golf Distance Chart, Mdf Vs Melamine Kitchen Cabinets, Hang Onn Tilting Tv Wall Mount 32-47 Instructions,