Wednesday, June 16, 2010 - 1:55 PM
Penfed And Its Credit CardPentagon Federal Credit Union
I opened a CD with PenFed a while ago which gave me good returns. I am happy with their customer service too. Unfortunately the rate has come down a lot, and it's not that attractive except the 7 year CD which is 3.51%APY. However, you do need to consider whether or not the CD rate will shoot up later.
I like their visa credit card very much. Frist of all, VISA is accept almost everywhere except the places that doesn't accept any credit card. It rolled back to 1% on all purchases (planned roll back), but it still has 2% on grocery and 5% on gas. The cash return is credited to your credit card every month, instead of waiting for it to accumulate to $50 or $25.
1. Wednesday, June 16, 2010 - 2:49 PM
We also have had one of their reward credit cards for quite a few years. I like that they will debit your checking or savings account and you can pay it in full, a set amount or a certain % each month. We have them debit our reward checking account and use that for our automatic payment to obtain the higher interest. Pentagon Credit Union will still mail the bill monthly.
183 posts since
Jan 16, 2010
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2. Wednesday, June 16, 2010 - 4:57 PM
I have the PenFed Visa too. It's my favorite card by far--especially at the gas pump!
21 posts since
May 22, 2010
Rep Points: 82