Before anyone comments I will make sure to go by the insanely large post about PenFed data points. Now to the good stuff.
TLImage may be NSFW.
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R I love you guys and so far I love PenFed!
After swearing it was high time to enter the garden I made the mistake of researching PenFed and just had to pull the trigger for the American Express Travel Rewards card.
I am a vet so sign up was easy and I knew, thanks to you lovely people, about the ability to app for anything with that one pull so I went for the card and a auto loan refi. I'll discuss each seperately below.
The Amex was immidiately approved with a SL of $5k and APR of 16. something % after intro period. Once it appeared in my online account I applied for a CLI and after roughly 20 mins was approved for a $2k CLI to $7k. This wasn't what I was looking for so I called in and asked to speak to a loan officer regarding my recent CLI. The CSR said he'd get me over to one and aske what he should say I was calling for I mentioned wanting to do a BT on this card but the limit was too low for this. He went to find a LO and the nhe came back on the phone knowing he was trying to find one and while he was looking did I have a specific amount in mind that I wanted to raise the limit to, I said $15k and back on hold I went. He came back a minute later and told me I was approved for the $15k. He did mention that they no longer let customers speak directly to the LOs at the end of the call, something I doubt is true. FWIW I was only looking to BT a max of $5k but he never asked how much I wanted to transfer . Image may be NSFW.
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The car loan was also approved with multiple options of length and APRs. they had a 36mo at 1.8(?)ish percent and a 48 mo at 2.49%. I chose the 48 mo because the 36 month was $80 more out of my monthly budget and while it would save me money in the long run it didn't seem worth it. Anyways this is interesting for a number of reasons that I'll try to be succint about.
1. I was calling for the card and the loan was a just an add on since it didn't cost a pull.
2. I bought my car in 2013 at 8% refinanced with NFCU at 4.6% last year (thanks to you guys), and a year later refinanced again.
3. Called NFCU to see if they could match and told them about the offer. The CSR was like we don't go anywhere near that low so if they're offering it you should take it. We hate to lose your business but you can't pass that up. Love those guys!
Now to resist the call of the wild and rest in the garden. What a month!
