CardRatings Editor's Analysis: Pros & Cons. A low ongoing APR along with a nice intro bonus and a lack of fees overall make this card a winner. There's a low APR on balance transfers for the first 12 months. Earn a $100 bonus after spending $1,500 on purchases in the first 90 days of account opening.
Wells Fargo Platinum card
It gives introductory APRs of 0% for 18 months on purchases and qualifying balance transfers, with a $0 annual fee and a balance transfer fee of 3% intro for 120 days, then up to 5% (min $5). The Wells Fargo Platinum card doesn't have the lowest regular APR: 16.49% - 24.49% Variable.
You need a 700+ credit score for PenFed credit card approval.
The PenFed Platinum Rewards Visa Signature® Card earns generous rewards on everyday categories you're likely to use; 5X back on gas is among the best rates you can find in that category, earning this card a spot in NerdWallet's best gas credit cards. There's no spending cap in those bonus categories either.
Yes, it is hard to get a PenFed credit card. As of July 2020, all of PenFed's main credit card offers require excellent credit for approval, or a score of 750+. ... Another factor that makes it hard to get a PenFed credit card is that you can't apply for the card without first becoming a member of the credit union.
A good APR for a credit card is 14% and below. That's roughly the average APR among credit card offers for people with excellent credit. And a great APR for a credit card is 0%. The right 0% credit card could help you avoid interest entirely on big-ticket purchases or reduce the cost of existing debt.
You can negotiate a lower interest rate on your credit card by calling your credit card issuer—particularly the issuer of the account you've had the longest—and requesting a reduction.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The PenFed site uses FICO's NextGen score, which produces scores between 150-950 points. This is different from the other FICO modeling, which uses scores between 300-850.
Re: How long does it take to process Application for PenFed Card? Somewhere between instant and 10 days.
You can get a PenFed Platinum Rewards card credit limit increase by requesting it online or by calling (800) 247-5626.
PenFed personal loans are some of the best on the market, and anyone can join PenFed to apply. The loans aren't completely flawless, though. Below, you can see how WalletHub rates PenFed personal loans in our three major categories: Terms, Requirements & Application, and Reviews & Transparency.
Re: Which PenFed Card gave you the highest Credit Limit? You will get a high limit!
Yet No Comments