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02-19-2018, 03:38 PM
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#181
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,659
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Quote:
Originally Posted by MJ
I've had my 5% gas cashback card for about 13 years.
Darn, I must have missed the cash card you have giving you also 3% cashback on groceries while I was living in Thailand.
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I had the 5%-3%-1% deal too. I've been a member for probably 15 years. I called and wrote letters, but they wouldn't let me keep that deal. I had to choose one of the three categories for cash back. I chose 5% on gas.
I got a very nice letter back from the CEO (or whatever they called him) at one point, but they wouldn't budge.
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02-19-2018, 03:44 PM
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#182
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 881
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Quote:
Originally Posted by MJ
PFCU has gone down the drain over the last few years. I got a whole bunch of PFCU money maturing in December. The only good thing I have from them is their old CC that I get 5% cashback. The only (good) problem is that I only spend about $25 to $35 a month on gas.
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Unless, Penfed has changed the rules, You really do not get " 5% " on gas purchase. Example: $50 penfed reward gift card. Requires, 5880 pts.
Penfed use to have good benefits as well as high CD rates. Not any more.
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02-19-2018, 03:51 PM
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#183
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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The PenFed Platinum Cash Rewards Visa card pays 5% cash back on at-the-pump fuel purchases. Although it looks like it is no longer offered, I've had it for years (had to jump through some hoops to keep it when they tried to convert it to a points card in 2012).
__________________
Numbers is hard
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02-19-2018, 03:56 PM
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#184
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Quote:
Originally Posted by braumeister
Possibly. I've had this card for at least 23 years; that's as far back as my records go.
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Here I thought I had an old CC.
That probably means when I got my 5% cashback 13 years ago, your CC was no longer available.
__________________
I look to the present moment because that's where I live my life.
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02-19-2018, 04:06 PM
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#185
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Posts: 2,659
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[QUOTE=MJ;2014885]
That's the "new" plan. There's no set value for a "point." But I can guarantee it's less than the former 5% cash back. Where do you suppose the difference goes? I'd be willing to wager that "to a for-profit 3rd party" would be in there somewhere.
Not exactly sure who would think this is a good thing for the CU members.
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02-19-2018, 04:31 PM
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#186
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,353
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In all fairness, I have to admit that we hardly ever use the PenFed Visa for anything but gas. That 5% cash back is the best deal around. Since DW and I both do a lot of driving, we get a nice bonus. We have just trained ourselves to automatically use that at every gas pump.
For most other purchases, we use the Fidelity Visa with 2% cash back on everything. It's nice to see that cash spontaneously deposited in my FIDO cash account.
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02-19-2018, 04:46 PM
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#187
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by braumeister
In all fairness, I have to admit that we hardly ever use the PenFed Visa for anything but gas. That 5% cash back is the best deal around. Since DW and I both do a lot of driving, we get a nice bonus. We have just trained ourselves to automatically use that at every gas pump.
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Same here, only use the PenFed card for fuel. As an RVer, it is really nice to get that 5% back on all the diesel we buy on our trips.
We use our USAA Limitless 2.5% Cashback Visa for everything else except Amazon purchases, where we get 5% using the Amazon Prime card.
__________________
Numbers is hard
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02-19-2018, 04:52 PM
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#188
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,141
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Quote:
Originally Posted by wolf
Unless, Penfed has changed the rules, You really do not get " 5% " on gas purchase. Example: $50 penfed reward gift card. Requires, 5880 pts.
Penfed use to have good benefits as well as high CD rates. Not any more.
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Mine really does pay 5% cash back, not points..
__________________
Retired since summer 1999.
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02-19-2018, 05:51 PM
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#189
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,215
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Quote:
Originally Posted by braumeister
In all fairness, I have to admit that we hardly ever use the PenFed Visa for anything but gas. That 5% cash back is the best deal around. Since DW and I both do a lot of driving, we get a nice bonus. We have just trained ourselves to automatically use that at every gas pump.
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Yep, same here. We always use the PenFed Visa for gas, but use a Capital One mastercard (1.5% cash back on all purchases) for everything else.
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