Question about Penfed billing for new account
I recently established a new account with Penfed, to obtain a 3% CD. The cost to enroll was a $15 donation and $5 to go into my newly established account. Total of $20, which is OK. I just have a problem with Penfed calling it a "cash advance". I was expecting just to have a basic $20 "purchase" transaction on my cc statement, not a "cash advance". My credit card is charging me a $5 fee for the "cash advance". Not a huge amount of money, but very annoying.
Anyone else have this "cash advance" on their cc bill for enrolling, and were you expecting it?