Thanks, guys. I appreciate the input.
That PenFed deal just appeared too good for me to ignore, so I applied despite the many turndowns I have been experiencing recently at the big banks. PenFed granted me a $21k line, which is pretty sweet for a card with no annual fee, as well as the full 2% reward. I already have the Access America account with only a couple of bucks in it . . . I mean, literally two bucks. But I’ve never needed to pay a fee, probably because I’m totally a senior citizen. If not for that reason then I do not know why.
For whatever help it might be to others interested in this card:
I have been a PenFed member for a number of years and I had (and have) substantial CD money at PenFed. Then when Valor went belly up and was taken over by PenFed I ended up with still MORE CD dough at PenFed. So, anyway, they have a history on me and they know I do not need money . . . something which the big financial center banks might not know since I do not have any money in those banks.
But I imagine my level of resources at PenFed helped me to obtain this card with a decent credit line. That said, I have only about fifty bucks right now at NFCU and they granted me regardless an even higher credit limit! So who really can say for certain what is going on?
Anyway, this added $46k (total of PenFed and NFCU) of new credit will really help me to make great money with my little side hustle.
BTW, the application process at PenFed was easy and straightforward. I could sort of tell they were drawing heavily from my history with them, as well as from my credit report. Bottom line, if ya want credit, try going to where they know you and (even better) to where you have dough on deposit.