That’s a fair question and I can understand why it might be asked, but the answer is, no. The biblical covenants are the common property of every believer. We might differ at points in our interpretation, but the reality is that we all have a theology of the covenants.
John Feinberg has written, “The term and concept of a dispensation… is no more distinctive to Dispensationalism than talk of covenants is distinctive to Covenant Theology.” And then he added, “Dispensationalists talk about covenants all the time.” [1]
And in that sense, we all have a covenant theology!
As we continue to sketch an outline of a Dispensational Federalism, I need to stress again, that this is not an attempt to merge Dispensationalism with Covenant Theology; but to state what we have always believed about the covenants within the wider spectrum of covenantal views.
I firmly believe that the strongest argument for Dispensationalism is found in our understanding of the biblical covenants.
[1] Continuity and Discontinuity, Systems of Discontinuity, John Feinberg, p69.
Dispensational Federalism 