PenFed Premium Travel Rewards American Express® Card

PenFed Premium Travel Rewards American Express® Card Review: Credit Cards

 
Apply for PenFed Premium Travel Rewards American Express® Card
Rating:
Bottom Line:
Redeem points for rewards or cash, must be Pentagon Federal Credit Union member to apply
Full Review:
PenFed Premium Travel Rewards American Express® Card features a generous 5 points per dollar spent on airfare and 1 point per dollar spent on everything else. It also includes a bonus of 20,000 points when users spend $650 in the first 3 months. The only limitation is that you must be a Pentagon Federal Credit Union member to apply, but the benefits are decent enough that if you qualify to be a member you might want to consider this card.

Requires Pentagon Federal Credit Union membership
  • You must be a Pentagon Federal Credit Union member to apply.
  • You can become a member if you are connected with military in any of these ways; Active and Retired Army, Air Force and Coast Guard personnel and family members, Department of Homeland Security, American Red Cross, MOAA and ROA, Veterans of Foreign Wars, National Military Family Association.

Rewards
  • Earn 20,000 bonus points when you spend $650 in the first 3 months.
  • Earn 5 point for every $1 spent on airline purchases.
  • Earn 1 point for every $1 spent on all other purchase.
  • VIP airport lounge access with $15,000 in annual spend.
  • Complimentary concierge service.

Redeem Rewards
  • Redeem points for a variety of rewards including merchandise, travel, special events and even for making charity donations.

Fees and APR
  • No annual fee.
  • Purchase APR: 9.99% APR.
  • Balance Transfers: 1.99% introductory APR for first 24 months, then purchase APR. Balance transfer fee is 3% of the amount of each transfer ($10 minimum fee).


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Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.
 
Card Details:

Purchase APR:9.99%
Features:20,000 points for $650 spent in first 3 mos; 5 points for every $1 you spend on airfare, 1 point for every $1 you spend on other purchases
Annual Fee :None
Credit Needed:Good

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