Points
| Initial Bonus None |
Base Earn 1 point / $1 |
Max Earn 5 points / $1 |
Earn / Redeem Limit No |
- Earn 5 points per dollar spent on gas purchases.
- Earn 3 points per dollar spent on supermarket purchases.
- Earn 1 point per dollar spent on all other purchases.
- Ability to redeem points for a range of rich Rewards, including merchandise, travel, gift cards or even Visa® prepaid cards at PenFedPlatinumRewards.com.
| Intro Rate 9.99% |
Intro Period until June 2014 |
Regular Rate 9.99% (V) |
| Intro Rate4.99% | Intro Periodfor the life of the balance | Regular Rate9.99% (V) | Balance Transfer Fee None |
| Cash Advance Rate 9.99% (V) |
Cash Advance Fee None |
- Max Late Fee: $25
- Max Overlimit Fee: None
- Max Penalty APR: 17.99% (V)
- Grace Period: 25 days
- Online Response: No
- Foreign Transaction Fee: None
If you currently have the PenFed Platinum Rewards and are satisfied or you like the terms of this credit card offer please let your friends know.
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Before applying for a credit card we recommend that you review and verify the credit card terms and conditions on the credit card company's web site. Please let us know if you find any differences related to the PenFed Platinum Rewards shown on this page.
The card information shown on this page was last updated: April 30th, 2013 at 11:46 EDT
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I have been using the Penfed rewards card for years and I have to tell you that this is one of the best deals out there, IF you can get one. They are picky about who gets to be a member. But the rewards are well worth the hassle of going through all the screening: eg. 5% cash rebates on gas and 3% at the grocery store is just the start of the good stuff. Also since you need to open a Penfed "shares" account to get the card, check out all the Penfed Credit Union offers too! Lots of great deals on car loans and other "freebies" for members only! It's all good! It is not just for Federal employees either. You can join based on how close you are to a military base and/or who in your family was in the military.
January 11, 2013 at 09:59pm
thanks for your input, makes my choices alot easier.
May 30, 2012 at 09:54pm
I’m usually more comfortable getting financial products from big name banks because I feel like they can only pull so much funny business with their national brands on the line, but a recent article recommended the PenFed Platinum Rewards Credit Card for gas purchases, so I decided to check it out nonetheless. You can all quickly check out the details of what it offers, but since making a pro/con list helps me make credit card decisions, here’s mine for the Pentagon Federal Credit Union Platinum Rewards Card: Pros - You get heightened rewards on two of the average consumer’s biggest expenses (gas and groceries). - You can earn gas rewards at any station, making the Pen Fed Platinum Card much more usable than station-specific cards like the Shell Credit Card or the BP Credit Card. - Rewards points are redeemed at a 1% rate (makes it easy to determine how lucrative your points will be). - $250 up front (no explanation needed for why this is awesome). Cons - Would prefer to see the rewards in the form of cash back as opposed to points. - While there is no annual fee to get the Pen Fed Platinum Rewards Card, you do have to pay at least $15 to join the Pentagon Federal Credit Union. Ultimately, you shouldn’t notice much of a difference at all in terms, customer service, etc. with a credit card from a credit union as opposed to a major issuer. Well actually, in the case of the PenFed Platinum Rewards Credit Card, the terms you get for gas purchases are better than any other generic gas rewards card out there, so if you want to lower your gas expenses, it’s a good choice. As a final note, it doesn’t really matter that this card doesn’t offer the most attractive interest rates because you should always pay your everyday expenses (like gas and groceries) in full. You could also use a different card for debt if need be.
March 26, 2012 at 04:15pm