ktmrfs wrote:
az99 wrote:
wny_pat wrote:
And I get an additional 5% back using my PenFed Rewards credit card when used at the pumps.
Not any more. As of 8/16/13 they changed without notice to their customers of the Platinum Rewards card. You still get 5 points per dollar spent but now to redeem the points you need 11,800 points to get $100 back. They increased the points needed by 18%. That nets to about 4.1% actual cash back. Very deceptive since they know most people relate points to $.
depends on which pen fed card you have. the pen fed I have doesn't give ANY points, just a straight 5% credit each month on fuel purchases swiped at the pump. Just got a bill and still the same 5% credit at the end of the month. Mine doesn't give anything back or point etc. on non fuel or non swipe at the pump purchases.
Cash rewards is definitely going down to 3% after Oct 31. And the Visa Rewards is most likely going down to 3/2/1% after Dec 31. But there is still a chance that it may stay the same, from what I was told. Check the Pen Fed web site!