PenFed "free" 5% Fuel Cash Back Ending
Per their website this ends with the October billing. So I called and it's actually changing. %5 if you have another qualifying account, or 3% and $25 annual charge. If you have a PenFed card you mig...
Forum Discussion
M GO BLUE wrote:
So with the 3% / $25 annual fee you will have to charge ~ $850.00 on your card annually (and make sure you pay off the balance each month to avoid interest charges) to avoid the annual fee...
In the summertime travel/camping season we've hit over that in a month, several months in a row.
Big thing with any of these rewards cards is to make sure you pay them off every month. Otherwise you'll end up "under water" on rewards vs. interest costs.
We are what are often called "credit card deadbeats" by the CC industry. A name given to those of us who pay off every month and don't pay any interest but collect the rewards.
