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
louiskathy wrote:
We got the same email.. it said that we needed to pay a $25 yearly fee to keep getting the 5% deal on the fuel purchases.
I called them and found out that if you have an employer and start a minimum of $250 direct deposit a month into your Pen-Fed acct, they won't charge a yearly fee and will keep giving you 5% on fuel purchases.
You can also do a Money Market CD with them for $1000.
6 month pays .3% and 1 year pays .5%
that will move you into a status that eliminates the $25 yearly fee and keeps the 5% on gas purchases.
We are taking advantage of the $1000.00 MMCD to keep the freecard. Elected to go with a 2 yr account at 1.25% Better then our MM at a bank.
