Penn Fed Credit Card

pnichols wrote:

TenOC wrote:

Thanks -- I looked at the card in the link. It rewards POINTS not cash. Can you convert the points into cash that is applied to you credit card balance or much you use them to purchase items from a list of merchants?

Yep .... points is how we get the refund back.

We have PenFed send us a prepaid VISA gift card at the end of the year and use it for Christmas gifts or other expenses. This VISA gift card is usually for hundreds of dollars because we use the PenFed credit card intentionally throughout the year for almost all gas, all groceries, and almost everything else every month. We do it this way even though we try to pay the card balance off every month so as to pay little or no interest. We consider the accumulation of these points and the annual VISA gift card for them to be just like a savings account.

Thanks, I think I will get one of the same cards you have. I will keep my old PenFed (cash back) card as a backup.