I got my Platinum Rewards Card sometime within the last year. Looking at the PenFed website, it appears they no longer offer the "old" rewards card...now they have something called the Platinum Rewards Visa Signature Card which shows the point values being less beginning in 2014.
I was already upset because when I applied for my card I swore the website was still advertising bonus points for signing up and initial spending, up to a $250 value, but after I got my card and started using it the bonus points never showed. Called PenFed and they said the bonus point promotion was over. I decided to keep the card because their points for gas and groceries were still better than the other cards I have. I hope they don't change my point system now. If so I may start looking for another card.