Forum Discussion
BobGed
Jan 22, 2014Explorer
PenFed has two cards that would be of interest to RVers.
Platinum Rewards Signature Card that currently offers the following if you have a qualifying product (see below):
5 points - fuel purchases at the pump by card swipe
3 points - supermarket purchases
1 point - all other purchases
After 4/4/14 the rewards will change to:
3 points - fuel purchases at the pump by card swipe
2 points - supermarket purchases
1 point - all other purchases
Points can be redeemed for products, gift cards and prepaid Visa cash cards.
Then they have their Platinum Cash Rewards Card that offers the following:
5% cash back (credited to your monthly invoice) - fuel purchases at the pump by card swipe.
There is a $25 annual fee after the first year, which can be avoided altogether by obtaining one of the following PenFed products:
Qualifying products:
• Active checking account with direct deposit ($250 min.)
• Money Market Certificate or IRA Certificate
• Mortgage
• Installment loan
• Equity Loan or Equity Line of Credit with a balance
• Thrifty Credit Service
• Personal Line of Credit
• Education Line of Credit
• Money Market Savings Accounts
Platinum Rewards Signature Card that currently offers the following if you have a qualifying product (see below):
5 points - fuel purchases at the pump by card swipe
3 points - supermarket purchases
1 point - all other purchases
After 4/4/14 the rewards will change to:
3 points - fuel purchases at the pump by card swipe
2 points - supermarket purchases
1 point - all other purchases
Points can be redeemed for products, gift cards and prepaid Visa cash cards.
Then they have their Platinum Cash Rewards Card that offers the following:
5% cash back (credited to your monthly invoice) - fuel purchases at the pump by card swipe.
There is a $25 annual fee after the first year, which can be avoided altogether by obtaining one of the following PenFed products:
Qualifying products:
• Active checking account with direct deposit ($250 min.)
• Money Market Certificate or IRA Certificate
• Mortgage
• Installment loan
• Equity Loan or Equity Line of Credit with a balance
• Thrifty Credit Service
• Personal Line of Credit
• Education Line of Credit
• Money Market Savings Accounts
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