Forum Discussion
CA_Traveler
Jan 25, 2014Explorer III
TexasH wrote:PenFed has different cards. My PenFed Visa Platinum Cash Rewards card gives me 5% cash back every month off of my fuel purchases. There are no other cash back or rewards that I'm aware of.
Another word on the Pen Fed Card...
The "5%" rebate is a little misleading. You get 5 points for each gallon, but not 5% cash back. The rewards are in Visa prepaid cards (or other cards or merchandise), but it takes 11,800 points to get $100. That makes the actual rebate a touch under 4.25% - still a pretty good deal. When I got mine, it was 10000 points for a $100 card. They changed last year. just a way to reduce the reward without changing your points earned.
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