PenFed Premium Travel Rewards American Express Card

Expert's Rating:

This card offers 5 Points for every $1 spent on airfare and 1x Point for every $1 spent on virtually everything else. Cardmembers enjoy a premium collection of travel privileges. Redeem your rewards on any airline with no blackout dates or restrictions. If you spend $650 in the first 3 months, you receive 20,000 bonus points. The card carries a very lengthy, low introductory purchase and balance transfer APR. This card requires excellent credit. The post-introductory APR is decent. Downside: You pay a balance transfer fee of 3% (minimum $10 and maximum $250) and a moderate penalty APR.

Credit Card Rate Information:

Purchase

Balance Transfer

Cash Advance

Index:

Prime

Margin:

6.74

APR:

9.99%*

9.99% Variable

APR Floor:

None

Intro Rate:

9.99%*

4.99%

9.99%

Intro Period:

through June 30, 2014

4.99% promotional rate for the life of the balance for transfers made between April 1, 2012 and June 30, 2012.

See notes

Finance Calculation Method:

Average Daily Balance

Purchase Grace Period:

25 days

Default/Penalty APR:

17.99% Fixed

Default/Penalty Margin:

N/A

Default/Penalty APR Floor:

None

Maximum Default APR:

17.99%

Penalty/Default Trigger:

If your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable Penalty APR. The Penalty APR will remain in place until you make three consecutive monthly payments on or before the due date.

Credit Card Fee Information:

Annual Fee:

None

Foreign Transaction Fee:

N/A

Late Fee:

Up to $10 if balance is less than $1000; Up to $20 if balance is $1000-$2000; Up to $25 if balance is greater than $2000

Over-the-limit Fee:

N/A

Balance Transfer Fee:

3.% (minimum $10, maximum $250) per transaction.*

Cash Advance Fee: