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Special offers currently available on the PenFed Premium Travel Rewards American Express® Card
20,000 bonus points
When you spend $2,500 within the first 3 months of opening the Card account

Our editor's take

 CardRatings Managing Editor
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This card offers 5 Points on airfare purchases and 1 Point on all other purchases. Card members enjoy a premium collection of travel privileges. If you spend $2,500 in the first 3 months of opening the Card account, you can receive 20,000 bonus points. The card carries a very lengthy, low introductory balance transfer APR. This card requires excellent credit. The post-introductory variable APR is decent. Downside: The fee for balance transfers is 3% per transaction and there is a moderate penalty APR.
Curtis Arnold
Curtis Arnold
CardRatings Editor

PenFed Premium Travel Rewards American Express® Card details

Points or Miles
1-5 pts/$1
Bonus Miles or Points
20,000 bonus points
when you spend $2,500 within the first 3 months of opening the Card account
Purchase APR
9.99% Variable
Annual Fee
$0 
see more details ∨

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 6.74
 6.74
 6.74
APR:
  9.99%
Variable
 9.99% Variable
 9.99% Variable
APR Floor:
 None
 None
 None
Intro Rate:
 N/A
 4.99%
 N/A
Intro Period:
 
 Promotional balance transfer rate for 12 Months on Balance Transfers made between November 01, 2014 through December 31, 2014. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently 9.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval.
 N/A


Finance Calculation Method:
 Average Daily Balance
Default/Penalty APR:
 17.99% Fixed
Default/Penalty Margin:
 N/A
Default/Penalty APR Floor:
 None
Maximum Default APR:
 Fixed
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:
 $0
Foreign Transaction Fee:
 None
Late Fee:
 Up to - $25
(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:
 None
Balance Transfer Fee:
3%  


Notes:

Rebate Description:
 
Special Notes:
 Earn 20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account. Earn 5 points for every $1 spent on airfare purchases and earn 1 point on all other purchases. No annual fee and no foreign transaction fees.
Credit Card More Information:

Card Issued By:
 Pentagon Federal Credit Union
General Correspondence Address:
 PO Box 1432
Card Type:
 American Express
Card Class:
 Platinum
Card Category:
 Airlines, Balance Transfer, Credit Card Deals, Low Interest, Reward, Travel
States Available In:
 ALL
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Pentagon Federal Credit Union says about this card

  • 20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account
  • Earn 5 points on airfare purchases
  • Earn 1 point on all other purchases
  • No annual fee
  • No foreign transaction fees
  • 4.99% APR promotional balance transfer rate for 12 Months on Balance Transfers made between November 01, 2014 through December 31, 2014. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently 9.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval.
  • Chip Enabled for Added Security

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Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

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