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PenFed Premium Travel Rewards American Express® Card Review

Curtis Arnold Curtis Arnold
Editor-in-chief

Full Review

Curtis Arnold Editor-in-chief
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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. This card requires excellent credit. Subject to credit approval the card carries a low introductory balance transfer APR. The post-introductory variable APR for the unpaid balance and any new balance transfers is based on your creditworthiness and will vary with the market based on the Prime Rate. Downside: The fee for balance transfers is 3% per transaction and there is a moderate penalty APR.

PenFed Premium Travel Rewards American Express® Card details

Points or Miles
1-5 points/$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% to 17.99% Variable APR when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate. 
Annual Fee
$0 
see more details ∨

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 6.74 - 14.74
 6.74 - 14.74
 6.74 - 14.74
APR:
  9.99% to 17.99% Variable APR when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
 9.99% - 17.99% Variable
 9.99% - 17.99% Variable
APR Floor:
 None
 None
 None
Intro Rate:
 N/A
 2.99% APR promotional balance transfer rate
 N/A
Intro Period:
 
 Promotional balance transfer rate for 12 Months on Balance Transfers made between April 1, 2015 through June 30, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. 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%(A 3% balance transfer fee applies to each transfer.)  


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 fee.
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 fee
  • Balance Transfers - 2.99% APR promotional balance transfer rate for 12 Months on Balance Transfers made between April 1, 2015 through June 30, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. 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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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

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