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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
 0% APR promotional balance transfer rate
 N/A
Intro Period:
 N/A
 Promotional balance transfer rate for for 12 Months on Balance Transfers made between July 15, 2015 - August 31, 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 $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:
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 - 0% APR promotional balance transfer rate for 12 Months on Balance Transfers made between July 15, 2015 - August 31, 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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