PenFed Premium Travel Rewards American Express® Card Review
By Curtis Arnold
Editor-in-chief
| Updated
Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.
PenFed Premium Travel Rewards American Express® Card
CardRatings Editor's Analysis: Pros & Cons
- No annual fee.
- Not only does the card offer a 0% APR for 12 months on balance transfers, but it rewards you for making those transfers with up to a $100 statement credit for qualifying transfers. After the intro period you'll pay 9.74% to 17.99% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
- This card earns just one point per dollar unless you're booking flights (five points per dollar on flights), so it's really not the best card for everyday spending.
Top Features
Rewards
1-5 points/$1
Bonus Rewards
20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account
Annual Fee
$0
FEATURED CARD
Capital One® Venture® Rewards Credit Card
- Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months
- Earn unlimited 2X miles on every purchase, every day
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
- Redeem on travel-from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs
- No foreign transaction fees
PenFed Premium Travel Rewards American Express® Card Compared to Other Travel rewards Cards
PenFed Premium Travel Rewards American Express® Card
Rewards
1-5 points/$1 Rewards
2 Miles per dollar on every purchase, every day. Rewards
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees. Rewards
Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants. Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases Rewards
Earn 2 AAdvantage® miles for each $1 spent at grocery stores, including grocery delivery services. Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases. Earn 1 AAdvantage® mile for every $1 spent on other purchases Bonus Rewards
20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account Bonus Rewards
Earn 100,000 Miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months. Bonus Rewards
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards® Bonus Rewards
Earn 50,000 American Airlines AAdvantage® bonus miles after $2,500 in purchases within the first 3 months of account opening Bonus Rewards
Earn 10,000 American Airlines AAdvantage® bonus miles and receive a $50 statement credit after making $500 in purchases within the first 3 months of account opening. Annual Fee
$0 Annual Fee
$95 Annual Fee
$550 Annual Fee
$99, waived for first 12 months Annual Fee
$0