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PenFed Premium Travel Rewards American Express® Card Review
Pros & Cons
- No annual fee
- Not only does the card offer a 0 percent 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.
- This card earns just 1 point per dollar unless you're booking flights (5 points per dollar on flights). If you're looking to rack up points/miles on everyday purchases, look for a card with a higher rewards-to-dollar earning ratio, like the Barclaycard Arrival Plus® World Elite Mastercard® (See Rates and Fees)
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
Regular APR
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. N/A
Annual Fee
$0
Full Review
Curtis Arnold Editor-in-chief
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. 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. (American Express is a CardRatings.com advertiser)
This page was last updated on November 12, 2018
This card compared to other travel rewards cards
Card Name
PenFed Premium Travel Rewards American Express® Card
Rewards
1-5 points/$1
Earn 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
Earn 2 miles per $1 spent at restaurants, on hotel stays and on purchases from United. 1 mile per $1 spent on all other purchases
Bonus Rewards
20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account
Earn up to 50,000 Bonus Points - 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening. Plus an additional 25,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening.
Earn 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open
Regular APR
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. N/A
18.24% - 25.24% Variable
18.24% - 25.24% Variable
Annual Fee
$0
$95
$95
The card is best for eligible members at the Pentagon Federal Credit Union who travel a great deal.
CardRatings.com Editorial Staff
PenFed Premium Travel Rewards American Express® Card details
Balance Transfer Intro APR:
0%
Balance Transfer Intro Period:
APR:
12 monthsBalance Transfer Fee:
3% per transaction
Annual Fee:
$0
What Pentagon Federal Credit Union says about this card
- 0% APR promo balance transfer rate for 12 months, now through December 31, 2017. After that, the APR for the unpaid balance and any new balance transfers will be 9.74% to 17.99%. APR will vary with the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval.
- Rate and offers current as of October 1, 2017 and subject to change.
- Earn 5 points on airfare purchases.
- Earn 1 point on all other purchases
- 20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account
- No annual fee and no foreign transaction fees
- No cash advance fee
- Rates as low as 9.74% APR
- Chip enabled for added security
- Federally insured by NCUA
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The World Of Hyatt Credit Card
- Earn up to 50,000 Bonus Points - 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening
- Earn an additional 25,000 Bonus Points after you spend a total of $6,000 on purchases within the first 6 months of account opening - free nights start at 5,000 points
- Receive 1 free night every year after your cardmember anniversary at any Category 1-4 Hyatt hotel or resort
- Earn an extra free night at any Category 1-4 Hyatt hotel or resort if you spend $15,000 during your cardmember anniversary year
- Get automatic World of Hyatt Elite status for as long as your account is open and 5 qualifying night credits toward your next tier status every year
- Earn 2 qualifying night credits towards your next tier status every time you spend $5,000 on your card
- Earn 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
- Plus, earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
Credit Needed:
Excellent, Good
United℠ Explorer Card
- 40,000 bonus miles after you spend $2,000 on purchases in the first 3 months your account is open
- $0 introductory annual fee for the first year, then $95.
- Earn 2 miles per $1 spent at restaurants and on hotel stays
- Up to $100 Global Entry or TSA Pre✔® Fee Credit
- 25% back on United inflight purchases
- Check your first bag for free (a savings of up to $120 per roundtrip) when you use your Card to purchase your ticket
- Enjoy priority boarding privileges and visit the United Club℠ with 2 one-time passes each year for your anniversary
- Earn 2 miles per $1 spent on purchases from United, and 1 mile per $1 spent on all other purchases
Credit Needed:
Excellent, Good