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PenFed Premium Travel Rewards American Express® Card Review

By Curtis Arnold  Editor-in-chief  | Updated

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PenFed Premium Travel Rewards American Express® Card

This card is no longer available.
Our Rating:   

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

PenFed Premium Travel Rewards American Express® Card Compared to Other Travel rewards Cards

This card is no longer available.
PenFed Premium Travel Rewards American Express® Card
Apply online for Capital One Venture Rewards Credit Card
Apply online for Citi Premier® Card
Apply online for Chase Sapphire Reserve®
Rewards
1-5 points/$1 
Rewards
2 Miles per dollar on every purchase, every day. 
Rewards
Earn 3 Points per $1 spent at Restaurants and Supermarkets. Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels. Earn 1 Point per $1 spent on all other purchases. 
Rewards
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases. 
Rewards
Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year. Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. 
Bonus Rewards
20,000 bonus points when you spend $2,500 within the first 3 months of opening the card account  
Bonus Rewards
60,000 Miles once you spend $3,000 on purchases within 3 months from account opening  
Bonus Rewards
Earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening  
Bonus Rewards
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.  
Bonus Rewards
Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.  
Annual Fee
$0 
Annual Fee
$95 
Annual Fee
$95 
Annual Fee
$550 
Annual Fee
$695 

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