PenFed Credit Cards Reviews | Pentagon Federal Credit Card
PenFed (Pentagon Federal) Credit Cards Reviews
Not many folks realize this, but PenFed has a range of pretty good credit cards that are available to PenFed members. Even if you have no family members who are part of the military, you can still join PenFed for a $20 one time fee and apply for the following cards.
The PenFed VISA Platinum Gas/Cash Rewards Card is one of the better cash rewards cards in the market today. You earn 5% rebates on gasoline spending and 2% rebates on supermarket spending. On other regular purchases, you earn the standard 1% rebates for every dollar that you spend. There are no annual fees and tiers and you also get your cash rebates every month.
The PenFed Premium Travel Rewards American Express® Card is PenFed's rewards credit cards. It is one of the rare cards that allow you to earn 5 points for every dollar you spend on airfare purchases. From now till the end of the year, you also earn 3 points for every dollar you spend on hotels. Card members also have access to 600+ Luxury VIP Global Airport Lounge Access with $15,000 annual spend on the card. It also comes with a conciege service and has no foreign transaction fee. Spend $650 in the first three months and you get 20,000 bonus points.
The PenFed Promise VISA Card will appeal to folks who want a card with a low interest rate. At present, new card members can get a balance transfer rate of 7.49% for 36 months (with no balance transfer fee). Like all Penfed cards, there is no foreign transaction fee, which also makes it ideal for folks who travel.