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|Topic Review (Newest First)|
|12-20-2011 04:46 PM|
|lindend||Got approved for PenFed Visa (5% discount on gas) today. Since they pulled Equifax and that is good for another 90 days without another hard pull, I'm wondering if I should just go ahead and apply for the PenFed Amex. Problem is, I don't really like their premium rewards options (I'm getting 2% on the Costco Amex for flights versus PenFed's 5%, BUT the Costco gives me cash not some gift I really don't want).. Is there some super secret way to get a Paypal giftcard or some type of cash back on this beast?|
|12-04-2011 09:56 AM|
The terms are pretty straightforward. You get access plus 2 guest passes with 15k annual spend. If they're charging you, you might be on different terms or you might need to call up Penfed and see why you're getting charged. Older version of this card had a $50 annual fee, too, but this doesn't.
|12-04-2011 09:47 AM|
|jonnyt41||I have this card. Pretty sure you have to pay $27 per person to use the lounges. Though I've gotten 2 free passes the last two years.|
|12-04-2011 09:09 AM|
|tomfjord||Bump for more credit card knowledge|
|12-03-2011 08:10 PM|
|slickyrickyross||If I didn't just sign up for the true earnings Amex Card, I'd be all over this, TU|
|12-03-2011 08:09 PM|
|tomfjord||This actually sounds like a good deal for free lounge access. Normally takes delta reserve or Amex plat for that. But you do get a business class companion ticket with the other two..|
|12-03-2011 08:03 PM|
PenFed Amex - 20,000 Points with $650 spend in 3 mo/No annual fee/5x airfare points/4.99% APR no fee BT 24 mos
Pentagon Federal Credit Union offers the PenFed Premium Travel Rewards American Express®. You do need to be a PenFed member - you can find how to become one in most other penfed threads on this site.
Link to details/application: https://www.penfed.org/productsAn.../amex.asp#
20,000 bonus points with $650 spend in first 3 months (~$200 value)
5x points on airfare
No annual fee
No foreign transaction fee
4.99% promotional rate for 24 months on balance transfers with no BT fee, for transfers made through December 31, 2011.
Also, if you spend $15k annually, you get airport premium lounge access.
Also, normal other benefits like travel insurance, roadside assistance, concierge, etc. Car rental coverage is worldwide, with no apparent exclusions for Ireland and Israel, unlike Visa/MC/Discover that usually exclude those.
NOTE: These are not normal AMEX Membership Rewards points. This is PenFed's own "PenFed Premium Rewards." I'm guessing it's not as good a program, but you can browse certain redemption options at https://www.penfedpremi
May not be as good as certain other cards, but getting about $0.05 back per $1.00 spent on airfare with no limit is pretty good, considering this is not a "revolving" category.