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Consumer (Premium) Card Offer from Pentagon Federal Credit Union.

Basic Information

  • You must be a PenFed member to apply. Not yet a member? It's easy to join!
  • You may be eligible through your employment, association membership, and volunteerism, or by becoming a member of one of our nonprofit partner organizations.
  • Earn 5 points on airfare purchases, and 1 point on all other purchases.
  • Earn 20,000 bonus points when you spend $650 within the first 3 months of opening the Card account - that's worth $200 toward your next round-trip airline ticket.
  • Free LOUNGE CLUB(TM) membership which provides worldwide airport lounge access (upon spending $15,000 on the Card within a calendar year).
  • Ability to redeem points for a wide-range of rich rewards, including travel, brand-named merchandise, and gift cards at PenFed Premium Rewards site.

N/A* Intro APR

N/A*Intro APR Period

Excellent*Credit Needed

25 days*Grace Period

$39.00*Late Payment Fee

APR: 9.99%* Variable
Card Network:American Express®
Card Type:- Co-Branded Card
- Eco-Friendly Card
- Low Interest Credit Card
- No Foreign Transaction Fee Credit Card
- Reward Card

Card Review

Product Rating:
Ratings (5 out of 5)

The PenFed Premium Travel Rewards American Express Card has a built-in rewards programs that allow cardholders to earn points with practically every purchase made using their card. With the opportunity to redeem points for a variety of special offers and opportunities, cardholders are encouraged to use their card as often as possible to earn more.

Cardholders can earn 5 points for every $1 spent on airfare purchases. In addition, cardholders can earn 1 point for every dollar spent on every day purchases. Users can earn as many points as they wish and redeem their points when they wish. There is no limit to the number of points cardholders can earn or receive by using their credit card to purchase items they want or need.

Eligible United States residents looking for a card that allows them the opportunity to travel can easily earn and redeem points to travel anywhere they wish.

The review is prepared by staff. Opinions expressed therein are solely those of the reviewer.

Rewards & Benefits

Reward Types:- Airline Reward Cards
- Other Rewards Cards
- Travel Reward Cards
- Universal Reward Cards
Rewards:- 5 points on airfare purchases
- 1 point on all other purchases
- 20,000 bonus points when you spend $650 within the first 3 months of opening the Card account - that's worth $200 toward your next round-trip airline ticket.

* The points you earn with your Card may be redeemed for all the rewards you expect and quite a few you'll be pleasantly surprised by: select stays at luxury hotels and resorts, tickets to exclusive events, movies, gift cards, merchandise and so much more.
Other Benefits:- Complimentary VIP Membership in Airport Lounges Worldwide
- Comprehensive, World-class Travel Insurance Coverage
- Roadside Assistance and Car Rental Insurance Coverage
- Complimentary 24/7 Concierge Services
- PenFed Travel Privileges
- Premium Hotel Privileges
- Premium Airline Privileges
- Premium Car Rental Privileges
- Premium Cruise Privileges
- Special Travel Offers
Credit Reporting:Yes

Card Finance & Rates

Introductory APR:N/A*
Introductory Period:N/A*
APR on Purchases: 9.99%* Variable
Annual Fee:$0*

Balance Transfers

Balance Transfer:Yes*
APR on Balance Transfer:4.99%
Transfer Fee:2.50%
Minimum Fee:$10.00
Maximum Fee:$100.00
Transfer Period:Life of Balance*

Cash Advances

APR on Cash Advances:17.99%
Cash Advance Fee:0.00%

Other Fees

Additional Fees: Returned Payment Fee: $30.00
Foreign Transaction Fee: None


The information provided for the PenFed Premium Travel Rewards American Express® Card is considered to be accurate at the time of posting (Mar 4, 2013). However, we strongly advise site visitors to check the terms and conditions applicable to the product on the card issuers application page prior to completing an application.

Application Security

Please note that all applications feature secure SSL technology for your online protection.

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