PenFed Premium Travel Rewards American Express® Card
PenFed Premium Travel Rewards American Express® Card
PenFed Premium Travel Rewards American Express® Card
Card details
20,000 Bonus Points when you spend $2,500 within 3 months of opening an account.
0% promotional balance transfer rate for 12 Months on transfers made between October 1, 2017 - December 31, 2017.
5x Points** on airline purchases.
1x Points** on other purchases.
No annual fees and no foreign transaction fees
Rates, fees & offers
Annual fee
$0
Rewards rate
1.00%
Bonus offer
Earn 20,000 Bonus Points when you spend $2,500 in the first 3 months of opening your account
Intro APR
Purchase: None
Transfer: 0% for 12 mos
Ongoing APR
Min APR: 9.74%, Variable
Max APR: 17.99%, Variable
Penalty APR: Up to 17.99%, Variable
Cash Advance APR: 17.99%, Variable
Balance transfer fee
3%
Foreign transaction fee
None
Recommended credit score
Compare to other cards
 PenFed Premium Travel Rewards American Express® Card | ||
|---|---|---|
| Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR9.74% - 17.99% Variable | Regular APRSee Terms | |
Intro APRPurchase: None | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Tim Chen
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Rating details
4.5
Editor's overall rating
Pros and cons
Pros
No annual fee
0% promotional rate for 12 months on transfers made between October 1, 2017 and December 31, 2017.
No foreign transaction fee
Cons
The PenFed catalog offers plenty of redemption options where a point is worth one cent, so that means you’re earning 5% on airline ticket purchases and 1% elsewhere. They also offer redemption options for most major airlines, so you can earn free flights without being restricted to frequent flyer programs. Finally, they have a 0% foreign transaction fee. Additionally, since this is a credit card and not a charge card, it may be helpful if you ever need to revolve your balance.
The only issue, as with all PenFed cards, is that you have to join the Pentagon Federal Credit Union, or donate $20 to the NMFA.
