PenFed Premium Travel Rewards American Express® Card

PenFed Premium Travel Rewards American Express® Card

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

Pentagon Federal Credit Union Premium Travel Rewards Credit Card

PenFed Premium Travel Rewards American Express® Card

Annual Fee

$0

Annual Fee

$95

Annual Fee

$0

Regular APR

9.74% - 17.99% Variable

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Regular APR

13.99% - 23.99% Variable APR

Intro APR

Purchase: None

Intro APR

0% intro APR on Purchases for 12 months

Intro APR

0% on Balance Transfers for 18 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Just tell us some details and see which card matches your needs most.

Just tell us some details and see which card matches your needs most.

NerdWallet review

By Tim Chen

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

    Aw nerds! Looks like this page may be out of date. Head over to our Travel Credit Cards page for updated info.

    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.