PenFed Premium Travel Rewards American Express® Card
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
Earn 20,000 Bonus Points when you spend $2,500 in the first 3 months of opening your account
Transfer: 0% for 12 mos
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
Foreign transaction fee
Recommended credit score
Not sure which card is best for you?
By Tim Chen
Editor's overall rating
Pros and cons
No annual fee
0% promotional rate for 12 months on transfers made between October 1, 2017 and December 31, 2017.
No foreign transaction fee
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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.
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