Posted on January - 09 - 2012
NEW: PenFed Platinum Rewards Card Offers $250 Signup Bonus
Mark your calendars! Starting in February, Pentagon Federal Credit Union is rolling out their new Platinum Rewards Card, which offers 5% back on gas purchases, 3% back on supermarket purchases, and 1% back for all other purchases. With perks like this and no annual fee, the new PenFed is on par with the best rewards credit cards in the business.
However, the Platinum Rewards Card comes with a signup bonus that unquestionably has both cards beat: $250. You’ll earn 5,000 points the first time you use the card and another 20,000 points when you spend $1,000 in the first 3 months. The Chase Freedom is currently offering a $200 bonus, and AmEx Blue Cash Preferred is offering a $100 bonus.
PenFed Visa Platinum vs. Platinum Rewards
The new Platinum Rewards Card is the latest version of PenFed’s current rewards card, the Visa Platinum. If