With this card, you earn 1 point per dollar on all other purchases, with no annual fee and no foreign transaction fee. The main disadvantage of this card is that, outside of strong earning potential, it lacks significant advantages.
| Positive points | Negative points |
|---|---|
| Annual fee of $0 | There is a balance transfer fee |
| Earn 15,000 bonus points | No extra benefits |
Redemption options for the PenFed Platinum rewards program do not include cash back and are limited to goods and services, travel, and gift cards. The value of your rewards will vary depending on the specific redemption you choose.
With few major extra benefits, the main event with this card is the generous rewards on everyday spending with no annual fee or foreign transaction fee.
| Benefits | |
|---|---|
|
No fees
|
No foreign transaction fees |
|
Welcome
|
Welcome bonus |
|
Rewards
|
Redeeming rewards |
|
Concierge
|
24/7 Concierge |
Purchase Guarantee
Receive a replacement, repair, or refund on qualifying personally owned items of up to $500 per claim for 90 days from the date of purchase due to covered reasons. Click the button below and apply for your card.
I Want My CardRedeeming Rewards
You can redeem your points for products, services or account benefits by logging in to PenFed.org, accessing your Platinum Rewards account and clicking on "Redeem Rewards" Available options include gift certificates, merchandise or travel.
Expediting on the Road
Get convenient pay-as-you-go roadside assistance for towing, tire changes, jump start, lockout service and more, available 24 hours a day, 7 days a week. Click the button below and apply for your card.
I Want My Card
