PenFed Premium Travel Rewards Amex

Monday, November 16th, 2009

PenFed today announced it has teamed with American Express to issue a new American Express-branded credit card, becoming the first credit union in the country to do so. The PenFed Premium Travel Rewards American Express Card will earn 5 points per $1 on all airfare purchases and 1 point per dollar on all other purchases. Until December 31, 2010, dining and hotel purchases will also earn 3 points per dollar spent. In addition, you’ll earn 20,000 bonus rewards points for spending $650 on the card within the first 90 days of membership. Rewards include travel, merchandise, and more. For instance, 10,000 points can be redeemed for a $100 gift card (a value of 1 cent per point).

Those who spend at least $15,000 on the card each year will also receive complimentary membership to Priority Pass, which provides airport lounge access.

There is an annual fee of $50 which is waived for the first year.

For more info or to apply, see this link.

Looking for more? Click here to see more credit cards with great travel rewards. Click here to see more American Express credit card offers.

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