TYSONS, Virginia, July 1, 2021 / PRNewswire / – PenFed Credit Union, the nation’s second-largest federal credit union, today announced even more awards for its award-winning business PenFed Platinum Rewards Visa SignatureÂ® card. The no-charge card, which offers reward points on all purchases and 5x points on gasoline purchases paid at the pump, now offers members 5x points for purchases made at EV charging stations and 3x points at restaurants, supermarkets (including most Target and Walmart locations) and via TV / radio / cable streaming services. New cardholders who spend $ 1,500 during their first 90 days will also receive 15,000 points.
âWhether our members eat out, shop, or charge their electric vehicles, we are proud to help make everyday shopping more rewarding,â said PenFed’s senior vice president of consumer products. Sumeet Bhalla. âAs more Americans return to the activities they love, such as sporting events, travel and dining, PenFed cardholders will benefit from the platinum standard for rewards. “
Cardholders also benefit from an unlimited number of points, no rotation category, no minimum and no expiration of points. Platinum reward points can be redeemed for gift cards for shopping, dining and entertainment, and travel through the PenFed Rewards catalog and for shopping.
Additional features and benefits of the PenFed Platinum Rewards Visa SignatureÂ® card include:
- 1x Points ** on all other purchases.
- No foreign transaction fees.
- 0% Promo APR Balance Transfers for 12 months, 3% fee applies to each transaction. Subject to credit approval.
To learn more about how the PenFed Platinum Rewards Visa SignatureÂ® helps members earn more on all their daily purchases, visit PenFed Website.
Variable purchase APR: from 13.49% to 17.99%. Your APR will vary depending on the market depending on the prime rate. 0% APR promotional balance transfer rate for 12 months on transfers made from now until September 30, 2021. After that, the APR for the outstanding balance and any new balance transfer will be 17.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will be immediately charged interest on all purchases made with your credit card, unless you pay the account balance in full, including balance transfers, each month on the date payment due date.
** Rewards are only available for new purchases made with the Card: Cash Advances, Account Checks, and Balance Transfers are excluded and do not qualify for Rewards. Certain restrictions may apply. VisaÂ® United States determines which transactions are classified as gasoline pump purchases and supermarket purchases based on merchant category codes. Military commissioners are supermarkets. Fuel purchases for planes and boats receive 1 point per dollar spent. Your card account must be open and in good standing to earn rewards.
About PenFed Credit Union
Founded in 1935, the Pentagon Federal Credit Union (PenFed) is the second largest federal credit union in the United States, serving 2.3 million members worldwide with $ 28 billion in assets. PenFed Credit Union offers market leading certificates, checks, credit cards, personal loans, mortgages, auto loans, student loans, and a wide variety of other financial services. Our mission is to empower members of our community to achieve their financial well-being. PenFed Credit Union is federally insured by the NCUA and is an equal housing lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an equal employment opportunity employer.
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SOURCE PenFed Credit Union