ALEXANDRIA, Va., Feb. 1, 2012 /PRNewswire/ -- Pentagon Federal Credit Union (PenFed) announced today that beginning February 1, 2012; all Cardmembers who use the PenFed Premium Travel Rewards American Express® Card will earn 3 points per dollar spent on all their dining purchases, instead of 1 point*.
Between February 1 and April 30, 2012, those who carry the PenFed Premium Travel Rewards American Express® Card, will earn 3 points per dollar spent on all dining purchases*. This limited-time bonus point offer is in addition to the 5 points on airfare purchases and 1 point on all other purchases that Cardmembers already earn every time they use the Card.
"PenFed has worked very hard to design one of the best travel cards available in the rewards card market today," says Kevyn Myers, Executive Vice President, Collections and Card Services, PenFed. "We feel we have accomplished that goal—as this is an exceptional travel card that is loaded with exceptional value; and one that can truly speak to today's savvy traveler."
The PenFed Premium Travel Rewards American Express® Card is frequently recognized as one of the leading travel reward cards available. The PenFed Premium Travel Reward points program offers 25% more value per point than almost all other travel and frequent flier programs when redeeming for airline travel. Additional features such as a new, competitive variable 9.99% purchase APR**, no annual or foreign transaction fees, and no caps on the rewards cardholders can earn, make the PenFed Premium Travel Rewards American Express® Card a highly competitive travel card contender when compared to many other reward programs currently available in the industry.
For more information about how to become a PenFed member and apply for the PenFed Premium Travel Rewards American Express® Card, visit www.penfed.org or call 800-247-5626.
About Pentagon Federal Credit Union
Pentagon Federal Credit Union (PenFed) is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel, employees or volunteers of the American Red Cross and military associations, and many others in the defense community and their families.
*3 points on dining purchases is valid from February 1 - April 30, 2012. **9.99% APR: Variable 9.99% introductory purchase and cash advance rate capped through June 30, 2014. During this time the rate can only decrease if the Prime Rate decreases. After June 30, 2014, the cap will be removed and the APR will increase or decrease with the Prime Rate. Balance Transfer Rate: 1.99% APR promotional rate for 24 months on transfers made between January 1, 2012 and March 31, 2012. After that, the APR for the unpaid balance and any new transfers will be 9.99% and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. Fee is reduced to 1% (Min. $10 - Max. $250) per transaction for transfers made through March 31, 2012. The fee for balance transfers made after March 31, 2012, will return to 3% (Min. $10 – Max. $250) per transaction. How We Calculate Your Balance: We use a method called "average daily balance" (including new purchases). See PenFed's account agreement for more details. Annual Percentage Rate (APR) on Purchases and Cash Advances: Your APR can change on January and July of each year. Terms, conditions and restrictions apply. Additional details will be provided upon card issuance. Loss of Balance Transfer APR: We may end your promotional Balance Transfer APR and apply the Penalty APR if we do not receive your payment within 60 days of the due date. PenFed Premium Travel Rewards American Express® Card: The PenFed Premium Travel Rewards American Express® Credit Card program is issued and administered by PenFed. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license. Rates: The information on this disclosure is current as of February 1, 2012, but is subject to change. To determine if any changes have occurred since this date, call 800-247-5626.