PenFed Premium Travel Rewards American Express® Card Voted Best Travel Card in U.S. by Credit.com

ALEXANDRIA, Va., July 19, 2012 /PRNewswire/ -- The financial services, education and news website Credit.com recently named the Premium Travel Rewards American Express® Card as The Best Travel Rewards Credit Card in America.

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PenFed (Pentagon Federal Credit Union) was the first credit union in the U.S. to offer an American Express® Card to its members. Since its launch in 2009, the PenFed Premium Travel Rewards American Express® Card is now frequently recognized as one of the leading travel reward cards available; offering 25% more value per point than almost all other travel and frequent flier programs when redeeming for airline travel.  

Credit.com chose the PenFed Premium Travel Rewards American Express® Card as its top pick for "Best Travel Card" in the U.S. because features such as a new, competitive variable 9.99% purchase and cash advance APR*, no annual or foreign transaction fees, and no caps on the rewards cardmembers can earn—all add up to make the Card a highly competitive contender when compared to many other travel reward card programs currently available in the marketplace. Additionally, cardmembers earn 5 points on airfare purchases and 1 point on all other purchases every time they use the Card.

"PenFed is committed to designing practical products with built in ease, and this Card is a great example of that winning combination," says Kevyn Myers, Executive Vice President, Card Services, PenFed.  "When it comes to offering the best rates, the best value, and best selection of financial products and services to its membership, I think PenFed grabs the gold ring every time."

For more information about how to become a PenFed member and apply for the PenFed Premium Travel Rewards American Express® Card, visit PenFed.org or call 800-247-5626.

About PenFed (Pentagon Federal Credit Union)

Established in 1935, PenFed is one of the largest credit unions in the United States with over a million members and more than $15 billion in assets. PenFed provides an extensive selection of financial products including mortgages, automobile loans, credit cards, checking/savings accounts and other personal loans to its members worldwide. Its core membership includes the Department of Defense, Army, Marine Corps, Navy, Air Force, and Coast Guard; Department of Homeland Security personnel, employees or volunteers of the American Red Cross, numerous military associations, and many others. PenFed is federally insured by the National Credit Union Administration and is an equal housing lender.

Rate and offers current as of July 2012 and are subject to change.

*Variable 9.99% APR 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 transfers - 4.99%, a promotional rate on transfer made from July 1, 2012 through August 31, 2012, for the life of balance.  After that, the APR for any new balance transfers will be a variable 9.99% APR and will vary with the market based on the Prime Rate.  There is no balance transfer fee on transfers made between July 1, 2012 and August 31, 2012. The fee for balance transfers made after August 31, 2012 will return to 3% (Min $10 - Max $250) per transaction. This transaction is subject to credit approval.

This 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.

SOURCE Pentagon Federal Credit Union