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If you have a Penfed Platinum Cash Rewards card please read this ...

Regular Contributor

Re: If you have a Penfed Platinum Cash Rewards card please read this ...

So they're going to charge us a $25 annual fee if we don't have another PenFed product???

 

Zar Smiley Happy

Message 21 of 24
Frequent Contributor

Re: If you have a Penfed Platinum Cash Rewards card please read this ...


Zar wrote:

So they're going to charge us a $25 annual fee if we don't have another PenFed product???

 

Zar Smiley Happy


Correct.

 

Stolen from the PenFed website:

 

HOW TO QUALIFY FOR THE PLUS CARD

**You can earn 5% on gas purchases paid at the pump and avoid an annual fee by obtaining a qualifying PenFed product:

  • Active checking account with direct deposit ($250 min.)
  • Money Market Certificate or IRA Certificate
  • Mortgage
  • Installment loan
  • Equity Loan or Equity Line of Credit with a balance
  • Thrifty Credit Service
  • Personal Line of Credit
  • Education Line of Credit
  • Money Market Savings Accounts

 

TU98 751, EQ 766, EX 766 (Lender)

If at first you don't succeed; Garden for 6 months, then try again.

Work the system. Don't let the system work you.
Message 22 of 24
Super Contributor

Re: If you have a Penfed Platinum Cash Rewards card please read this ...

So while it looks like you can keep 5% on the Cash Rewards, from the website it looks like this isn't possible on the new Plat Rewards Sig, you just get that till the end of the year.    Not sure who would sign up for that rather than Cash Rewards once they realize how easy it is to get the Plus version.

Message 23 of 24
Established Contributor

Re: If you have a Penfed Platinum Cash Rewards card please read this ...

I'm interested to see what happens to the Platinum rewards card.

Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward,
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
Message 24 of 24