topic Re: Penfed Plat Rewards Point increase AGAIN? in Credit Cards

Penfed Plat Rewards Point increase AGAIN?

Anonymous — Sat, 19 Oct 2013 03:29:31 GMT

Looks like the points required for many rewards have increased again. I've been using up my balance, and two weeks ago on one card I was able to get a $25 TJ Maxx card for 2,500 points (the best 1:1 I could find). Now it looks like nearly all $25 cards are 3,000 points, except for a handful of hot deals that are 2,900.

Prepaid Visas haven't increased, but those are more points than I am willing to keep using the card for, as the levels might change again...

Re: Penfed Plat Rewards Point increase AGAIN?

Cprman — Sat, 19 Oct 2013 04:47:36 GMT

Ya I have...had the Penfed cash reward, they're slashing everyday awards away altogether next month. Penfed must be hurting.slashing rewards everywhere.

Re: Penfed Plat Rewards Point increase AGAIN?

Anonymous — Sat, 19 Oct 2013 06:30:00 GMT

Don't think it is slashing rewards as cleaning gift cards up so they all have same point value.

Re: Penfed Plat Rewards Point increase AGAIN?

takeshi74 — Sat, 19 Oct 2013 13:43:49 GMT

@Cprman wrote:
Ya I have...had the Penfed cash reward, they're slashing everyday awards away altogether next month. Penfed must be hurting.slashing rewards everywhere.

Varies by account holder. Some have been notified that they will be reduced to 3% on gas without a qualifying product. I've only received notice that I'll lose the 0.25% so far.

There seems to have been a fair bit of backlash as PenFed has changed terms slightly. They recently added MM savings to the qualifying products list.