I've been doing research on the PCR card and different reviews list pros and cons, so on and so forth. But I found that one website stated that the PCR rewards expire in 5 years. So I clicked pretty much everywhere I could find on the Penfed website with no information on this. The PCR card page mentions nothing, the FAQ is silent on this.
So I did a trusty google search and found a document on the Penfed website that confirms that points acutally do expire after 5 years. I don't have the PCR card, so I don't know if this is common knowledge but I think it's pretty pertinant information. I think it should be posted on the main PCR page, but that's just me.
Anyhow just a heads up for those of you with the card, cheers.
Not sure where you got that document from @Openwater but PenFed Power Cash Rewards points never expire as long as the account is in good standing. Just screen-shot these images and included the link to the PCR Rewards agreement. Maybe this policy has changed in a favorable way.
https://www.penfed.org/content/dam/penfed/general/pdf/creditcardpdfs/Visa/Power_Cash_RWDTC_PWR.pdf
*As with many cards, these were in the links under the fine print on the card information page ... "Refer to the Program Rules, Terms and Conditions (PDF) and the Signature Program Benefits (PDF) for detailed information."
I was curious and did a little more poking around. If you go to the link below and click on the pertinent agreements, it appears that the Platinum Rewards and Pathfinder Rewards card agreements both mention a 5-year expiration. However, the Power Cash Rewards program rewards never expire. Three different cards. Three different rewards agreements.
That said, I've found PenFed's website sometimes makes it more difficult to find details than some other lenders.
https://www.penfed.org/forms#cards
@Aim_High wrote:I was curious and did a little more poking around. If you go to the link below and click on the pertinent agreements, it appears that the Platinum Rewards and Pathfinder Rewards card agreements both mention a 5-year expiration. However, the Power Cash Rewards program rewards never expire. Three different cards. Three different rewards agreements.
That said, I've found PenFed's website sometimes makes it more difficult to find details than some other lenders.
https://www.penfed.org/forms#cards
Right, was just doing the same. The 02/20 agreement for Plat Rewards has a five year expiration, the 02/20 for Power does not. Still on the site, the 01/16 agreement for Plat Rewards also has a five year expiration, as does an undated power cash version
So a change was made for one of the cards.
5 years to hold on to cb in covid times seems unrealistic. But good to know
@AverageJoesCredit and @FinStar
I'm a point horder. I'm going to start a new thread about this and see if I'm the only nut bag that likes to horde their rewards.
I don't know whats going on, but I keep posting where I got the info and my post keeps getting deleted for whatever reason.
https://www.creditcards.com/reviews/penfed-power-cash-rewards-card-review/
It said it here. Then google this term "power cash reward point expire" and it's the first link. For some reason the forum keeps making my post disappear.
@AverageJoesCredit wrote:5 years to hold on to cb in covid times seems unrealistic. But good to know
@AverageJoesCredit, did you see my update to the OP's original posting? Power Cash Rewards never expire as long as the card is in good standing. Apparently the 5 years does still apply to PenFed's Platinum Rewards and Pathfinder Rewards, but not to the Power Cash Rewards.