PenFed Premium Travel Rewards American Express® Card


  • You must be a PenFed member to apply. Not yet a member? It's easy to join!
  • You may be eligible through your employment, association membership, and volunteerism, or by becoming a member of one of our nonprofit partner organizations.
  • Earn 5 points on airfare purchases, and 1 point on all other purchases.
  • Earn 20,000 bonus points when you spend $650 within the first 3 months of opening the Card account—that's worth $200 toward your next round-trip airline ticket.
  • Free LOUNGE CLUB™ membership which provides worldwide airport lounge access (upon spending $15,000 on the Card within a calendar year).
  • Ability to redeem points for a wide-range of rich rewards, including travel, brand-named merchandise, and gift cards at PenFedPremiumRewards.com.
Credit Target Type Annual Fee BT Intro APR Purchase Intro APR Regular APR Rewards
Excellent Credit, Above Average Credit Personal $0 4.99% for Life Of Balance N/A* 9.99% (Variable) Travel

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PenFed Premium Travel Rewards American Express® Card Quick Summary:
This is a travel rewards card, issued by Pentagon Federal Credit Union. You can expect travel related rewards earned for purchases made. This card is intended for consumers, or "personal use" with a nearly perfect credit history. Rates may vary among applicants, however the lowest standard APR is 9.99%* (Variable)*.

Important Rates:
There is a introductory balance transfer offer APR of 4.99% for Life Of Balance*. There is no annual fee for this card.*

Rewards:
This is a travel rewards card, where you can expect to earn rewards for leisure or travel.

Credit Record Needed:
Based on the FICO score recommendation, applicants should have a great or nearly perfect credit record. A FICO credit score of 789 is recommended for a higher chance of approval, but this is not required. There are a number of other factors that this issuer may also consider when making decisions for approval. While your FICO score is usually a very important factor, you may want to consider other areas that may affect a decision for approval. For example, your debt to income ratio, recent credit inquiries, 30+ day delinquencies, or current credit accounts nearing the maximum amount may affect a credit decision.

FICO scores/credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, a credit score alone does not guarantee or imply approval for any Pentagon Federal Credit Union product.

Other Basics:
The grace period listed for the PenFed Premium Travel Rewards American Express® Card is at least 25 days*. So interest charges will not be applied for new purchases during this time if balance is paid in full by the due date. Be aware that some issuers will begin charging interest on cash advances and balance transfers on the transaction date.

American Express acceptance among businesses is moderate, but global. You should not have a difficult time finding businesses that will accept this card as a form of payment.

Approval Rate:
There were 5 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 80% of those applicants were approved.

There have been no approvals in our internal system that we can calculate for this card. This could be due to lack of time that this card has been listed at Finance Globe or from other various factors. As we gain more information about the approval rates, we will update them here. Furthermore, if your FICO score is close to or higher than 789, then your chance of approval may be even greater.

Approval Time:
Approval time for this offer is not listed. You should expect a final credit decision within a couple of weeks, but normally much sooner.

Community Opinion:
Based on community reviews, we found that 100% of 1 user recommend this card.

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