The PenFed Premium Travel Rewards American Express credit card is currently offering a $ 200 gift card bonus promotion when you spend $ 2,500 in the first 3 months, and anybody can qualify for membership with the Pentagon Federal Credit Union.
Updated April 17, 2015: Please note that gift card redemption rates have been devaluated since I originally published this article back in 2012. I updated the article today, but did not update the gift card redemption rate value by accident. I will further research the current rates and update this article again appropriately. I apologize for any confusion this may have caused.
You’ll earn 20,000 bonus points when you spend $ 2,500 within 3 months of opening your account, which is redeemable for $ 200 in gift card rewards at popular merchants.
Anyone Can Qaulify for PenFed Membership
Anyone can qualify for PenFed membership by joining Voices for America’s Troops for only $ 14 right now (usually $ 15 per year), which gives you access to the Pentagon Federal Credit Union (you could probably cancel your Voices membership after the first year, although it’s a great cause).
You could also join the AFCEA or a number of other organizations in order to qualify.
Otherwise, PenFed membership is generally for United States Military and Uniformed Services, employees of qualifying organizations, employees of the United States Government, relatives or housemates of eligible individuals, members of organizations, and those who live or work in eligible locations.
You must be a Pentagon Federal Credit Union member to apply, but if you’re not a member, it’s easy to join and qualify for a Pentagon Federal Credit Union Credit Card.
How To Apply for the PenFed Premium Travel Rewards American Express Card
You can apply for the PenFed Premium Travel Rewards American Express Card by logging in to your PenFed online account.
Just log in to your account to apply for your card online.
PenFed Premium Travel Rewards American Express Card Benefits
This PenFed Premium Travel Rewards card has no annual fee, so you can get your $ 200 bonus without ever having to pay an annual fee.
You’ll also earn 5 points per $ 1 on airfare purchases and 1 point per $ 1 on all other purchases.
There is no limit to the points you can earn, so the more you use the card, the more you are rewarded.
Plus, you’ll get the 20,000 bonus points when you spend $ 2,500 within the first 3 months of opening your card account.
Your 20,000 bonus points can be redeemed for gift cards from leading merchants, restaurants, and service providers including Avis, Budget, Bath & Body Works, Borders, Foot Locker, Dave & Buster’s, Panera Bread, Ruth’s Chris Steak House, and many others.
For most gift cards, the exchange rate is 5,000 points per $ 50 in gift cards, so you’ll get $ 200 worth of gift cards for your 20,00 bonus points.
You will also get 2 complimentary Lounge Club visits at airports around the world upon spending $ 15,000 on the card in a calendar year.
Take advantage of this Credit Union Credit Card Offer to get a cash reward with your new PenFed travel rewards credit card.
Check out these additional Credit Card Bonus Offers if you are not a Pentagon Federal Credit Union member.
Get $ 200 in bonus cash with the PenFed Premium Travel Rewards credit card today.