The best way to use PenFed Platinum Rewards Visa Signature® Card points is for travel. PenFed Platinum Rewards points are generally worth 0.87 cents per point when redeemed this way, which is more than the other redemption methods provide.
Ways to Redeem PenFed Platinum Rewards Card Points
PenFed Platinum Rewards cardholders cannot transfer points to travel partners such as hotels and airlines. Instead of transferring to travel partners, people with the PenFed Platinum Rewards Card can redeem points for travel-related expenses through PenFed.
The best way to redeem PenFed Platinum Rewards points is by spending them on travel. This will get you up to 0.87 cents per point. Also, remember that if you have multiple PenFed cards, you cannot pool your points. Keep this in mind to help determine … read full answerwhen to redeem PenFed Platinum Rewards points.
The PenFed Platinum Rewards annual fee is $0 per year. PenFed Platinum Rewards’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the PenFed Platinum Rewards Visa Signature® Card, though.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.