What is the best way to use PenFed Platinum Rewards card points? This question is about the PenFed Platinum Rewards Visa Signature® Card

What is the best way to use PenFed Platinum Rewards card points?

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This question is about the PenFed Platinum Rewards Visa Signature® Card

Chip Lupo, Credit Card Writer

@CLoop • 09/21/22 This answer was first published on 09/21/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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

Travel: 0.87 cents per point
Gift Cards: 0.85 cents per point
Merchandise: 0.85 cents per point

You can learn more about the best ways to use PenFed Platinum Rewards card points from WalletHub’s PenFed Platinum Rewards review.

Answer Question

How can I redeem my PenFed Platinum Rewards Visa points?

All you have to do to redeem your PenFed Platinum Rewards Visa points is visit this page.

Log into your PenFed Online Account, select “View Rewards Point Balance,” click “Access my Rewards” -- and then browse and redeem.

You can redeem your points for merchandise, travel, gift cards, Visa prepaid cards but also for cash back and one PenFed point is worth one cent.… read full answer

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How do I transfer PenFed Platinum Rewards points to travel partners?

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 answer when to redeem PenFed Platinum Rewards points.

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How much is the PenFed Platinum Rewards annual fee?

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.

PenFed Platinum Rewards Fees

Annual Fee: $0
Cash Advance Fee: 0%… read full answer

Foreign Fee: 0%

Balance Transfer Fee: 3%

Max Late Fee: $28

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