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 when to redeem PenFed Platinum Rewards points.
PenFed Platinum Rewards points are worth 0.86 cents per point, on average. The value of PenFed Platinum Rewards points depends on which PenFed Platinum Rewards credit card you have and how you choose to redeem the points. For example, points from PenFed Platinum Rewards are worth up to 0.87 cents each when redeemed for travel through PenFed Platinum Rewards.… read full answer
PenFed Platinum Rewards Points Value by Redemption Method
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.
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