How do I transfer PenFed Platinum Rewards points to travel partners? This question is about the PenFed Platinum Rewards Visa Signature® Card

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

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

Chip Lupo, Credit Card Writer

@CLoop • 06/16/22 This answer was first published on 06/16/22. 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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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.

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How much are PenFed Platinum Rewards points worth?

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

Redemption Method	Average Point Value	Value of 1,000 Points
Travel	0.87 cents	$8.70
Cash Back	N/A	N/A
Gift Cards	0.85 cents	$8.50
Merchandise	0.85 cents	$8.50

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Tips for Maximizing the Value of PenFed Platinum Rewards Points

Redeem points for travel.

PenFed Platinum Rewards points are worth the most when redeemed for travel.

Redeem PenFed Platinum Rewards points regularly.

PenFed Platinum Rewards points expire 60 months from the end of the billing cycle in which they're earned.

Keep your account in good standing.

If PenFed Credit Union closes your account because of a failure to pay the bill or fraudulent activity, you’ll lose any unredeemed points you have saved.

Redeem before closing your account.

Any points you don’t redeem before closing your account will be lost.

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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 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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