Find an updated list of PenFed Credit Union promotions, bonuses, and offers here.
Currently, they have a $350 offer.
Table of Contents
About PenFed Credit Union Promotions
PenFed is one of the largest credit unions in the country and offers a range of banking products and services, in addition to credit cards and loans. They serve more than 1.6 million members, including many in the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, and the Veterans of Foreign Wars.
| Eligibility: PenFed is a Credit Union and requires you to become a member before you obtain any products. You will need to maintain a $5 Savings/Share Account as part of your PenFed membership. Membership is open to the following: (1) members of the United States Military and Uniformed Services; (2) employees of the U.S. government; See current membership details |
I’ll review the current offer below.
PenFed Credit Union $350 Car Buying Service & Loan Bonus
PenFed Credit Union is offering a $350 cash bonus when you buy a car with the PenFed Car Buying Service with a PenFed loan.
- What you’ll get: $350 bonus
- Account Type: PenFed Loan
- Availability: Nationwide
- Credit Inquiry: More than likely a hard pull due to it being a loan
- ChexSystems: Unknown
- Opening Deposit: N/A
- Credit Card Funding: N/A
- Direct Deposit Requirement: N/A
- Monthly Fee: N/A
- Household Limit: None
- Closing Account Fee: Not listed
(Expires 04/30/2023)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($350 Bonus), U.S. Bank SmartlyTM Checking ($600 bonus), TD Bank Beyond Checking ($300 Bonus), HSBC Bank Premier Checking ($500 Bonus), Chase Private Client ($2,000 Bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
- For a limited time, receive a $350 cash bonus when you buy a car with the PenFed Car Buying Service with a PenFed loan.
- Loan must be currently active and have at least 2 payments posted in order to qualify for the rebate.
- The $350 rebate will be deposited to the member share savings account within 60 days of receiving the second payment.
- Some benefits not available in NY or NH. Terms and conditions apply.
- Auto Deductible Reimbursement is provided by Voyager Indemnity Insurance Company, an Assurant company.
- The PenFed Car Buying Service rebate of $350 will apply to new and used purchase loan applications with a qualifying vehicle purchase sourced through the PenFed Car Buying Service.
- Applications and Car Buying Service dealership match must be received during the promotional period, between 2/1/2023 and 4/30/2023.
- Dealer originated loans and refinance loans are not eligible for this promotion.
- Loan must be currently active and have at least 2 payments posted in order to qualify for the rebate.
- The $350 rebate will be deposited to the member share savings account within 60 days of receiving the second payment.
- PenFed may discontinue or change the promotion at any time.
- Other restrictions may apply.
PenFed Credit Union $200 Checking Bonus (Expired)
Earn a $200 bonus with PenFed Credit Union!
PenFed Credit Union is offering a $200 bonus when you open a qualifying Checking Account and meet account requirements.
- What you’ll get: $200 bonus
- Account Type: Access America Checking Account
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Opening Deposit: $1,200
- Credit Card Funding: Up to $500 via AMEX CC
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fee: Yes
- Additional Requirements: See below
- Household Limit: None
- Closing Account Fee: Will lose bonus amount if closed within 90 days
(Expires June 14, 2020)
| You can compare this to several great entry level Checking accounts with bonus offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking ($400 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
How To Earn $200 Checking Bonus
- Open a new Access America Checking Account
- Deposit a minimum of $1200
- Make 5 debit card purchases within 90 days of account opening
- Only available to new personal checking members who do not have an existing checking account and qualify for an Access America Account
- Once the criteria are met, the bonus will be credited to the new personal checking account no later than 120 days from account opening
- Account must remain open, active and in good standing (no negative balance) at time bonus is distributed
- PenFed will issue an IRS form 1099 reporting the value of the bonus
- One bonus per member
Bottom Line
Currently, PenFed Credit Union is offering a bonus promotion for qualifying accounts.
If this does not interest you, you can check out more bank bonuses that are available in multiple states for more suitable offers.
CDs and Savings Accounts are a great way to earn and save money. For more information, check out our full list of some of the best Bank Rates and CD Rates nationwide.
Additionally, leave a comment below informing us about your experience with this credit union. Your feedback is highly appreciated and makes our site even better!
*Check back for updated PenFed Credit Union promotions, bonuses, and offers.
YEs, PLEASE UPDATE! This seems to have been pulled by PenFed. Another bonus website shows it as “expired”, there is NO MENTION of a bonus on either the linked PenFed page or anywhere on their wbesite!
Although this website lists the promotion ending 6/14/20, I called them today on 5/27/20 and they stated that this promotion is no longer valid. Skip this one and go to the next promotion.
i got the same answer today (5/28)
Just funded this account with AMEX CC–500$ Max
They do have cc funding. Max 100 for sav and 500 for the checking.