The PenFed Visa® Platinum Cash Rewards Card is currently offering a 4.99% Promotional APR for 24 months on all balance transfers (along with waived balance transfer fees) until December 31, 2011. In addition to this amazing offer, the card features a 5% cash back on gas purchases and 1% on all other purchases, making it one of the best cash rewards gas cards out there. There is no minimum or maximum amount of reward you may receive, and this rebate will be automatically credited to your account each billing cycle.
- You must be a PenFed member to apply. Not yet a member? It’s easy to join!
- You may be eligible through your employment, association membership, and volunteerism, or by becoming a member of one of our nonprofit partner organizations.
- Earn 5% cash back on gas purchases paid at the pump and .025% on all other purchases.
- Cash rewards automatically awarded to your account every month with no caps.
Pentagon Federal Credit Union serves over one million members in the military and is one of the strongest and safest financial institutions with more than $15 Billion in assets and branch locations in the Washington, D.C. area, Hawaii, New York, Texas, and North Carolina, as well as overseas. Membership is open to any branch of the military, US government employees, or the family or household of existing members. Not a member of the military? No problem. You are eligible for membership through your volunteerism (e.g. The American Red Cross), or you can also join by making a one-time donation of $20 to the National Military Family Association (NMFA).
With no annual fee, exceptionally low promotional balance transfer APR, and one of the highest cashback rewards rate on the market, the PenFed Visa® Platinum Cash Rewards Card is definitely a card to have if you have excellent credit and are wanting a high rebate gas card.
Beware that PenFed recently increased the cost of redeeming rewards so the return is less than 4.5% on gas. A better card to consider is the Sallie Mae Mastercard that offers a true 5% cash back and not gimmicky points that can be inflated.
good idea Eric!