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PenFed Reward Cards Now Feature New, Lower Variable 9.99% Purchase APR*
The lower and more competitive variable 9.99% purchase APR* is now available on the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Rewards Card.
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ALEXANDRIA, Va., Jan. 19, 2012 /PRNewswire/ -- Staying true to course to bring every day value to its cardholders, Pentagon Federal Credit Union (PenFed) announced today that as of January 15, 2012, the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Cardnow feature a new, lower variable 9.99% purchase APR*.


The lower purchase rate will be capped at 9.99% APR* on new purchases until June 30, 2014 and will apply to both existing rewards cardholders, as well as all new cardholders.

For all new cardholders, the 9.99% purchase APR became effective on January 15, 2012. For existing cardholders, the lower purchase rate will be "rolled out" by billing cycle, beginning with the January 15, 2012 effective date.

"PenFed is very proud of its diverse and dynamic credit card portfolio," says Kevyn Myers,Executive Vice President, Collections and Card Services, PenFed. "Where other reward card programs have exorbitant APRs to fund their reward programs, PenFed's do not. Our reward cards are packed with value, and the new, lower purchase rate is just one more reason why these cards should be a top of the wallet choice for our cardholders."

PenFed was the first credit union in the U.S. to offer an American Express® Card to its membership. Since the Card's launch in 2009, the PenFed Premium Travel Rewards American Express® Card has been recognized as one of the leading travel reward cards available today. Cardholders enjoy 5 points for every $1 spent on airfare, 1 point for every $1 spent on everything else*.

The PenFed Visa Platinum Cash Card has experienced continual, award-winning success as one of the best cash rewards cards available. Cardholders enjoy 5% cash back on all gas purchases made at the pump*, and since cash back rewards are automatically credited back to the statement each month; this card has become a "no-fuss" favorite for these cardholders.

Additional features such as no annual or foreign transaction fees, and no caps on the rewards cardholders can earn, make the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Card both highly competitive contenders when compared to other reward programs currently available in the industry.

For more information about PenFed membership, the PenFed Premium Travel Rewards American Express® Card and Visa Platinum Cash Card, or to apply for a credit card, visit or call 800-247-5626.

About Pentagon Federal Credit Union

Pentagon Federal Credit Union (PenFed) is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel, employees or volunteers of the American Red Cross and military associations, and many others in the defense community and their families.

SOURCE Pentagon Federal Credit Union


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