- 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 points on airfare purchases, and 1 point on all other purchases.
- Earn 20,000 bonus points when you spend $650 within the first 3 months of opening the Card account - that's worth $200 toward your next round-trip airline ticket.
- Free LOUNGE CLUB(TM) membership which provides worldwide airport lounge access (upon spending $15,000 on the Card within a calendar year).
- Ability to redeem points for a wide-range of rich rewards, including travel, brand-named merchandise, and gift cards at PenFed Premium Rewards site.
4.9 / 5.0 (23 votes)
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Information - Rates - Fees

Intro APR:
Intro Period:
APR Type:
Annual Fee:
Card Network:
Card Category:
Consumer (Premium)
Card Type:
Co-Branded Card
Eco-Friendly Card
Low Interest Credit Card
No Foreign Transaction Fee Credit Card
Reward Card
Credit Needed:
Grace Period:
25 days*
Min Finance Charge:
Late Payment Fee:
Over Limit Fee:

Balance Transfers

Balance Transfer:
APR on Balance Transfer (%):
Transfer Fee (%):
Minimum Fee:
Maximum Fee:
Transfer Period:
Life of Balance*

Cash Advances

APR on Cash Advances (%):
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Other Fees

Additional Fees
Returned Payment Fee: $30.00
Foreign Transaction Fee: None

Review by

The PenFed Premium Travel Rewards American Express Card offers cardholders the opportunity to receive exceptional travel privileges and benefits. With PenFed Travel Privileges, cardholders can take advantage of a variety of privileges while traveling. Privileges include: car rental savings and upgrades, complimentary hotel room upgrades which includes a daily breakfast for two and special amenities, exclusive travel packages for cardholders only, and 10% off the lowest airfares.

Complimentary enrollment into Priority Pass will also give cardholders the opportunity to enjoy their travel more. Members receive two free member visits to any lounge within the Priority Pass Network, and access to more than 600 airport lounges worldwide, regardless of your Priority Pass membership level, choice of airline, or choice of airline ticket class.


Most attractive:
- Rewards program
- No annual fee
- AMEX benefits
- Bonus points
- No currency transaction fee
- Low APR
Least attractive:
- Cannot find any

Rewards & Benefits

Reward Types:
Airline Reward Cards
Other Rewards Cards
Travel Reward Cards
Universal Reward Cards
Reward Unit:
- 5 points on airfare purchases
- 1 point on all other purchases
- 20,000 bonus points when you spend $650 within the first 3 months of opening the Card account - that's worth $200 toward your next round-trip airline ticket.

* The points you earn with your Card may be redeemed for all the rewards you expect and quite a few you'll be pleasantly surprised by: select stays at luxury hotels and resorts, tickets to exclusive events, movies, gift cards, merchandise and so much more.
Yearly Limit:
Other Benefits:
- Complimentary VIP Membership in Airport Lounges Worldwide
- Comprehensive, World-class Travel Insurance Coverage
- Roadside Assistance and Car Rental Insurance Coverage
- Complimentary 24/7 Concierge Services
- PenFed Travel Privileges
- Premium Hotel Privileges
- Premium Airline Privileges
- Premium Car Rental Privileges
- Premium Cruise Privileges
- Special Travel Offers
Online Access:

*The information provided for PenFed Premium Travel Rewards American Express® Card is believed to be accurate at the time of evaluation (Mar 4, 2013). We strongly advise visitors to review the fees, terms and conditions to verify accuracy of the information posted prior to applying for the product.