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5% cashback on airfare, 3% cashback on hotel and dining, 1% cashback elsewhere – PenFed CU : Premium Travel Rewards American Express Card; Exp. – unknown

By , April 25, 2010



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Note: The cashback rate in the title is based on 10,000 points to $100 gift card exchange rate (see here). You can become eligible for CU membership via National Military Family Association (NMFA). You will earn 20,000 bonus points after making $650 in purchases in the first three months that can be exchanged for $200 in gift cards. The application page also mentions that sign-up 20,000 points can be exchanged for round trip ticket for many destinations. This page suggests that current exchange rate would allow redemption of 20,000 points for $320 in air fare.


Terms:


You will earn 5 Points per $1 of Net New Purchases you make specifically with airlines. Bundled vacation packages purchased online, with travel agency or any other entity does not qualify for earning points at this level. You will earn 3 Points per $1 of Net New Purchases you make with Restaurants (Quick Service, Casual and Fine Dining establishments) and Hotels until December 31, 2010. You will earn 1 Point per $1 of other Net New Purchases you make. You will earn 20,000 bonus points after making $650 in purchases in the first three months of Cardmembership.

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