Editor’s Observe: Thanks to your curiosity, this supply expired and is not accessible, discover right here the lively greatest bank cards for navy members affords.
Because the affords on money again bank card proceed to extend, shoppers who use credit playing cards ought to ensure theirs is one that permits them to save lots of essentially the most amount of cash potential. Whether or not it’s a terrific APR, an extended introductory interval or a top-notch bank card rewards program, weigh the advantages and disadvantages of each bank card earlier than making use of. The most effective bank card that has been flying below the radar is the PenFed Platinum Money Rewards Visa Card. After a cautious assessment, it’s troublesome to discover a flaw.
First, the PenFed Platinum Money Rewards Visa Card comes with a extremely aggressive rewards program. Cardholders can obtain rewards within the type of money again, and right here is how these rewards break down:
- With the Plus Card earn 5% money again on gasoline purchases paid on the pump** and keep away from an annual price.
- With the Normal Card earn 3% money again on gasoline purchases paid on the pump** which incorporates an annual price, first 12 months $0 then after that $25.
Not like many money again bank cards, the PenFed Platinum Money Rewards Visa Card contains no tiers and no limits to money again. 5 p.c money again on gasoline purchases paid on the pump is the perfect you’ll discover at present. To qualify for the Plus model of the cardboard and earn 5 p.c on fuel purchases paid on the pump and keep away from an annual price it’s essential to receive a qualifying PenFed product like cash market certificates or IRA, cash market financial savings account, mortgage, private line of credit score, lively checking account with direct deposit ($250 minimal). In any other case, you possibly can nonetheless get pleasure from 3 p.c money again on fuel purchases paid on the pump with the Normal model of the cardboard, which additionally contains an introductory annual price of $0 for the primary 12 months then $25 yearly.
Along with the rewards program, presently, there’s a promotional steadiness switch fee of 4.99 p.c introductory APR for steadiness transfers on the PenFed Platinum Money Rewards Visa Card for 48 months on steadiness transfers made between July 01, 2014 by means of September 30, 2014. After September 30, 2014, the APR for brand spanking new steadiness transfers will fluctuate with the market primarily based on the Prime Price and is presently 9.99 p.c. A 3 p.c steadiness switch price applies to every switch. This transaction is topic to credit score approval.
PenFed is a credit score union, and with the intention to submit an utility to be thought-about for this card, you should be a member of the Pentagon Federal Credit score Union. Right here is who qualifies to be a member of the credit score union:
- Members of the USA Army or Uniformed Companies
- Employed by the US Authorities
- Members of an eligible navy affiliation
- Relations of somebody in the USA Army
- Workers or volunteers of the American Pink Cross
- Employed by an eligible office
- Resides on a navy base
- Makes a one-time donation of $15 to affix Voices for America’s Troops
- Makes a one-time donation of $20 to affix the Nationwide Army Household Affiliation
Anybody desirous about saving as a lot as potential when making bank card purchases ought to significantly take into account the PenFed Platinum Money Rewards Visa Card. Regardless that you’ll have to make a one-time small donation, it’s going to a worthy trigger. **You’ll want to assessment the bank card utility web page for phrases and circumstances and any exclusions or limitations that apply.
,
