The Offer
No direct link to offer, sent out via e-mail. ‘Subject line is ‘Earn Cash Back this holiday season with your PenFed Visa Card!’
- PenFed is offering some credit card customers a bonus of $50 when they spend $1,500 by December 31, 2020
The Fine Print
- The statement credit will be applied to your account within 4 weeks after the end of the promotion period.
- This offer is not transferable.
- Limit one statement credit per cardholder.
- Your account must remain open, have available credit, and be current (no minimum payment past due) to qualify.
- Cash advances and balance transfers do not contribute towards the $1,500 purchase minimum.
- Offer ends December 31, 2020
Our Verdict
This is a frequent offer we see from PenFed a couple of times a year. This works out to be an additional 3.33% cash back if you spend exactly $1,500+.
$50 posted on 1/24
$50 for $500 additional spend posted for me today.
did anyone get their $50 yet?
Nope. Offer says 4 weeks, guess they’re going to go to the limit.
Same. Still waiting as of Jan 23 for the 50
Good news for the week is the air travel credits for 100 posted
Bonus posted overnight. Cheers!
did anyone with two penfed cards get targeted for both
this is actually showing on their home page, before login.
I am wondering do you have the screenshot? I got one credit out of two accounts. But I don’t have anything to show to the customer service rep.
My offer was $50 for $500 spend. I don’t think I could have done $1500 in one month. I just completed my opening bonus for them. This is a nice topper.
Interesting. Mine was $50 for $1000 worth of spending which is 5%.
I was offered $30 cash back for spending $500.
I got $75 back on $2k spend.
Oh boy, $50 🙂
Hey, in a forum where people are talking about the difference between 2.5% vs 2.65% cash back, $50 is nice.