Update 2/19/25: New spend offer for $30 back with $300 spend at restaurants and take out between February 18th and March 14th. (ht Eternal Blue)
Contents
The Offer
Penfed sent out a spending bonus to their cardholders. There are two versions:
- Get $50 after spending $500 between 9/1/24 and 11/30/24.
- Spend $300 each month in September, October and November and earn a $25 statement credit per month. Here’s the best part: if you earn all three bonuses, you’ll
receive a $25 bonus for a total bonus of $100.
Our Verdict
Decent spend bonuses. Seems like everyone got one offer or another (it’s possible they are more targeted). Thanks to all those who sent this in.
I completed this offer, no sign of the $30 credit yet.
“The statement credit will be applied to your account within 6 weeks after the end of the promotion period.”
Same here, no sign of it yet. Disappointing after the last one paid out so quickly. I even called customer service to get a copy of my transactions with the MCCs just so I could guarantee that I met the threshold. What a pain.
Don’t see any credits in transaction history yet, but my account balance decreased by $30 today.
$30 credited on April 3rd as
PENFED BONUS SPEND CAMPAIGN CREDIT Q1
Is there any registration required?
No
Never been targeted for one
I haven’t been targeted either, and I’ve been a PenFed customer since the 1990s.
Same here. This is the first I’ve ever heard of any promos tied to the PedFed Pathfindar Visa.
I’ve received an Auto Pay promo on my Pathfinder. However, I never received the credit and have it on my TTDL to follow up with PenFed about that.
Does anyone know how to find merchant coding for transactions on PenFed? I could have sworn they used to show that information but I can’t find it anywhere on the app or website.
I got the $300 spend bonus. Not bothering . They are a pain on paying bonuses timely.
Not in my experience. I got targeted for the $50 promo for $500 in spend last fall and they paid out literally two days after the last purchase triggering the bonus.
Yeah I’ve always had them pay out when they said they would.
I appreciate that they’ve been doing these bonuses. It’s a recent development.
I received another PenFed spending bonus email:
Spend $300 at restaurants and take out between February 18th and March 14th on your PenFed Power Cash Rewards Visa Signature ® Card and earn a $30 statement credit.
Dining out includes:
Fast Food
Restaurants
Coffee Shops
Pizza
Ice Cream
Takeout
1. To receive the $30 credit to your statement, you must spend at least $300 using your PenFed Credit Card ending in XXXX in Merchant Category Codes 5812 and 5814 between February 18th and March 14th. The statement credit will be applied to your account within 6 weeks after the end of the promotion period. Merchant Category Codes (MCC) are reported by each individual merchant. PenFed is not responsible for MCC assignments. This limited-time offer is only valid for the credit card number referenced above and is nontransferable. Cash back will be awarded in the form of a one-time statement credit and does not affect your minimum payment due. Cash advances, credit card checks, and balance transfers do not contribute towards the $300 purchase minimum. Each account is eligible to earn one statement credit of $30.00 during the promotional period.
I was targeted for the $50 promo version, bonus never automatically posted. Contacted CS and they manually credited after a few days
I did the $300 monthly Sep., Oct. & Nov. spend.
All 3 monthly $25 credits posted the same day on November statement close, as separate credits.
The extra $25 posted on my December statement close.
I never contacted them, I just waited.
l just received my 3rd. so hopefullt the 4th will be done before the 30th. the first 2 took far more than 30 days to post
4th one posted on 12/31
I just received a $25 credit, but I don’t know if it’s the 4th credit for this promo, or for a different promo (using the card with digital wallet, which I did 2 days ago).
I received another $25 dated 12/22, so either one would be the 4th credit for this promo.
Same date here, I’m pretty sure it was not there when I checked on 12/24. I’m going to guess the digital wallet bonus has the number “1224” in description and the 4th $25 of $100 spending bonus has “2111” just like the other 3.