Deal has ended, view more PenFed deals by clicking here.
Update 8/31/20: This is offer has been sent out to more cardholders.
The Offer
Targeted offer, sent out via e-mail subject line ‘Limited-time offer on Penfed Pathfinder Visa Card’
- PenFed is offering increased earning rates of 4x for Honors Advantage members and 3x for all other members on the following categories:
- Phone
- Cable/Satellite
- Streaming services
- Utilities
The Fine Print
- Valid on purchases through October 31, 2020
Our Verdict
Other cards do earning at higher rates in these categories, but still useful if you don’t have one of those higher earning cards.
Not [Targeted], offers shows on rewards homepage
I see it too. I don’t think it’s targeted. It also says from July 1 to Oct 31, so people have have had this a while.
https://i.imgur.com/2DFXPPg.jpg
I see it too, probably not targeted. The full image also says it started on July 1.
Not sure where best to post this, but here is a DP on credit card funding of accounts at PenFed. I am a current customer and tried to open a new savings account, but CC funding was only allowed up to $50, not $500. Also started an application to open a CD, and no CC funding was available. So the $500 funding option appears to be discontinued.
I will say that I was ok with Penfed until this last month when I have had terrible customer service that would require a couple of paragraphs to describe. Needless to say I opened their premium online account that had a very good interest rate and transferred a lot of money into it. I am so pissed off with my treatment, I am pulling out those thousands of dollars I put in and ultimately getting out of that credit union. One rep that I mentioned some of problems said that they hired a lot of new reps and apparently did not train them and a lot of them are working at home. Great security system ~~~ Not.
I never get any offers on my Power Cash Rewards card. I know most don’t like PenFed, but I have no complaints. It’s my go-to 2% card.
Same here.
There’s some (limited) benefit to this, particularly if you don’t have a business credit card that offers enhanced rewards on these categories. This might have some benefit to allow those who are thinking about redemption thresholds, since these purchases to “top off” a rewards balance would be earning (4x.~67) rather than simply (1x~.67).
Folks should be advised though that some utilities will charge 3-3.5% as a convenience fee to process a credit card.
if you have electric utility that charges for credit card, look into arcadia power. you pay them with a credit card and they pay your electric bill. its all the same cost, nothing changes, just allows you to pay with a credit card for free
I agree with you. Additionally US Bank Cash+ has utilities as a category. No business card needed. Straight cash back.
+1 for Arcadia power. You can do their 50% wind plan for no additional cost and use a CC to pay your monthly bill without surcharges.
+1 Arcadia is awesome.
But the path finder card is no longer available for new applicants…
Penfed point is not 1 cent more like 0.7 cent, take this into consideration.
More like .85 cent each, in my experience, at least for gift card redemptions. 4x = 3.4%