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The Offer
No direct link to offer, sent out via e-mail. ‘Subject line is ‘Kick the summer off with this special offer from PenFed!’
- PenFed is offering some credit card customers a bonus of $50 when they spend $1,500 by July 31st, 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 July 31, 2020
Our Verdict
This works out to be an additional 3.33% cash back if you spend exactly $1,500+. Can be worth doing if you don’t have any minimum spend requirements to meet.
Did the spend. My email says “The statement credit will be applied to your account within 4 weeks after the end of the promotion period.” Well today’s August 29 and no dough yet. Called PenFed and was told “they’re about a week behind” on processing the credits or whatever, but they’re coming.
Hi, I got the $25 email, and met the $500 spend requirement but not sure if it’s automatically added to my account? I can’t find the initial email they sent as proof.
My email is $50 for $1000 spend.
This was easy to do a month ago.. got the $50 quite fast for 1k spend on my Pathfinder card
I got an email which says in July earn a $25 statement credit when you spend $500 with your PenFed Visa Card.
Same. Had $25 credit for $1000 last month.
We have 2 cards and one card received it. It’s getting hard to cash the vgc in my area otherwise buying Simons mall vgc would be a good choice using it.
I have the Power Cash for 2% but NEVER get targeted for any of the credit card promos. Anyone know how to get targeted?