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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.
View Comments (8)
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?