Member of holy trinity heard from
I used to use the PenFed Cash Rewards and then a few years ago they gave us all a lot of incentive points to convert to the Platinum Rewards with the points system. I never really liked it, after redeeming the incentive points it took us a long time to accumulate the 5000 points for the Visa $50 prepaid card. Then they devalued the points.
Last month I reached the new 5900 point level, redeemed for the $50 prepaid card and last week I called PenFed and asked to change back to the Cash Rewards card. It took about a week but we have our new cards. I had hoped to keep the old number but that didn't happen.
We do most of our spending with cash and only use the card for gas so I may as well have the 5% cash credit for gas instead of that awful point system.
So I guess they won't be offering me the deal you got. But I had that nice incentive when they wanted us all to convert to points.
I recently completed a bonus deal with Huntington Bank. Open a checking account, make 10 debit card purchases and they give you $150. After 3 transactions the bonus showed up but I went ahead and made the remaining transactions anyway. I made transactions like 3 postage stamps, a dozen eggs, a green pepper, more stamps, a bag of ice, 2 apples, etc.
Now I just have to keep the account open for 6 months.
Married, both 61. DH retired June, 2010. I have a pleasant little part time job.