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Penfed Visa Platinum Cash Rewards new benefit?
Old 01-03-2008, 07:40 PM   #1
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Penfed Visa Platinum Cash Rewards new benefit?

Just got an email from Penfed with the 4.99% HELOC everybody was talking about but noticed something else sweet and wonder if it is new -- the Visa Platinum Rewards is now offering 5% cash back on gas purchases and 2% on supermarket food, in addition to the 1.25% on everything else. We've been using this card for a few years now and love it -- now it looks like I've got more reason to love it.

(BP had a traditional card offering something that sounded even better until you realize it only applied to BP stations, and ratcheted back after the first 3 months...)
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Old 01-03-2008, 07:47 PM   #2
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...the Visa Platinum Rewards is now offering 5% cash back on gas purchases and 2% on supermarket food, in addition to the 1.25% on everything else. We've been using this card for a few years now and love it -- now it looks like I've got more reason to love it.
The 2% on supermarket purchases is something I've not seen before, but the unlimited 5% on gas (pay-at-the-pump only) and 1.25% on everything else has been around for a while.
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Old 01-03-2008, 08:38 PM   #3
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The 2% on supermarket purchases is something I've not seen before, but the unlimited 5% on gas (pay-at-the-pump only) and 1.25% on everything else has been around for a while.
Yeah, anyone with a motor home would need this card.
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Old 01-03-2008, 08:42 PM   #4
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Just got an email from Penfed with the 4.99% HELOC everybody was talking about but noticed something else sweet and wonder if it is new -- the Visa Platinum Rewards is now offering 5% cash back on gas purchases and 2% on supermarket food, in addition to the 1.25% on everything else. We've been using this card for a few years now and love it -- now it looks like I've got more reason to love it.
That's a great deal when it lands on a card that you're already using. We watched Discover whittle away at their cashback program until it was almost too hard to deal with.

We only spent $1260 on gas last year-- not much of an incentive. Now if they'd rebate us 5% of our Home Depot & Lowe's purchases...
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Old 01-03-2008, 08:47 PM   #5
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Yeah, anyone with a motor home would need this card.
You'd think so...until you discovered truck stops (about the only places you can get in and out of easily) don't offer pay-at-the-pump at their diesel islands...
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