Originally Posted by calmloki
Notice Penfed is offering a version of this special right now. I ordered round trip air on the airline of my choice at the time I wanted from the Penfedpremiumrewards.com redemption site (nonstop PDX x PSP on Alaska, 12/24-12/29). Airline confirmation code received. Easy & transparent. My $650 in spending that I'd have spent anyway returned about $450 in preloaded debit card and airfare.
Big thumbs up! (hey - it's PenFed - that's even better than saying it's Costco!)
So a couple days ago I checked remaining points on the reward program - what the heck - still had about 8000 points after the free round trip ticket, so I spent those points down by ordering a couple kitchen knives and a bathroom scale - probably $60-70 bucks worth of value, shipped free to us.
Today, after noting that the items have shipped, I called the Penfed call center in the exotic far off location called "Eugene Oregon". Managed to understand Herb's funny accent - Eugene Oregon is about 60 miles south of here - and he is going to cancel the Amex card and request that the card limit that was shifted from my Penfed Visa be shifted back. Thanks for the free $510 or so Penfed - I love you guys.