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PenFed Premium Travel 20,000 Point Sign Up Bonus

As many of you know, PenFed [1] is one of our favorite personal finance secrets. It’s no surprise they have a great Free Money [2] Friday offer for travelers!

Pentagon Federal is currently offering 20,000 points on their premium travel card.

How to Get Your 20,000 Points

  1. Open a PenFed Premium Travel Rewards American Express [1] card.
  2. Spend $650 with the card in the first 3 months.
  3. Get 20,000 bonus points (worth $250 towards your next round-trip airline ticket)!

Pentagon Federal Credit Union Terms and Conditions

  • No annual fee.
  • No foreign transaction charges.

More on Premium Travel Rewards

Balance Transfer. Penfed is also currently running their 4.99% balance transfer rate until June 30 for the life of the balance (with no balance transfer fee).

Rewards. Earn 5 points per dollar on airline purchases and 1 point on any other purchases. You can redeem points for a range of rich rewards, including travel, brand-named merchandise, and gift cards at PenFed Premium Rewards [3].

Lounge Club Membership. If you spend $15,000 annually on the card [1], you’ll get a free Lounge Club membership which gives access to airport lounges around the world.

More Travel Benefits. Other benefits [4] include: complimentary 24-hour concierge service, exceptional travel offers and discounts through the American Express Travel Privileges program, comprehensive world-class travel insurance, roadside assistance and car rental insurance, and more!