Deal has ended, view more PenFed deals by clicking here.
Update 11/17/21: Deal is back and valid until 12/31/21.
Update 8/1/21: Deal is available again until August 31, 2021. Hat tip to ran d
Contents
The Offer
No direct link to offer, sent out via e-mail. Unknown subject line
- PenFed is offering some credit card customers a bonus of $50 when they spend $1,000 by February 28, 2021.
- Others have just a $500 spend requirement.
Our Verdict
Normally it’s spend $1,500 and get $50 back. This is obviously better as the spend requirement is less. We usually see these spending bonuses a couple of times a year.
Hat tip to reader Weed Ibix
Got the $50 off $500 offer in Nov. Did the spend in Nov and still haven’t gotten the credit. Anyone else still waiting?
I received a rather interesting offer today for my PenFed Promise Visa card via email. I didn’t see anything posted about it so thought I would share it here.
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Email title – Yule love this gift: $150 statement credit
Celebrate the season with $150 when you sign up for monthly recurring electronic payments on your credit card account and enroll in paperless statements.¹
HOW TO QUALIFY
Log into your PenFed Online account
and follow these two easy steps:
1. Set up Monthly Auto Pay
Select “Make Payment”, set your payment preferences,
then update “Frequency” to “Monthly Auto Pay”.
2. Enroll in paperless statements
Select “Delivery Preferences” under “Statements & Documents” and update your credit card statement delivery to “Electronic”.
Your $150 statement credit will appear on your February 2022 statement.
Don’t wait! This exclusive member offer
is only good until December 31, 2021!
DISCLOSURES
1. No purchase necessary. In order to receive the $150 credit to your statement, you must complete both requirements during the promotional period ending December 31, 2021 for your account ending in XXXX: (1) sign up for automatic payments and (2) enroll in paperless statements. If earned, the statement credit will be applied to your account within two billing cycles of the offer end date. In order to qualify, your account must remain open, be in good standing, and not become delinquent. Statement credit cannot be used to satisfy the required monthly payment on your credit card account and may not be redeemed for cash or cash equivalent. This offer is non-transferrable. Limit one statement credit per cardholder. Offer ends December 31, 2021.
Enrolled in monthly autopay and re-enrolled in electronic statements (since I already receive them this way). We’ll see if the $150 statement credit posts in February 2022.
I had also received the $50 credit for $500 spend offer. Met the spend requirement in early December and the credit posted about a week later.
My offer is: “Celebrate the season with $150 when you add an authorized user to your PenFed credit card account.”
Nice! That’s a good one as well!
I received the offer of $50 on $500. Spent just over $500 on 11/18, and $50 credit posted on 11/19.
There are also some gift cards on sale right now at approximately 1cpp value.
https://www.doctorofcredit.com/credit-cards/rewards/penfed-platinum-rewards-visa-signature-card-review/#comment-1285457
I only get “Your PenFed Credit Union Statement is Ready” email from them 🙂
Nothing. Usually I get targeted around this time (or a little earlier) for a spend offer from them (usually on my “Pathfinder”, but sometimes on my “Power Cash Rewards”). Ah well. Maybe next time.
I got $50 off $500
I haven’t been targeted for these since 2020, right before I started doing the small balance waiver on the Penfed Platinum. I wonder if that has anything to do with not being targeted?
It says “.. earn $50 cash back when you spend $500” for my PenFed Pathfinder.
I got this one too.
10% returns are definitely better than 3.33% ($50 for $1500)
Has anyone received the August $50 for spending $1000 credit?
I didn’t. It’s been more than 4 weeks since 8/31/2021; looks like I got hosed.
Got it yesterday.
I’ll be darned; there it is. Mine is dated 8/27 but it just showed up.