I don’t typically like cash back cards for two reasons:
- I can usually get a higher rate of return by using a true travel rewards card
- I have a hard time dedicating my cash back to my favorite hobby (travel)
This PenFed VISA Platinum Gas / Cash Rewards Card debunks these issues with its extremely high return and by sending the cash back to a dedicated Pentagon Fedral account with your return.
The PenFed card offers an extremely attractive 5% back on automobile gasoline purchases (sorry your airplane or boat fill ups won’t count for more than the typical .25%), but at 5% if you are a heavy gas purchaser this card should be given serious consideration. In addition to the 5% rebate on gas, you will receive
1% .25% cash back (thx Drsifu77) on all other purchases, there is no annual fee for the card, and no limit on the amount of purchases you can make in a year.
In order to apply for this card you must join the Pentagon Federal Credit Union which was really easy. Katy and I have been members for years through a one time membership with either the National Military Family Association, the Voices for the America’s Troops or one of the listed orgainizations. I honestly do not remember which it was but I’m glad we joined as the rates at the PenFed CU have been extremely competitive throughout the years. Anyone can join through one of the above listed organizations and it is worth the one time fee.
Again, cash back cards are not really my thing but at 5% cash back without an annual fee and no limit, this card should not be overlooked.
There is also a rewards card that offers 5/3 and 1 points in their rewards program and a 20K sign up bonus. You can get to that link from the cash back link above.
Deal of the Day
For today’s Deal of the Day we have TripAlertz who is donating $50 in Trip Cash for the best overall travel deal submitted. A great mileage run, mistake fare, partner promo, new card sign-up offer, or the special twist you figured out on a deal today. Add it to the comments section of this post (make sure to include your first name, last inital, and home airport) or this afternoon’s Deal of the Day post to be eligible to win.