Low Interest Credit Cards

Late last year, Pentagon Federal introduced its Premium Travel Rewards Amex. At the time it appeared most noteworthy because it made PenFed the first credit union to issue an Amex-branded credit card. Upon closer inspection, however, it appears that the credit card merits some serious attention, particularly for those who fly a lot.

Big Signup Bonus
Deal hounds will immediately appreciate the card’s generous signup bonus. It offers 20,000 bonus points when you spend $650 within the first 3 months, enough for a roundtrip airfare ticket or a $200 gift card. But, digging deeper, we see that the card is not just another churning opportunity.

Huge Rebate on Airfare Purchases
The Premium Travel Rewards Amex may seem automatically good for frequent fliers since it earns 5 points for each dollar of spending on airfare purchases, but the news is even better than that. W

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