Penfed devalues platinum rewards points

For just about anything you want to get off your chest about credit cards.
4 posts
Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Penfed devalues platinum rewards points

Postby Gamma » Sat Aug 17, 2013 12:11 am

Well my plans on chasing my everyday card has been crushed. Just saw a thread in another site that the redemption value for visa gift cards along with other gift cards (Amazon for example) are no longer 1:1.

$50 visa= 6,100 points
$100 visa=12,000 points
$250 visa=29,600 points
$500 visa=59,000 points

Looks like Chase Freedom 10+10 will continue being my everyday card.


takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Sat Aug 17, 2013 8:49 am

Isn't Chase killing that off?

cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Sat Aug 17, 2013 11:22 am

They have 1:1 value on Visa GCs right now. Cash out if you can...
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Sat Aug 17, 2013 7:28 pm

takeshi wrote:Isn't Chase killing that off?


Yea but I'm one of the fortunate ones that still haven't been kicked out of that program......yet



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests