Pentagon FCU just launched the rewards site
of its Premium Travel Rewards American Express Card
. FW member TxAggieJen reported
redeeming 20,000 bonus points for $200 in gift certificates. I have more details on the credit card and its rewards at the bottom of this PenFed post
Also, readers have mentioned an upcoming change in PenFed's Visa Platinum Cashback Rewards Card
. You still get 5% cash back at gas pump and 2% at grocery stores, but the 1.25% is going down to 1.00% for all other purchases. The change is scheduled for 2/1/2010. Refer to this PenFed post
for a review of this credit card.