Editor’s Note: This offer expired and is no longer available.
Hmmm… I just ran across some bad news related to the PenFed Platinum Cash Rewards Visa Card. Here’s the scoop:
Effective March 1, 2011, PenFed will no long offer 2% cash back for supermarket purchases. You will continue to earn 5% cash back on gas purchases made at the pump and 0.25% on all other purchases, including your supermarket purchases. If you have any questions, please contact us at 800-247-5626 seven days a week or PenFed.org.
Bummer. The 5% cash back on gas purchases paid at the pump** is still a good deal but this will otherwise end up being a very pedestrian reward card. Be sure to review the issuers page for additional information and terms and restrictions that apply.
If you have this card, will you be changing your reward card strategy?