FlyerTalk Forums - View Single Post - PenFed Premium Travel Rewards AmEx [5x/3x/1x, $0 fee, 20K bonus]
Old Dec 2, 2010 | 10:48 pm
  #70  
iahphx
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Originally Posted by chemist661
This is my primary card for buying airline tickets. (5 pts/$) I also use it for dining (3pt/$) & the 2% (till Dec 31) for everything else is nice. Each point used for airline tickets is worth 1.5 cents. (1 pt for 1$). Also, no FOREX charges. ^

I bought 2 tickets with my points. LAX-ZRH RT in late August & PIT-LAX (one way) for last month travel. I was short some points for the Zurich ticket so I paid a little over $200 extra. (it was a $900 ticket--decent for Europe summer).

I plan to keep this card even when the annual fee kicks in next year. I am quite pleased with this card. The one drawback is one can't do multi city on their booking engine but otherwise it is a great card.
Yeah, this is an under-rated card -- especially if you use it to buy airline tickets. I haven't looked that carefully, but it does seem like a point translates to more than a penny when you go to purchase airfare. It didn't look like quite 1.5 cents to me, but I didn't look that hard.

Does anyone know if you get to keep your points if you cancel your card? I got the 20,000 bonus for joining, and I think I now have about 36,000 miles just for using the card to buy a little more than $3000 in airline tickets. I'm not so keen on paying the annual fee for the card, but I obviously don't want to lose more than $400 in free airfare. I could, of course, just buy a ticket from the rewards program.
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