Originally Posted by
cdog999
I think the conversion rate to cash makes it closer to 2.5%
There are two cards:
* PenFed Platinum Rewards VISA SignatureŽ Card
* PenFed Platinum Cash Rewards VisaŽ Card
One earns points, one earns cash back. Cashback with my old Platinum Cash card is directly applied to the monthly bill.
I am wondering now if my card gives me 3% back on grocery purchases, when I got the card it only offered 5% at the pump.