A credit union rewards program with solid flat-rate earning and straightforward redemptions.
Typical value
~0.85¢/pt
Best for
PenFed members wanting simple travel rewards without a big transfer-partner strategy.
Strategy tip: PenFed guarantees a minimum of $0.0085/point (up to $0.01 for some redemptions); actual travel-portal value runs a flat ~0.85¢/point, not a full penny.