Banks - Consumer Rewards Credit Cards: United States

Goals

Continue identifying rewards credit cards for the listed banks and entering details into the attached spreadsheet.

Early Findings

Information on the rewards cards offered by Pentagon Federal Credit Union and 7 cards offered by Synchrony Financial have been entered into the attached spreadsheet and outlined below.

Pentagon Federal Credit Union

  • The Pathfinder Rewards American Express Card offers 3x points on travel purchases and 4x points for travel purchases for PenFed Honors Advantage Members. New account holders receive and extra 25,000 points if they spend at least $2,500 in the first 90 days after opening an account.
  • The Power Cash Rewards Visa offers 1.5% on everything and 2% cash back on everything for PenFed Honors Advantage members. New account holders can earn a $100 statement credit by spending at least $1,500 in the first 90 days after opening the account.
  • The Platinum Rewards Visa Signature Card offers 3x points on gas and 5x points on groceries. New account holders can earn a $100 statement credit by spending at least $1,500 in the first 90 days after opening the account.

Synchrony Financial

  • Synchrony Financial offers 3 Belk-branded MasterCards that offer 3-5 points per dollar spent at Belk or Belk.com. New members get 20% off their first purchase and $10 in Belk rewards dollars after their first purchase.
  • The PayPal Cashback MasterCard offers 2% cash back on everything while the PayPal Extras MasterCard offers 3x points on restaurants and gas and 2x points on PayPal and eBay purchases. Neither is offering a sign up bonus at this time.
  • The American Eagle Outfitters Connected Credit Card and Connected Visa car offer 15 points for every $1 spent and a 20% in your first purchase at AEO. The Connected Credit card can only be used at AEO stores while the Connected Visa can be used anywhere Visa is accepted.

Proposed next steps:

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Our research identified the rewards cards available from Pentagon Federal Credit Union and seven rewards cards offered by Synchrony Financial. Synchrony Financial appears to offer many cards under different retail brands, a variety of which offer rewards. We propose continuing the research to identify the additional rewards cards offered by Synchrony along with those offered by HSBC Bank USA and Amalgamated Bank of Chicago.