Register for the PenFed Defender American Express® Card and Earn a $100 Bonus Statement when you spend $1,500 in the first 3 months of account activation. You will earn 1.5% cash back on every purchase, no foreign transactions and much more. With no tiers, no caps, or limits to the cashback you can earn. A PenFed Defender AmEx Card is ideal for anyone who enjoys the perks of easy cash back options.  If you don’t want to hassle with a complex rewards program and points, then I definitely recommend checking out this card. This card can be perfectly described as a card with premium features and generous rewards without paying a premium price. Use this card for all your daily purchasing needs and you can maximize your rewards easily!

Key Features:

• Awarded “Best Military Credit Cards 2014” by CardHub
• 1.5% cash back on every purchase
• Rewards are unlimited and cash back is automatically credited to your account every month
• No annual fee
• No foreign transaction fee
• No balance transfer fee
• No cash advance fee
• Cash back is credited to your account each month
• No tiers, caps or limits to the amount of cash back you can earn
• Travel and Protection Benefits
• Emergency roadside assistance
• Car rental loss and damage Insurance
• Concierge serviceTravel accident insurance
• Identity theft recovery unit

Pros:

• Start Up Bonus of 10,000 Bonus Points, by spending $1000 on eligible purchase
• No Annual Fee
• No Late Fees
• No Foreign Transactions
• Low APR
• Rewards don’t expire
• No limit on cashback
• Cash is automatically transferred to your account
• Travel Benefits
• Stay in the know with exclusive access to ticket presales and Card Member-only events in a city near you
• Travel Accident Insurance can cover travel by plane, train, ship, or bus when you purchase the entire fare on your eligible Card.
• And Much More

Cons:

• No Rewards
• Borderline Decent Sign-Up Bonus
• Can’t transfer cash to other accounts
• Can’t redeem for gift cards or other type of rewards

Final Analysis:

With a PenFed Defender American Express Card , earn up to $100 when you spend $1,500 in eligible purchases within the first 3 months of account initiation. With no annual fees, no late fees, no foreign transaction fees, and rewards that don’t expire and much more, this card is superb for anyone who enjoys the pleasure of saving money! This card was awarded the best military card of 2014 by cardhub, and since it’s a military card, it’s limited to only individuals who are military service members, government workers or their families. This is an exceptionally affordable card by every standard, and if you’re eligible, I recommend trying out this card! If you are not interested in a PenFed Defender AmEx Card at the moment, I recommend checking out our complete list of Credit Card Deals  for all of your credit card demands !