The $13.5 billion Pentagon Federal Credit has announced that it is the only credit union in the country, at least for now, to issue American Express cards.
Other credit unions around the country that issue American Express cards do so through banks that they have agent issuing agreements with.
"The PenFed brand stands for trust, integrity and security, and we have a history of providing rich product offerings to our members," says Nicole Butler, vice president of card services and business development. "The PenFed Premium Travel Rewards American Express Card is no exception. With this product, we're upholding our brand promise and presenting the discerning cardmember with a superior travel rewards product-no gimmicks, no black-out dates and no single-airline limitations."
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"By combining the trust and integrity that members expect from PenFed with the strength and global recognition of the American Express brand, we believe this product is one of the best cards in the marketplace and will not only appeal to our existing members, but to a new group of customers as well," added Ms. Butler.
"We are excited to partner with PenFed, one of the leading credit unions in the U.S., and we are confident that today is the start of a long-term, successful partnership," says Janey Whiteside, vice president with American Express Global Network Services. "The new PenFed Premium Travel Rewards American Express Card is one of the strongest rewards products in the marketplace and is supported by a truly outstanding range of benefits and services, as well as the world-renowned American Express brand."
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