Master Thread for +85% Efficient Redemption of PenFed Credit Card Rewards

[Menta33]

I've been checking for a few months now, but the best I can find is 84.9% efficiency for a VISA prepaid card (58,900 points for $500) or 89.3% for a Bed Bath & Beyond card (2,800 points for $25).

 

I'd like to use this thread to track the current specials and have folks post what gems them find here to help each other out. This way we can use our points most efficiently and don't have to all be monitoring their redemption site as carefully.

 

Please only post deals in this thread that are better than 85% efficiency offered by the Visa prepaid card.

 

Once again, to get us going, here are the current ones I find in priority order of points, please post other efficient ones as they are found:

• $25 Bed Bath & Beyond – 2,800 points – 89.3%
• $25 Outback Steakhouse – 2,800 points – 89.3%
• $25 Nike gift card – 2,800 points – 89.3%
• $25 Bass Pro Shops – 2,800 points – 89.3%
• $25 Home Depot – 2,900 points – 86.2%
• $25 Walgreens – 2,900 points – 86.2%
• $500 Visa Prepaid – 58,900 points – 84.9%

[cv91915]

Do they have specials from time to time?

[Menta33]

Do they have specials from time to time?

 

Yes, last month, Amazon could be gotten for 85%.

[Menta33]

Also, on October 16, 2013, I was able to buy $100 TJX Gift Card for 10,000 points or 100% efficiency.

Edited March 6, 2014 by Menta33

[Menta33]

Here are the updated specials as of April 4, 2014:

• 1-800-Flowers.com Gift Card $25 – 2,700 points – 92.6%
• L.L.Bean Gift Card $25 – 2,700 points – 92.6%
• Bath & Body Works® Gift Card $25 – 2,800 points – 89,3%
• Spafinder Wellness 365™ Gift Card $25 – 2,800 points – 89.3%
• Lowe's® Gift Card $25 – 2,900 points – 86.2%
• PenFed Prepaid Visa® Reward Card $500 – 58,900 points – 84.9%

[Menta33]

Here are the updated specials that expire on December 31, 2015:

• Old Navy Gift Card $25 – 2,700 points – 92.6%
• Gap Gift Card $25 – 2,790 points – 89.6%
• Banana Republic Gift Card $25 – 2,790 points – 89.6%
• PenFed Prepaid Visa® Reward Card $500 – 58,820 points – 85.0%