PenFed Power Cash Rewards VISA Signature® Card
- Annual fee
- None
- Recommended credit
- Excellent / Good
- Card network
- Visa
- Regular purchase APR
- 17.99% variable based on creditworthiness and the Prime Rate
At a glance
When you apply for the PenFed Power Cash Reward VISA Signature® from Pentagon Federal Credit Union, you may find yourself quoting the inimitable RZA to say, “Cash Back Rules Everything Around Me.” This versatile cash back credit card earns cash back for every purchase with no caps or limits. Cardholders can earn between 1.5% and 2% cash back (if they qualify) when they use their card on everyday purchases.
Our review of the PenFed Power Cash Rewards VISA Signature® Card
Looking for a credit card with powerful cash back rewards? The PenFed Power Cash Rewards VISA Signature® Card from PenFed is the perfect choice. With no fees and bonus cash offers, this card is ideal for those with big spending plans.
To qualify for the 2% cash back on everyday purchases, you must be a PenFed Honors Advantage Member. This can be achieved by maintaining a PenFed Access America Checking Account or through military service. The 2% cash back offer sets this card apart from others in the market.
Even if you’re not a member, you can still earn 1.5% cash back on all purchases with the PenFed Power Cash Rewards VISA Signature® Card. This higher-than-average cash back rate makes it a standout option for daily spending.
In addition to the cash back rewards, cardholders can also enjoy a $100 bonus statement credit by spending $500 a month for the first three months. With no annual fee and no foreign transaction fees, this card is a great choice for travelers as well.
Other benefits include discount offers for various services and Visa Signature deals. Cardholders also benefit from 24/7 fraud monitoring, chip-enabled cards, Visa Click to Pay, balance transfer options, and Visa Signature Concierge service.
Overall, the PenFed Power Cash Rewards VISA Signature® Card is a top-notch cash back credit card with impressive benefits. Whether you’re a frequent spender or looking to consolidate debt, this card has you covered.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 1.5% cash back on all purchases made with your card 2% cash back for PenFed Honors Advantage members o
- 0% introductory APR on balance transfers for 12 months
- Earn a $100 statement credit when you spend $1,500 in the first 90 days
- Nannual fees, no foreign transaction fees, no caps, no limits
Who this card may suit
- You want cash back on everyday purchases with no rotating categories
- You want to redeem rewards with flexibility either as a statement credit or deposited into a financial institution account
- You want to save on fees such as annual fees and foreign transaction fees
- You plan on spending an average of $2,500 a month to maximize annual rewards
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 17.99% variable based on creditworthiness and the Prime Rate |
| Intro Balance Transfer APR | 0% for 12 months from account opening date |
| Balance Transfer APR | 17.99% |
| Balance Transfer Transaction Fee | 3% of the transactio |
| Cash Advance APR | 17.99% |
| Penalty APR | 17.99% |
| Late Payment Penalty Fee | Up to $28 |
| Return Payment Penalty Fee | Up to $25 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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PenFed Power Cash Rewards VISA Signature® Card
Apply Now for PenFed Power Cash Rewards VISA Signature® Card (opens in a new tab)You will leave this site for the issuer’s page. Confirm current terms there.
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