Platinum Cashback
Platinum Cashback
Platinum Cashback
Card details
Rewards are unlimited and cash back is automatically credited to your account every month
No tiers, caps or limits to the amount of cash back you can earn
As low as 9.24% APR on purchases and cash advances
Rates, fees & offers
Annual fee
$25
Rewards rate
3% Cash Back on Gas Purchases at the Pump
Bonus offer
None
Intro APR
Purchase: None
Transfer: 0% for 12 mos
Ongoing APR
Min APR: 9.24%, Variable
Max APR: 17.99%, Variable
Penalty APR: Up to 17.99%, Variable
Cash Advance APR: 21.99%, Variable
Balance transfer fee
3%
Foreign transaction fee
None
Recommended credit score
Compare to other cards
 Platinum Cashback | ||
|---|---|---|
Annual fee$25 | Annual fee$0 intro annual fee for the first year, then $95. | Annual fee$0 |
Regular APR9.24% - 17.99% Variable | ||
Intro APRPurchase: None | Intro APR0% intro APR for 12 months on purchases and balance transfers | Intro APR0% intro APR for 15 months on purchases and balance transfers; balance transfer fee applies |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Tim Chen
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Rating details
4
Editor's overall rating
Pros and cons
Pros
Intro APR period on Balance Transfers
No foreign transaction fee
Cons
Has annual fee
No rewards
Needs excellent credit
Still one of the best rewards cards.
Platinum Cashback remains one of the best cash rewards cards out there for people with excellent credit.
5% on gas, no annual fee.
You can earn up to 5% on gas purchases paid at the pump and avoid an annual fee by obtaining a qualifying PenFed product.
Joining PenFed.
The only catch is that you have to join the PenFed credit union. This is easy if you are affiliated with the military, Red Cross, or one of many other organizations. However, anyone can join the credit union by donating $20 to NMFA or volunteering for the Red Cross.
