Platinum Cashback

Platinum Cashback

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

Pentagon Federal Credit Union Platinum Cashback Credit Card

Platinum Cashback

Annual Fee

$25

Annual Fee

$95

Annual Fee

$0

Regular APR

9.24% - 17.99% Variable

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Regular APR

13.99% - 23.99% Variable APR

Intro APR

Purchase: None

Intro APR

0% intro APR on Purchases for 12 months

Intro APR

0% on Balance Transfers for 18 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Tim Chen

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.