PenFed Platinum Rewards Visa Signature® Card

Apply Nowon Pentagon Federal Credit Union's secure website
Apply Nowon Pentagon Federal Credit Union's secure website

PenFed Platinum Rewards Visa Signature® Card

Apply Nowon Pentagon Federal Credit Union's secure website
Apply Nowon Pentagon Federal Credit Union's secure website

Card details

  • $100 Statement Credit when you spend $1,500 in first 90 days.
  • 0% promotional rate for 12 months on transfers made between August 1, 2017 and September 30, 2017.
  • 5x Points** on gas at the pump.
  • 3x Points** on groceries.
  • 1x Points** on all other purchases.
  • As low as 9.74% variable APR on purchases and cash advances.
  • No annual fees and no foreign transaction fees!

APR, Variable

Min APR: 9.74%, Variable

Max APR: 17.99%, Variable

Penalty APR: Up to 17.99%, Variable

Cash Advance APR: 17.99%, Variable

Pros

  • Bonus cash back categories
  • No annual fee
  • 0% promotional rate for 12 months on transfers made between August 1, 2017 and September 30, 2017.
  • No foreign transaction fee

Cons

    Rewards rate

    1.0%

    Annual fee

    $0

    Intro APR

    Purchase: None

    Transfer: 0% for 12 mos

    Recommended credit score

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    NerdWallet Review

    Author: Ben Luthi

    Aw nerds! Looks like this page may be out of date. Please visit NerdWallet’s Best Credit Cards page for updated info.

    The PenFed Platinum Rewards Visa Signature® Card is a solid option for large families and people who drive frequently. Its bonus rewards on gas and supermarket spending are unlimited, giving you a huge opportunity to rack up points quickly. The card doesn't charge a cash advance fee; most cards charge 3% to 5%. And the annual fee is $0, which is almost unheard of for a card with this kind of rewards program.

    You must be a member of PenFed Credit Union to get this card. But there are several paths to eligibility:
    • Be a member of the U.S. military
    • Be an employee of the federal government or other qualifying organization
    • Belong to a qualifying organization or association
    • Live or work at an eligible location
    • Be a relative or housemate of someone who is eligible
    • Make a one-time donation to Voices for America's Troops ($14) or the National Military Family Association ($15).
    Even if you're not eligible based on your current employment, membership or family relations, the one-time donation is worth it to get this card.

    NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

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