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
Bonus offer
$100 Statement Credit when you spend $1,500 in first 90 days.
Rewards rate
1.0%
Annual fee
$0
Intro APR
Purchase: None
Transfer: 0% for 12 mos
NerdWallet Review
Author: Ben Luthi
You must be a member of PenFed Credit Union to get this card. But there are several paths to eligibility:
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.Aw nerds! Looks like this page may be out of date. Please visit NerdWallet’s Best Credit Cards page for updated info.
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).
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