PenFed Platinum Rewards Visa Signature® Card
on Pentagon Federal Credit Union's website
PenFed Platinum Rewards Visa Signature® Card
Card details
Get Rewarded on Everyday Purchases.
5x Points on gas paid at the pump and EV charging stations.
3x Points at the supermarket (including most Target and Walmart locations), restaurants, and TV, radio, cable, streaming services.
1x Points on all other purchases.
15,000 Bonus Points when you spend $1,500 in first 90 days.
0% Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. On transfers made from now until September 30, 2022. After that, the APR for the unpaid balance and any new balance transfers will be 17.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
Annual Fee: $0
Purchase Variable APR: 16.49% to 17.99%
Refer to PenFed.org for Terms/Conditions
Rates, fees & offers
Annual fee
$0
Rewards rate
1x-5x
Bonus offer
15,000 points after $1,500 spend during first 3 months of card open date.
Intro APR
0% promotional rate for 12 months on balance transfers made between now and September 30, 2022
Ongoing APR
APR: 16.49%-17.99% Variable APR
Balance transfer fee
3% fee applies to each transfer
Foreign transaction fee
None
Recommended credit score
Compare to other cards
| Learn more | ||
Annual fee$0 | Annual fee$99 | Annual fee$95 |
Regular APR16.49%-17.99% Variable APR | Regular APR17.99%-24.99% Variable APR | |
Intro APR0% promotional rate for 12 months on balance transfers made between now and September 30, 2022 | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
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Rating details
4.9
Editor's overall rating
Pros and cons
Pros
No annual fee
Bonus categories
Cons
Must be a member/customer
Complicated redemptions
The PenFed Platinum Rewards Visa Signature® Card earns one of the best rewards rates on gas you’ll find anywhere — an unlimited 5 points per dollar spent at the gas pump. And the $0 to boot.
In addition to free-flowing fuel rewards, the card also pays an unlimited 3 points per dollar on groceries and an unlimited 1 points per dollar on all other qualifying purchases.
Redemption options are limited, though. Points are redeemable only for travel, gift cards and merchandise. Cash back is not available.
Typically, travel redemptions yield the highest point value. Otherwise, you can generally expect a value of about 0.85 cents per point, which is less than what many other rewards cards offer.
You’ll also have to join PenFed’s credit union to apply. For more information about the PenFed Platinum Rewards Visa Signature® Card, check out our full review here.
