PenFed Platinum Rewards Visa Signature® Card

PenFed Platinum Rewards Visa Signature® Card

on Pentagon Federal Credit Union's website

PenFed Platinum Rewards Visa Signature® Card

PenFed Platinum Rewards Visa Signature® Card

PenFed Platinum Rewards Visa Signature® Card

on Pentagon Federal Credit Union's website

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Card details

  • Rate and offers current as of November 1, 2021 and subject to change.

  • New Acquisition Bonus: 15,000 points after $1,500 spend during first 3 months of card open date

  • Earn 5x points for gas purchases at the pump and electric vehicle charging stations

  • Earn 3x points for supermarket purchases, restaurants/dining, and cable, satellite and other television/radio/streaming services

  • Earn 1x point on all other purchases

  • No annual fee

  • No foreign transaction fees

  • No cash advance fee

  • Chip and Contactless ‘Tap to Pay’ enabled for added security, ease and convenience at the point of sale

  • Click and Pay eligible, via Secure Remote Commerce, so you can enjoy easy and secure online buying checkout

  • Digital wallet capable

  • Purchase variable rate as low as 13.49% APR

  • 0% promotional rate for 12 months on balance transfers made between now and March 31, 2022. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. 3% balance transfer fee per transaction. 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.

  • Cash Advance APR 17.99%

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 March 31, 2022

  • Ongoing APR

    APR: 13.49%-17.99% Variable APR

  • Balance transfer fee

    3%

  • Foreign transaction fee

    None

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual fee

$0

Annual fee

$95

Annual fee

$0 intro for the first year, then $95

Regular APR

13.49%-17.99% Variable APR

Regular APR

15.99%-22.99% Variable APR

Regular APR

13.99%-23.99% Variable APR

Rates & Fees

Intro APR

0% promotional rate for 12 months on balance transfers made between now and March 31, 2022

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 12 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Robin Saks Frankel

Rating details

4.5

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.