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

  • 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

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$0

Annual fee

$99

Annual fee

$199

Regular APR

16.49%-17.99% Variable APR

Regular APR

18.24%, 22.24% or 27.24%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

0% promotional rate for 12 months on balance transfers made between now and September 30, 2022

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Robin Saks Frankel

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

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.