PenFed Power Cash Rewards Visa Signature® Card

PenFed Power Cash Rewards Visa Signature® Card

on Pentagon Federal Credit Union's website

PenFed Power Cash Rewards Visa Signature® Card

PenFed Power Cash Rewards Visa Signature® Card

PenFed Power Cash Rewards Visa Signature® Card

on Pentagon Federal Credit Union's website

Loading

Card details

  • Earn Cash Back for Everyday Purchases.

  • No Caps. No Limits. No Gimmicks.

  • 2% Cash Back on all purchases for PenFed Honors Advantage Members.

  • 1.5% Cash Back on all purchases made with your card.

  • $100 Bonus Offer Statement Credit When you spend $1,500 in the first 90 days.

  • 0% Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 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

    1.5%-2%

  • Bonus offer

    $100 statement credit after spending $1,500 in purchase transactions within the first 90 days of account opening.

  • Intro APR

    0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%.

  • 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 more
Annual fee

$0

Annual fee

$99

Annual fee

$95

Regular APR

16.49%-17.99% Variable APR

Regular APR

18.24%, 22.24% or 27.24%, Variable APR

Rates & Fees

Regular APR

18.74%-25.74% Variable APR

Intro APR

0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%.

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

Not sure which card is best for you?

Take a simple quiz to find out

NerdWallet review

By Melissa Lambarena

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

Editor's overall rating

Pros and cons

Pros
  • No annual fee

  • High rewards rate

  • New cardholder bonus offer

  • Intro APR period

  • No foreign transaction fees

Cons
  • Must be a member/customer

  • Requires excellent credit

To qualify for the PenFed Power Cash Rewards Visa Signature® Card, you’ll need a PenFed membership, but it’s not difficult to join. You just have to fill out an application and make a $5 deposit into a PenFed savings account.

The card earns 1.5% back on all purchases, and it has a $0 annual fee. If you’re part of the Honors Advantage program, you may be eligible for an additional 0.5% back, bringing your earnings rate up to 2%. To qualify for the Honors Advantage program, you must have and maintain a PenFed Access America Checking Account or meet the military service criteria.

For more information, see a closer look at this card.