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PenFed Power Cash Rewards VISA Signature® Card

PenFed Power Cash Rewards VISA Signature® Card

Up to 2% Cash Back on Every Purchase

PenFed Power Cash Rewards VISA Signature® Card
  • Regular Purchase APR 14.99% to 17.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 14.99% to 17.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 17.99%
  • Annual Fee None
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • 1.5% cash back on all purchases made with your card 2% cash back for PenFed Honors Advantage members
  • 0% introductory APR on balance transfers for 12 months
  • Earn a $100 statement credit when you spend $1500 in the first 90 days
  • No annual fees, no foreign transaction fees, no caps, no limits
Rates & Fees
  • Regular Purchase APR: 14.99% to 17.99% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% promotional rate for 12 months on transfers made between now and September 30, 2019.
  • Balance Transfer APR: 14.99% to 17.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: 3% per transaction
  • Cash Advance APR: 17.99%
  • Cash Advance Transaction Fee: 5% or $5 minimum per cash advance
  • Penalty APR: 17.99%
  • Late Payment Penalty Fee: Up to $28
  • Return Payment Penalty Fee: Up to $25
Credit Card Deals
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At a Glance

When you apply for the PenFed Power Cash Reward VISA Signature® from Pentagon Federal Credit Union, you may find yourself quoting the inimitable RZA to say, “Cash-Back Rules Everything Around Me.” This versatile cash back credit card earns cash back for every purchase, every day, with no caps and no limits; cardholders can earn 2% cash back when they are a member of the PenFed Honors Advantage program, and there are special introductory perks that put this above many competing credit card offers.

Ideal for Those Who:

  • Can demonstrate military service, or you have an Access America Checking account from PenFed
  • Want a card with no annual fees and no foreign transaction fees
  • Will spend $1,500 in the first 90 days of account opening to earn a $100 credit statement
  • Will take advantage of an introductory APR of 0% for 12 months for balance transfers

PenFed Power Cash Rewards VISA Signature® Card Review

The PenFed Power Cash Reward VISA Signature® from PenFed is a great tool for anyone who wants a credit card with powerful cash-back rewards. If you have not yet joined the PenFed Honors Advantage program from Pentagon Federal Credit Union, you can earn 1.5% cash back on every purchase made with your card; if you’re a member, you’ll earn 2% cash back. Additionally, there are no caps, no limits, and no gimmicks – so you can accrue and redeem cash as much as you like, for purchasing the things you need to by every day.

Cardholders will earn a $100 statement credit when they spend $1,500 with their PenFed Power Cash Rewards card within 90 days of account opening. Another great introductory offer is 0% APR on balance transfers for 12 months after account opening; the nominal balance transfer fee makes this a pain-free process. When you take into account that there is no annual fee and no fee for foreign transactions associated with this card, saving money becomes even easier. The APR for both cash advances and purchases with the PenFed Power Cash Reward VISA Signature® is competitively low, beginning at between 12% to 20%, which means that when this card is used for large purchases not only will you get up to 2% cash back, but you’ll save money, too.

Additional benefits from the PenFed Power Cash Rewards VISA Signature Card include automatic enrollment into PenFed’s premium rewards program, complimentary 24/7 concierge service, enhanced security thanks to an EMV chip-enabled card, and much more. Best of all, you don’t military service to qualify (although this card is designed with military service members in mind) – all you need is an Access America Checking account from Pentagon Federal Credit Union.