PenFed Power Cash Rewards Visa Signature® Card


For People with
Fair Credit

REVIEWS

Reviews

The PenFed Power Cash Rewards Visa Signature® Card earns an unlimited 1.5% cash back on all the purchases you make, with no caps or category restrictions. If you can spend $1,500 in the first 90 days, you’ll also get a $100 statement credit signup bonus.

You’ll get a 0% promotional balance transfer APR for 12 months, and then the APR for any unpaid balance or any new balance will be 11.74% to 17.99% Variable based on your creditworthiness, which includes an evaluation of your credit history and the length of your PenFed membership and will vary with the market based on the Prime Rate. 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.

If you’re in the PenFed Honors Advantage program you’ll earn 2% cash back on all of your purchases, rather than 1.5%. To qualify you must either be an active or retired member of the military, or maintain a PenFed Access America checking account.

This card has no annual fee.

To apply for this product, you must become a member of PenFed. You can check the membership requirements for PenFed here. PenFed is federally insured by NCUA.

Card Quick Facts

Card Quick Facts

  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 0% APR promo balance transfer rate for 12 months with 3% balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary with the market based on Prime Rate. 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.
  • Rate and offers current as of September 1, 2019 and are subject to change.
  • 1.5% unlimited cash back on all purchases
    • Flexible cash redemption options
    • No caps, limits or category restrictions on rewards
    • Earn 2% cash back through the PenFed Honors Advantage program
  • No annual or foreign transaction fees
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low as 11.74% APR

For People with
Fair Credit

REVIEWS

Reviews

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Card Details

Rewards

Rewards

  • 1.5% cash back on all purchases made with your card
    • 2% cash back on all purchases for PenFed Honors Advantage Members

Introductory Bonus

  • $100 statement credit after spending $1,500 in the first 90 days
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 11.74% to 17.99% Variable
Intro Purchase APR -
Foreign Transaction Fee None
Chip Technology Chip-and-Signature & Chip-and-PIN
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score No
Penalty APR 17.99%
Late Fee -
Returned Payment Fee Up to $25
Balance Transfers

Balance Transfers

Intro Balance Transfer APR 0% for 12 months
Regular Balance Transfer APR 11.74% to 17.99% Variable
Balance Transfer Fee 3% balance transfer fee now through September 30, 2019
Cash Advances

Cash Advances

Cash Advance APR 11.74% to 17.99%
Cash Advance Fee 5% or minimum $5 per transaction

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • Visa Signature Concierge Service

    Find tickets to the top sports and entertainment events, make dinner reservations, and even get help finding and sending the perfect gift. Just call 1-800-953-7392 to speak with your concierge.

  • Visa Signature Luxury Hotel Collection

    Choose from over 900 luxury hotels around the world. Cardmembers receive perks like the best available rate, automatic room upgrades, complimentary in-room WiFi, and more.

  • Sonoma Wine Country

    Get the chance to taste award-winning, handcrafted wines year-round.

  • Emergency Replacement

    Visa will work with your bank to get you your card replacement ASAP — within 24 to 72 hours.

  • Emergency Cash Disbursement

    Visa can arrange a wire cash transfer to your local Western Union bank within 2 hours of approval from your bank.

  • Lost/Stolen Card Reporting

    Call your Visa card issuer or Visa Global Customer Care Services at 1-800-847-2911 to report your card lost or stolen.

  • Zero Fraud Liability

    You will not be held responsible for unauthorized use of your card.

  • Purchase Security

    Your eligible lost or damaged items can be replaced, repaired, or reimbursed within 90 days from the date of purchase due to covered reasons. Up to $500 per claim.

  • Warranty Manager Service

    Eligible warranties of 3 years or less can be extended by up to an additional year.

  • Roadside Assistance

    Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency.

  • Travel and Emergency Assistance

    Provides help with emergencies, including legal and medical referrals.

  • Travel Accident Insurance

    Get reimbursed if you or a family member gets in an accident or dies while traveling.

  • Auto Rental Collision Damage Waiver

    Provides coverage against theft and collision for eligible rental cars, as long as the car rental company’s own insurance is declined.

Visitor Reviews

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Average rating:  
 1 reviews
by Morgan
Excellent 2% Flat Card

Card has been outstanding. 2% Flat-rate cashback is competitive with anything on the market without an annual fee. No Foreign Transaction fee and chip & PIN capability makes it superior to other alternatives for anyone travelling overseas. Being Visa helps too.The card does come with a FICO 9 Score from Equifax monthly which is left off of the above review.I've heard reports that they are not as accommodating for lower credit scores at this time.I also regularly get offers for 0% Balance Transfers for 12 months after having signed up.Membership at PenFed is pretty easy as well, and they offer a decent Savings Account product that's competitive with the big online banks.

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