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PenFed Platinum Rewards Visa Signature® Card

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The PenFed Platinum Rewards Visa Signature Card features rewards for gas and groceries. It has no annual fee or foreign transaction fee, and a 0% intro APR for balance transfers. You have to be a member in order to get the card, however.

Our rating
Min. credit level: Fair
Annual Fee: $0
Regular APR: 11.74% to 17.99% Variable
Intro Balance Transfer APR: 0% for 12 months

PenFed Platinum Rewards Visa Signature® Card

Our rating
Fair Min. credit level
$0 Annual Fee
Apply Now Read our Review

Highlights & Features


  • 5X points per dollar on Gas purchases at the pump
  • 3X points per dollar on Groceries
  • 1X point per dollar on all other purchases


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

Balance Transfers

A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.

Intro Balance Transfer APR 0% for 12 months
Regular Balance Transfer APR 11.74% to 17.99% Variable
Balance Transfer Fee 3% per transaction
How to Transfer a Balance on a Credit Card


Penalty APR 17.99%
Late Fee Up to $28
Returned Payment Fee Up to $25
Additional Cards Annual Fee N/A
Foreign Transaction Fee None
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 11.74% to 17.99% Variable
Cash Advance Fee None
How to Get a Cash Advance with a Credit Card
PenFed Platinum Rewards Visa Signature® Card


  • $100 statement bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 0% promotional rate for 12 months on balance transfers made between now and September 30, 2020. 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.
  • Rate and offers current as of July 1, 2020 and subject to change.
  • Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards.
  • Earn 3 points on supermarket purchases (3 points/dollar spent)
  • Earn 1 point on all other purchases (1 point/dollar spent)
  • 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
  • Purchase variable rate as low As 13.49% APR and capped at 17.99%

PenFed Credit Union

PenFed Credit Union has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-800-581-7786 or

Try a different phone number
See all Issuer Cards

The PenFed Platinum Rewards Visa Signature Card offers reward points as well as travel assistance.

With this card you’ll earn 5X points per dollar at the gas pump, 3X points on groceries, and 1X point everywhere else.

This card offers a 0% promotional balance transfer APR for 12 months, and then the APR for any unpaid balance or any new balance will be 8.24% 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. This transaction is subject to credit approval. A 3% balance transfer fee applies to each transfer. 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.

There’s no annual fee and no foreign transaction fees for this card.

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.