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PenFed Platinum Rewards Visa Signature® Card

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Our rating
Credit range: Fair
Annual Fee: $0
Regular APR: 11.74% to 17.99% Variable
Intro Balance Transfer APR: 0% for 12 months now through March 31, 2020

PenFed Platinum Rewards Visa Signature® Card

Our rating
Fair Credit range
$0 Annual Fee
Apply Now Read our Review

Highlights & Features

Rewards

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

INTRODUCTORY BONUS

$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 now through March 31, 2020
Regular Balance Transfer APR 11.74% to 17.99% Variable
Balance Transfer Fee 3% per transaction

Fees

Penalty APR 17.99%
Late Fee None
Returned Payment Fee Up to $25
Additional Cards Annual Fee None
Foreign Transaction Fee None

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%
  • Cash Advance Fee: None
ABOUT THE ISSUER

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
PenFed Platinum Rewards Visa Signature® Card

Highlights

  • $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 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 w/the market based on Prime Rate. 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 October 1, 2019 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
  • Earn 1 point on all other purchases
  • No annual fee
  • No foreign transaction fees
  • No cash advance fee
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low As 11.74% APR

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 now through March 31, 2020, and then the APR for any unpaid balance or any new balance will be 8.99% 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.