Premium cashback at the price of a regular card. No annual fee!
PenFed Platinum Rewards Visa Signature® Card: Multiply your Cashback!
Advertisement
PenFed is one of the largest credit unions in the United States. This means you’ll have access to a variety of loans, PenFed HELOC, and, of course, cards like the PenFed Platinum Rewards Visa Signature® Card. An excellent option with no annual fee and a comprehensive Cashback program. Enjoy competitive rates in the market along with the entire structure and tradition of PenFed.
PenFed is one of the largest credit unions in the United States. This means you’ll have access to a variety of loans, PenFed HELOC, and, of course, cards like the PenFed Platinum Rewards Visa Signature® Card. An excellent option with no annual fee and a comprehensive Cashback program. Enjoy competitive rates in the market along with the entire structure and tradition of PenFed.
You will remain in the same website
This is where common cards are set apart from those that truly deserve the space within our wallets. Discover the reasons why now!
You will remain in the same website
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
PenFed is one of the largest credit unions in the United States, boasting over 2 million members and managing an astounding sum of over $27 billion. What does this mean?
It means you can trust the institution. Because when it comes to the Visa signature, you already have confidence.
Thus, nothing is lacking for the PenFed Platinum Rewards Visa Signature® Card to become your favorite credit card.
Upsides and advantages
- Zero annual fee: One of the major perks of the PenFed Platinum Rewards Visa Signature® Card is the absence of an annual fee. This means you won't have to pay any yearly charges to keep the card active, saving you money in the long run;
- Competitive rates you can count on: PenFed Credit Union takes pride in offering competitive rates and excellent customer service. In fact, the company ranked first in the J.D. Power 2022 U.S. Credit Union Member Satisfaction Study. This ensures you are getting a great deal when choosing the PenFed Platinum Rewards Visa Signature® Card;
- Open to everyone: Despite being the Pentagon Federal Credit Union, anyone can apply for an account;
- High bonus category earning rate: Earn up to 5 times more Cashback points;
- No foreign transaction fees: An advantage for those making international transactions;
- 0% introductory APR on balance transfers: A temporary benefit worth taking advantage of;
- EMV chip for enhanced security: Rely on something that truly makes your transactions secure;
- No annual fee (again!): A recent advantage of the PenFed Platinum Rewards Visa Signature® Card;
- Interest-free purchases: No interest will be charged on purchases if you pay the full balance of your account, including balance transfers and cash advances, by the due date each month.
Downsides and limitations
- Must be a PenFed member: This requirement might catch some off guard. Unlike many other credit cards, the PenFed Platinum Rewards Visa Signature® Card is only available to members of the PenFed Credit Union;
- Complicated reward program: The rewards program of the PenFed Platinum Rewards Visa Signature® Card may seem attractive at first glance: 5 points per dollar on gas, 3 points on groceries and dining, and 1 point on all other purchases;
- There’s a balance transfer fee: If you're considering using the PenFed Platinum Rewards Visa Signature® Card to consolidate debts with high interest rates, think again. Despite offering a 0% introductory APR on balance transfers for 12 months, there is an initial 3% fee on the transferred amount. This could offset any interest savings you may gain;
- No major extra benefits: Beyond reward points, the PenFed Platinum Rewards Visa Signature® Card doesn't offer many additional benefits compared to other cards on the market. There's no complimentary travel insurance, rental car protection, or access to airport VIP lounges. For those seeking a card with these types of advantages, the PenFed Platinum Rewards Visa Signature® Card may not be the ideal choice;
- Limited redemption options: As mentioned earlier, points from the PenFed Platinum Rewards Visa Signature® Card cannot be exchanged for cash or statement credit. This restricts your redemption options and may make it challenging to extract maximum value from them.
In conclusion, it won't be a bad idea to rely on the convenience of the PenFed Platinum Rewards Visa Signature® Card. Enjoy the entire structure and be a Premium member without paying an annual fee.
PenFed Credit Union is a non-profit cooperative that offers a variety of financial products and services to its members. Founded in 1931, PenFed is the largest credit union in the country, with over 2 million members worldwide.
PenFed Credit Union provides a range of financial products and services, including: - Checking and savings accounts; - Credit cards; - Personal and mortgage loans; - Investment services; - Insurance.
The customer service phone number for PenFed Credit Union is 1-800-247-5626. You can also reach out to PenFed through online chat, email, or mail.
Discover more about the Wells Fargo Active Cash® Card. An excellent companion that rewards all your expenses with 2% Cashback.
We've prepared a comprehensive guide with everything you need to know about this valuable gem from Wells Fargo.
Apply for Wells Fargo Active Cash® Card
Unlock real cashback with the Wells Fargo Active Cash® Card! Whether applying online or via the app, it's simple and quick. Explore now!
Trending Topics
Top Books on Financial Literacy: Invest in Your Future!
Explore the top books on financial literacy and invest in your future! Unlock the keys to financial freedom with these must-reads.
Keep Reading
How to Apply for the First Digital Mastercard®: Get score back!
Discover how to Apply First Digital Mastercard® and boost your credit score! A step-by-step guide to earning cash back!
Keep Reading
Total Visa® Card Review: Fast and Powerful Card!
Explore our detailed Total Visa® Card Review – your fast and powerful solution for a credit card without the hassle of credit history!
Keep ReadingYou may also like
PenFed Platinum Rewards Visa Review: Earn Extra Cashback Points
Explore our comprehensive PenFed Platinum Rewards Visa Signature® Card Review for an in-depth look at its perks. No annual fee and Cashback!
Keep Reading
How to Apply for the First Access Visa® Card: Fast and powerful!
Apply First Access Visa® Card: Rebuild your credit with fast, user-friendly approval. Start your journey to financial improvement today!
Keep Reading
Apply for Mission Lane Visa® Credit Card: for all types of credit
Learn how to apply for your Mission Lane Visa® Credit Card without fear of credit checks! We’ll tell you how to do it in this post!
Keep Reading