Earn Cash Back for Everyday Purchases
No Caps. No Limits. No Gimmicks.
2% Cash Back on all purchases for PenFed Honors Advantage Members
1.5% Cash Back on all purchases made with your card
$100 Bonus Offer Statement Credit When you spend $1,500 in the first 90 days
0% Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. 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.
Annual Fee: $0
Purchase Variable APR: 17.99%
Refer to PenFed.org for Terms/Conditions
Power Cash Rewards Visa Signature® Card Review
May 24, 2022
The Power Cash Rewards Visa Signature® Card Review from PenFed is one of the better flat cash back credit cards in the market today. Cardholders earn 1.5% cash back on purchases without having to pay an annual fee. PenFed Honors Advantage Members earn a higher - 2% cash back - rewards rate which this a compelling offer. A benefit worth considering is not having to optimize your spend in order to get great rewards.
The card also features an attractive welcome offer. Cardholders earn a $100 bonus statement credit bonus after spending $1500 in purchases in the first 90 days of card membership.
The card also comes with a promotional intro APR. New cardholders can reap the benefits of 0% intro APR for 12 months from account opening on balance transfers. Once the intro period ends, variable APR of 17.99%, 3% fee applies to each transaction. Subject to credit approval. This card is a serious contender for PenFed checking accountholders and military personnel who can maximize the amount of rewards gained.
Serious Security
100% Free
