Earn Cash Back for everyday purchase. With the PenFed Power Cash Rewards Visa Signature® Card, earn a $100 statement credit bonus when you spend $1,500 in the first 90 days.
Update 11/26/24: If you’re a PenFed Honors Advantage Members, you can enjoy 2% Cash Back on all purchases.
PenFed Power Cash Rewards Summary
- Bonus Offer:
- $100 Bonus Offer Statement Credit When you spend $1,500 in the first 90 days
- Rewards:
- 2% Cash Back on all purchases for PenFed Honors Advantage Members
- 1.5% Cash Back on all purchases made with your card
- Foreign Transaction Fees: None. You won’t be charged extra for using your PenFed card outside of the U.S.
- Annual Fee: $0
(Visit PenFed to learn more)
PenFed Power Cash Rewards Features & Benefits
- No Fees
- Enhanced Security
- Transfer a Balance
- Discounts
- At Your Service, 24/7
- Learn More
PenFed Power Cash Rewards Eligibility
When applying for this Power Cash Rewards credit card, you would have to join the PenFed credit union. You must meet at least one of the qualifications below to be able to sign up for this credit card offer such as:
- If you are retired, honorably discharged or currently serving the U.S. military.
- Are you are an employee of a qualifying organization?
- Belonging to a qualifying association or organization.
- If you are an employee of the U.S. government.
- Do you live or work in an eligible location.
- You are a family member or housemate of someone who is eligible.
However, if none of the above requirements qualify to you, then you can join the National Military Family Assoication or Voices for America’s Troops to be able to qualify. There will be a small amount of fees to be paid if applying for this credit card.
Visit penfed.org for more information
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Bottom Line
PenFed Power Cash Rewards Visa Signature is one of the top cash back credit cards with an amazing 2% rate if you eligible to qualify. Signing up for this card, you will even receive a great bonus.
However, if you are not a PenFed Honors Advantage member, then you should consider other credit card choices that would match or be better than the 1.5% starting cash back rate.
For more options, see our list of the latest credit card offers.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
