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Apply online for PenFed Visa Platinum Cash Rewards Card
 
  • Intro APR
  • 9.99%
  • Regular APR
  • 9.99%
  • Intro APR Period
  • through June 30, 2014
  • Credit Score
  • Credit Score
    Excellent
  • Card Category
  • Best Card Offers, Cash Back, Gas, Low Interest, Reward
 
Credit Type
  Required Score
Excellent Credit
  750 — 850
Good Credit
  690 — 749
Fair Credit
  640 — 689
Poor Credit
  Poor
It is ok to estimate your credit. If you do not know your credit score you can get your free credit score instantly here
Curtis Arnold

Credit Card Review

 by Card Expert Curtis Arnold
Pentagon Federal Credit Union serves members of the Department of Defense (DOD)-related groups. I like how this card earns 5% cash back from gas purchases. You also receive 1% from all purchases up to $50,000. You pay no annual fee. A lengthy, low introductory purchase and balance transfer APR also set this card apart. The card requires excellent credit. The post-introductory APR is decent. Currently, the balance transfer fee is waived. You pay no interest on purchases if you pay your entire balance by the due date (25 days). Downside: The card requires a moderately heavy penalty APR.
 

PenFed Visa Platinum Cash Rewards Card Details

Card Issued By:
PenFed
General Correspondence Address:
PO Box 1432 Alexandria VA 22313
Card Type:
Visa
Card Class:
Platinum
Card Category:
Best Card Offers, Cash Back, Gas, Low Interest, Reward
States Available In:
ALL
Minimum Credit Limit:
Maximum Credit Limit:
Credit Limit Notes:

Credit Card Rate Information

 
Purchase
Balance Transfer
Cash Advance
Index:
Prime
Prime
Prime
Margin:
6.74
10.74
6.74
Standard APR:
9.99%
9.99% Variable. 24 months on transfers made between January 28, 2012 and March 31, 2012. After that, the APRfor the unpaid balance and any new balance transfers will be 9.99% and will vary with the market based on the Prime Rate.
9.99% Variable
Standard APR Floor:
None
None
None
Introductory Rate:
9.99%
1.99%
N/A
Introductory Period:
through June 30, 2014
24 months on transfers made between January 1, 2012 and March 31, 2012
None
 
Finance Calculation Method:
Average Daily Blance
Purchase Grace Period:
25 days
Default/Penalty APR:
17.99% Variable.
Default/Penalty Margin:
14.74
Default/Penalty APR Floor:
None
Maximum Default APR:
17.99%
Penalty/Default Trigger:
If your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable Penalty APR. The Penalty APR will remain in place until you make three (3) consecutive monthly payments on or before the due date.

Credit Card Fee Information

Annual Fee:
None
Foreign Transaction Fee:
N/A
Late Fee:
Up to $25 max.. Up to $10 if balance is less than $1000; Up to $20 if balance is $1000-$2000; Up to $25 if balance is greater than $2000
Over-the-limit Fee:
N/A. None
Balance Transfer Fee:
3% fee. 3% (minimum $10, maximum $250) per transaction*
Cash Advance Fee:
N/A. None
Rebates/Notes
Rebate Description:
You will receive a rebate of 5.00% on purchases when you pay at the pump. In addition, 1.00% rebate on all other net purchases (new monthly purchases minus returns and credits) you make with the card during each billing cycle. Cash advances, credit card checks, balance transfers or account fees are excluded. The rebate will be credited to your account each billing cycle. If your account is closed, any accrued rebate is forfeited.
Special Notes:
Earn 5.00% Cash Back from Gas Purchases Paid at the Pump*. Earn 0.25% cash back on all purchases you make with the card during each billing cycle**
Apply online for PenFed Visa Platinum Cash Rewards Card
 
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