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Apply online for PenFed Platinum Cash Rewards Visa® Card
About Our Ratings
Credit Needed
Excellent

Top Features

Cashback on Gas
Up to 5% cash back on gas purchases paid at the pump*
Cashback on groceries
N/A
Cashback on other
N/A
Annual Fee
See terms

This card compared to other cash back cards

Cashback on Gas
Up to 5% cash back on gas purchases paid at the pump*
1.5%
1%
Cashback on Groceries
N/A
1.5%
1%
Cashback on other
N/A
1.5%
5% cash back in categories that change each quarter like gas, restaurants, Amazon and more - up to $1500 every quarter you activate. Plus, unlimited 1% cash back on all other purchases.
Purchase Intro
APR:
N/A
APR:
0%
Period:
for 15 Months
APR:
0%
Period:
for 12 months
Purchase APR
10.24% to 17.99% when you open your account, based on your credit worthiness.* Your APR will vary with the market based on the Prime Rate.
14.24%-23.24% (Variable) 
11.24% - 23.24% Variable 
This card is best for eligible credit union members seeking cash back rewards on gas purchases paid at the pump and a decent APR.
CardRatings.com Editorial Staff

PenFed Platinum Cash Rewards Visa® Card details

Balance Transfer Intro APR
0%
Balance Transfer Intro Period
12 months
Purchase Intro
APR:
N/A
Purchase APR
10.24% to 17.99% when you open your account, based on your credit worthiness.* Your APR will vary with the market based on the Prime Rate. 
Annual Fee
See terms
see more  

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 6.74 - 14.74
 6.74 - 14.74
 6.74 - 14.74
APR:
  10.24% to 17.99% when you open your account, based on your credit worthiness.* Your APR will vary with the market based on the Prime Rate.
 10.24% to 17.99% when you open your account, based on your credit worthiness.* Your APR will vary with the market based on the Prime Rate.
 9.99% - 17.99%
APR Floor:
 None
 None
 None
Intro Rate:
 N/A
 0%
 N/A
Intro Period:
 N/A
 12 months
 None


Finance Calculation Method:
 Average Daily Balance (including new purchases)
Default/Penalty APR:
 17.99%
Default/Penalty Margin:
 N/A
Default/Penalty APR Floor:
 None
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 See terms
Foreign Transaction Fee:
 None
Late Fee:
 Up to $25
Over-the-limit Fee:
 0% ( $0 max.)
Balance Transfer Fee:
3% per transaction  


Notes:

Rebate Description:
 For a limited time, earn a $100 bonus statement credit when you spend $1,500 in the first 90 days. Earn 3 or 5% cash back on gas purchases paid at the pump. You can earn 5% on gas purchases paid at the pump and avoid an annual fee by obtaining a qualifying PenFed product, such as checking account, money market certificate, mortgage, home equity line and others (see website for details and conditions).
Special Notes:
 Plus Card: 5% cash back on gas purchases paid at the pump and no annual fee. Standard Card: 3% cash back on gas purchases paid at the pump and no annual fee for the first year, then $25.
Credit Card More Information:

Card Issued By:
 Pentagon Federal Credit Union
General Correspondence Address:
 PO Box 1432
Card Type:
 Visa
Card Class:
 Platinum
Card Category:
 
States Available In:
 
Minimum Credit Limit:
 $500 min.
Maximum Credit Limit:
 $50000 max.
Credit Limit Notes:
 

What Pentagon Federal Credit Union says about this card

  • 0% APR promo balance transfer rate for 12 mos. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary with the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of June 1, 2016 and subject to change.
  • PenFed Platinum Cash Rewards Plus Card features
    • 5% cash back on gas purchases paid at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards
    • Cash rewards automatically awarded to your account every month.
    • No caps, limits or tiers on rewards
    • No annual fee
    • No foreign transaction fee
  • PenFed Platinum Cash Rewards Standard Card Features
    • 3% cash back on gas purchases paid at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards
    • Cash rewards automatically awarded to your account every month.
    • No caps, limits or tiers on rewards
    • No annual fee for the first year, then $25
    • No foreign transaction fee
  • Visit https://penfed.org/platinum-cash-rewards-card for Plus qualification requirements
  • Chip Enabled for Added Security
  • Federally insured by NCUA

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Special offers
Currently available on the PenFed Platinum Cash Rewards Visa® Card
$100 bonus
After spending $1,500 in purchase transactions within 3 months of account opening.

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Apply online for Chase Freedom Unlimited℠

Chase Freedom Unlimited℠

  • NEW! Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Redeem for cash - any amount, anytime
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Credit Needed:
Excellent/Good
Apply online for Discover it® Cashback Match™

Discover it® Cashback Match™

  • You could turn $200 into $400 with Cashback Match(TM). We'll automatically match all the cash back you earn at the end of your first year. New cardmembers only.
  • Earn 5% cash back in new bonus categories like gas, restaurants, Amazon and more - up to $1500 every quarter you activate. Plus, unlimited 1% cashback on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • FICO(R) Credit Scores for free on statements and online.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO(R) Credit Score terms, Cashback Match(TM) details & other information.
Credit Needed:
Excellent/Good