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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
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.

This card compared to other cash back cards

Cashback on Gas
Up to 5% cash back on gas purchases paid at the pump*
1%
1% When You Buy, 1% As You Pay
Cashback on Groceries
N/A
1%
1% When You Buy, 1% As You Pay
Cashback on other
N/A
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.
1% When You Buy, 1% As You Pay
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.
11.24% - 23.24% Variable 
13.24% - 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 May 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 Discover it®- Cashback Match™ with No Annual Fee

Discover it®- Cashback Match™ with No Annual Fee

  • 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.
  • Click "APPLY NOW" to see rates, rewards, FICO(R) Credit Score terms, Cashback Match(TM) details & other information.
Credit Needed:
Excellent/Good
Apply online for Citi® Double Cash Card

Citi® Double Cash Card

  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*
Credit Needed:
Excellent/Good