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Chase Freedom Unlimited®
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn unlimited 1.5% cash back on all purchases.
- 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
- No annual fee
- No minimum to redeem for cash back
- Cash Back rewards do not expire as long as your account is open
Citi® Double Cash Card - 18 month BT offer
- Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
- To earn cash back, pay at least the minimum due on time.
- Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
- Balance Transfers do not earn cash back.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
- The standard variable APR for Citi Flex Plan is 13.99% - 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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What Pentagon Federal Credit Union says about this card
- $100 statement bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
- 0% promotional rate for 12 months on balance transfers made between now and September 30, 2020. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. 3% balance transfer fee per transaction. 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.
- Rate and offers current as of July 1, 2020 and subject to change.
- Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards.
- Earn 3 points on supermarket purchases (3 points/dollar spent)
- Earn 1 point on all other purchases (1 point/dollar spent)
- No annual fee
- No foreign transaction fees
- No cash advance fee
- Chip and Contactless 'Tap to Pay' enabled for added security, ease and convenience at the point of sale
- Click and Pay eligible, via Secure Remote Commerce, so you can enjoy easy and secure online buying checkout
- Purchase variable rate as low As 13.49% APR and capped at 17.99%
By Amber Stubbs Managing Editor Updated Jul 1, 2020
Pentagon Federal Credit Union has grown into one of the country's largest credit unions by offering solid financial products to military families and their supporters. Their PenFed Platinum Rewards Visa Signature® Card offers outstanding value for families that spend a lot of money every year at gas stations and grocery stores, all with no annual fee. For this reason, the PenFed Platinum Rewards Visa Signature® Card was named a 2019 CardRating's Editor's Choice Award winner for Best Gas Rewards card.
Best card for gas and grocery rewards
This card is best for anyone with large grocery bills and heavy personal mileage. PenFed designs its credit cards around the needs of military families, explaining some of the extraordinary rebates you can rack up with this account. Gas purchases earn five points per dollar – the equivalent of a 5 percent rebate – when you pay at the pump. Supermarket purchases score three points per dollar, and all your other purchases earn one point per dollar. (For the benefit of military families, PenFed considers military commissaries the same as supermarkets.)
Plus, you can earn a $100 bonus after you spend $1,500 within the first 90 days.
Redeeming your points requires a quick trip to PenFed's online rewards center, which will look familiar if you've ever used similar tools from the Chase Ultimate Rewards® or Citi ThankYou® programs. Although the site offers a handful of electronics and household goods, you'll generally get the best value by trading points for Visa prepaid reward cards or instant e-certificates to retailers like Amazon and Gap.
Bonus perks for overseas travelers
Like other PenFed credit cards, the PenFed Platinum Rewards Visa Signature® Card charges no foreign transaction fees. That can make a big budgetary difference to military personnel deployed overseas, saving between 3 and 5 percent on every transaction compared to most credit cards. PenFed also includes comprehensive travel accident insurance for members and their families traveling on itineraries purchased with this card.
How the PenFed Platinum Rewards Visa Signature® Card compares to other gas credit cards
The big banks' best gas credit cards can't stand up to the PenFed Platinum Rewards Visa Signature® Card. Although cards from Chase, American Express (American Express is a CardRatings advertiser) and Discover offer occasional 5 percent rebates on U.S gas purchases, their offers usually expire after a few months or come with spending caps. Most co-branded gas cards top off their rebates at about 3 percent, while requiring you to track down a participating gas station. PenFed doesn't restrict members' earning potential on their 5 point gas rewards. In fact, the promotional materials for this account advise cardholders to use their cards as much as possible to earn extra rewards.
Top Features
| Cash Back on Gas | Cash Back on Groceries | Cash Back on Other |
| Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards. | 3 points | 1 point |
CardRatings Editor's Analysis: Pros & Cons
- This card offers top-of-the-line rebates when you pay at the pump for your gas – five points per dollar or the equivalent of 5 percent. Purchases at grocery stores also earn bonus returns – three points per dollar.
- Our 2019 Editor's Choice pick for Best Gas Rewards.
- Earn a $100 bonus after spending $1,500 on the card in the first 90 days.
- This card really benefits people who spend a lot at gas stations and grocery stores, in particular. If you don't spend a lot on in those categories, there are likely better card options for you.
