The Ultimate Guide to Credit Cards
Tuesday, February 7, 2023

PenFed Power Cash Rewards Visa Signature® Card

► 2023 Review, Application & Rates

"This is a solid cash back card akin to other 1.5% and 2% cash back offerings, but the low purchase APR and fees put this one ahead of similar cards from big banks for those who qualify."
- Toby Sembower,
Advertiser Disclosure
PenFed Power Cash Rewards Visa Signature® Card Review

at the issuer'ssecure website

BEST OVERALL RATING

★★★★★

4.7

OVERALL RATING

  • Earn 1.5% cash back on all purchases with no caps or limits. PenFed Honors Advantage Members earn 2% cash back on all purchases.
  • $100 bonus offer statement credit when you spend $1,500 in the first 90 days of account opening.
  • Introductory Balance Transfer APR for 12 months, 3% fee applies to each transaction. Subject to credit approval.
  • Your PenFed signature card provides a complimentary concierge* service that can help you enjoy the things you love. Simply pick up the phone to call Visa Signature Concierge.
  • Credit union membership is open to everyone.
  • $0 Annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 12 Months
16.49% - 17.99% Variable
$0
Good to Excellent

Interest Rate

Annual Fee

Credit Needed

Our Ratings By Category

0% Balance Transfer
(Ranked #18 out of 19)
★★★★★
4.5
Best Overall
(Ranked #33 out of 148)
★★★★★
4.7
Cash Back
(Ranked #26 out of 50)
★★★★★
4.7
Excellent Credit
(Ranked #44 out of 63)
★★★★★
4.6
Good Credit
(Ranked #21 out of 56)
★★★★★
4.7
Low APR
(Ranked #8 out of 39)
★★★★★
4.7

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.