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Sunday, June 4, 2023

PenFed Power Cash Rewards Visa Signature® Card Review

"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

4.7/5.0
Our Review »
  • 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
17.99% (Variable)
$0
Good to Excellent

Interest Rate

This card features the following interest rates on purchases and balance transfers:
  • Purchase Intro: N/A
  • Balance Transfer Intro: 0% for 12 Months
  • Regular APR: 17.99% (Variable)
See site for details »

Annual Fee

This card features the following fee to be paid annually by the cardholder:
  • Annual Fee: $0
See site for details »

Credit Needed

This card has the following general credit requirement for approval of new accounts:
  • Credit Level: Good to Excellent
See site for details »
Go To Application »

Our Ratings By Category

0% Balance Transfer
(Ranked #20 out of 21)
★★★★★
4.5
Best Overall
(Ranked #31 out of 149)
★★★★★
4.7
Cash Back
(Ranked #24 out of 51)
★★★★★
4.7
Excellent Credit
(Ranked #39 out of 59)
★★★★★
4.6
Good Credit
(Ranked #18 out of 57)
★★★★★
4.7
Low APR
(Ranked #8 out of 38)
★★★★★
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.

Alternatives to PenFed Power Cash Rewards Visa Signature® Card

Be sure to visit the official website for PenFed Power Cash Rewards Visa Signature® Card to learn complete details about its features and terms. If you’re not quite sure if PenFed Power Cash Rewards Visa Signature® Card is right for you, we encourage you to check out these guides to popular alternatives:

Before applying for the PenFed Power Cash Rewards Visa Signature® Card offer or any other offer, be sure you understand all fees, interest rates, and terms so you can make the best decision for your own financial goals.