
Best Of Product
PenFed Platinum Rewards Visa Signature® Card
Would you recommend PenFed Platinum Rewards Visa Signature® Card to your friends?
Community Rating |
Rating not yet determined |
Purchase APR (Variable APR) |
17.99% (Verified 02/08/2023) |
Balance Transfer APR (Variable APR) | 17.99% |
Credit Score Range | 650 - 850 |
Annual Fee | $0 |
PenFed Platinum Rewards Visa Signature® Card Review
This is a rewards card issued by PenFed Credit Union. If you're wondering whether PenFed Platinum Rewards Visa is the right card for you, read on.
Key Takeaways
- Generous reward rate. You can get a rewards rate of up to 5 reward points per dollar spent.
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
- 15,000 Bonus Points when you spend $1,500 in first 90 days.
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 17.99%
- No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. PenFed Platinum Rewards Visa Signature® Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees.
- No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
- Gas rewards. 5x points on eligible fuel purchases.
- Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, emergency support, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of PenFed Platinum Rewards Visa
The Good | The Bad |
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PenFed Platinum Rewards Visa FAQ
Does PenFed Platinum Rewards Visa have a cash back or rewards program?
PenFed Platinum Rewards Visa is a rewards card.
Minimum rewards rate | 1x |
Max rewards rate | 5x |
Annual rewards limit | N/A |
Signup Bonus ($) | N/A |
Signup Bonus (Points/Miles) | 15000 |
Signup Bonus Spend Requirement | $1500 |
Signup Bonus Spend Period (months) | 3 months |
Does PenFed Platinum Rewards Visa have a signup bonus?
This card doesn't offer a cash signup bonus. However, it does include a 15000 points signup bonus after spending $1500 that can be redeemed for travel, gifts, or other perks.Does PenFed Platinum Rewards Visa offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the PenFed Platinum Rewards Visa benefits?
It provides the following benefits:
- Emergency Support
- Zero fraud liability
- Travel Accident Insurance
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for PenFed Platinum Rewards Visa?
According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.PenFed Platinum Rewards Visa Signature® Card has a variable purchase APR of 17.99%. The card has a variable balance transfer APR of 17.99% . It also has a variable cash advance APR of 17.99% . Note that late payments are subject to an APR of 17.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Does PenFed Platinum Rewards Visa have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 12 months.
Description | |
---|---|
Balance Transfer Introductory APR | 0% |
Balance Transfer Intro APR Period | 12 months |
Balance Transfer APR | 17.99% |
Balance Transfer Fee % | 3% |
Does PenFed Platinum Rewards Visa have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for PenFed Platinum Rewards Visa?
The following fees apply:
- There is no overlimit fee
Fees | Amount |
---|---|
Annual Fee | $0 |
Overlimit Fee | $0 |
Foreign Transaction Fee | 0% |
Returned Payment Fee | up to $25 |
Late Payment Fee | up to $28 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.
Does PenFed Platinum Rewards Visa have a foreign transaction fee?
This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.What is the customer service phone number for PenFed Platinum Rewards Visa?
The PenFed Platinum Rewards Visa customer service number is (800) 247-5626.
What is the support contact email for PenFed Platinum Rewards Visa?
The support contact email for PenFed Platinum Rewards Visa is info@hq.penfed.org.
What is the PenFed Platinum Rewards Visa login page?
You can access the PenFed Platinum Rewards Visa login page here.
How do people rate the customer service and user experience of PenFed Platinum Rewards Visa?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does PenFed Platinum Rewards Visa Signature® Card report your account activity to credit bureaus?
Yes, PenFed Platinum Rewards Visa Signature® Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply for PenFed Platinum Rewards Visa
- Visit the PenFed Platinum Rewards Visa website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Message From PenFed Platinum Rewards Visa
Contact
- Headquarters
-
7940 Jones Branch Dr
Tysons, VA 22102 USA - (800) 247-5626
- Visit Site
- Email Support
Other Services by PenFed Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Cash Advance Fee Minimum | $0 |
Cash Advance Fee (%) | 0% |
Foreign Currency Transaction Fee | 0% |
No Annual Fee | |
No Foreign Transaction Fee | |
Annual Fee | $0 |
Minimum Interest Charge | $0 |
Over-Limit Fee | $0 |
No Interest Grace Period for Late Payment | 25 days |
Returned Payment Fee | Up to $25 |
Late Fee Amount | Up to $28 |
PenFed Platinum Rewards Visa Signature® Card Community Reviews
Would you recommend PenFed Platinum Rewards Visa Signature® Card to your friends?
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