Last Updated: 10/10/2025
PenFed Platinum Rewards Visa Signature® Card
Claimed
from PenFed Credit Union
Last Updated: 10/10/2025
SuperMoney User Recommendation Score +72
Strongly recommended29 total votes
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Highlights
Community Rating
Strongly recommended
Purchase APR (Variable APR)
17.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
17.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
700 - 850
Annual Fee
$0
Number of Reviews
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 Signature® Card 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% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 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.
- APR: This is not a great card for people who carry a balance. It has a variable regular 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.
- A 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. 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 security, travel accident insurance, travel assistance, and fraud protection.
- Good or excellent credit required. You will have low approval odds if your credit score is below good.
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.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gas | 5 x points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Groceries | 3 x points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Every Purchase | 1 x points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does PenFed Platinum Rewards Visa have a signup bonus?
Yes. 15,000 Bonus Points when you spend $1,500 in first 90 days.
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?
PenFed Platinum Rewards Visa Signature® Card 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 for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower 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 12 months.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer APR | 17.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Introductory APR | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Intro APR Period | 12 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee % | Starting at 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?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Foreign Transaction Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Annual Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Up to $28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 customer service number for PenFed Platinum Rewards Visa 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.
How do people rate the customer service and user experience of PenFed Platinum Rewards Visa?
Overall, PenFed Platinum Rewards Visa is strongly recommended based on community reviews that rate customer service and user experience.
Does PenFed Platinum Rewards Visa Signature® Card report your account activity to credit bureaus?
Yes, PenFed Platinum Rewards Visa Signature® Card reports to the following credit bureaus:
- 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 build your credit.
Does PenFed Credit Union perform a hard credit pull?
Yes, PenFed Platinum Rewards Visa performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for PenFed Platinum Rewards Visa
- Visit the website of PenFed Platinum Rewards Visa.
- 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from PenFed Platinum Rewards Visa
Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed
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Other Credit Cards from PenFed Credit Union
Purchase APR
17.99%
Disclaimer popup with additional information
Balance Transfer APR
17.99%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
Purchase APR
17.99%
Disclaimer popup with additional information
Balance Transfer APR
17.99%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$95
Purchase APR
17.99%
Disclaimer popup with additional information
Balance Transfer APR
17.99%
Disclaimer popup with additional information
Credit Score Range
700 - 850
300
850
Annual Fee
$0
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +72, or 4.4 on a 5-point rating scale.
+72
-1000+100
No one recommends
Everyone recommends
PenFed Platinum Rewards Visa Signature® Card Community Reviews
Would you recommend PenFed Platinum Rewards Visa Signature® Card to your friends?
AM
Athena M.
Jan 20, 2024
May or may not recommend
The PenFed Platinum Rewards Visa Signature® Card offers a rewards program with points and gas transactions, but its high APR, foreign transaction fees, and eligibility requirements may be a concern for international travelers and non-members. A more consistent system could improve cardholder satisfaction.
RW
Ryan W.
Jan 8, 2024
May or may not recommend
I've been using the PenFed Platinum Rewards Visa Signature® Card for a while now, and it's been fantastic! The rewards program is the highlight for me. I earn significant points on everyday purchases, and these points can be redeemed for travel, merchandise, or gift cards, which is incredibly rewarding.
The card also offers bonus points on certain categories like gas and groceries, making my regular spending even more beneficial. The no ...Show More
Aleeza M.
Jan 6, 2024
May or may not recommend
A forever credit card with high CL depending on income and credit score plus relationship with the credit union. They pull from Equifax for all their products. My Car loan refinance is through them, and my future 2nd home mortgage will also be through them. Bravo Zulu PenFed.
SM
Shalom M.
Dec 5, 2023
May or may not recommend
PenFed Platinum Rewards Visa: A Smart Credit Card Pick
Rating: ⭐⭐⭐⭐⭐
After a year with the PenFed Platinum Rewards Visa, it's become my go-to for smart spending. The rewards program is impressive, offering points on everyday purchases and a generous sign-up bonus. The low APR and introductory 0% APR on balance transfers for the first 12 months are significant perks.
The online portal and app are user-friendly, simplifying transactions and reward redemption. Customer ...Show More
Yetunde A.
Dec 5, 2023
May or may not recommend
The PenFed Platinum Rewards Visa Signature® Card offers exceptional cash-back rewards on gas and grocery purchases which is an attractive option for everyday spenders, a category virtually everyone falls into. With unlimited 3% cash back on groceries, dining, and travel, cardholders can accumulate rewards quickly and easily.
However, the card's annual fee may deter some potential users. Additionally, it lacks certain perks offered by competing cards, such as airport lounge access ...Show More
SF
Subomi F.
Nov 12, 2023
May or may not recommend
If you're a frequent driver who spends a lot of money on gas, the PenFed Platinum Rewards Visa Signature® card is a no-brainer. This card offers an unbeatable 5x points on gas paid at the pump and at EV charging stations. That means you'll earn 5 points for every dollar you spend on gas, which you can then redeem for cash back, travel rewards, or merchandise.
In addition to its stellar ...Show More
MS
Mohamed S.
Nov 11, 2023
May or may not recommend
My experience with the PenFed Platinum Rewards Visa Signature® Card has been highly positive. The rewards program, especially the bonus on gas purchases, sets it apart. The low APR and no annual fee make it a cost-effective choice. The only drawback is the eligibility requirement of PenFed membership, but if you qualify, it's a fantastic card for everyday spending.
AC
Audree C.
Nov 8, 2023
May or may not recommend
I don't dislike PenFed, but I would never use them. My mother has the credit required, but it wasn't so easy to get approved. They have no annual fee but charge 3% for balance transfers. That is always the deal breaker for me. In hard times, I can't always afford a balance transfer fee and according to my mother, their customer service could be better. They continue to place her ...Show More
JW
Janet W.
Nov 8, 2023
May or may not recommend
The PenFed Platinum Rewards Visa Signature® Card offers great rewards and benefits for cardholders. It's a top choice for maximizing your spending.
Syed Muhammad S.
Nov 7, 2023
May or may not recommend
PenFed generally receives positive feedback for its customer service, with representatives being responsive and helpful in addressing cardholders' concerns or inquiries.
Overall, the PenFed Platinum Rewards Visa Signature® Card is a reliable choice for individuals who want a rewards credit card with no annual fee and who primarily spend on gas, groceries, and dining. Its redemption options, lack of an annual fee, and additional Visa Signature benefits make it a competitive ...Show More
ID
Irini D.
Nov 3, 2023
May or may not recommend
There is no annual fee and no foreign transaction fee. Has some amazing benefits, have worked with them for a long time and I would definitely recommend it.
GM
Gina M.
Oct 29, 2023
May or may not recommend
I really liked that the limited started out at $7,500 as usually it takes a while to grow into a larger amount. I also am very particular about the reward to sign up and felt like 15,000 points after $1,500 spend during first 3 months of card open date was a good option.
JP
John P.
Sep 13, 2023
May or may not recommend
Cash back is one way you know that you're getting your money back and that it's working for you make your money work for you don't work for it
Nikita
Aug 8, 2023
May or may not recommend
With no annual fee and a variety of redemption options, including travel, gift cards, and merchandise, this card provides both value and flexibility.
EY
Eshaal Y.
Jul 19, 2023
May or may not recommend
The PenFed Platinum Rewards Visa Signature Credit Card has 0% APR for transferring balances for a full year. There are so many other benefits, like up to 5x rewards on every dollar spent including gas, 0 annual fee, no foreign transaction fee, and identity theft protection. PenFed Platinum Rewards Visa cardholders also get 15000 points when they spend $1,500 within 3 months of opening an account. This card has ...Show More
Scottmarketing
Jul 17, 2023
May or may not recommend
The PenFed Platinum Rewards Visa offers impressive benefits for cardholders. With a generous reward rate of up to 5 points per dollar spent and no annual fee, it's an excellent low-maintenance rewards card. The 0% APR balance transfer introductory rate for up to 12 months is ideal for those looking to consolidate debt. Additionally, the card provides various perks like access to a concierge, identity theft protection, travel accident insurance, ...Show More
HA
Hina A.
Jul 14, 2023
May or may not recommend
I have using PenFed Platinum Rewards Visa Signature Card from last 2 years . It is the best credit card for gas rewards, It gives me 5 points for every $1 in fuel paid for at the pump. That’s in addition to 3 points per $1 spent at restaurant and supermarkets. 3 points per $1 spent on cable and streaming services, and 1 point on spending $1 on anything else ...Show More
Tara T.
Jul 13, 2023
May or may not recommend
I have been using the PenFed Platinum Rewards Visa Signature® Card for several months now, and I have been very happy with it. The rewards are great, the benefits are good, and the card is easy to use. I would definitely recommend it to anyone who is looking for a great rewards card for gas and groceries.
Turbomarketing
Jul 8, 2023
May or may not recommend
As a teacher with a tight budget, my experience with the PenFed Platinum Rewards Visa has been a mix of positives and concerns. The generous rewards rate and lack of an annual fee are appealing, considering my household budget constraints. However, the higher than average purchase APRs and the 3% balance transfer fee are concerning, as they could impact my ability to manage expenses effectively. It's crucial for budget-conscious individuals ...Show More
BW
Bre W.
Jun 27, 2023
May or may not recommend
The rewards are good your credit history does have to be clean to get this kind of card with a 680 I would say 700s. And It’s always good to have a no annual fee credit card.
Showing 20 of 29 reviews
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