PenFed Platinum Rewards Visa Signature® Card Review

PenFed Platinum Rewards Visa Signature® Card is a rewards credit card issued by PenFed Credit Union. 

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 700.

If you're wondering whether PenFed Platinum Rewards Visa Signature® Card is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a PenFed Platinum Rewards Visa Signature® Card cash back or rewards program?

PenFed Platinum Rewards Visa Signature® Card offers a rewards program to its customers.

This card features rewards for purchases in the following categories:

• Every Purchase
• Gas
• Groceries

PenFed Platinum Rewards Visa Signature® Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
Annual rewards limit	N/A
Signup Bonus ($)	$100
Signup Bonus Spend Requirement	$1500

What are the PenFed Platinum Rewards Visa Signature® Card benefits?

PenFed Platinum Rewards Visa Signature® Card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Fraud Liability
• Travel Accident Insurance
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for PenFed Platinum Rewards Visa Signature® Card?

PenFed Platinum Rewards Visa Signature® Card has a variable purchase APR that ranges from 11.24% up to 17.99%. The card has a variable balance transfer APR that ranges from 11.24% up to 17.99%.

It also has a variable cash advance APR that ranges from 11.24% up to 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.

What are the PenFed Platinum Rewards Visa Signature® Card fees?

No Annual Fee. PenFed Platinum Rewards Visa Signature® Card does not charge an annual fee. No foreign transaction fee. PenFed Platinum Rewards Visa Signature® Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

The following fees apply to PenFed Platinum Rewards Visa Signature® Card:

PenFed Platinum Rewards Visa Signature® Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	3%
Returned Payment Fee	$25

Does PenFed Platinum Rewards Visa Signature® Card report your account activity to credit bureaus?

PenFed Platinum Rewards Visa Signature® Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for PenFed Platinum Rewards Visa Signature® Card

• Visit the PenFed Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.