Who is this credit card designed for?

PenFed Platinum Rewards Visa Signature® is a credit card issued by Pentagon Federal Credit Union, which is based in McLean, VA, and was established in 1935.

PenFed Platinum Rewards Visa Signature® is designed for people with a credit score of 700 to 850. It's perfect for consumers looking for a card without an annual fee. It is also designed for people who want a cashback rewards program. This card allows you to earn cash on the purchases you make. A rewards program is included that allows you to convert your purchases into travel, gifts, and other perks.

What are the relevant APRs?

Pentagon Federal Credit Union charges a variable APR on new purchases that ranges from 9.24% to 17.99%. Balance transfer APRs, which are also variable, range from 9.24% 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.

Is an introductory APR offer available?

Yes, PenFed Platinum Rewards Visa Signature® offers an introductory APR rate of 0% for a period of 12 months.

What are the fees?

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

  • There is no annual fee
  • A returned payment fee of $25.

Is a rewards program offered?

PenFed Platinum Rewards Visa Signature® offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card features rewards for purchases in the following categories:

  • Gas
  • Groceries

Is a signup bonus offered?

Yes, PenFed Platinum Rewards Visa Signature® offers card users a signup bonus worth up to $100.

What additional benefits are offered?

PenFed Platinum Rewards Visa Signature® provides the following benefits:

  • Credit Score Range
    700 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Customer Type
  • Grace Period / Deferred Interest
  • Returned Payment Fee
  • No Annual Fee
  • No Foreign Transaction Fee
  • Card Type
    • Cash Back
    • Rewards
  • Card Network
  • Cashback
  • Rewards Categories
    • Gas
    • Groceries
  • Signup Bonus
  • Penalty APR
  • Purchases APR (variable)
    9.24% - 17.99%
  • Transfer Fee
  • Balance Transfer APR (variable)
    9.24% - 17.99%
  • Intro APR period (months)
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