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PenFed Platinum Rewards Visa Signature® Card

in Personal Credit Cards

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PenFed Platinum Rewards Visa Signature® Card

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in Personal Credit Cards

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Overview

Who is this credit card designed for?

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

PenFed Platinum Rewards Visa Signature® Card 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. A rewards program is included that allows you to convert your purchases into travel, gifts, or other perks. This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR.

What are the relevant APRs?

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.

Is an introductory APR offer available?

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

PenFed Platinum Rewards Visa Signature® Card does not offer an introductory rate on new purchases.

What are the fees?

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

  • There is no annual fee.
  • A returned payment fee of $25.
  • There are no foreign transaction fees.

Is a rewards program offered?

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

Is a signup bonus offered?

Yes, PenFed Platinum Rewards Visa Signature® Card offers card users a signup bonus worth up to $100 after spending $1500.

Is an annual loyalty bonus offered?

PenFed Platinum Rewards Visa Signature® Card doesn't offer a cash loyalty bonus.

What additional benefits are offered?

 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
  • Reports to major credit bureaus

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.

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Contact

  • Headquarters
  • 7940 Jones Branch Drive
    McLean, VA 22102 USA
  • Visit Site

Other Services by Pentagon Federal Credit Union

Availability

Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days)
25
Annual Fee
$0
Foreign Currency Transaction Fee
0%
No Annual Fee
No Foreign Transaction Fee
Returned Payment Fee
$25
Minimum Age
18
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type
Personal
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • ID Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Bonus Rewards
5x
Every Purchase
1x
Rewards Categories
  • Every Purchase
  • Gas
  • Groceries
Signup Bonus
$100
Purchases APR
11.24% - 17.99%
0% 29%
Cash Advance APR
11.24% - 17.99%
8% 27%
Balance Computation
average daily balance (including new purchases)
Penalty APR
17.99%
APR Type
Variable APR
Balance Transfer APR
11.24% - 17.99%
8% 29%
Transfer Fee
3
Transfer Fee %
3%
Introductory Rate
0%
Intro APR period (months)
12

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