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  PenFed Platinum Rewards Visa Signature® Card

PenFed Platinum Rewards Visa Signature® Card

in Personal Credit Cards from PenFed Credit Union

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PenFed Platinum Rewards Visa Signature® Card

Unaffiliated

in Personal Credit Cards from PenFed Credit Union

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Highlights
Highlights
Annual Fee $0
Purchase APR  (Variable APR) 11.24% - 17.99%
Balance Transfer APR  (Variable APR) 11.24% - 17.99%
Credit Score Range 700 - 850

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

Does PenFed Platinum Rewards Visa Signature® Card have a signup bonus?

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

Does PenFed Platinum Rewards Visa Signature® Card offer an annual loyalty bonus?

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

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.

Does PenFed Platinum Rewards Visa Signature® Card have an introductory APR offer?

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.
PenFed Platinum Rewards Visa Signature® Card Rates & Terms
Purchase APR 11.24% - 17.99%
Balance Transfer APR 11.24% - 17.99%
Cash Advance APR 11.24% - 17.99%
Penalty APR 17.99%

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.
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...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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 25
Annual Fee $0
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Returned Payment Fee $25
Balance Transfer Fee % 3%
Minimum Age 18
Credit Score Range 700 - 850
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
  • Identity Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Bonus Rewards 5x
Every Purchase 1x
Rewards Categories
  • Every Purchase
  • Gas
  • Groceries
Signup Bonus $100
Purchase APR (Variable APR) 11.24% - 17.99%
Cash Advance APR (Variable APR) 11.24% - 17.99%
Balance Computation average daily balance (including new purchases)
Penalty APR 17.99%
Balance Transfer APR (Variable APR) 11.24% - 17.99%
Introductory Rate 0%
Intro APR period 12

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Annual Fee $0 Annual Fee
Purchase APR 11.24% - 17.99%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 11.24% - 17.99%
(Variable APR)
    0% 29% Variable APR
Credit Score Range 640 - 850     300 850