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PenFed Platinum Rewards Visa Signature® Card

in Personal Credit Cards from PenFed Credit Union

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PenFed Platinum Rewards Visa Signature® Card

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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

Overview

Who is PenFed Platinum Rewards Visa Signature® Card designed for?

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

This card does not charge an annual fee, which makes it ideal for those looking to minimize costs. 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 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%.

The good news is this card does not charge a penalty APR if you are late on a payment.

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?

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

  • There is no annual fee.
  • PenFed Platinum Rewards Visa Signature® Card does not charge a returned payment fee.

Does PenFed Platinum Rewards Visa Signature® Card have a 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.
PenFed Platinum Rewards Visa Signature® Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Balance Transfer Fee 3%
Returned Payment Fee $25

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

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
  • 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

  • Click here to go to the PenFed Credit Union application form.
  • 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 was 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 (Days) 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 (months) 12

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    Balance Transfer APR 11.24% - 17.99%
    (Variable APR)
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