PenFed Platinum Rewards Visa Signature® Card
in Personal Credit Cards from PenFed Credit Union
ClaimedPenFed Platinum Rewards Visa Signature® Card
in Personal Credit Cards from PenFed Credit Union
Would you recommend PenFed Platinum Rewards Visa Signature® Card to your friends?
| Community Rating |
Rating not yet determined |
| Purchase APR (Variable APR) | 13.49% - 17.99% |
| Balance Transfer APR (Variable APR) | 17.99% |
| Credit Score Range | 700 - 850 |
| Annual Fee | $0 |
PenFed Platinum Rewards Visa Signature® Card Review
PenFed Platinum Rewards Visa Signature® Card is a rewards credit card issued by PenFed Credit Union. 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.
- Generous reward rate. You will get a a rewards rate of 5 points per dollar spent.
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
- Signup bonus. Offers a signup bonus of $100 if you spend $1500 within 3 months.
- Competitive APRs. PenFed Platinum Rewards Visa Signature® Card has a variable purchase APR that ranges from 13.49% up to 17.99%.
- No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. PenFed Platinum Rewards Visa Signature® Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees.
- $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
- Gas rewards.
- Multiple credit card benefits. Includes generous credit card perks, such as purchase protection, and fraud protection.
- Good or better credit required. You should probably try with another card if your credit score is below 700.
| The Good | The Bad |
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Is there a PenFed Platinum Rewards Visa Signature® Card cash back or rewards program?
PenFed Platinum Rewards Visa Signature® Card offers a rewards program to its customers.
| Rewards rate (all purchases) | 1% |
| Max rewards rate | 5% |
| Annual rewards limit | N/A |
| Signup Bonus ($) | $100 |
| Signup Bonus Spend Requirement | $1500 |
| Signup Bonus Spend Period (months) | 3 months |
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:
- ID Theft Protection
- Reports to major credit bureaus
What are the relevant APRs for PenFed Platinum Rewards Visa Signature® Card?
According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. PenFed Platinum Rewards Visa Signature® Card has lower than average purchase APRs.PenFed Platinum Rewards Visa Signature® Card has a variable purchase APR that ranges from 13.49% up to 17.99%. The card has a variable balance transfer APR of 17.99% . It also has a variable cash advance APR of 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 on balance transfers?
Yes, PenFed Platinum Rewards Visa Signature® Card offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.
| Description | |
|---|---|
| Balance Transfer APR | 17.99% |
| Balance Transfer Introductory APR | 0% |
| Balance Transfer Intro APR Period (months) | 12 |
| Balance Transfer Fee % | 3% |
| Balance Transfer Fee % After Intro Period | N/A |
| Balance Transfer Fee Intro Period (days) | N/A |
| Balance Transfer Fee Minimum | N/A |
Does PenFed Platinum Rewards Visa Signature® Card have an introductory APR offer on new purchases?
PenFed Platinum Rewards Visa Signature® Card does not offer an introductory rate on new purchases.| Description | |
|---|---|
| Introductory Rate | N/A |
| Purchase Intro APR Period (months) | N/A |
What are the fees for PenFed Platinum Rewards Visa Signature® Card?
The following fees apply to PenFed Platinum Rewards Visa Signature® Card:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 0% |
| Returned Payment Fee | up to $25 |
| Late Payment Fee | $20 - $28 |
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.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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.
How to apply for PenFed Platinum Rewards Visa Signature® Card
- Visit the PenFed Platinum Rewards Visa Signature® Card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- 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.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
2930 Eisenhower Avenue
Alexandria, VA 22314 - (800) 247-5626
- Visit Site
Other Services by PenFed Credit Union
Availability
- 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
| Gas (Points) | 5 |
| Every Purchase (Points) | 1x Points on all other purchases |
PenFed Platinum Rewards Visa Signature® Card Community Reviews
Would you recommend PenFed Platinum Rewards Visa Signature® Card to your friends?
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