PenFed · Visa
PenFed Power Cash Rewards Visa Signature®
Annual Fee
$0
Sign-Up Bonus
$100
Spend $1,500 in 3mo
Terms apply.
Base Rate
1.5x
on everything
Best For
Flat-rate cash back seekers who don't want to think about categories
Sign-Up Bonus
Bonus: 100 cash back
Details: $100 statement credit after $1,500 spend in first 90 days
Requirement: Spend $1,500 in 3 months
Estimated value: $100Terms apply.
Key Benefits
Pros & Cons
Pros
- + Uncapped 2% on everything with no annual fee (requires PenFed checking)
- + $100 welcome bonus after $1,500 spend
- + No foreign transaction fees
- + Credit union — often more favorable terms
Cons
- - Must be PenFed member (free to join but extra step)
- - 1.5% base without checking account (2% requires checking)
- - Flat-rate only — no category bonuses (gas, grocery, etc.)
- - Less well-known brand
Rates and fees may vary.See current rates, fees, and terms on PenFed's site
Recommended credit score: 680+
Advertising disclosure: we may earn a commission if you apply through this link. This does not affect your ranking. Full disclosure
Is the PenFed Power Cash Rewards Visa Signature® right for you?
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