- Intro Bonus
- $100$100 statement credit after spending $1,500 in purchase transactions within the first 90 days of account opening.
- Reward Rates
- 5XEarn 5 points on gas purchases at the pump.
- 3XEarn 3 points on supermarket purchases (3 points/dollar spent)
- 1XFuel purchases for airplanes and boats and made via inside store attendant receive 1 point per dollar spent.
- 1XEarn 1 point on all other purchases (1 point/dollar spent)
- Balance Transfers Intro APR
- 0% for 12 months
- Purchases Intro APR
- N/A
- Regular APR
- 13.49% - 17.99% Variable
- Annual Fee
- $0
Highlights
- Rate and offers current as of March 1, 2021 and subject to change.
- $100 statement credit after spending $1,500 in purchase transactions within the first 90 days of account opening.
- Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats and made via inside store attendant receive 1 point per dollar spent.
- Earn 3 points on supermarket purchases (3 points/dollar spent)
- Earn 1 point on all other purchases (1 point/dollar spent)
- No annual fee
- No foreign transaction fees
- No cash advance fee
- Chip and Contactless 'Tap to Pay' enabled for added security, ease and convenience at the point of sale
- Click and Pay eligible, via Secure Remote Commerce, so you can enjoy easy and secure online buying checkout
- Digital wallet capable
- Purchase variable rate as low as 13.49% APR
- 0% promotional rate for 12 months on balance transfers made between now and March 31, 2021. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. 3% balance transfer fee per transaction. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
- Cash Advance APR 17.99%
Features
- Auto Rental Insurance
- Balance Transfer
- Concierge Service
- Editor's Pick
- EMV
- Excellent Credit
- Extended Warranty Program
- Free Credit Score
- Gas
- Lost Luggage Reimbursement
- Low Interest
- Mobile Pay Ready
- No Annual Fee
- No Foreign Transaction Fees
- Points
- Purchase Protection
- Rewards
- Roadside Assistance
- Travel Accident Insurance
- Travel Assistance
- Unsecured credit card
- Visa Signature®
- Zero Fraud Liability
Staff Review
Editor's Rating: 3.1 out of 5 | Our take: The PenFed Platinum Rewards card offers generous rewards and ample benefits for an appealing price, but its travel booking fees drag down the card’s appeal. |