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- Intro Bonus
- $100 $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
- Reward Rates
- 2% Earn 2% cash back through the PenFed Honors Advantage program
- 1.5% 1.5% unlimited cash back on all purchases
- Balance Transfers Intro APR
- 0% for 12 months
- Purchases Intro APR
- Regular APR
- 11.74%-17.99% Variable
- Annual Fee
- $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
- 0% APR promo balance transfer rate for 12 months with 3% balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary with the market based on Prime Rate. 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.
- Rate and offers current as of October 1, 2019 and are subject to change.
- 1.5% unlimited cash back on all purchases. Flexible cash redemption options. No caps, limits or category restrictions on rewards. Earn 2% cash back through the PenFed Honors Advantage program
- No annual or foreign transaction fees
- Chip enabled for added security
- Federally insured by NCUA
- Variable rate as low as 11.74% APR
4.1 out of 5
Our take: The PenFed Power Cash Rewards Visa Signature card, a new addition to the very limited category of 2 percent cash back cards, combines generous rewards with a low APR.