PenFed Platinum Rewards Card Cash Value Calculator

PenFed Platinum Rewards Visa Signature

5X Gas
3X Groceries

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The PenFed Platinum Rewards Visa Signature Card is a solid choice for anyone that wants to earn an excellent return on everyday categories without worrying about the hassle of complex reward programs. It provides a solid return with no annual fee to drag down the value of PenFed Points. Pair it with the PenFed Pathfinder Rewards Card and you have yourself a well oiled PenFed Point building combo.

PenFed Points Value

PenFed Points are easily worth 1 cent each and can be used towards merchandise and services, airline travel redemption, and gift cards/certificates. There are no black out dates when it comes to redemptions. The PenFed Platinum Rewards Visa also allows the option to pay for travel with partial points. Do note that PenFed charges a $15 Air Booking Fee on all online air bookings and a $25 Air Booking Fee on phone air bookings. These high fees can take away from the value of your PenFed Points. Points expire 5 years after being awarded on a first-earned, first-spent basis. PenFed Points are non-transferable, and cannot be purchased.

Bonus Categories

The PenFed Platinum Rewards Visa Signature card features two bonus categories which are gas stations and grocery purchases. Any spending done in these categories will earn bonus PenFed Points. There is no limit on the number of PenFed Points you can earn with the PenFed Platinum Rewards Card.

5x Gas Stations

The PenFed Platinum Rewards Card earns 5 PenFed Points per $1 spent on all gas station purchases. This bonus will apply to merchants that are coded as gas stations which include places such as Exxon, BP, Speedway, and Hess. Since this card has no annual fee and PenFed points are pegged at 1 cent each, you're looking at a 5% return on all gas station purchases which amongst the highest in the credit card industry. The no annual fee PNC Cash Rewards Card comes close at 4% cash back on groceries.

3x Grocery

Spending at grocery stores with the PenFed Platinum Rewards Card will earn you 3 PenFed Points per $1 spent. Grocery stores will have to fall under the proper merchant code in order to receive the bonus PenFed Points. This will apply to places such as Publix, Winn-Dixie, Meijer, and Von's. Earning a 3% return at grocer stores is not too bad. Other cards that earn a 3% return consist of the Everyday Preferred Card and Blue Cash Everyday (no annual fee).

1x Non-Category

Any spending on the PenFed Platinum Rewards card outside of grocery and gas station purchases will earn 1 PenFed Point per $1 spent. This equals a sad 1% return which could be slightly approved upon using the PenFed Pathfinder Rewards Card for a 1.5% return.

Perks and Benefits

Visa Signature Perks

The PenFed Platinum Rewards Visa offers extended warranty, purchase security, travel discounts and upgrades, special access to dining and entertainment event, concierge services, roadside dispatch, travel and emergency assistance services, car rental insurance and more.

Sign Up Bonus

The PenFed Platinum Rewards Visa sign up bonus is a $100 Statement Credit when you spend $1,500 in first 90 days. The PenFed Platinum Rewards Card is also known to have a 0% Intro APR bonus on balance transfers as well.

Credit Card Fees

Annual Fee
Authorized User Fee
Foreign Transaction Fee

Annual Fee

The annual fee for the PenFed Platinum Rewards Visa Signature Card is $0. This lets you enjoy the benefits of gaining such a high return on gas and grocery without worry about the fee taking away from the value.

Authorized User Fee

The PenFed Platinum Rewards Card does not charge a fee for adding additional users. I would definably add authorized users since the return on gas and grocery are so high.

Foreign Transaction Fee

There is no foreign transaction fee for using the PenFed Platinum Rewards Card out of country.

and Card Value Calculator

You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.

All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.

Credit Card
This calculator will calculate the cash value of the selected credit card(s) based on spend, benefits, and fees. You can compare this card against any another rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Compare A Card
Select a card from the list below to compare it side by side against this card. You can search by card name (e.g. chase sapphire reserve, uber visa) or by rewards program (e.g. thankyou points, membership rewards points).
Currency Worth
This is the cash value of points and miles used in these calculations. You can click on the amount to change the value or you can select View Rewards As to calculate your rewards when transferred to partners.
View Rewards As...
0 Cent(s)
View Rewards As...
This section allows you to view your rewards as if you transferred them to a partner. Select a transfer partner below and the calculator will alter the calculator to reflect the transfer ratio and the reward currency of the receiving program. This only applies to the currency of the selected card. Not all programs have transfer partners. I also do not have the cash value of points and miles for all transfer partners.
Edit Value
Enter the cash value of these rewards in cents per point/mile. You can enter the value as X.XX cents or 0.0XXX cents. The maximum value allowed is 15 cents ($0.15) and the minimal value is 0.1 cents ($0.001).
Loyalty/Rewards Programs
Covers hotel loyalty status, status with bank rewards programs, and few others. These are added automatically based on card selection, but can be manually added as well.
/ Loyalty Programs
Add/Remove Loyalty Programs
Select which loyalty programs you want to include in the calculations. You will be able to select your status with the program and it will calculate additional points/bonuses based on what you enter in the calculator.
Loyalty Programs
Other Bonuses
All card card specific bonuses will be listed here. These are added automatically based on the selected card(s).
Categories Spending
Enter how much you spend in each category listed. You can click on the amount to edit the value. You can use +/- Categories to add and remove categories from the list and Options to copy spend between columns and clear all spend.
/ Categories
Add/Remove Categories
Select which categories you want to appear in this calculator. You can search categories by typing in a keyword below. De-selecting categories will remove them from this calculator. Categories are changed once you hit 'Update'.
Currently Selected:
Deselect All
Clear Spend
This will clear the spend in all of the categories in both columns. This will also clear all saved values.
Copy Spend
Copy Right will take the spend from the left column and copy it to the right column. Copy Left will take the spend from the right column and copy it to the left column. The spend amount ($) and unit of time (month, day, quarter) will be copied over.
Reward Bonuses
This section holds sign up bonuses, loyalty bonuses, and bonus bonuses. Most bonuses here will be listed automatically based on certain criteria. You can click 'Extra Bonus' if you wish to enter your own bonus amount.
Extra Bonus
Any additional bonuses you wish to add such as a sign up bonus or point bonus for adding authorized users
Total Earnings
Sum of all rewards above this line.
Cash Value of Earnings
Based off of currency worth.
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Calculator Continues Below
Monetary Bonuses/Perks
This is a list of cash perks and bonuses associated with the selected card(s). Some perks will be listed here automatically. You can click on 'Perk Bonus' if you want to add additional value for the card.
Perk Bonus
Enter how much you value any unmentioned perks this card offers.
Annual Fees
This section contains the annual fee and authorized user fee (if applicable) to hold on to the listed card(s).
Edit Fees
Edit the annual fee and authorized user fee of the Card (if applicable).
Annual Fee: -
Auth Fee: -
Grand Total
The total estimated value you can get out of this card and the amount of return for your spend.
Total Card Value
The value of the card when everything is taken into account.
Total Return
The percent you are earning per dollar spent on this card.

Recommended Cards

PenFed Pathfinder Rewards Card

The PenFed Pathfinder Rewards Card offers a solid 3%-4% return on travel purchases and offers a slightly higher return of 1.5% on non-category purchases. When combined with the PenFed Platinum Rewards Card, you have a great PenFed Point earning pair.

PNC Cash Rewards Card

If you're looking for a great return on gas station purchases, the PNC Cash Rewards Card offers an excellent 4% return. On top of also having the categories of restaurant and grocery, it has no annual fee!

Savor Cards

If you're looking to earn on restaurant purchases, the Capital One SavorOne and Capital One Savor cards both offer 3% and 4% when eating out. Both also feature categories of entertainment and grocery. Combine with the Quicksilver Card and you'll never earn less than 1.5% cash back on a purchase!

Recent News/Articles

Page Last Updated: 2018-05-04

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About These Calculators: These calculators are provided to help you estimate the value of points, miles, and cash back you can earn with various rewards programs and using reward earning credit cards. These calculators are meant to provide an estimate of rewards earned and are not meant to reflect the exact amount of points you may receive. Be sure to read the terms and conditions of any credit card before you apply as benefit and perk changes may not be reflected immediately on this website.

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