The PenFed Platinum Rewards Visa Signature Card is a great choice for those who want to earn a solid return on the everyday categories of gas and grocery. It's part of the PenFed Rewards Program so there's no complicated redemptions or rewards structures. Pair this card with other PenFed Points or cash back credit cards and you have yourself a solid combination.
|Authorized User Fee|
|Foreign Transaction Fee|
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 Station
- 3x Grocery
- 1x Non-Category
Perks & Benefits
The PenFed Platinum Rewards Visa doesn't offer any type of benefits that's specific to PenFed or the card itself. You will receive the standard Visa Signature Benefits.
Sign Up Bonus
The standard sign up bonus for the PenFed Platinum Rewards Visa is a $100 statement credit after you spend $1,500 in the first 90 days. This card is also known to offer a 0% intro APR bonus on balance transfers which can be great for those looking to pay off their debt on other cards.
The PenFed Platinum Rewards Visa Signature Card does not have an annual fee. This allows you to enjoy the high return on both gas and grocery. You also will not have to worry about hitting any type of spend goals to make sure the card is worth it.
Authorized User Fee
The PenFed Platinum Rewards Visa Signature Card does not charge a fee for adding authorized users. I highly recommend adding family/friends to the card in order to maximize on the gas and grocery returns the card offers.
Foreign Transaction Fee
The PenFed Platinum Rewards Visa Signature Card has a 0% foreign transaction fee. This makes it a decent option for anyone spending outside of the United States. When it comes to travel through, you'll probably want to lean more towards the PenFed Pathfinder Card.
You can use the 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 the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.
Note! All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.