PenFed Platinum Cash Rewards Visa® Card
 

Key Features

 Standard*Plus**
Gas Purchases at the Pump*
3.00%
5.00%
Annual FeeFirst year $0 then $25 No
Foreign Transaction FeeNoNo
Summary of Terms (PDF)Standard Summary of Terms Plus Summary of Terms 
Credit Card Agreement (PDF)Standard Credit Card Agreement Plus Credit Card Agreement 

 

How to qualify for the Plus card
**You can earn 5.00% on gas purchases paid at the pump and avoid an annual fee by obtaining a qualifying PenFed product:
  • Active checking account with direct deposit ($250 min.)
  • Money Market Certificate or IRA Certificate
  • Mortgage
  • Installment loan
  • Equity Loan or Equity Line of Credit
  • Thrifty Credit Service
  • Personal Line of Credit
  • Money Market Savings Accounts
 

 

3.99% APR promotional balance transfer for 12 Months on transfers made between February 15, 2015 through March 31, 2015.  After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval.

*Accounts earning 3.00% on gas purchases at the pump will be evaluated on a monthly basis to determine if the member has a qualifying product. Accounts with qualifying products will be upgraded so that the member will earn 5.00% on gas purchases at the pump.

 

Interest Rates and Interest Charges 
Annual Percentage Rate (APR) for Purchases and Cash Advances 9.99% to 17.99% when you open your account, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate. 
APRs for Balance Transfers3.99% promotional rate for 12 months on transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. 
Penalty APR and When It Applies17.99% APR if your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable Penalty APR. The Penalty APR will remain in place until you make three consecutive monthly payments on or before the due date.

Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate.

 

 Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.

 

Benefits

  • Cash rewards automatically awarded to your account every month
  • No caps, limits or tiers on rewards
  • Automobile rental insurance
  • $100,000 travel accident insurance

Keep in Mind: Regardless of the amount earned, your cash rewards are automatically awarded every month as a statement credit - no need to track or redeem points. Absolutely no action is required.

Not yet a PenFed member? Join now to apply.



Details and Disclosures

Credit Cards  

Rates and offers are current as of March 2015 and are subject to change.

 

Balance Transfers 

Transaction is subject to credit approval. All rates and offers subject to change. The interest rates applicable to purchases or cash advances and for prior promotional balances remain unchanged. Balance transfers are treated as cash advances so interest accrues from the date the transfer is posted to your account. Balance transfers of other PenFed credit cards, loans, and/or lines of credit are not eligible for this promotion. PenFed may stop offering this promotional rate for new balance transfers at any time and without prior notice.

 

You agree to allow 30 days to process your request, pay the amount(s) authorized and transfer the balance(s) to your PenFed credit card account. You may transfer up to your PenFed available credit, not to exceed your credit limit authorized by PenFed. Please continue to make minimum payments on your other credit card(s) until the balance(s) have been transferred. All over payments must be refunded by the other institution. Payment of the amount(s) authorized by you may or may not satisfy any outstanding balance(s) on the designated account(s). PenFed is not responsible for any remaining balance(s) or additional charges with regard to such accounts, nor for any charges resulting in any delay in the payment and transfer of balances. PenFed reserves the right to refuse multiple transfers from the same credit card. Transferred balances do not qualify for cash rewards or air-travel points under the Visa Platinum Rewards Program. Balance transfers do not earn credit toward rewards.

 

PenFed Platinum Rewards Visa Signature® Card 

Purchase and cash advance APR is 9.99% to 16.99% when you open your account, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate. Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate.

  

Balance Transfers - 3.99% APR promotional balance transfer rate for 12 Months on transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. A 3% balance transfer fee applies to each transfer.This transaction is subject to credit approval. 

*The PenFed Platinum Rewards Visa Signature® Card program is issued and administered by PenFed. Refer to Benefits Information for complete program rules, terms and conditions.

 Rewards are available only for new purchases made with the card: cash advances, checks drawn from the account, and balance transfers are excluded and do not earn credit toward rewards. Certain restrictions may apply. Visa® USA determines which transactions are classified as gas purchases paid at the pump and supermarket purchases based on Merchant Category Codes. Military commissaries are supermarkets. Fuel purchases for airplanes and boats receive 1 point per dollar spent. Your card account must be open and in good standing to earn rewards. 

 

Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.

 

PenFed Promise Card  

Promise Visa Cardholders must subscribe to our e-statement service for ALL active credit card accounts held with PenFed. PenFed is not affiliated with or endorsed by Upromise, Inc.

Purchase and cash advance APR is 7.99% to 16.99% when you open your account, based on your credit worthiness. Your APR will vary with the market based on the Prime Rate. Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate. 

 

Balance Transfers - 4.99% APR promotional balance transfer rate for 12 Months on transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 7.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.

 

PenFed Premium Travel Rewards American Express® Card 

Purchase and cash advance APR is 9.99% to 16.99% when you open your account, based on your creditworthinessYour APR will vary with the market based on the Prime Rate. Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approvalNot all applicants will qualify for the lowest rate. 

Balance Transfers - 3.99% APR promotional balance transfer rate for 12 Months on balance transfers made between February 15, 2015 through March 31, 2015After that, the APR for the unpaid balance and any new balance transfers will be 9.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. A 3% balance transfer fee applies to each transfer.  This transaction is subject to credit approval.

The PenFed Premium Travel Rewards American Express® Credit Card program is issued and administered by PenFed. Refer to American Express Benefits Information (PDF - Click Here) for complete program rules, terms and conditions. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license.

Cash advances, credit card checks, and balance transfers are excluded from earning point rewards. 

Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements. 

 

PenFed Defender American Express® Card 

Must be in military service, the National Guard, the Reserves, or an honorably discharged Veteran of the United States Military to apply.

Purchase and cash advance APR is 8.99% to 16.99% when you open your account, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate. Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate. 

 

Balance Transfers - 4.99% APR promotional balance transfer rate for 12 months on transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 8.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.

Cash advances, credit card checks, and balance transfers do not earn cash rewards. 

 

This Credit Card program is issued and administered by PenFed. Refer to American Express Benefits Information (PDF - click here) for complete   program rules, terms and conditions. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license.  

 

PenFed Defender Visa Signature® Card 

Must be in military service, the National Guard, the Reserves, or an honorably discharged Veteran of the United States Military to apply.

Purchase and cash advanceAPR i8.99% to 16.99% when you open your account, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.Rates are based on an evaluatioof applicant credit. Your actual APR will be discloseat the time of credit approval. Not all applicantwill qualify for the lowest rate. 

Balance Transfers - 4.99% APR promotional balance transfer rate for 12 months on transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be  8.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. 

Cash advances, credit card checks, and balance transfers do not earn cash rewards. 

 

Visa® Gold Card 

 

Purchase and cash advance APR is 12.49%. Your APR will vary with the Prime Rate.

 

 Balance Transfers - 3.99% APR promotional balance transfer rate for 12 Months on transfers made between March 01, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently 12.49%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval.


Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.

 

 

Visa® Classic Card  

APR for purchases and cash advances is 13.99% and will vary with the market based on the Prime Rate.

Balance Transfers - 3.99% APR promotional balance transfer rate for 12 Months on Balance Transfers made between February 15, 2015 through March 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently  13.99%. A 3% balance transfer fee applies to each transfer.  This transaction is subject to credit approval.

Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.

 

Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Wisconsin Residents: No provision of a marital property agreement, unilateral statement or court decree adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred.