Cash Back Rewards
Cash back on everyday purchases
Unlimited rewards with no caps and no categories to track.
Cash Back Rewards
Cash back on everyday purchases
Unlimited rewards with no caps and no categories to track.
Cash Back Rewards
Cash back on everyday purchases
Unlimited rewards with no caps and no categories to track.
This card is best for:
Earning cash back on everything — to redeem when you need it.
This card is best for:
Earning cash back on everything — to redeem when you need it.
Cash back**
On all purchases for Honors Advantage membersƚƚ (with checking account or military).
Cash back**
On all purchases, with no spending limits, for all other members.
Bonus offer
As statement creditƚ when you spend in the first 90 days.
Introductory APR
On balance transfers for .
% fee applies to each transaction. Subject to credit approval.
Read More
Cash back on everything, everywhere, every day!
Earn rewards on streaming subscriptions, digital wallet usage (Apple Pay, Google Pay, etc.), bill payments, dining, online shopping, groceries, home improvements, auto repairs, and more.
No rotating categories
Enjoy the same great cash back rate — on every purchase.
No rewards caps
Spending $100, $1,000, $10,000, or even more? You’ll get cash back on all of it.
No expiration date
Your cash back rewards never expire for as long as you keep the card.
No gimmicks
Redeem your cash back as a statement credit or deposit into your checking or share account.
Cash back on everything, everywhere, every day!
No rotating categories
Enjoy the same great cash back rate — on every purchase.
No rewards caps
Spending $100, $1,000, $10,000, or even more? You’ll get cash back on all of it.
No gimmicks
Redeem your cash back as a statement credit or deposit into your checking or share account.
Compare how we stack up against the rest!
Explore cardholder benefits
Cell Phone Protection
Protect your cell phone against theft and damage for the next calendar month by paying your monthly wireless bill with your PenFed credit card.
Exclusive Offers & Discounts
Enjoy member-only discounts on a variety of products and services as well as special savings and benefits exclusive to Visa Signature. Check out offers and deals on food and wine, shopping, sports, hotels, car rentals, entertainment, and more.
Access to Luxury Hotel Collection
Unleash the power of your Signature card — enjoy access to premium offers and discounts on luxury hotels around the world.
No Foreign Transaction Fees
Using your PenFed card abroad won’t cost you an extra dime.
Travel Accident Coverage
When you purchase your travel ticket with your PenFed credit card, you are eligible for accident coverage of up to $250,000. Refer to your Visa Signature card® benefits (PDF).
Complimentary Concierge Service
Visa’s concierge service is available 24 hours a day, 365 days a year for your travel, dining, and entertainment needs. To learn more, visit Visa Signature Concierge.
24/7 Fraud Monitoring
Your account is monitored for transactions that may indicate fraudulent activity, and we may contact you immediately if fraud is suspected.
Security Alerts
Get notified via text, email, and phone if PenFed notices potential suspicious transactions on your account.
$0 Fraud Liability±
If your card is lost or stolen, you will not be responsible for unauthorized charges. Learn more.
Card Lock
Instantly lock your misplaced, lost, or stolen card with a single click to stop fraud.
AutoPay
Set up AutoPay for your account, and your payments will be made automatically every month.
PenFed Mobile App
Stay on top of your finances with personalized alerts and real-time updates. Download the PenFed Mobile app.
Authorized User
Share your card benefits by adding an authorized user. Learn more.
Digital Wallet
More than just a plastic in your wallet, your card is digital wallet ready for secure mobile, online and in-app purchases. Learn how to set up your Digital Wallet.
24/7 Digital Service
Our online services are available to assist you 24 hours a day. Credit Card Contact Center.
Redeem rewards — your way
Use
As a statement credit on your credit card balance^.
Deposit
Directly into your PenFed checking or share account.
Transfer
To another financial institution.
Use
As a statement credit on your credit card balance^.
Deposit
Directly into your PenFed checking or share account.
Transfer
To another financial institution.
How much cash back can I earn?
Calculate Your Rewards
Your Cash Rewards
ANNUAL REWARDS
MONTHLY REWARDS
Ready to redeem your mail offer?
Enter the code from your mail and complete your application in less than 60 seconds!
FAQs
At account opening, your rewards redemption option automatically defaults to a monthly statement credit. You may change to another option anytime by selecting 'Redeem Rewards.' Accounts reported lost or stolen must re-enroll in a redemption option. Once you have earned a minimum of $0.01 in cash rewards, redeeming is simple. You can choose to redeem in the form of: 1. Statement credit to your Power Cash Rewards account; 2. Transfer into your eligible PenFed Checking or Share account; 3. Transfer into your account at another institution. Simply click ‘Redeem Rewards’ and follow the prompts to complete your cash redemption. First time ACH users will need to establish a new non-PenFed transfer account prior to requesting their first ACH redemption request via the transfers tab at the top menu in PenFed online banking.
Cash rewards do not expire and remain on the account for 120 days after account closure.
There is no limit! You can earn cash back on your purchases all year, without the worries of a dollar limit on the amount you can earn.
Disclosures
*Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval.
Credit card applications completed online will require your agreement to receive application notifications and disclosures electronically.
Cardholders may sign up for free electronic statement notification to avoid paying a $ fee for mailed paper statements.
Rates and offers current as of and are subject to change.
**Cash advances, cash-like transactions, credit card checks, balance transfers, and account fees are excluded from earning rewards.
±Visa Zero Liability Policy covers U.S.–issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa. Cardmembers must notify PenFed promptly of any unauthorized use.
ƚAccounts that are issued and approved will receive a $100 statement credit upon spending $1500 in purchase transactions within 90 days of account opening. Cash advances, credit card checks, and balance transfers do not qualify as purchase transactions. Each account is eligible for 1 statement credit of $100. Please allow 4 weeks after spending $1500 to receive the statement credit.
ƚƚTo qualify for the PenFed Honors Advantage Program you must 1) be in an active military service status, a member of the Reserves or National Guard, an honorably discharged U.S. Military Veteran or retired from such service OR 2) the member must be the primary owner on both the credit card and checking accounts of any existing open PenFed product, excluding PenCheck Limited accounts, or open a new Access America Checking or Free Checking account with PenFed. Members with a qualifying Free Checking account must also 1) maintain a minimum $500 daily balance OR 2) set up monthly direct deposits of $500 or more in order to maintain Honors Advantage Eligibility. A minimum balance or direct deposit is not required to maintain a Free Checking account.
Refer to the Program Rules, Terms and Conditions (PDF) for detailed information.
1Your credit line is used to determine if your account qualifies for Traditional or Signature benefits. If your credit line is $5,000 or more then it qualifies for Signature benefits.
^After new account opening, your Power Cash rewards will be redeemed each month as a statement credit. You can easily modify your redemption option by logging in at PenFed.org and clicking the Redeem Rewards button.