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PenFed Power Cash Rewards Visa Signature® Card
PenFed Credit Union

PenFed Power Cash Rewards Visa Signature® Card

A no-annual-fee cash back card from PenFed Credit Union.

Cash back only
Annual fee
No annual fee
Welcome bonus
$100 statement credit
Min spend
$1,500 in 90 days
Recommended credit
Good (670+)
Network
Visa
Foreign transaction fee
None
Apply on PenFed Credit Union site7.4/10Our rating · review ›

Rates, fees, and full terms are set by PenFed Credit Union and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.

Before you apply: credit card application and welcome-bonus rules →
Offer last verified July 24, 2026. How we verify.

Is this card right for you?

✓ Best for

people who want a simple, flat rate on every purchase with nothing to track.

⚠ Think twice if

you would rather chase elevated bonus categories than earn one flat rate.

Earning rates

Unlimited 2% cash back on every purchase for PenFed Honors Advantage members
1.5% cash back for members without Honors Advantage

Best ways to earn & redeem

Use it as a flat-rate everyday card, since it earns the same on every purchase, and pair it with bonus-category cards for groceries, dining, and travel.

When you cash in, take the rewards as cash back or a statement credit, worth a flat 1 cent each. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.

Features & benefits

No annual fee and no foreign transaction fees
PenFed membership is open to anyone by opening a savings account with a $5 deposit

Alternatives to the PenFed Power Cash Rewards Visa Signature® Card

Pairs well with

The PenFed Power Cash Rewards Visa Signature® Card earns a flat rate on everything, so pair it with a category card or two to earn more where you spend the most.

How does it rank for your spending?

Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the PenFed Power Cash Rewards Visa Signature® Card lands.

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