PenFed · Visa Signature · Personal
PenFed Power Cash Rewards
A no-annual-fee card earning cash back: 2× on everything.
- Annual fee
- $0No annual fee
- Signup bonus
- $100Cash bonus
- Top rate
- 2×All Other
- Point value
- 1¢Cash back, a cent a point
Year one and year two
Is it worth it for you?
Tick the credits you’d really use and enter what you spend. The ledger adds up the bonus, your points and the credits, less the fee.
| Line | Year one | Year two |
|---|---|---|
| Signup bonus cash | $100 | – |
| Cash back on your spend Enter your spending | $0 | $0 |
| Credits you’d use No statement credits listed | $0 | $0 |
| Annual fee No annual fee | $0 | $0 |
| NetYear one includes the bonus · at your inputs · our estimates* | $100 | $0 |
Bonus terms: $100 as a statement credit when you spend $1,500 in the first 90 days.
Earning structure
1 category, 1 rate
| Icon | Category | Points per $1 | Worth per $100 (our estimate)* |
|---|---|---|---|
All Other NotesRequires a checking account or military service. Otherwise, 1.5x. | 2× | $2.00 |
The rest of the card
Details, rules and benefits
Card details
- Annual fee
- None
- Card type
- Personal
- Network
- Visa Signature
- Bank
- PenFed
- Point system
- Cash back
- Foreign transaction fee
- None
- Transfer partners
- No
- Travel portal redemption
- No
- Cash to travel
- No
Application rules1
- PenFed Membership
To get a PenFed credit card, you must first become a member of the credit union by meeting their eligibility criteria (such as military, government affiliation, or by joining a partner association) and opening a savings account with a minimum deposit.
Benefits2 · 0 high value
- Cell Phone Protections Cell Phone Protection
- Travel Protections Travel Accident Coverage
Benefit details, terms, and availability may vary. Please refer to the card’s terms and conditions for complete information.
Alternatives
Head to head with similar cards
 PenFed Power Cash Rewards |  PenFed Platinum Rewards |  PenFed Pathfinder Rewards |  AAFES Military Star | |
|---|---|---|---|---|
| Annual fee | $0 | $0Same | $95+$95 | $0Same |
| Signup bonus | $100 | 15,000 pts | 50,000 pts | None |
| Top rate | 2×All Other | 5×EV Charging, Gas Stations | 4×12 categories | 2×All Other |
| Travel value * | –Cash back | 0.85¢PenFed Platinum Rewards | 0.85¢PenFed Platinum Rewards | –Cash back |
| Why it’s here | This card | Also no annual fee | An annual fee within $100 | Also no annual fee |
* Point valuations are RICH with POINTS™ editorial estimates, averaged from published valuations by The Points Guy, Upgraded Points, and Frequent Miler. They are not issuer figures and do not represent guaranteed redemption value.
CommentsShow the discussion