Compare Cash Back Credit Cards
Compare credit cards rewards and other benefits to understand what sets PenFed Power Cash apart and why it stands out among the rest.
PenFed Power Cash Rewards |
Bank Of America Unlimited Cash Rewards |
Capital One Quicksilver Rewards |
Chase Freedom Unlimited |
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Variable APR capped at |
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Yes* |
No
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No
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No
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Earn
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Earn unlimited 1.5% cash back on all purchases
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Earn unlimited 1.5% cash back on every purchase, every day |
Earn unlimited 1.5% cash back or more on all purchases, like 3% on dining and drugstores and 5% on travel purchased through Chase
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Welcome Bonus Offer
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Yesƚ |
Yes
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Yes
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Yes
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No Annual Fee
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$0 |
$0
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$0
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$0
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Cell Phone Protection |
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Yes |
No |
No |
No |
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Foreign Transaction Fees |
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None |
3% of the U.S. dollar amount of each transaction made in a foreign currency |
None |
3% of the amount of each transaction in U.S. dollar |
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Cash back categories to track |
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No |
No |
No |
Yes
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Unlimited Cash Back |
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Yes |
Yes |
Yes |
Yes |
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Rewards Expiration |
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No |
No |
No |
No |
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Data sourced directly from each lender listed: Citi, US Bank, and Wells Fargo, and are current as of March 3, 2025.
Disclosure
*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 lower rate.
Rate and offers current as of and are subject to change.
**Cash advances, credit card checks, and balance transfers are excluded from earning cash rewards.
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) and the Signature Program Benefits (PDF) for detailed information.