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 Reward Visa Card

PenFed Power Cash Rewards

card icon

Bank Of America Unlimited Cash Rewards

card icon

Capital One Quicksilver Rewards

card icon

Chase Freedom Unlimited

Variable APR capped at %

Yes*

No
No
No
Earn

% unlimited cash back** on all purchases for PenFed Honors Advantage Membersƚƚ and % cash back** for others

Earn unlimited 1.5% cash back on all purchases

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
Welcome Bonus Offer

Yesƚ

Yes
Yes
Yes
No Annual Fee

$0

$0
$0
$0
Foreign Transaction Fees
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
Cash back categories to track
No
No

No

Yes

Unlimited Cash Back

Yes
Yes
Yes
Yes

Rewards Expiration

No

No

No

No

Not a problem, anyone can join. Apply now and we'll create your membership during this application.

Data sourced directly from each lender listed: Bank of America, Capital One, and Chase, and are current as of April 13, 2023.

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.