Earn Cash Back for Everyday Purchase
No Caps. No Limits. No Gimmicks.
Annual Fee: $
Purchase Variable APR*: %
Cash Back** on all purchases for PenFed Honors Advantage Membersƚƚ
Cash Back** on all purchases made with your card
$ Bonus Offer Statement Creditƚ When you spend in the first 90 days
Introductory Balance Transfer APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. Read More
|ANNUAL PERCENTAGE RATE (APR) FOR PURCHASES
|% when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
|APRS FOR BALANCE TRANSFERS
|% introductory APR for 12 months on balance transfers made in the first days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of %.
|APR FOR CASH ADVANCES
|PENALTY APR AND WHEN IT APPLIES
|% if your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable penalty APR. The penalty APR will remain in place until you make three consecutive monthly payments on or before the due date.
|HOW TO AVOID PAYING INTEREST ON PURCHASES
|Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire account balance, including balance transfers and cash advances, by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
|CASH ADVANCE FEE
|BALANCE TRANSFER FEE
*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.
Rate 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 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) 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.
How to redeem your Power Cash Rewards?
Redeem your rewards, your way...
Apply directly to your PenFed Credit Card account.
Deposit into PenFed Account
Add your cash rewards into your PenFed Checking or Share account.
Transfer to another Financial Institution
Schedule monthly redemptions into the account of your choice.
To receive any advertised product, you must become a member of PenFed Credit Union which includes opening a $5 PenFed savings account.
±Visa Zero Liability Policy covers U.S.–issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit http://www.visa.com/security.