PenFed Power Cash Rewards Visa Signature® Card

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INTEREST AND FEE INFORMATION»

CREDIT CARD AGREEMENT»

Earn Cash Back for Everyday Purchase

No Caps. No Limits. No Gimmicks.

Annual Fee: $0

Purchase Variable APR^*: VISA Power Cash Standard Rate Low % to %

Cash Back** on all purchases for PenFed Honors Advantage Membersƚƚ

1.5%

Cash Back** on all purchases made with your card

$100 Bonus Offer Statement Credit^ƚ When you spend $1,500 in the first 90 days

Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. Read More

INTEREST RATES AND INTEREST CHARGES

ANNUAL PERCENTAGE RATE (APR) FOR PURCHASES	% to % 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	% promotional balance transfer rate for on transfers made . After that, the APR for the unpaid balance and any new balance transfers will be 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.
ANNUAL FEE	None
CASH ADVANCE FEE	None
BALANCE TRANSFER FEE	%

*Rates are based on an evaluation of applicant credit and length of PenFed membership. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lower rate.

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 $1.00 fee for mailed paper statements.

Rate and offers current as of Rate Month and are subject to change. View pricing lists & cardholder agreements.

**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.

Additional Features and Benefits

No Fees

No Annual Fees:

You won't have to pay an annual fee to enjoy all the great features that come with your PenFed card.

No Foreign Transaction Fees:

You won’t be charged extra for using your PenFed card outside of the U.S.

Cash back on everything, everywhere, every day!

No rotating categories, no minimums, no expiration dates, and no gimmicks

Right card for your streaming service subscriptions

Load your card to your digital wallets

Use your card for bill pay and recurring payments

Great card for everyday purchases including online shopping, dining, and drug stores

Use your card for major home improvements and auto repairs

How to redeem your Power Cash Rewards?

Redeem your rewards, your way...

Statement Credit

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.

rewards calculator

How Much Cash Back Can I Earn?

Calculate Your Rewards

on All Purchases How much do you spend on purchases?

$3000/mo

Your Cash Rewards

ANNUAL REWARDS

MONTHLY REWARDS

Features available on all cards

Click to Pay

EMV Chip Technology

Zero Liability Policy^±

Tap to Pay

Digital Wallet

Disclosures

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.

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INTEREST RATES AND INTEREST CHARGES