Rich rewards on everyday purchases!

  • 5x points on gas paid at the pump & EV charging stations
  • 3x points on groceries, restaurants, & streaming services
  • 1x points on all other purchases
rewards calculator

How Many Reward Points Can You Earn?

Calculate Your Rewards


Your Point Rewards



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How to Redeem Your Platinum Reward Points?

Redeem your rewards, your way...

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Gift Card

Gift cards for shopping, dining, entertainment, and more. Check out our reward catalog for more options!

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See all the great places your Platinum rewards can take you!

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Use your Platinum rewards to shop all your must-haves.

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.
No Fees

Features available on all cards

Chip Security


±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. Cardholders must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit Visa Security | Securing the World's Payments.

Rewards are available only for new purchases made with the card: cash advances, checks drawn from the account, and balance transfers are excluded and do not earn credit toward rewards. Certain restrictions may apply. Visa® USA determines which transactions are classified as gas purchases paid at the pump, supermarket purchases, EV charging stations, restaurants and streaming services based on Merchant Category Codes. Military commissaries are supermarkets. Grocery/supermarket merchants sell a complete, full line of food merchandise for home consumption. Most of the food merchandise is perishable, and perishables must represent at least 45% of merchant's total monthly sales volume, measured in local currency. Fuel purchases for airplanes and boats receive 1 point per dollar spent. Your card account must be open and in good standing to earn rewards.

Cash advances, balance transfers and credit card checks are excluded from earning point rewards.

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