How to redeem your Power Cash Rewards:
Redeem your rewards, your way...
Earn cash back on everything!
% cash back for Honors Advantage members
% cash back for all other members
Click below to find out how fast and easy it is to redeem the cash you earned!
ANNUAL REWARDS
MONTHLY 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.
No Annual Fees:
No Foreign Transaction Fees:
24/7 Fraud Monitoring:
Your account is monitored for transactions that may indicate fraudulent activity, and we may contact you immediately if fraud is suspected.
Chip-enabled cards:
When used at a chip-enabled terminal, chip technology provides stronger security for your card information.
Secure Remote Commerce (SRC):
Shop online with the peace of mind that Visa uses advanced technologies and multiple layers of payment security to help protect your card against unauthorized use. Set-up your Visa SRC account today!
Tokenized account numbers in your mobile wallet:
Your name, account number, and security codes aren’t stored on your device so merchants never see your account information.
Increase your financial freedom by taking advantage of our competitive balance transfer offers. Use your balance transfer to:
Consolidate debt and lower your interest rates
Pay down higher-rate cards
Reduce your monthly payments
Cover unexpected expenses
Member Discounts
Visa Signature Discounts
Use your PenFed signature card to purchase the goods of services from the participating merchants and get a huge discount.
Your PenFed Visa Signature credit card provides a complimentary concierge service that can help you enjoy the things you love. Visa’s concierge service is available 24 hours a day, 365 days a year for your travel, dining, and entertainment needs. To learn more, visit Visa Signature Concierge.
±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 www.visa.com/security.
To 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.
Cash advances, credit card checks, and balance transfers are excluded from earning cash rewards.