Earn More Cash Back at the Pump
Get cash back from your gas purchases at the pump! You can earn even more with the Plus card by obtaining a qualifying PenFed product.
To apply for this exclusive card, please call us. 800-247-5626
- 3% CASH BACK Gas Purchases at the Pump*
- 5% TOTAL CASH BACK for all PenFed Plus members**
- NO FOREIGN TRANSACTION FEE
- Favorable Fees $0 annual fee for the first year then $25 the following year for standard members
- Enhanced Security EMV chip-enabled for added security
Balance Transfer Offer for PenFed Platinum Cash Rewards Visa Cardholders
% promotional balance transfer rate for on Balance Transfers made between . After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently %. A % balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
No annual fee and earn an EXTRA 2% CASH BACK for a total of 5% CASH BACK on all purchases made with your PenFed Platinum Cash Rewards Plus Visa Card.
How to qualify for the Plus card
**You can earn 5.00% on gas purchases paid at the pump and avoid an annual fee by obtaining a qualifying PenFed product:
• Active checking account with direct deposit ($250 min.)
• Money Market Certificate or IRA Certificate
• Installment loan
• Equity Loan or Equity Line of Credit
• Thrifty Credit Service
• Personal Line of Credit
• Money Market Savings Accounts
|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases and Cash Advances||% . Your APR will vary with the market based on the Prime Rate.|
|APRs for Balance Transfers||% promotional balance transfer rate for on transfers made between After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate, and is currently %. A % balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance in full each month by the payment due date.|
|Penalty APR and When It Applies||% APR 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.|
Cardholders may sign up for Free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.
*Accounts earning 3.00% on gas purchases at the pump will be evaluated on a monthly basis to determine if the member has a qualifying product. Accounts with qualifying products will be upgraded so that the member will earn 5.00% on gas purchases at the pump.
**Net purchases (new monthly purchases minus returns and credits). Rewards are available only for new monthly 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 limitations apply to the Visa Platinum Cash Rewards Program. Certain restrictions may apply. Visa USA determines which transactions are classified as paid at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards.