PenFed Platinum Rewards Visa Signature Card Review and Comparison

The PenFed Platinum Rewards Visa Signature Card is a top-notch option for those seeking a rewards credit card with no annual fee. This card is perfect for everyday purchases and offers a generous rewards program.

With a rewards rate of 5x points on gas and 3x points on groceries, you'll earn points quickly. This is ideal for frequent gas station visitors and grocery shoppers.

The card's benefits don't stop there – it also offers a 0% introductory APR for 12 months, giving you time to pay off purchases without interest. This can be a huge money-saver for those who need to make a large purchase.

The PenFed Platinum Rewards Visa Signature Card offers a range of benefits and features that make it a great choice for cardholders.

You can get preferred event access with your PenFed card, making it easier to get tickets to the hottest events.

The card also provides upgrades, so you can enjoy a more luxurious experience at concerts, shows, and sporting events.

Plus, you can save money with your PenFed card, thanks to exclusive discounts and offers.

By using your card to pay for eligible entertainment services, you can unlock these benefits and enhance your entertainment experience.

The PenFed Platinum Rewards Visa Signature Card has a 0% balance transfers promo APR for 12 months, but only if made in the first 90 days after account opening. This offer comes with a 3% fee for each transaction.

You'll also pay a balance transfer fee, which can be a significant cost to consider. The late payment fee is up to $28, and the returned payment fee is up to $25.

Here are some fees to keep in mind:

The PenFed Platinum Rewards Visa Signature Card has a 0% balance transfers promo APR for 12 months made in the first 90 days after account opening.

The balance transfer fee is 3%, which applies to each transaction. After the promo period ends, the APR on balance transfers jumps to 17.99%.

You'll also pay a late payment fee of up to $28, and a returned payment fee of up to $25. These fees can add up quickly, so it's essential to stay on top of your payments.

The good news is that the card doesn't charge a foreign transaction fee, making it a great option for international travel.

Here's a quick rundown of the fees associated with the PenFed Platinum Rewards Visa Signature Card:

You can get a cash advance from PenFed Platinum Rewards at any ATM, provided you've obtained a PIN from Pentagon Federal Credit Union.

To get your PIN, simply call customer service at 800-581-7786.

Just remember that cash advances are very expensive, as interest will immediately begin accruing at a high rate.

PenFed Platinum Rewards cash advances can be obtained at any ATM, making them a convenient option for those in need of quick cash.

However, be aware that cash advances are not a long-term solution and should be used sparingly.

The PenFed Platinum Rewards Visa Signature Card offers a generous rewards program, with points earned in various spending categories. You can earn 5x points on gas paid at the pump and EV charging stations, 3x points at supermarkets, restaurants, and streaming services, and 1x point on all other purchases.

To redeem your points, you can choose from various options, including travel, gift cards, and merchandise. The value of your points varies depending on the redemption method, but you can get a high rate of return when redeeming for travel, typically 1 cent per point or more.

You can redeem your points online through your PenFed account or by calling the Rewards hotline at 800-581-7786. The rewards catalog offers a wide range of products, including electronics, sporting goods, and gift cards from over 300 brands.

Here are the redemption options and their corresponding value per point:

The PenFed Platinum Rewards Visa Signature Card offers a generous rewards program that earns points in multiple spending categories. You can earn 5x points on gas paid at the pump and EV charging stations, 3x points at supermarkets and restaurants, and 1x point on all other purchases.

The rewards program has no caps, so you can earn as many points as you want without worrying about reaching a limit. However, your PenFed account must be in good standing to earn points on purchases.

You can redeem your points for merchandise, gift cards, and travel, but cash back is not an option. The value of your points varies depending on how you redeem them, but you can get a good return when you redeem for travel.

Here's a breakdown of the value of your points when redeemed for different options:

You can also redeem your points for gift cards at select retailers, including popular brands like Chipotle and Banana Republic. The value of your points can vary depending on the retailer and the gift card you choose.

The Visa Signature Rewards program offers some amazing perks.

You can earn rewards points on your purchases, which can be redeemed for travel, dining, and other experiences.

With the Visa Signature Luxury Hotel Collection, cardholders get access to special offers and upgrades at over 900 properties worldwide.

The 24/7 Visa concierge service is available to help with travel bookings, restaurant reservations, and other requests.

Call 800-953-7392 to reach the concierge service and get assistance whenever you need it.

The PenFed Platinum Rewards Visa Signature Card has a generous rewards program with no annual fee.

The card earns 5 points per dollar spent on gas at the pump and electric vehicle charging stations.

You can also earn 3 points per dollar spent on supermarket purchases, including most Target and Walmart locations, as well as restaurants and TV, cable, radio, and streaming services.

All other purchases earn 1 point per dollar.

Here are the welcome offers: 15,000 points after $1,500 spend during the first 3 months of card open date, or $100 back for spending $1,500 in the first 3 months.

The Visa Signature Card offers a range of benefits, including no annual card fee and a 24/7 concierge service. You can call the Visa Signature Concierge at 800-953-7392 for assistance with travel bookings, restaurant reservations, and more.

One of the standout features of the Visa Signature Card is its rewards program. The PenFed Platinum Rewards Visa Signature Card earns 5 points per dollar spent on gas at the pump and electric vehicle charging stations, which is among the best rates you can find in that category.

The card also offers 3 points per dollar spent on supermarket purchases, including most Target and Walmart locations, as well as restaurants and TV, cable, radio, and streaming services. All other purchases earn 1 point per dollar.

Here's a breakdown of the rewards rates:

The card also offers a welcome offer of 15,000 points after spending $1,500 in the first 3 months, and you can redeem points for gift cards, travel, or merchandise.

To get approved for the PenFed Platinum Rewards card, you'll need a good credit score of 700+. Your credit score isn't the only thing the issuer will consider, though - they'll also take a look at your credit history, income, and any debts you might have.

A credit score of 700+ is needed for the PenFed Platinum Rewards. This means that you need good credit to get this card.

The starting credit limit for the PenFed Platinum Rewards card is usually around $7,500, although some cardholders have reported limits as high as $15,000.

This limit can vary significantly from one applicant to another, depending on their overall creditworthiness. Those with high income and excellent credit scores tend to be offered higher starting credit limits.