Credit Cards (US)
PenFed Power Cash Rewards Visa Signature® card full review
If you need a cash back credit card with no annual fee and a 0% intro APR period, check out our PenFed Power Cash Rewards Visa Signature® card review to learn more!
by Victória Lourenço
PenFed Power Cash Rewards Visa Signature® card: get the best cash back rewards.
If you are looking for a simple and easy-to-use credit card, we might have one of the best credit card options for you! With the PenFed Power Cash Rewards Visa Signature® card, you can make the best out of the cash back rewards. Plus, you can find special perks related to PenFed members. Therefore, keep reading our PenFed Power Cash Rewards Visa Signature® card review to learn all about this excellent credit card!
|Annual Fee||No annual fee.|
|Regular APR||15.99% to 17.99% variable APR.|
|Welcome bonus*||With the current offer, you can get a $100 statement credit bonus after you spend $1,500 in your first 90 days using the card.|
|Rewards*||2% cash back on every purchase you make with the card if you are a PenFed Honors Advantage Member.|
1.5% cash back on every purchase you make with the card.
How does the PenFed Power Cash Rewards Visa Signature® card work?
With the PenFed Power Cash Rewards Visa Signature® card, you can sign up to be a part of the Pen Fed Honors Advantage program. This way, you can get special perks with this PenFed card. For example, you can get up to 2% cash back on all purchases you make with your credit card. Also, if you are not a PenFed member, you can get up to 1.5% cash back on all the purchases you make.
Moreover, with the current welcome bonus offer, as a new cardholder, you can get a $100 statement credit bonus after you spend $1,500 in your first 90 days with the card. In addition, you can get a 0% intro balance transfer APR for your first 12 months using the card.
PenFed Power Cash Rewards Visa Signature® card benefits
This PenFed credit card offers some of the best options for PenFed members. Also, you can get all these features and benefits for no annual fee! Plus, you can get access to Zero Liability, a digital wallet, and more! However, as with any credit card, this PenFed card also has some downsides. For example,
- No foreign transaction fees.
- There is no annual fee.
- Get up to 2% cash back as a PenFed Honors Advantage member.
- The welcome bonus does not have that many advantages.
- Unfortunately, the intro APR period is only valid for balance transfers.
How good does your credit score need to be?
As this PenFed credit card offers many advantages to its cardholders, you will need a very high credit score to qualify. Also, you need to have an excellent credit score to fit the requirements.
How to apply for PenFed Power Cash Rewards Visa Signature® card?
You can easily apply to get your PenFed Power Cash Rewards card. All you need is to go to the company’s official website and start the application process. Therefore, check out our post below to know all about how to apply!
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