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!

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by Victória Lourenço

Published on 06/04/2022

PenFed Power Cash Rewards Visa Signature® card: get the best cash back rewards.

Read our PenFed Power Cash Rewards Visa Signature® card review! Source: The Mister Finance.
Read our PenFed Power Cash Rewards Visa Signature® card review! Source: The Mister Finance.

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!

Credit ScoreExcellent.
Annual FeeNo annual fee.
Regular APR15.99% 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.

*Terms apply.
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.

*Terms apply.
PenFed Power Cash Rewards Visa Signature® card review

How to apply for PenFed Power Cash Rewards Visa?

Do you want great cash back rewards? If so, read our post about the PenFed Power Cash Rewards Visa Signature® card application!

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How does the PenFed Power Cash Rewards Visa Signature® card work?

Learn how to get cash back from this PenFed card! Source: Unsplash
Learn how to get cash back from this PenFed card! Source: Unsplash

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,

Pros

  • No foreign transaction fees.
  • There is no annual fee.
  • Get up to 2% cash back as a PenFed Honors Advantage member.

Cons

  • 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!

PenFed Power Cash Rewards Visa Signature® card review

How to apply for PenFed Power Cash Rewards Visa?

Do you want great cash back rewards? If so, read our post about the PenFed Power Cash Rewards Visa Signature® card application!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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