With the PenFed Power Cash Rewards Visa Signature® Card, you can earn $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening. Plus, you can earn up to 2% cash back on all your purchases if you are part of the PenFed Honors Advantage program or you’ll earn 1.5% cash back on all purchases! If you’re interested in what more this card has to offer, please continue to read below.
Editor’s Note: These PenFed Credit Union credit card promotions are available to members of the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense-related companies, Veterans of Foreign Wars, & more.
Members of the National Military Family Association, a non-profit advocacy organization for military families open to civilians, are too, eligible to join. If you’re eligible, become a member today as PenFed Credit Union members have access to several credit cards with features that match their needs and wants.
|Chase Sapphire Preferred Card 60K Points*||Citi Premier® Card 80K Points*
|The Platinum Card® from American Express 100K Points*||Capital One Venture Rewards Credit Card 60K Points*|
|American Express® Gold Card 60K Points*||Citi CustomSM Cash Card $200 Bonus*|
|Chase Freedom Flex $200 Bonus*||Chase Freedom Unlimited Card $200 Bonus*|
|Blue Cash Preferred® Card from American Express $300 Welcome Offer*||Blue Cash Everyday® Card from American Express $200 Welcome Offer*|
|Chase Ink Business PreferredSM Card 100K Points*||Chase Ink Business UnlimitedSM Credit Card $750 Bonus*|
|U.S. Bank Altitude® Go Visa Signature® Card $200 Bonus*||Capital One Quicksilver Cash Rewards Card $200 Bonus*|
|Power Cash Rewards Visa Signature® $100 Bonus*||*Must make minimum spending requirement to earn bonus|
Table of Contents
PenFed Power Cash Rewards Visa Card Summary
|Bonus Available||Get $100 as statement credit when you spend $1,500 in the first 90 days of account opening.|
|Ongoing Rewards/Benefits||Unlimited 1.5% on all purchases or 2% for PenFed Honors Advantage Members|
|Foreign Transaction Fees||No|
PenFed Power Cash Rewards Bonus Offer
PenFed Power Cash Rewards Card is offering an introductory promotion of $100 statement credit. You must charge your card of at least $1,500 in the first 90 days of account opening to get this offer.
Here are some ideas on how to meet the minimum spending requirement:
PenFed Power Cash Rewards Card Eligibilty
To apply for a PenFed Power Cash Rewards card, you will need to join PenFed credit union. You will meet one of the following requirements if you:
- are retired, honorably discharged or currently serving the U.S. military.
- are an employee of a qualifying organization.
- belong to a qualifying association or organization.
- are an employee of the U.S. government.
- live or work in an eligible location.
- are a family member or housemate of someone who is eligible.
If you don’t fit into any of the requirements, however, you can join either National Military Family Association or Voices for America’s Troops to qualify. Anyone can join, but minimal fees do apply.
If you get choose to apply for this PenFed Power Cash Rewards Visa Signature® Card, anyone with military service earns 2% cash back on all spending, with no limits or restrictions. That is one of the highest flat cash back rate in the market. And if you do not have military service or a checking account, you can earn 1.5% unlimited cash back.
Overall, this is the most beneficial for those who are in the military and/or have members who are active/veterans and can be seen as a big competition for Citi’s Double Cash Card. Additionally, review our complete list of credit card bonus promotions.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.