With the PenFed Power Cash Rewards Visa Signature® Card, you can earn $100 Bonus Offer Statement Credit when you spend $1,500 in the first 90 days.
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.
PenFed Power Cash Rewards Visa Card Summary
|Bonus Available||Earn $100 Bonus Offer Statement Credit when you spend $1,500 in the first 90 days.
0% Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction.
|Ongoing Rewards/Benefits||2% Cash Back on all purchases for PenFed Honors Advantage Members
1.5% Cash Back on all purchases made with your card
|Foreign Transaction Fees||No|
(Visit PenFed to learn more about this card)
PenFed Power Cash Rewards Bonus Offer
Earn $100 Bonus Offer Statement Credit when you spend $1,500 in the first 90 days.
PenFed Power Cash Rewards Card Eligibility
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.