PenFed Platinum Rewards Visa Signature® Card
The card_name is a rewards card designed for members of PenFed Credit Union (or people who don’t mind joining). Membership requirements are as easy as opening a PenFed savings account with a $5 deposit. The 5x points you get on gas is a great card benefit, plus you can earn a welcome bonus. However, note that you can’t redeem your points for cash. You can only redeem them for travel, merchandise, or gift cards. We dive into the details and your approval odds in this PenFed Platinum review.
Our Rating
4.5/5.0
Welcome Offer
15,000 Bonus Points
Annual Fee
No Annual Fee
0% on Purchases
Reward Rate
1x to 5x points
0% on Balance Transfers
12
Welcome Offer
15,000 Bonus Points when you spend $1,500 in first 90 daysFeatures & Benefits
Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability |
Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
Benefits | Purchase Protection, 24/7 customer service |
Travel Perks | Access to Special Events and Concerts, Concierge Services, Emergency Travel Assistance, Roadside Assistance, Travel Accident Insurance |
Rewards
Interest Rates & Fees
Annual Fee | No Annual Fee |
Foreign Transaction Fee | See Terms |
Regular APR | 17.99% (V) APR |
Balance Transfers | 0% Intro APR for 12 months on balance transfers, then 17.99%(V) APR after that. |
Balance Transfer Fee | 3% fee applies to each transfer |
Insurance
Purchase Protection
Will replace, repair, or reimburse you for eligible items of personal property up to $500 per claim for ninety (90) days from the date of purchase due to covered reasons.
What Credit Score Is Required to Get the PenFed Platinum Rewards Visa Signature® Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.
App Status | Date | Credit Score | Bureau | Credit Limit |
---|---|---|---|---|
Approved | 04/11/2022 | Equifax | ||
Approved | 07/31/2021 | Equifax | ||
Approved | 03/12/2021 | Experian | ||
Approved | 03/12/2021 | TransUnion | ||
Approved | 03/12/2021 | Equifax | ||
Approved | 05/21/2021 | Not Provided | ||
Approved | 04/10/2022 | Equifax | ||
Approved | 04/10/2022 | TransUnion | ||
Approved | 04/10/2022 | Experian | ||
Approved | 08/03/2022 | Equifax | ||
Approved | 08/03/2022 | TransUnion | ||
Approved | 05/09/2022 | Equifax | ||
Denied | 12/14/2021 | Not Provided |
- Welcome offer
- No annual fee
- No foreign transaction fee
- Up to 5x points
- Requires good credit
What Are the Best Alternatives?

Chase Freedom Unlimited®
Rating
4.9
Rewards Range
1.5% - 5%
Annual Fee
$0

Blue Cash Preferred® Card from American Express
Rating
4.5
Rewards Range
1%-6%
Annual Fee
$0 intro annual fee for the first year, then $95.

Capital One SavorOne Cash Rewards Credit Card
Rating
4.5
Rewards Range
1% -10%
Annual Fee
$0
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