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


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 months

Welcome Offer

15,000 Bonus Points when you spend $1,500 in first 90 days

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsPurchase Protection, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Concierge Services, Emergency Travel Assistance, Roadside Assistance, Travel Accident Insurance


1x points
On all other eligible purchases
1x Points on all other purchases
3x points
U.S. supermarkets
3x Points at the supermarket (including most Target and Walmart locations)
3x points
Streaming services
3x Points on TV, radio, cable, streaming services
3x points
3x Points at restaurants
5x points
5x points on gas paid at the pump and EV charging stations

Interest Rates & Fees

Annual FeeNo Annual Fee
Foreign Transaction FeeSee Terms
Regular APR17.99% (V) APR
Balance Transfers0% Intro APR for 12 months on balance transfers, then 17.99%(V) APR after that.
Balance Transfer Fee3% fee applies to each transfer


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 numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 697

Average Approved Credit Score: 697

App StatusDateCredit ScoreBureauCredit Limit
Not Provided

Pros & Cons

  • Welcome offer
  • No annual fee
  • No foreign transaction fee
  • Up to 5x points
  • Requires good credit

What Are the Best Alternatives?

Chase Freedom Unlimited®
Chase Freedom Unlimited®



Rewards Range

1.5% - 5%

Annual Fee


Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express



Rewards Range


Annual Fee

$0 intro annual fee for the first year, then $95.

Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card



Rewards Range

1% -10%

Annual Fee


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