PenFed · Visa
PenFed Power Cash Rewards Visa Signature®
Annual Fee
$0
Sign-Up Bonus
$100
Current offer shown; issuer determines eligibility.
Spend $1,500 in 3mo
Terms apply.
Base Rate
1.5x
on everything
Best For
Flat-rate cash back seekers who don't want to think about categories
Sign-Up Bonus
Bonus: 100 cash back
Details: $100 statement credit after $1,500 spend in first 90 days
Requirement: Spend $1,500 in 3 months
Estimated value: $100Terms apply. Current offer shown; issuer determines eligibility.
Key Benefits
Perks (not counted in our math)
Pros & Cons
Pros
- + Uncapped 2% on everything with no annual fee (requires PenFed checking)
- + $100 welcome bonus after $1,500 spend
- + No foreign transaction fees
- + Credit union — often more favorable terms
Cons
- - Must be PenFed member (free to join but extra step)
- - 1.5% base without checking account (2% requires checking)
- - Flat-rate only — no category bonuses (gas, grocery, etc.)
- - Less well-known brand
Rates and fees may vary.See current rates, fees, and terms on PenFed's site
Recommended credit score: 680+
Advertising disclosure: we may earn a commission if you apply through this link. This does not affect your ranking. Full disclosure
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Written by Tim · Data verified against issuer terms · Last checked Sep 14, 2026 · Methodology v2026.09.1
Card information is collected independently and has not been reviewed or provided by the card issuer. Terms apply to the offers listed on this page. See our disclosure for details.