Credit Card Industry Experts Praise the Card for its Flat Cash Back Rate and Simplicity
TYSONS, Va., Feb. 22, 2017 – PenFed, the nation’s second largest federal credit union, today announced its new flagship credit card: the PenFed Power Cash Rewards Visa Signature® Card, which provides consumers cash back on every purchase they make, everywhere they shop with no limits such as spending caps, hidden fees or revolving categories common with many rewards cards today.
PenFed Power Cash Rewards Visa Signature® Card offers 1.5% cash back on every purchase, everywhere. PenFed members can receive a total of 2% cash back on all purchases if they have a PenFed Access America checking account or if they have served or are currently serving in the military. The additional rewards are available through PenFed’s Honors Advantage Program PenFed also unveiled today.