Spring Forward Into A New Rewards Credit Card


Learn more about rewards credit cards

Using a standard credit card with no rewards? Consider a rewards credit card and read more about what to look for when shopping for a new credit card.

“Spring forward” sounds so optimistic, but we’re not sure anyone really enjoys setting the clocks forward and losing an hour of sleep each spring. Yet that doesn’t mean the concept’s a wash. Take the opportunity to do a little spring cleaning in another area of your life: your wallet.

If you’re using the same old standard credit card you’ve always used, is it time to switch things up? Let some fresh air in to your finances with a credit card that offers benefits you’ve been missing. Consider a credit card from PenFed Credit Union, which has a credit card to suit everyone.

You’ve got the power

Consider a brand new credit card that puts cash right back in your hand: the PenFed Power Cash Rewards Visa® Card. You get 1.50% cash back on all your purchases with no restrictions — every purchase, every time, everywhere. Think that sounds simple? It is. There are no gimmicks, complicated caps or limits.

  • 1.5% cash back on all purchases (excluding balance transfers, credit card checks, and cash advances)
  • Low APR for both purchases and cash advances — take cash out on your card at low rates
  • Choose how to get your rewards back: a credit to your credit card account, a deposit to your PenFed share or checking account, or an ACH deposit to an account at another financial institution
  • No annual fee
  • No foreign transaction fees
  • Increase your savings to 2% cash back on all purchases by joining the PenFed Honors Advantage program

Increase your cash back to 2%

You work hard to spend your money wisely. Now we make it easy for you to get more of it back. When you belong to PenFed Honors Advantage, you receive all the features and protection of the PenFed Power Cash Rewards Visa Card, including 1.5% cash back, plus you get an additional .50% cash back on every single purchase. That’s a total of 2.0% cash back on every dollar you spend.

This offer is as distinguished as our members, and it’s an honor for PenFed to provide this program to you. It’s easy to qualify for Honors Advantage:

Military defenders Primary or joint applicants must be active duty or retired from the U.S. military, the National Guard or the Reserves or be an honorably discharged veteran. As such you’ll start receiving the 2% cash back reward as soon as you complete your PenFed Power Cash Rewards Visa® Card application; no other action is needed.

PenFed checking account holders Non-military members can gain access to Honors Advantage by simply having and maintaining a PenFed Access America Checking Account. Use your existing account, or open a new one; members must be the primary account holder on both the credit card and checking account to qualify. In order to receive the 2% cash back reward, your checking account must remain open.

In addition to the benefits found in Honors Advantage, apply now to take advantage of these limited-time offers.

  • $100 bonus credit applied to your statement when you spend $1,500 during the first 90 days
  • 0% balance transfer offer for first 12 months; (3% balance transfer fee applies)*

Other credit card options

PenFed credit cards have consistently been recognized by industry sources for their outstanding rates and rewards. If travel rewards or perfectly simple payment and fee structures are what you’re looking for, find out which card is the right fit for you.

PenFed Platinum Rewards Visa® Signature Card

Want to earn points with every purchase? The PenFed Platinum Rewards Visa® Signature Card is the card for you. Earn 5x points on gas purchases at the pump, 3x points on supermarket purchases and 1x points on all other purchases. The PenFed Platinum Rewards Visa® Signature Card includes 24/7 concierge service. You pay no annual fee or foreign transaction fees.

PenFed Premium Travel Rewards American Express® Card

If you’re all about seeing the world, make the most of your travel rewards with the PenFed Premium Travel Rewards American Express® Card. Earn 5x points on airfare purchases and 1x points on all other purchases. The PenFed Premium Travel Rewards American Express Card includes 24/7 concierge service. You pay no annual fee or foreign transaction fees.

PenFed Promise Visa® Card Looking for simplicity itself? Try the PenFed Promise Visa® Card. You’ll enjoy absolutely no fees, that means no annual fees or foreign transaction fees.

PenFed Gold Visa® Card

The PenFed Gold Visa® Card is another simple, convenient choice. Enjoy a low APR, no annual fee or foreign transaction fees and no cash advance fee.

Start your spring nest egg growing

Springtime is all about new growth, new projects and new ideas. Start your nest egg growing with cash back from the PenFed Power Cash Rewards Visa® Card and Honors Advantage, or start stockpiling rewards points or enjoying low APRs and straightforward fee structures with the PenFed credit card that’s right for you.

*0% promotional rate for 12 Months on transfers made February 11, 2017 – March 31, 2017. After that, the APR for the unpaid balance and any new balance transfers will be 9.24% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance in full each month by the payment due date.

Posted in: Credit Cards
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