What is PenFed (Credit Card) Platinum Rewards VISA Signature Card?
PenFed Platinum Rewards VISA Signature Card is one of the most popular credit cards of its kind. This card is offered by the Pentagon Federal Credit Union, commonly known as PenFed. It has become a favorite of many consumers for its excellent rewards program and highly competitive interest rates.
The Platinum Rewards VISA Signature Card offers cardholders a rewards program that allows them to earn points for every dollar they spend. These points can be redeemed for a variety of rewards, including merchandise, travel, and cashback. Cardholders can also earn additional bonus points by making purchases in specific categories, such as gas and groceries.
In addition to its rewards program, the PenFed Platinum Rewards VISA Signature Card also offers a wide range of other benefits. For example, cardholders can take advantage of features such as auto rental insurance, emergency travel assistance, and extended warranty protection. The card also has no foreign transaction fees, making it an excellent option for travelers.
One of the standout benefits of the PenFed Platinum Rewards VISA Signature Card is its low-interest rates. Cardholders can enjoy an APR as low as 9.99%, making it an excellent choice for those looking to save money on interest charges. Additionally, the card has no annual fee, making it a cost-effective choice for those looking to keep their credit card expenses low.
Overall, the PenFed Platinum Rewards VISA Signature Card is an excellent choice for those looking for a high-quality rewards program and low-interest rates. Its range of benefits and no annual fee make it an excellent choice for both new and experienced cardholders looking to take advantage of the many benefits of owning a credit card.
Frequently Asked Questions about penfed (credit card) platinum rewards visa signature card
The PenFed Platinum Rewards Visa Signature card is especially suited to those who seek a card for gas purchases, and that also offers strong rewards for groceries. Purchases earn an outstanding five points per dollar for gas and three points per dollar on groceries. All other purchases earn one point per dollar spent.
The main difference between Visa Signature and Visa Platinum is the rewards programs and minimum credit limits. However, if you're looking for a card with cash back 33, Visa Platinum is your best bet. If you prefer more travel benefits, then you'll love Visa Signature 43. Learn more about cash back vs.
The PenFed Platinum Rewards Visa rewards cardholders with 5 points per $1 spent on gas purchased at the pump and electric vehicle charging stations, 3 points per $1 spent at supermarkets and restaurants, 3 points per $1 spent on cable, satellite and other television, radio or streaming services, and 1 point per $1 ...
The PenFed Power Cash Rewards Visa Signature® Card offers a decent 1.5% cash-back rate on all purchases. You can redeem cash back for statement credit or a deposit into a qualifying PenFed bank account. With no foreign transaction fees, this credit card is well-equipped for travel.
No Foreign Transaction Fees:
You won't be charged extra for using your PenFed card outside of the U.S.
Is Penfed a good credit card company? Yes, PenFed is a good credit card company that offers unsecured credit cards for people with good credit. PenFed credit cards come with $0 annual fees, 0% foreign transaction fees, rewards of up to 5 points / $1 spent on purchases, and introductory APRs.
Visa Signature cards include all the benefits that come with Traditional cards but also some extras. Extended warranty protection: When you use your Visa Signature card for your purchases, extended warranty protection will extend the life of your U.S. manufacturer's warranty of three years or less.
Visa Signature benefits include the following:
- Extended warranty protection.
- Travel and emergency assistance.
- Year-end spending summary.
- Visa Signature concierge.
- Roadside assistance (T).
- Auto rental collision damage waiver (T).
- Zero fraud liability (T).
A Platinum credit card is a category that offers premium services to cardholders. As the name suggests, platinum cards hold more weightage, but at the same time, they come with some added responsibilities as well.
While the Platinum Rewards Visa Signature® Card and PenFed Pathfinder® Rewards Visa Signature® Card reward you in points, the Power Cash Rewards card offers cash back. You can redeem your cash back in three ways: as a statement credit, deposit into a PenFed account or a transfer to an external account.
No Foreign Transaction Fees:
You won't be charged extra for using your PenFed card outside of the U.S.
You can use your credit card at an ATM to withdraw cash the same way you would withdraw from checking. You'll need a PIN for your credit card to do this. If you don't already have a PIN for your card, you can request one from your issuer, which may take as much as a week to set up.
The PenFed Platinum Rewards credit limit is usually around $7,500 to start, according to forum posts, and some cardholders report limits as high as $15,000. PenFed does not include any specific PenFed Platinum Rewards credit limit information in the card's terms, though.
