PenFed Power Cash Rewards full review

The card that doesn't charge you annual fees but rewards you for your purchases!

What do I need to know about the PenFed Power Cash Reward credit card?

PenFed Power Cash Reward credit card illustration

PenFed Power Cash Reward is a new service offered by PenFed Credit Union and Visa that has a differential that can be the factor that makes you get it quickly, its annual fee is $0, which means you won’t have to pay values to take advantage of all the features that the card can offer you.

In addition to being free of annual fees that are commonplace for this type of service, you will also be free of fees that could be charged for transactions carried out abroad!

The card is ideal for those who routinely use a credit card, because by purchasing the PenFed Credit Union service you will have the chance to make purchases that will always give you cashbacks and rewards!

The service is about respecting and understanding your expenses without charging abusive fees for the use of the service, as mentioned above, its annual fee charged is $0, while the variable purchase APR is from 16.49% to 17.99%

How do the PenFed Power Cash Reward credit card works?

By subscribing to a PenFed product, you will be able to count on discounts in the most varied types of establishments, in domestic, financial, automotive, personal and retail services.

In addition to the discounts offered to PenFed subscribers, you will also be able to take advantage of discounts that will be made available by the Visa subscription, which has a variety of promotions, including shopping, hotels, sports, car rental, entertainment, among others!


Unfortunately, nowadays, through online and also in-person purchases, credit card users are subject to scams on a daily basis.

With that in mind, PenFed Power Cash Reward has high security, with fraud monitoring 24 hours a day, seven days a week. If there is evidence of fraud at any time of the day, you will be officially informed by a Service Representative.

For online purchases, advanced technology has been developed and provided by VISA, which uses multiple layers of security in your payment to protect your card against unauthorized use.

This way you can count on all the security possible regardless of the time and place you are!

Balance transfer

One of the options for those looking to obtain or improve a positive credit history is through the balance transfer performed by Power Cash Reward, where you will be able to reduce your monthly payments, consolidate debts and reduce your interest rates, in addition to covering unexpected evictions and paying higher rate cards.

How to redeem the rewards provided by your PenFed Power Cash Reward?

  • Statement Credit: Apply directly to your PenFed credit card account.
  • PenFed Account Deposit: Add your cash rewards to your PenFed Checking or Share account.
  • Transfer to the financial institution of your choice: Schedule monthly withdrawals to the account of your choice.

Some of the benefits offered by PenFed Power Cash Reward

With PenFed Power Cash Reward you get up to 1.5% cashback on all purchases made with the card, plus a cashback of up to 2% on all purchases for PenFed Honors Advantage members.

A $100 bonus offer statement credit is offered if you spend $1500 within the first 90 days of using the card.

The annual fees factor being $0 is one of the biggest benefits of the service. In addition to these fees, if you need to make an emergency purchase in other countries you won’t have to deal with fees for purchases made abroad, as the card has a service that frees you from these amounts too!

How to apply for the PenFed Power Cash Reward credit card?

If you are interested in purchasing this service, you are on the right path! Follow in the article below how to apply it and enjoy all the opportunities and advantages that this card can offer you! Do not waste time!

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