![]() ![]() RewardsĮarning rewards with the PenFed Power Cash Rewards is simple. Depending on how you spend your cash, you may want to consider other credit cards instead. Since the top cash-back rate applies to Honors Advantage members, you’ll need to think about whether the credit union is the right place to park your money. However, the card’s welcome bonus falls short of catapulting the Power Cash Rewards card to leader-of-the-pack status.įiguring out whether the PenFed Power Cash Rewards card is the right pick for you isn’t just about the credit card rewards potential, though. Plus, there’s no annual fee, so every cent of cash back you earn is all upside - as long as you don’t carry a balance. And we also like that it’s easy to become an Honors Advantage member - you either need a checking account at PenFed or you need to be a qualifying military service member. The elevated 2% cash back rate for Honors Advantage members puts the card in the same family as some of the best cash-back credit cards. This card has a straightforward rewards structure: 1.5% cash back for regular PenFed members and 2% cash back if you’re a PenFed Honors Advantage member With the Power Cash Rewards Visa Signature® Card, you’ll always know how much you’re earning. When you’re comparing credit cards, it’s easy to get lost in a maze of bonus categories, point valuations and maximum spending thresholds. 1.5% Cash Back on all purchases made with your card ![]()
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