| Category | Rate | Type | Cap |
|---|---|---|---|
|
Gas Stations
Earned on gas paid at the pump at gas stations; uncapped with no annual spending limit.
|
5x | Points | No cap |
|
EV Charging Stations
Earned on electric vehicle charging station purchases; uncapped with no annual spending limit.
|
5x | Points | No cap |
|
Groceries
Earned at supermarkets including most Target and Walmart locations; uncapped with no annual spending limit.
|
3x | Points | No cap |
|
Dining
Earned at restaurants and dining establishments; uncapped with no annual spending limit.
|
3x | Points | No cap |
|
Streaming Services
Earned on TV, radio, cable, and streaming service purchases; uncapped with no annual spending limit.
|
3x | Points | No cap |
|
All Other Purchases
Flat 1 point per dollar earned on all purchases not falling into a bonus category; balance transfers and cash advances do not earn points.
|
1x | Points | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
0% Intro APR on Balance Transfers
New cardholders receive a 0% introductory APR on balance transfers for 12 months from account opening; after that, the standard variable APR applies. A balance transfer fee applies.
|
Financial | 0% for 12 months |
|
No Annual Fee
The PenFed Platinum Rewards Visa Signature Card carries no annual fee for all cardholders.
|
Financial |
$0 annual fee
Up to $0
|
|
No Foreign Transaction Fees
The card charges no foreign transaction fees on purchases made outside the United States, making it suitable for international use.
|
Financial |
$0 foreign transaction fee
Up to $0
|
|
SCRA Interest Rate Reduction
Eligible active-duty servicemembers may receive a reduced APR of 6% on pre-service balances under the Servicemembers Civil Relief Act by contacting PenFed.
|
Financial | 6% APR cap for active-duty servicemembers |
|
Auto Rental Collision Damage Waiver
When the full rental cost is charged to the card and the primary rental insurance is declined, Visa provides collision damage waiver coverage for eligible rental vehicles.
|
Insurance | Complimentary |
|
Cell Phone Protection
Cardholders receive cell phone protection coverage when the monthly cell phone bill is paid with the PenFed Platinum Rewards card, covering damage or theft.
|
Insurance | Complimentary |
|
Extended Warranty Protection
Eligible purchases made with the card receive an extension of the original manufacturer's warranty on qualifying items.
|
Insurance | Complimentary |
|
Travel Accident Insurance
Cardholders are covered by travel accident insurance when eligible transportation tickets (air, bus, train, or cruise) are purchased with the card.
|
Insurance | Complimentary |
|
Visa Signature Concierge Service
Cardholders have 24/7 access to Visa Signature Concierge service for assistance with travel bookings, dining reservations, event tickets, and other personal requests.
|
Lifestyle | Complimentary |
|
1x Points on All Other Purchases
All non-bonus category purchases earn 1 point per dollar spent; balance transfers and cash advances do not earn points.
|
Rewards | 1x points |
|
3x Points on Groceries, Dining, and Streaming
Cardholders earn 3 points per dollar at supermarkets (including most Target and Walmart locations), restaurants, and TV, radio, cable, and streaming services, with no annual cap.
|
Rewards | 3x points |
|
5x Points on Gas and EV Charging
Cardholders earn 5 points per dollar spent at gas stations paid at the pump and at EV charging stations, with no annual cap on earnings.
|
Rewards | 5x points |
|
24/7 Fraud Monitoring
PenFed monitors card accounts around the clock and will notify cardholders if potentially suspicious or fraudulent transactions are detected.
|
Security | Complimentary |
|
Visa Zero Liability Protection
Cardholders are not held responsible for unauthorized charges made with their card or account information on U.S.-issued cards, provided fraud is reported promptly.
|
Security | Complimentary |
|
Roadside Dispatch
Cardholders have access to Visa's pay-per-use roadside assistance program in the U.S. and Canada, providing pre-negotiated rates for towing, tire changing, jump-starting, and other roadside services.
|
Travel | Pay-per-use (no membership fee) |
|
Visa Signature Luxury Hotel Collection
Cardholders have access to a curated collection of luxury hotels worldwide with exclusive benefits including complimentary breakfast, room upgrades when available, and premium offers through the Visa Signature Luxury Hotel Collection.
|
Travel | Complimentary |
