| Category | Rate | Type | Cap |
|---|---|---|---|
|
All Other Purchases
Unlimited 2% cash back on all purchases for PenFed Honors Advantage members (active-duty, reserve, retired, or honorably discharged military, or holders of a qualifying PenFed checking account); no category restrictions or spending caps.
|
2x | Cash Back | No cap |
|
All Other Purchases
Unlimited 1.5% cash back on all purchases for standard (non-Honors Advantage) cardholders; no category restrictions or spending caps. Cash advances, balance transfers, and account access checks do not earn cash back.
|
1.5x | Cash Back | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
0% Intro APR on Balance Transfers
New cardholders receive a 0% introductory APR on balance transfers made within the first 90 days of account opening for 12 months; after that, the standard non-variable APR of 17.99% applies. A 3% balance transfer fee applies per transaction.
|
Financial | 0% for 12 months |
|
No Annual Fee
The PenFed Power Cash 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 travel and purchases.
|
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 Power Cash Rewards card, covering damage or theft of the phone.
|
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 |
|
PenFed Member Discounts
As a PenFed Credit Union member, cardholders receive access to a range of exclusive member discounts including savings on home and auto insurance, car rentals, and other financial and retail products and services.
|
Other | Complimentary |
|
1.5% Cash Back for Standard Members
Standard cardholders (non-Honors Advantage) earn an unlimited 1.5% cash back on all purchases with no category restrictions or spending caps; cash advances, balance transfers, and account access checks do not earn cash back.
|
Rewards | 1.5% cash back on all purchases |
|
2% Cash Back for Honors Advantage Members
PenFed Honors Advantage members (active-duty, reserve, retired, or honorably discharged military, or holders of a qualifying PenFed checking account) earn an unlimited 2% cash back on all purchases with no category restrictions or spending caps.
|
Rewards | 2% cash back on all purchases |
|
Cash Back Never Expires
Cash back rewards never expire as long as the account remains open; unredeemed rewards remain accessible for 120 days after account closure.
|
Rewards | No expiration while account is open |
|
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 U.S.-issued card or account information, provided fraud is reported promptly.
|
Security | Complimentary |
|
Roadside Dispatch
Cardholders have access to Visa's pay-per-use roadside assistance program 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, upgrades, and premium offers through the Visa Signature Luxury Hotel Collection.
|
Travel | Complimentary |
