PenFed Power Cash Rewards Visa Signature Card basics Rewards: 2% cash back on all purchases for PenFed Honors Advantage members and 1.5% cash back for everyone else. Regular APR: 0% intro APR for 12 months on balance transfers, then a non-variable APR of 17.99%. Balance transfers incur a 3% fee per transaction.

And the PenFed Power Cash Rewards Visa Signature® Card does double-duty as both a cash-back card and a potential balance transfer card. It offers an intro 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening.

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.

Cash back refers to a credit card benefit that refunds the cardholder's account a small percentage of the sum spent on purchases. Cash back rewards are actual cash that can be applied to a credit card bill or received as a check or bank account deposit.

No, cash back is not free money. You need to make a purchase with your card to earn cash back. Cash-back rates typically range from 1% to 5%, so you will still be paying for the majority of your purchase out of pocket.

A cash back or cash rewards credit card gives you cash rewards for spending. The reward is usually a percentage of the amount you spend. Therefore, if a card offers 1 percent cash back, spending $4,500 over the course of a year would give you a reward of $45.

“You can now use your Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending.

Wire Transfers You will need to provide your account number at the other financial institution as well as their ABA routing number. Keep in mind that PenFed charges $25 for a domestic wire transfer and $30 for an international wire transfer. Other fees may apply at the receiving financial institution.

ATM Cash Withdrawal:

1. Visit the nearest ATM.
2. Insert your credit card into an ATM when you visit one.
3. First, choose "Cash Withdrawal" from the ATM menu. Then, input the desired transfer amount.
4. Next, key in your credit card PIN and press enter to get cash.
5. Finally, deposit that cash into your bank account.

This card is especially good for PenFed Honors Advantage members, who earn a full 2% cash back on all purchases. Plus, the PenFed Power Cash Rewards Visa has a $0 annual fee and a promotional balance transfer offer.

$15 This means for every dollar you spend, you'll earn 1.5% or $0.015. This adds up to $15 in cash back for every $1,000 spent.