What is PenFed (Credit Card) Power Cash Rewards Visa?
The PenFed Power Cash Rewards Visa Signature Card is a popular credit card offered by Pentagon Federal Credit Union. This credit card is designed to offer cash back rewards on everyday purchases and is a great option for those who want to earn rewards on their spending without worrying about rotating categories.
With the PenFed Power Cash Rewards Visa Signature Card , cardholders can earn up to 2% cash back on all purchases. This makes it an attractive option for those who are looking for a simple and straightforward rewards program. There are no category restrictions, so you can earn rewards on everything from grocery purchases to gas.
The PenFed Power Cash Rewards Visa Signature Card also offers a range of other benefits , including no annual fee, a 0% intro APR for balance transfers for the first 12 months, and a competitive APR after that. Cardholders can also take advantage of a range of additional benefits, such as travel and emergency assistance, car rental coverage, and more.
Overall, the PenFed Power Cash Rewards Visa Signature Card is a solid credit card option for those who want to earn cash back rewards on their everyday purchases. With a simple rewards program, no annual fee, and a range of additional benefits, it's a great choice for anyone looking for a credit card that offers value and flexibility.
Frequently Asked Questions about penfed (credit card) power cash rewards visa
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.
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.
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.
The PenFed Power Cash Rewards Visa Signature® Card offers a decent 1.5% cash-back rate on all purchases. You can redeem cash back for statement credit or a deposit into a qualifying PenFed bank account. With no foreign transaction fees, this credit card is well-equipped for travel.
No Foreign Transaction Fees:
You won't be charged extra for using your PenFed card outside of the U.S.
You can send and receive cash using your PenFed checking account and services such as Square Cash, PayPal, and Venmo.
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 card is a term for a payment card that stores cash, such as debit, gift, or prepaid debit cards. Credit cards are not considered cash cards. Cash cards are a convenient way for cardholders to make electronic payments. Note that Square's Cash App offers a debit card that's called a Cash Card.
Rewards credit cards offer points that can be redeemed for merchandise, flights, and more, whereas cash back cards give you a fixed dollar amount for every purchase you make. Choose a credit card based on your lifestyle and what gives you the most bang for your buck.
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.
No Foreign Transaction Fees:
You won't be charged extra for using your PenFed card outside of the U.S.
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.
The online and mobile banking feature you can use to your advantage is that they are ready whenever you are. You can check your balance, pay bills, and transfer money - after hours, on weekends, or whenever it's convenient for you. Sure, you utilize a different device for mobile and online banking.
