PenFed Platinum Rewards
No annual fee · 1x on everything else · no foreign transaction fees
Earn rates
| Category | Rate | Cap |
|---|---|---|
| Gas | 5x | uncapped |
| EV charging | 5x | uncapped |
| Groceries | 3x | uncapped |
| Dining | 3x | uncapped |
| Streaming | 3x | uncapped |
| Everything else | 1x | uncapped |
See how it ranks: best gas cards · best EV charging cards · best groceries cards · best dining cards.
Signup bonus: 15,000 points after $1,500 in 3 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero.
Non-cash perks
- Membership required (PenFed: open to anyone who joins the credit union)
- PenFed points are worth roughly 0.85 cents each on typical travel/gift card redemptions
- No foreign transaction fees
Does the fee earn out?
No annual fee, so every point earned is pure upside. The question is only whether its rates beat the other cards already in your wallet — which depends on your spending, not the card.
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Compared head-to-head
- PenFed Platinum Rewards vs Chase Sapphire Preferred — which earns more?
- PenFed Platinum Rewards vs Blue Cash Preferred Card from American Express — which earns more?
- PenFed Platinum Rewards vs Capital One Savor — which earns more?
- PenFed Platinum Rewards vs AAA Daily Advantage Visa Signature — which earns more?
- PenFed Platinum Rewards vs AAA Travel Advantage Visa Signature — which earns more?
- PenFed Platinum Rewards vs Everyday Rewards+ (Elan) — which earns more?
- PenFed Platinum Rewards vs Wyndham Rewards Earner Plus Card — which earns more?
- PenFed Platinum Rewards vs Wells Fargo Autograph — which earns more?
Comparing cards in the same currency? See the best cards that earn PenFed points →
More from PenFed
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-02 against issuer terms · sources: www.penfed.org. Spot an error? Tell us.