PenFed · Visa
PenFed Power Cash Rewards
No annual fee · 1.5% on everything else · no foreign transaction fees
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Everything else | 1.5% | uncapped |
Non-cash perks
- Membership required (PenFed: open to anyone who joins the credit union)
- No foreign transaction fees
Does the fee earn out? · how we got this
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.
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 · www.penfed.org. Spot an error? Tell us.