PenFed Platinum Cash Rewards Visa® Card

Editor's Notes

Card Highlights This card is best for eligible credit union members seeking good cash back rewards on everyday purchases and a decent APR.

Should you switch to the PenFed Visa Platinum Cash Rewards Card?
If you only use your credit card for frequent gas purchases, this no annual fee, rewards card will save you plenty of money. For most credit card users, this account works better when it complements another cash back card. However, if you can get approved for this card during one of PenFed's special balance transfer offers, you might save more money in finance charges than you'll get back as cash rebates.

	Purchase	Balance Transfer	Cash Advance
Index:	Prime	Prime	Prime
Margin:	6.74	6.74	6.74
Standard APR:	9.99% Variable	9.99% Variable	9.99% Variable (9.99%* APR introductory rate through June 30, 2014. After that, the APR will vary with the market based on the Prime Rate.)
Standard APR Floor:	None	None	None
Introductory Rate:	9.99%*	4.99%	9.99%
Introductory Period:	through June 30, 2014	promotional balance transfer rate on transfers made from April 1, 2013 through June 30, 2013 for the life of balance	through June 30, 2014

Finance Calculation Method:	Average Daily Balance	Purchase Grace Period:	25 days
Default/Penalty APR:	17.99% Fixed	Default/Penalty Index:	N/A
Default/Penalty APR Floor:	None	Default/Penalty Margin:	N/A
Maximum Default APR:	Fixed
Penalty/Default Trigger:	If your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable Penalty APR. The Penalty APR will remain in place until you make three (3) consecutive monthly payments on or before the due date.

Annual Fee:	$0	Foreign Tranaction Fee:	None
Late Fee:	Up to - $25 max. (Up to $10 if balance is less than $1000; Up to $20 if balance is $1000-$2000; Up to $25 if balance is greater than $2000)	Over-the-limit fee:	None (None)
Balance Transfer Fee:	See terms (No balance transfer fee on transfers made from April 1, 2013 through June 30, 2013. The fee for balance transfers made after June 30, 2013 will return to 3% (Min. $10 – Max. $250) per transaction.)	Cash Advance Fee:	None

Card Details

Card Issued By:	Pentagon Federal Credit Union
Card Type:	Visa
Card Category:	Low Interest, Cash Back
Card Class:	Platinum
How to Apply:	Online Application Form - Click to Apply
General Correspondence Address:	PO Box 1432 Alexandria,VA 22313 800 247 5626