Pentagon Federal Credit Union PenFed Platinum Rewards Visa® Card

Nationwide

Availability

Eligibility requirements

This card is from a credit union, a not-for-profit, member-owned institution that you must join before applying for the card. Check with the credit union for membership requirements, which typically include living in certain areas or working for certain employers.

Review details with the company before applying

APRs change over time and are specific to the applicant. Check rates before applying.

Web

penfed.org

Phone

(800) 247-5626

Purchase interest rate and fees

17.99%*

*As of Dec. 31, 2024. Advertised purchase APRs change over time. Check rates before applying.

Here are typical APRs for different credit scores for this card:

Credit score	Median purchase APR	Comparison to other cards
620-719	17.99%	1 dollar sign symbol Pay less interest
720+	17.99%	1 dollar sign symbol Pay less interest

After opening the credit card, the purchase APR is variable, meaning it can go up or down based on the index listed in the details below. Learn more about APRs in general and about fixed versus variable APRs.

Foreign transaction fee: None
Minimum finance charge: No minimum interest payment is required to avoid additional fees
Grace period: 25 days until interest begins to accrue on purchases
Balance computation method: Monthly interest is calculated based on your average daily balance including new purchases
Purchase APR index: The purchase APR varies depending on the value of the prime index

Learn more about how credit card interest is calculated.

Fees

$0

Late fee: Up to $20 if balance is less than $1000 Up to $25 if balance is $1000-$2000 Up to $28 if balance is greater than $2000 The late fees apply to the first late fee and repeat late fees. If the late fee is higher than the minimum payment due, the lesser is c
Over-limit fee: None
Returned Payment Fee: $25 (If a payment is not honored or returned because it could not be processed.)
Optional Debt Protection - Plan 1: $2.10 (Coverage for Loss of Life, Disability and Involuntary Unemployment per $1000 of monthly outstanding balance. Benefit maximums apply.)
Optional Debit Protection - Plan 2: $1.20 (Coverage for Loss of Life and Disability per $1000 of monthly outstanding balance. Benefit maximums apply.)
Optional Debit Protection - Plan 3: $0.88 (Coverage for Loss of Life per $1000 of monthly outstanding balance. Benefit maximums apply.)

Rewards and perks

Other

Other rewards: Cardholders earn points on purchases that can be redeemed for gift cards, travel, and other retail goods.

Services

Access to Free Credit Scores
Credit card registration
Debt cancellation coverage
Discounts on purchases of goods and services (non travel related)
Roadside Dispatch Travel Accident Insurance Credit Management Tool - Dovly Uplift Identity Theft Protection - ID Navigator Powered by Norton Lifelock Cell Phone Protection

Card features

Contactless Payments
Chip card
Mobile wallet provisioning (for example, Apple Pay)

Did you know: If you carry a balance on your credit card, interest and fees typically exceed the value of any rewards earned. Learn why rewards may not be as beneficial as they seem.

Balance transfer interest rate and fees

0%*

+

3%

*As of Dec. 31, 2024. Advertised balance transfer APRs change over time. Check rates before applying.

After 12 months, any remaining unpaid balance on your account will be subject to interest charges based on your purchase APR.

Cash advance interest rate and fees

17.99%*

+

$0

*As of Dec. 31, 2024. Advertised cash advance APRs change over time. Check rates before applying.

Did you know: If you use your card to transfer a balance or get a cash advance, you may have to start paying interest on some or all of your total balance, including new purchases, as of the date of the transaction.