PenFed Platinum Rewards
- Annual fee
- None
- Earns
- PenFed points
- Point value
- 1 CPP
Welcome offer
Earn 15,000 PenFed points after you spend $1,500 in 3 months
≈ $150 at 1 CPP
Earning rates
| Category | Earns | Return |
|---|---|---|
| Gas | 5x | 5% |
| Dining | 3x | 3% |
| Groceries | 3x | 3% |
| Travel | 1x | 1% |
| Everything else | 1x | 1% |
Return is what each $1 of spend is worth with points valued at 1 CPP.
Application rules
Counts toward 5/24
Opening it takes one of your Chase 5/24 slots.
Membership required
You need to join PenFed Credit Union, by opening a savings account, to get this card.
About the PenFed Platinum Rewards
The PenFed Platinum Rewards is a personal Visa card from PenFed with no annual fee that earns PenFed points. It earns 5x on gas, 3x on dining, 3x on groceries and 1x on everything else. The current welcome offer: earn 15,000 PenFed points after you spend $1,500 in 3 months. AwardHack values PenFed points at 1 CPP.
Frequently asked questions
What is the PenFed Platinum Rewards annual fee?
The PenFed Platinum Rewards has no annual fee.
What is the PenFed Platinum Rewards welcome bonus?
Earn 15,000 PenFed points after you spend $1,500 in 3 months. AwardHack values that at about $150.
Does the PenFed Platinum Rewards include airport lounge access?
No, the PenFed Platinum Rewards doesn't include airport lounge access.
Does the PenFed Platinum Rewards count toward Chase 5/24?
Opening it counts as one of your 5/24 slots.
Similar cards
Offers, fees and benefits change often. Check the issuer's site before you apply.