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PenFed Power Cash Rewards

PenFed・Visa・No.069

A clean 2% flat-rate card for PenFed members who hold a checking account or military status — a solid Double Cash alternative.

✓ Verified · 2026-07-16
🎁 $100 (spend $1,500 in 90 days)

✓ Annual fee, APR and foreign-transaction fee verified against the issuer on 2026-07-16. Welcome offers change often — always confirm the current offer on the issuer's site.

Reward highlights

Who it's for

Best for PenFed members wanting a straightforward 2% flat-rate cash-back card.

Good for

Key benefits

Rates & fees

APR and fees are illustrative — confirm current terms on the issuer's site.

Frequently asked questions

Who can join PenFed?

PenFed membership is open to everyone by opening a savings account.

How do I get the full 2%?

You need PenFed Honors Advantage status, such as a checking account or military affiliation.

Is there an annual fee?

No, the Power Cash Rewards card has no annual fee.

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