- 1.5% on all purchases
- No annual fee
- Doesn't count toward 5/24
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.
✓ 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
- 2% flat cash back with Honors Advantage, 1.5% otherwise
- No annual fee
- Requires PenFed credit-union membership (open to all)
Who it's for
Best for PenFed members wanting a straightforward 2% flat-rate cash-back card.
Good for
Key benefits
- 2% flat cash back with Honors Advantage, 1.5% otherwise
- No annual fee
- Open to all via PenFed membership
- Simple flat-rate earning
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.
⚠️ Disclaimer: This site is a product concept. All card data, bonuses and figures are illustrative, may be out of date, and are not financial advice. Always verify with the issuer before applying.