- 5%Points on gas and EV charging
- 3%Points on supermarkets
- 3%Points on restaurants
- 3%Points on streaming
- 1%Points on all other purchases
Earn 15,000 points after spending $1,500 in purchases within the first 3 months.
Earn 5x points on gas and EV charging, and 3x points on supermarkets, restaurants, and streaming.
17.99% Variable APR
A key differentiator is the PenFed Platinum Rewards Visa Signature Card's exceptional rewards rate on gas and EV charging, making it a top choice for drivers. Its no annual fee structure allows cardholders to earn rewards without worrying about offsetting costs.
Pros:
- No annual fee
- High rewards on gas and groceries
Cons:
- Limited to specific categories for high rewards
- Points may not be redeemable for cash
The PenFed Platinum Rewards Visa Signature Card is particularly suitable for individuals who frequently spend on gas and electric vehicle charging, given its high rewards rate in these categories. With no annual fee and a welcome bonus, it offers a compelling option for those looking to maximize rewards on everyday purchases without incurring additional costs.