PenFed
Penfed Platinum Rewards Visa Signature
Annual Fee
$0
Sign-up Bonus
15,000 pts
Card data last reviewed 2026-05-04
Where It Wins, Where It Doesn't
Generated from the card's data against our full catalog, not editorial opinion.
- 5x on gas (catalog median is 2x)
- 3x on dining (catalog median is 2x)
- 3x on fast food (catalog median is 2x)
- No annual fee
- Non-bonus spending earns only 1x
What It Earns
Net annual value (rewards + credits at typical usage, minus the fee) at three reference spending profiles. Signup bonuses excluded.
Everyday
Groceries, gas, and dining out a few times a month ($24,000/yr)
+$479/yr
$479 rewards
Foodie
Heavy dining and delivery, lighter on travel ($26,000/yr)
+$486/yr
$486 rewards
Traveler
Several trips a year with flights and hotels ($28,000/yr)
+$391/yr
$391 rewards
Rewards by Category
Dining
3x
Grocery
3x
Gas
5x
Flights
1x
Hotels
1x
Other Travel
1x
Online Shopping
1x
Rideshare
1x
Streaming
3x
Amazon
1x
Costco
1x
Other
1x
Apple
1x
Cell Phone
1x
Fast Food
3x
Home Utilities
1x
Internet
3x
Walmart
1x
Point value: 0.9 cents per point
The Fine Print That Changes the Math
Earns 5x points on gas at the pump and EV charging (MCC 5542/5552); 3x at supermarkets, restaurants, fast food, and cable/satellite/pay-TV/streaming (MCC 5411/5812/5814/4899); 1x on everything else. No annual fee, no foreign transaction fee. Costco purchases earn 1x because they code as wholesale clubs (MCC 5300), not supermarkets. Points value at roughly 0.85 cents each for gift cards or travel, so the 5x gas multiplier translates to about 4.25% effective. Requires PenFed credit union membership (open to anyone via a $5 association donation if not eligible by employment or military service). Points expire 5 years after earned.
- No foreign transaction fees
Penfed Platinum Rewards Visa Signature FAQ
What is the Penfed Platinum Rewards Visa Signature annual fee?
The Penfed Platinum Rewards Visa Signature has no annual fee.
What is the Penfed Platinum Rewards Visa Signature signup bonus?
15,000 points for new cardholders meeting the minimum spend. Verified 2026-05-04. Check the issuer's site for the current offer.
What are the best spending categories for the Penfed Platinum Rewards Visa Signature?
5x on gas, 3x on dining, 3x on fast food. Everything else earns 1x.
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Sources & Verification
Card data last reviewed 2026-05-04.
Card details are for informational purposes only. Please verify current terms, rewards, and benefits on the issuer's website before applying. Links to issuers are direct; CardSavvy currently earns no commission from them.