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Applying for the PenFed Platinum Rewards Visa Signature® Card: learn how!

If you need a card with great perks for drivers and discounts on gas and EV stations, read on to learn how to apply for the PenFed Platinum Rewards Visa Signature® Card!

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by Thais Daou

Published on 11/03/2022

PenFed Platinum Rewards Visa Signature® Card: apply and earn up to 5X points!

PenFed logo
Learn how to apply for the PenFed Platinum Rewards Visa Signature® Card! Source: PenFed

Now that you have concluded that the PenFed Platinum Rewards Visa Signature® Card might be right for you find some useful information below.

card

Credit Card

PenFed Platinum Rewards

no annual fee 0% intro APR

High rewards and welcome bonus.

See an ad to be redirected to another website

To submit an application, you must first become a PenFed member. So, keep this in mind. It is not up for discussion.

Yes. Simply put, you need to be a Pentagon Federal Credit Union member to use its financial services.

But have no fear. Because anyone can sign up. You can apply for a PenFed Platinum Rewards Visa Signature® Card if you are willing to go through some extra hoops.

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Apply online

Applying for the PenFed Platinum Rewards Visa Signature® Card is easy. Source: Adobe Stock

Your current relationship with PenFed will determine the application process for obtaining financial products offered by PenFed, as mentioned above.

This means that even if you are not a current member, you will have no trouble becoming one shortly. However, membership applications must be submitted before any credit card applications can be processed.

As a result, non-members who are interested in this rewards-filled credit card must first submit an application and deposit $5 into a PenFed savings account.

Afterward, they will initiate membership during the application process.

If you are a member, the application process will move much more quicker for you. This is because they pre-complete certain fields in your application for you.

Those who are already members can do so simply by signing into their accounts at PenFed.org. It’s a breeze, and you can do it whenever and wherever you like.

Accounts can be opened for minor children of PenFed members by adding them as members in their own right.

They can open a checking account in addition to their regular share account. To open a checking account, you must first fill out an application.

The child must be under the age of 16 and have a parent or legal guardian listed as a co-owner. Simply complete the Membership Application’s joint section to accomplish this.

Apply using the app

There is a lack of detail concerning potential alternative uses. In the case of memberships and credit card payments, no.

However, they will have no problems using their credit cards with a digital wallet. You can simply add your credit card information to your electronic wallet.

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PenFed Platinum Rewards Visa Signature® vs. Bank of America® Unlimited Cash Rewards

Below is a comparison of two reward credit cards. Notice that, although both have no annual fee and demand good credit histories, the rewards and welcoming bonuses differ slightly.

PenFed Platinum Rewards Visa Signature®

  • Credit Score: Good/excellent;
  • Annual Fee: $0;
  • Regular APR: 16.49%–17.99% variable APR for purchases; 0% intro APR for balance transfers for 12 months. After that, 17.99% fixed;
  • Welcome bonus: 15,000 points after $1,500 on purchases during the first three months;
  • Rewards: 5x points on the gas you pay at the pump and EV charging; 3x points at the supermarket, restaurants, and TV, radio, cable, and streaming services; and 1x points on any other purchase.
  • Terms apply.

Bank of America® Unlimited Cash Rewards

  • Credit Score: Good/excellent;
  • Annual Fee: $0;
  • Regular APR: 16.99% to 26.99% variable APR or purchases and balance transfers; and a 0% intro APR for 18 billing cycles;
  • Welcome bonus: $200 after $1,000 on purchases during the first three months;
  • Rewards: 1.5% unlimited cashback on all purchases.
  • Terms apply.

If you think the Bank of America® Unlimited Cash Rewards card is the best option for your finances, check out our post below to learn about the application process!

Apply for Bank of America® Unlimited Cash Rewards

This robust rewards credit card has one of the most powerful cash back programs on the market. We’re going to show you how to get yours. Read on to learn how to apply!

About the author

Thais Daou

Thais Daou holds an undergraduate degree in Languages — Translating and Interpreting from São Judas Tadeu University. She has been translating, proofreading, and transcribing financial documents, as well as other fields, for five years. And now, she begins a new chapter in her career, writing about financial solutions in a simplified way, with a desire to spread this knowledge.

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