Ang PenFed Power Cash Rewards Signature Visa Credit Card Review
Ang PenFed Power Cash Rewards Signature Visa Credit Card Review
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While the Power Cash Rewards Visa Signature® Card* offers no perks, it offers military service, and a solid 2% cash back card for those with a PenFed checking account. While other flat-rate 2% cash back cards offer balance transfer options, few (if any) do not charge international transaction fees, for those looking to get great all-around cash back wherever they go , this card may be a viable option

Only those in the military (former or current) or eligible for a PenFed Access Honors Advantage America account will receive the full 2% flat cash back bonus. To qualify for PenFed’s Access Honors Advantage America, you must own and operate a PenFed checking account. However, unlike some other military-affiliated credit unions, membership is open to anyone.

Sa unang tingin

  • Walang taunang bayad
  • Welcome Bonus: Receive a $100 statement credit after spending $1,500 within the first 90 days of account opening.
  • Eligible people get 2% cash back on all purchases and 1.5% cash back on all other purchases.
  • The 12-month promotional rate for balance transfers is 0%, followed by a non-variable APR of 17.99%. Balance transfers have a 3% fee per transaction. 16.49% to 17.99% variable APR applies to purchases
  • Walang foreign transaction fees

Kabayaran

Makakuha ng mga reward

The PenFed Power Cash Rewards Signature Visa gives eligible individuals 2% cash back on all purchases and 1.5% cash back on all other purchases. Rewards do not expire as long as the account remains open.

The PenFed Power Cash Rewards Card also offers a welcome bonus: $100 in credit when you spend $1,500 within the first 90 days of account opening.

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I-redeem ang mga reward

PenFed allows cardholders to redeem rewards in the form of bank statements, deposits into PenFed bank accounts, or transfers to another financial institution.

Potensyal ng Gantimpala

To determine the rewards potential of the PenFed Power Cash Rewards Visa Signature Card, we need to consider the amount U.S. households are likely to spend on their credit cards each year. Eragoncred uses data from various government agencies to determine basic income and average spending for each category. 70% of wage-earning households bring in $107,908 per year, and our payout is based on that number.

The consultants estimated that the family had $32,072 in charges that could reasonably be charged to the credit card. Those who qualify for PenFed Honors Advantage status and receive 2% cash back will receive $641.44 a year in cash back. Those who only qualify for the 1.5% cash back will receive $481.08 per year.

0% introductory price

PenFed Power Cash Rewards Signature Visa offers a 0% promotional rate on balance transfers for 12 months, followed by a non-variable APR of 17.99%. Balance transfers have a 3% fee per transaction. A variable APR of 16.49% to 17.99% applies to purchases.

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Higit pang mga benepisyo ng card

  • $0 Fraud Liability: Cardholders are not responsible for unauthorized charges.
  • High-tech features: The card uses tap-to-pay and EMV chip technology and mobile wallet technology to provide the latest high-tech features.
  • Visa Signature Benefits: As a Visa Signature Card, you’ll get benefits including discounts on dining, shopping, sports, entertainment and access to Visa Signature Hotel Collection.

Ang ganda ng print

Gastos sa interes

Regular APR: 16.49% – 17.99% variable

Bumili ng panimulang APR: Hindi naaangkop

Balance Transfer Introductory APR: A 12-month balance transfer promotion rate of 0%, followed by a non-variable APR of 17.99%. Balance transfers have a 3% fee per transaction. 16.49% to 17.99% variable APR applies to purchases

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Gastos

  • Taunang bayad: $0
  • Transfer fee: 3%

Paano nakasalansan ang mga card

Power Cash Rewards Visa Signature® Card* and Citi® Double Cash Card

Assuming the cardholder qualifies for PenFed Honors Advantage status and thus earns the full 2% unlimited cash back reward, the Citi® Double Cash Card may be a similar option, offering 2% cash back on all purchases – upon purchase 1%, and another 1% as a percentage when paying. Double Cash also offers an introductory 0% APR on 18-month prepaid transfers. Thereafter, the standard variable APR based on credit is 16.24% – 26.24%. There is also an initial balance transfer fee of $5 or 3% of any transferred amount within the first 4 months of account opening, whichever is greater. After that, the fee is 5% of each transfer ($5 minimum)—6 months longer than the 12-month period offered on the PenFed Power Cash Rewards card.

The main advantage of PenFed Power Cash Rewards over Citi Double Cash is that there are no international transaction fees, so the choice between the two cards depends on international usage plans or the need for longer balance transfer terms.

Power Cash Rewards Visa Signature® Card* and PenFed Pathfinder® Rewards Visa Signature® Card*

For PenFed cardholders looking for a flexible rewards card rather than simple cash back, PenFed Pathfinder offers a travel rewards card that offers PenFed Honors Advantage members 4 points per dollar in all travel categories and 3 points per dollar in all travel categories for PenFed Honors Advantage members And 1.5 point members collect all other purchases. The price of the card is $95 *existing Honors Advantage members are exempt.

Like the Power Cash Rewards Card, the Pathfinder Rewards Card offers a 0% introductory rate on 12-month balance transfers, followed by a non-variable APR of 17.99%. Balance transfers have a 3% fee per transaction. A variable APR of 16.49% to 17.99% applies to purchases. Pathfinder Rewards also offers a welcome bonus: 50,000 bonus points after spending $3,000 in the first 90 days. With very different income structures, the choice between the two comes down to consumption habits.

Power Cash Rewards Visa Signature® Card* and Wells Fargo Active Cash® Card

Few cards offer unlimited 2% cash back on spending with useful perks and perks, but the Wells Fargo Active Cash® Card offers cell phone protection. Like Power Cash Rewards, Active Cash has a lower introductory APR, but unlike the Power Cash Rewards card, Active Cash has an introductory APR of 0% for 15 months, starting with account opening purchases and qualifying balance transfers, then 17 months. 24%, 22.24% or 27.24% variable APR. Balance transfers made within 120 days are eligible for the introductory rate and 3% fee, followed by up to 5% fee with a $5 minimum.

Few cards offer unlimited 2% cash back on spending with useful perks and perks, but the Wells Fargo Active Cash® Card offers cell phone protection. Like Power Cash Rewards, Active Cash has a lower introductory APR, but unlike the Power Cash Rewards card, Active Cash has an introductory APR of 0% for 15 months, starting with account opening purchases and qualifying balance transfers, then 17 months. 24%, 22.24% or 27.24% variable APR. Balance transfers made within 120 days are eligible for the introductory rate and 3% fee, followed by up to 5% fee with a $5 minimum.

Tama ba sa iyo ang card na ito?

For those with a bank account with PenFed, or for military members who can take advantage of the added benefits of a PenFed Honors Advantage membership to which they are eligible, Power Cash Rewards is a solid cash-back card that competes with many other 2% Cash-back card with no foreign currency transaction fees. We recommend it to those who qualify for 2% full cash back and want an easy-to-use rewards card without the hassle of bonus tiers and quarterly caps or annual and overseas transaction fees.

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