PenFed Power Cash Rewards® Visa Signature® Card: annual fee, APR and rewards

Fact sheet for the PenFed Power Cash Rewards® Visa Signature® Card, issued by PenFed, with no annual fee, an intro APR offer and cash back. Every detail below comes from the issuer’s pricing and terms pages, checked on the date shown at the end of the page.

Issuer	PenFed
Network	Visa
Annual fee	$0
Rewards	Cashback: 1.5% cash rewards on net new qualified purchases; 2% if you qualify for the PenFed Honors Advantage program (military, or a PenFed checking account).
Purchase APR	17.99% when you open your account based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.
Intro APR	0% introductory APR for 12 months on balance transfers made in the first 60 days after account opening. After that, the APR for the unpaid balance will be a standard non-variable rate of 17.99%.
Balance transfer fee	3% per transaction
Sign-up bonus	Accounts that are issued and approved will receive a $100 statement credit upon spending $1500 in purchase transactions within 90 days of account opening.
Foreign transaction fee	None
Credit level	Excellent, Good

What new cardholders actually got

In the CFPB's Terms of Credit Card Plans survey for July to December 2025, new accounts on this card got a median purchase APR of 17.99%. The advertised range above is what the issuer offers today; the survey shows where approved applicants landed.

Source: Consumer Financial Protection Bureau, Terms of Credit Card Plans survey.