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Great 2% cash back card, with $100 sign-up bonus

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New Contributor

Great 2% cash back card, with $100 sign-up bonus

I just logged in my Penfed account and saw an ad for a new Penfed credit card.

Basic Info: POWER CASH REWARDS VISA SIGNATURE CARD

  • Unlimited 1.5% cash back for all transactions. It's be 2% if you're a Penfed checking account holder, or a Military Service member.

  • Sign-up bonus: $100 for $1500 spending in first 3 months.

More details:

https://www.penfed.org/power-cash-rewards/

https://www.penfed.org/honors-advantage/

Join gardening since 05/09/2016
Message 1 of 5
4 REPLIES 4
Super Contributor

Re: Great 2% cash back card, with $100 sign-up bonus

If you already qualify for the 2 percent that's great but I wouldn't open a checking account just to qualify when other cards give 2 percent without the requirement. That said, a lot of people do like Penfed and this is a solid card.
Message 2 of 5
Valued Contributor

Re: Great 2% cash back card, with $100 sign-up bonus

Yes, this card has been discussed quite a bit here. Have you, or are you going to apply?


Message 3 of 5
New Contributor

Re: Great 2% cash back card, with $100 sign-up bonus

You can apply for the card and checking account at the same time with only one hard pull.

Join gardening since 05/09/2016
Message 4 of 5
New Contributor

Re: Great 2% cash back card, with $100 sign-up bonus


@hoxuantu wrote:

You can apply for the card and checking account at the same time with only one hard pull.


Don't forget the monthly fees they charge if you don't meet their minimum requirements

Dis 46k/Amex BCE 34.9k/CapOne Qs 17k/Chase Freedom 14.5k/Chase Slate 12K/PayPal MC 10k
Walmart MC 10k/ BOA cash rewards 13.7k/Citi Simpli 9K

Trans 782/Exp 786/Equ 784
Message 5 of 5
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