Cash Back card · PenFed
PenFed Power Cash Rewards
PenFed Power Cash Rewards is the flat-rate card: 2% cash back on everything, with no annual fee as of 2026. Annual fee: No annual fee (as of 2026).
Card facts
| Issuer | PenFed |
|---|---|
| Network | Visa |
| Type | Cash Back |
| Annual fee | No annual fee (as of 2026) |
| Rewards | 2% cash back on every purchase for members with a PenFed Honors Advantage account, and 1.5% cash back for other members. |
| Interest rate | Variable — the issuer's official page lists the current rate. |
Every fact above is taken from the sources listed below; anything no source states is left blank rather than guessed. Annual fees and rewards change — every figure on this page carries its year, and the issuer's official page is always the current one.
Rewards, in plain words
2% cash back on every purchase for members with a PenFed Honors Advantage account, and 1.5% cash back for other members.
Who it is built for
Built for credit union members who want a flat cash back rate.
Current details — visit the official PenFed Power Cash Rewards page. Annual fees, rewards and interest rates change; the issuer's own page is always the current one.
More cards from PenFed
Other cards from the same issuer in this library.
- PenFed Gold Visa · Balance Transfer · No annual fee (as of 2026)
- PenFed Pathfinder Rewards · Travel · $95 (as of 2026)
More Cash Back cards
American Express Everyday Card
2 points per dollar at US supermarkets (up to $6,000 in purchases a year), and 1 point per dollar on everything else.
Apple Card
3% Daily Cash back at Apple and select merchants, 2% Daily Cash back on purchases made with Apple Pay, and 1% Daily Cash back on purchases made with the physical card.
Bank of America Customized Cash Rewards
3% cash back in a category the holder chooses (up to $2,500 in combined purchases a quarter), 2% cash back at grocery stores and wholesale clubs, and 1% cash back on everything else.
Bank of America Unlimited Cash Rewards
1.5% cash back on every purchase, with no spending limit on the flat rate.
Frequently asked questions
What is the PenFed Power Cash Rewards?
PenFed Power Cash Rewards is the flat-rate card: 2% cash back on everything, with no annual fee as of 2026.
Does the PenFed Power Cash Rewards have an annual fee?
No — the card has no annual fee (No annual fee (as of 2026)).
What rewards does the PenFed Power Cash Rewards earn?
2% cash back on every purchase for members with a PenFed Honors Advantage account, and 1.5% cash back for other members.
Who issues the PenFed Power Cash Rewards?
The PenFed Power Cash Rewards is issued by PenFed and runs on the Visa network.
Sources
- https://www.penfed.org/credit-cards — Issuer's card list
- https://www.penfed.org/credit-cards/power-cash-rewards — Issuer's official card page
Page last updated 14 November 2026.