PenFed · Visa · personal · PenFed Points
Review the linked sources below for offer details and eligibility.
Earning
| Gas stations
Gasoline paid at the pump (MCC 5542); fuel for airplanes and boats earns 1x.
|
5x | 5% |
| EV charging
Electric vehicle charging stations (MCC 5552).
|
5x | 5% |
| Groceries (supermarkets)
Supermarkets (MCC 5411), incl. military commissaries and 'most Target and Walmart locations'.
|
3x | 3% |
| Walmart
PenFed: supermarket bonus includes 'most Target and Walmart locations' — only Walmart stores that code as supermarkets (MCC 5411).
|
3x | 3% |
| Target
PenFed: supermarket bonus includes 'most Target and Walmart locations' — only Target stores that code as supermarkets (MCC 5411).
|
3x | 3% |
| Dining & restaurants
Restaurants (MCC 5812, 5814).
|
3x | 3% |
| Streaming services
'TV, radio, cable, and streaming services' (MCC 4899 cable/satellite/pay TV/radio); cable TV/internet bills coded 4899 qualify, cell phone bills do not.
|
3x | 3% |
| Everything else
Product page and rewards T&C say 1x; PenFed's compare page says 1.5x (apparent copy error).
|
1x | 1% |
Right column: value per $ at travel valuation (1¢/pt). ~0.85¢ cash, 1¢ travel/gift cards.
Credits
None.
Benefits
- No annual fee
- No foreign transaction fees
- Cell phone protection — Up to $500 per claim ($50 deductible), 2 claims / $1,000 per 12 months, when the monthly wireless bill is paid with the card.
- Purchase Security — 90 days, up to $500 per claim / $50,000 per cardholder (Visa Signature).
- Travel accident insurance — $250,000 common-carrier accidental death & dismemberment.
- Roadside Dispatch (pay-per-use)
- Visa Signature Concierge
- 0% intro APR on balance transfers for 12 months — Balance transfer fee applies; no intro purchase APR.
- PenFed membership required (open to anyone)
Protections
| purchase protection | Purchase Security: 90 days, up to $500 per claim / $50,000 per cardholder (Visa Signature) |
| rental car | none |
| cell phone | Up to $500 per claim ($50 deductible), 2 claims / $1,000 per 12 months, when the monthly wireless bill is paid with the card |
| roadside | Roadside Dispatch (pay-per-use) |
| travel accident | Up to $250,000 |
Notes
PenFed membership required (anyone can join with a $5 savings account). Rewards T&C (RWDTC_PLT 11/2025): 5 pts/$1 at MCC 5542/5552, 3 pts/$1 at MCC 5411/5812/5814/4899, 1 pt/$1 elsewhere; no caps. Points expire 5 years after being awarded; redeem for gift cards, travel or merchandise (no cash back). Visa Signature benefits apply only if the credit line is $5,000 or more; smaller lines get Visa Traditional benefits. Auto rental CDW is not listed in PenFed's Visa Signature Benefits Guide or on the product page. A new PenFed 'Defender' card with the same 5x/3x structure plus 3x sporting goods and military exchanges was announced for late 2026 (Doctor of Credit 2026-07-24). PenFed.org blocks automated fetches, so verification used Wayback Machine copies of the issuer pages. Web-verified 2026-09-08 against https://www.penfed.org/credit-cards/platinum-rewards-visa-signature (Wayback snapshots 2025-12-20 and 2026-05-12), the PenFed credit-cards hub (2026-06-15), the compare page (2026-07-19), the Platinum Rewards Program Rules PDF (11/2025) and the PenFed Visa Signature Benefits Guide.
Verified 2026-09-08 · confidence high · sources: 1, 2, 3, 4, 5, 6