The PenFed Power Cash Rewards Visa Signature® Card offers a straightforward $100 welcome bonus after meeting its minimum spend requirement, with the added benefit of a $0 annual fee. This card is a solid option for individuals with good credit seeking a simple cash back reward without ongoing costs. As of June 2026, its eligibility is generally based on creditworthiness, and it is not subject to common issuer-specific application rules like Chase's 5/24, making it accessible for many churners. This page details the current offer, eligibility, and whether it fits your credit card strategy.
Current welcome bonus & value
The PenFed Power Cash Rewards Visa Signature® Card currently offers a $100 welcome bonus. This bonus is valued at $100 USD, providing a direct cash incentive for new cardholders.
As of June 2026, offers are subject to change.
Minimum spend to earn it
To earn the $100 welcome bonus, you must spend $1,500 on eligible purchases within 90 days of account opening. This spend requirement is relatively achievable for many applicants within the specified timeframe.
Who's eligible
To be eligible for the PenFed Power Cash Rewards Visa Signature® Card, you generally need a good credit score. PenFed does not publicly disclose specific application rules akin to Chase's 5/24 rule or once-per-lifetime bonus restrictions. This means the card is typically not subject to these common churning limitations, potentially making it easier to acquire for those who have opened multiple cards recently.
Is it worth it?
The PenFed Power Cash Rewards Visa Signature® Card can be a worthwhile addition for specific churning strategies, particularly for those seeking a no-frills cash bonus.
Pros:
- $100 Welcome Bonus: A direct cash incentive.
- $0 Annual Fee: No ongoing cost to keep the card open, making it easy to hold long-term to benefit your credit history.
- No Foreign Transaction Fee: Ideal for international travel or online purchases from foreign merchants.
- Not Subject to Chase 5/24: Offers an avenue for bonuses even if you're over Chase's application limit.
Cons:
- Modest Bonus: The $100 bonus is smaller compared to premium travel cards or those with higher spend requirements.
- No Stated Category Multipliers: The card facts do not specify bonus categories, suggesting a general earning rate.
How to apply
To apply for the PenFed Power Cash Rewards Visa Signature® Card, visit the official PenFed website. You will typically need to provide personal information, including your Social Security Number, income details, and housing information. Membership with PenFed Credit Union is required to apply for their credit cards.
Alternatives
If the PenFed Power Cash Rewards Visa Signature® Card doesn't perfectly align with your strategy, consider these related cards from PenFed and its partners:
Frequently asked questions
- Is the PenFed Power Cash Rewards Visa Signature® Card subject to Chase 5/24?
- No, the PenFed Power Cash Rewards Visa Signature® Card is not subject to Chase's 5/24 rule. PenFed does not have similar publicly disclosed application restrictions.
- What credit score do I need for the PenFed Power Cash Rewards Visa Signature® Card?
- You generally need a good credit score to be approved for the PenFed Power Cash Rewards Visa Signature® Card.
- Can I get the PenFed Power Cash Rewards Visa Signature® Card bonus twice?
- PenFed does not publicly disclose specific rules regarding earning welcome bonuses multiple times. Generally, most issuers have policies limiting repeat bonuses, but you would need to check PenFed's specific terms at the time of application.
- Does the PenFed Power Cash Rewards Visa Signature® Card have an annual fee?
- No, the PenFed Power Cash Rewards Visa Signature® Card has a $0 annual fee.
- What is the welcome bonus for the PenFed Power Cash Rewards Visa Signature® Card?
- The current welcome bonus for the PenFed Power Cash Rewards Visa Signature® Card is $100 after meeting the minimum spend requirement.
- Does the PenFed Power Cash Rewards Visa Signature® Card have foreign transaction fees?
- No, the PenFed Power Cash Rewards Visa Signature® Card does not charge foreign transaction fees.
- What is the minimum spend to earn the bonus on the PenFed Power Cash Rewards Visa Signature® Card?
- You need to spend $1,500 within 90 days of account opening to earn the $100 welcome bonus.
Offers change frequently and may not be available to all applicants. Information is provided for research; verify terms on the issuer's site before applying. Chuuurning may not be compensated by issuers.