Drivers who don't shop a warehouse club and want the highest consistent gas reward available on a no-annual-fee card — 5 points per $1 at any gas station, plus 3 points per $1 at supermarkets. PenFed membership is open to everyone; you just join at penfed.org before applying.

Not for

People whose spend is mostly outside gas and groceries — the base rate is only 1 point per $1 — and anyone who won't engage with the rewards portal to redeem points well.

The catch

5x on gas at any station (not just a specific brand) is the standout, but points are worth the most through PenFed's travel/gift-card redemptions, and the low 1x base rate means this is a category card, not an everyday earner. The card also carries no 0% intro APR — its 12-month 0% offer applies to balance transfers only, not new purchases.

Card facts

Sourced from the issuer's published Schumer Box and terms — confirm current numbers at the issuer.

Product specs

Annual fee: $0
Intro APR: 0% intro APR for 12 months on balance transfers made within the first 60 days (not offered on purchases)
Ongoing APR: 17.99% variable
Foreign transaction fee: None
Balance transfer fee: 3%
Schumer Box sourced: August 17, 2026

How we scored this card

See our published methodology — 5 dimensions, 0–20 each, 100-point total.

Effective rewards rate16 / 20

Fee structure18 / 20

Audience fit16 / 20

Transparency and trust15 / 20

The weakness, named16 / 20

Total81 / 100 · Solid pick

Card alerts

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Frequently asked

Does the PenFed Platinum Rewards Visa Signature charge an annual fee?

No. The PenFed Platinum Rewards Visa Signature carries a $0 annual fee, sourced from the issuer's published Schumer Box as of August 17, 2026. Rates change — confirm the current terms at the issuer.

What APR does the PenFed Platinum Rewards Visa Signature charge?

17.99% variable. There is also an intro rate: 0% intro APR for 12 months on balance transfers made within the first 60 days (not offered on purchases). APRs are variable and set by the issuer — confirm the current range on the issuer's Schumer Box before you commit.

Does the PenFed Platinum Rewards Visa Signature charge foreign transaction fees?

No. The PenFed Platinum Rewards Visa Signature has no foreign transaction fee, so it works cleanly for purchases abroad.

Who is the PenFed Platinum Rewards Visa Signature best for?

Who should skip the PenFed Platinum Rewards Visa Signature?

People whose spend is mostly outside gas and groceries — the base rate is only 1 point per $1 — and anyone who won't engage with the rewards portal to redeem points well.

How did ClearValue score the PenFed Platinum Rewards Visa Signature?

PenFed Platinum Rewards Visa Signature scored 81/100 — "Solid pick". We score every card across five dimensions (effective rewards, fee structure, audience fit, transparency, and the weakness named), 0–20 each. Scores are never influenced by commission. See our methodology for the full rubric.

Alternatives to the PenFed Platinum Rewards Visa Signature

Other gas cards we've scored, ranked by our methodology.

This review carries no partner link and earns nothing from what you read here — our scoring is never influenced by compensation, and reflects only our published rubric. When you use our match tool, we may be paid by a partner (CardRatings) if you continue with a card from there. See our methodology and disclosure.

PenFed Platinum Rewards Visa Signature81/100 · Solid pick

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