Available Nationwide
Details
- $100 bonus statement credit after spending $1,500 within the first 90 days.
- No annual fee.
- 1.5% cash back on all purchases (2% cash back for Honors Advantage* members).
- No foreign transaction fee.
- Cash back is automatically applied at the end of the statement period as a credit or direct deposit into a Penfed or linked bank account.
- 0% introductory balance transfer APR for 12 months (3% balance transfer fee).
*Earn and maintain Honors Advantage status with military service (active duty, reserve, honorably discharged, or retired) or with a checking account ($500 minimum daily balance or $500 monthly direct deposit).
Opinion
Strong general spending card despite a weak sign-up bonus. The Power Cash has no annual fee, foreign transaction fee, or minimum redemption. That being said, only Honors Advantage members get 2% back (everyone else gets 1.5%).