Penfed Power Cash: $100 after Spending $1,500 and 2% Cash Back

Available Nationwide

Offer Link


  1. $100 bonus statement credit after spending $1,500 within the first 90 days.
  2. No annual fee.
  3. 1.5% cash back on all purchases (2% cash back for Honors Advantage* members).
  4. No foreign transaction fee.
  5. 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.
  6. 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).


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%).


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