PenFed Platinum Rewards Visa Pays 5x on Gas, 3x on Groceries with No Annual Fee

Overview of the PenFed Platinum Rewards Visa

The PenFed Platinum Rewards Visa is a high-value rewards card tailored for drivers and grocery shoppers in the United States. With 5x on gas, 3x on groceries and no annual fee, this card is built to boost everyday savings without added cost.

As a Visa Signature card, PenFed Platinum Rewards Visa also brings travel protections and concierge perks that compete with mainstream bank cards. For Americans who put miles on their cars and regularly stock the pantry, this card stacks meaningful points fast.

Rewards structure and everyday value

This card awards 5x points per dollar spent on gas and EV charging, and 3x points at supermarkets, which includes many big-box grocers. All other purchases earn 1x, so your routine spending quickly converts into travel, gift cards or merchandise redemptions.

Because there is no annual fee, the rewards rate translates into pure upside for budget-conscious households. PenFed Platinum Rewards Visa optimizes spend where most people spend the most, making it one of the better gas rewards credit cards for U.S. drivers.

Membership, perks and balance transfers

To apply you must join PenFed Credit Union, a straightforward step that requires a small savings deposit to establish membership. That extra step is often worth it for the strong rewards and the 0% APR introductory offer on balance transfers for 12 months.

Cardholders also get Visa Signature benefits like rental car collision coverage, travel accident insurance and concierge services. Keep in mind points can’t be redeemed directly for cash, so plan redemptions around travel or gift card promotions to maximize value.

How to maximize rewards and who should apply

To get the most from PenFed Platinum Rewards Visa, concentrate fuel and supermarket purchases on the card and redeem points for travel when possible, where points often deliver the best cent-per-point value. Monitor seasonal gift card deals and travel redemptions to stretch each point further.

If you drive frequently, have regular grocery spend and want top-tier gas rewards without an annual fee, this PenFed Platinum Rewards Visa is a smart match. Ready to save on fuel and groceries? Join PenFed, apply for the card and start earning 5x on gas and 3x on groceries today.