VisaPenFed Platinum Rewards Visa Signature
5x gas and 3x groceries including Walmart and Target, for zero annual fee.
Welcome Bonus
15,000
≈$128 value
Spend Requirement
$1,500
in 3 months
Annual Fee
$0
No FTF
Credit Score
700+
(Good-Excellent)
Current offer note: Spend within 90 days of opening
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-11 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 5xGas at the pump and EV charging
- 3xSupermarkets including most Walmart and Target locations
- 3xRestaurants
- 3xTV, radio, cable and streaming
- 1xEverything else
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦No foreign transaction fee
- ✦Membership open to anyone via a $5 savings account
- ✦Walmart and Target code as supermarkets, a rare win
Why it earns its spot
- +5x gas is the top earn rate in the country
- +3x groceries that includes superstores is almost unheard of
- +All for no annual fee
Where it costs you
- −Points are worth about 0.85 cents, mostly gift cards and travel
- −No clean cash-out kneecaps the headline rates
- −PenFed underwriting is conservative
The Compound Verdict
On paper this is the best gas and grocery card in America, and the Walmart and Target inclusion is genuinely unique. The catch is the redemption side: at 0.85 cents per point your 5x is really about 4.25%, still excellent, just read the fine print before anchoring on the multipliers.
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