PenFed Platinum Rewards Visa Signature
By Alex Compton · Last verified
5x gas and 3x groceries including Walmart and Target, for zero annual fee.
Welcome Bonus
Under review
Current claim suppressed
Spend Requirement
Under review
Annual Fee
Under review
Last recorded terms remain in the history below
Credit Score
700+
(Good-Excellent)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-06 | 15,000 | $1,500 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2023-01 | 15,000 | $1,500 in 3 mo | Earliest record | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Source checked 2026-06-11 · spot an outdated offer? Report a correction above.
Last Recorded Earning Rates
These terms are historical context and are not presented as current.
- 5xGas at the pump and EV charging
- 3xSupermarkets including most Walmart and Target locations
- 3xRestaurants
- 3xTV, radio, cable and streaming
- 1xEverything else
Last Recorded Credits
No statement credits, this card wins on earn rates, not coupons.
Last Recorded Benefits
Confirm availability and enrollment requirements with the issuer.
- ✦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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