How to Apply for the PenFed Platinum Cash Rewards Visa Card

The PenFed Platinum Cash Rewards Visa Card is one of the many cards available from the PenFed Credit Union, one which has great interest rates and a cash back rewards program. The standard card that will be issued grants users 3% cash back when purchasing fuel and comes with a $0 annual fee for the first year ($25 for each subsequent year). Depending on your creditworthiness, you can apply for the “Plus” edition of this card which has an upgraded cash back program which provides 5% cash back and has no annual fee or foreign transaction fee. Your APR on purchases and cash advances will be between 10.24% and 17.99% regardless of whether you are eligible for the Plus card or not (APR is subject to change). You can also earn $100 in bonus statement credit if you spend $1,500 within the first 90 days. If any of these features appeal to you, continue scrolling down to review our tutorial on the application procedure.

Take a moment to review the PenFed privacy policy to get a full understanding of how your personal information will be used.


The following requirements must be met in order for you to be eligible for this credit card:

  • You are at least 18 years of age
  • You have a valid SSN

How to Apply

Step 1- Start by clicking here to access the PenFed Platinum Cash Rewards Visa Card application page. There you will need to click on the green Apply Now tab to proceed.


Step 2- Select Yes or No to specify whether or not you’re applying with a joint applicant. Once specified, click Join Now to proceed.


Step 3- The first bit of information that PenFed requires of you is your First Name, Last Name, Birth Date, Email Address, and your Phone Number. Click Continue once everything has been entered.


Step 4- Now you’ll need to supply some details regarding your home address and mortgage/rent payment. The exact information that’s required is as follows:

  • Street address
  • Apt/Unit/Suite
  • Zip
  • City
  • State
  • Country
  • Residence status
  • Monthly mortgage or rent payment
  • Years at your home address
  • Months at your home address


Step 5- Here you will need to provide some additional information, though this time you will be supplying your employment details. The following data will be required:

  • Employment status
  • Years employed
  • Months employed
  • Employer/business name
  • Employer/business address (street, zip, city, state, country)
  • Gross monthly income
  • SSN


Step 6- Select Yes if you receive any additional income other than what was described above. If yes, supply the Other Monthly Income, the Source of Other Income, and your Total Monthly Accessible Income.


Step 7- Read over the terms provided in both the Credit Report Authorization and Credit Card Account Authorization windows. We also recommend that you review the credit summary for the Standard Card as well as that of the Plus Card. If you are in compliance with PenFed’s conditions, check each of the I Agree boxes before proceeding.


Step 8- By clicking Continue, you will officially be submitting your application in for reviewal. Once this step and all of the above steps have been completed, you will have successfully completed the application process. You can expect to receive confirmation shortly via email.



Thank you for letting us guide you through the application procedure. We hope our instructions made the process relatively painless. Good luck and take care!