The PenFed Power Cash Rewards Visa Signature card has no annual fee and earns 2% cash back if you are a PenFed Honors Advantage Member, which you qualify for if:
- You are a member of the miltary (active duty, reserve, honorably discharged, or retired) OR
- Have a PenFed checking account
If you are not a PenFed Honors AAdvantage Member, the cash back drops to 1.5% cash back.
- $100 Bonus After Spending $1,500 in the First 90 Days
- 2% Cash Back on All Purchases for PenFed Honors Advantage Members
- 1.5% Back on All Purchases for non-Honors members
- No Annual Fee
Power Cash Card Benefits
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.

Visa Signature Benefits
This card also comes with Visa Signature benefits, which include:
Shipt– You can get groceries, household essentials, and other items delivery as soon as one hour with a free Shipt membership, which includes free same-day delivery on orders $35+.
Silvercar Discount– Visa Signature cardholders receive a 10% to 15% discount on car rentals with Silvercar, which rents only Audi vehicles.
Discounts at Avis and Budget– Book your next road trip with your Visa Signature card to receive up to 25% off base rates on qualifying rentals from Avis and Budget. Your card can also unlock complimentary upgrades (when available), waived Additional Driver Fee and 10% saving on XM Satellite radio during rental.
Sonoma County Wine Benefits– Visa Signature cardholders enjoy special benefits at more than 50 wineries including BOGO wine tasting, savings on wine purchases in tasting room, preferred pricing on non-wine purchases over $50, and $1 Ground Shipping on the purchase of 3 or more bottles.
Emergency Card Replacement– Visa can work with your bank to expedite the replacement of your card and ship it globally within 24 to 72 hours.
Emergency Cash Disbursement– In case of emergency, Visa can arrange a wire cash transfer to your local Western Union within 2 hours of approval from your bank.
NortonLifeLock: ID Navigator Powered by NortonLifeLock provides you with the tools to help keep you informed of potential threats to your identity so you can act quickly.
Skillshare Discount– Get a free three months access to thousands of courses with a Skillshare membership plus 20% off an annual membership.
Troon Golf Rewards– Your Visa Signature card entitles you to automatic Silver Status when you sign up for Troon Rewards, for 10% saving on golf fees, merchandise and lessons at over 150 golf courses across the United States and world.
Sofar Sounds– Cardholders receive unlimited access to the exclusive 7 day advance presale window for select Sofar shows, and one FREE ticket per show with purchase of one or more tickets.
Alternatives to the Power Cash Card
Chase Freedom Unlimited
The Chase Freedom Unlimited® is a good no-annual fee credit card option that offers 5% cash back on travel booked through Chase Ultimate Rewards, 3% cash back at restaurants, takeout, eligible delivery services, and on drugstore purchases. Plus it offers 1.5% cash back on all other eligible purchases.
The card also offers nice benefits such as purchase protection, extended warranty, trip cancellation/interruption insurance, and secondary rental car insurance.
Chase Freedom Flex
- Earn $200 Bonus Cash Back After Spending $500 in the First 3 Months
- 5% Cash Back in Quarterly Bonus Categories (up to $1,500 in combined spending after activation)
- 5% Cash Back on Travel Purchased Via Chase
- 3% Cash Back at Restaurants, Eligible Food Delivery, and Drug Stores
- Cell Phone Insurance and Purchase Protection
- No Annual Fee
The Chase Freedom Flex℠ is a great no-annual fee card that earns 5% cash back in quarterly categories (up to $1,500 in combined spending) and on travel purchased via Chase Ultimate Rewards.
The Freedom Flex also earns 3% cash back at restaurants, eligible food delivery, and drug stores.
The card also comes with nice benefits such as cell phone insurance, extended warranty, purchase protection, secondary rental car insurance, and trip cancellation/interruption insurance.
Bilt Rewards
- Pay Rent Without Fees and Earn 1 Point Per Dollar on Rent (up to 50,000 Points Per Calendar Year)
- No Annual Fee
- 3x Points on Dining
- 2x Points on Travel
- Transfer Rewards to Airlines and Hotels
- Cell Phone, Primary Rental Car, and Trip Delay Insurance
Bilt Mastercard® is a no-annual-fee credit card that allows you to pay rent without a transaction fee and earn 1 point per dollar on rent (up to 50,000 points per calendar year).
You also earn 3x points on dining, 2x points on travel, and 1x points everywhere else.
The Bilt Rewards card also has great benefits for a no-annual fee card, including cell phone insurance, primary rental car insurance, 90-day purchase protection, trip delay insurance, trip cancellation insurance, and no foreign transaction fees.
Plus, you can transfer your points to airline and hotel partners such as United Airlines, American Airlines, and World of Hyatt. Or redeem the points for travel or at Amazon.