The PenFed Platinum’s initial bonus is 15,000 points for purchases of at least $1,500 in the first 3 months of account opening. As for ongoing rewards, you can earn 1 - 5 points per $1, depending on your spending category.
The Alliant Cashback Visa doesn’t offer an initial bonus, but comes with a steady 2.5% cash back, without categories to track.
Both cards offer 0% foreign transaction fees. And although the Platinum Rewards has a $0 annual fee, the Alliant Cashback Visa comes with an annual fee of $0 intro 1st yr, $99 after.
Keep in mind, though, that you must have excellent credit to qualify for these cards. And whichever card you choose to apply for, you must have a membership first to be able to do so.
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