The PenFed Platinum’s initial bonus is $100 for purchases of at least $1,500 in the first 90 days 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 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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.