Is PenFed Gold Visa Card a cash back credit card? This question is about the PenFed Gold Visa® Card

Is PenFed Gold Visa Card a cash back credit card?

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This question is about the PenFed Gold Visa® Card

Chip Lupo, Credit Card Writer

@CLoop • 03/16/23 This answer was first published on 03/16/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, the PenFed Gold Visa® Card is not a cash back credit card. In fact, the PenFed Gold Visa Card is not a rewards card at all, so you won’t get anything back for making purchases.

There are plenty of other cash back credit cards to consider, though. You can start your search with WalletHub’s editors’ picks for the best cash back credit cards on the market. It’s good to compare multiple options before submitting an application, to ensure that you get the most bang for your buck.a

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How can I get a cash advance with my PenFed Gold Visa card?

You can get a cash advance with your PenFed Gold Visa by following these steps:

Call PenFed customer service at (800) 247-5626 and request a PIN, if you don’t already have one.
Insert the credit card at an ATM and enter the PIN.
Select the cash advance option on the ATM screen.
Enter the amount you’d like to withdraw.
Withdraw the cash and remove the credit card from the ATM.

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How do I get the PenFed Gold Visa Card sign-up bonus?

PenFed Gold Visa card does not have a sign-up bonus or any ongoing rewards. The main benefits of having the PenFed Gold Visa card are that it has a $0 annual fee and it offers travel accident insurance.

If you’re in the market for an initial bonus, you can compare the best credit card sign-up bonuses from other cards, picked by WalletHub’s editors. But keep in mind that rewards bonuses are just one of the many things to consider when deciding which credit card you should get.

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What is cash back?

Cash back is a benefit that gets you a discount for certain purchases. In the context of credit cards, cash back is a type of credit card rewards. You can earn cash back through signup bonuses for meeting certain spending requirements, or through ongoing rewards, as a percentage of the amount spent on qualifying purchases. Some credit cards also offer cash back anniversary bonuses in the form of statement credit for qualifying purchases.

Cash back credit...

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