What is the PenFed Power Cash Rewards card concierge benefit?

The starting credit limit for the PenFed Power Cash Rewards card is usually around $5,000 to start, according to customer service. However, some cardholders report limits as high as $25,000. PenFed Credit Union does not include any specific PenFed Power Cash Rewards credit limit information in the card’s terms, though.

More info about the PenFed Power Cash Rewards credit limits:… read full answer

For the most part, PenFed Power Cash Rewards credit limits depend on each applicant’s overall credit standing. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.

Keep in mind that you can ask to get a credit limit increase by calling the PenFed Credit Union customer service number you see on the back of your card, but it’s best not to do that more than once a year. PenFed Credit Union will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with PenFed Credit Union.

Yes, the PenFed Power Cash Rewards Card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their PenFed Power Cash Rewards Card statement balance in full every month, PenFed will not charge any interest.

Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining PenFed Power Cash Rewards Card balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months. … read full answer

It’s also important to note that grace periods do not apply to cash advances or balance transfers.

You can log in to your PenFed Power Cash Rewards Visa Signature® Card account by going to the login page on the PenFed website or mobile app and entering your username and password in the appropriate fields. Then, click the “Log In” to access your online account.

How to Register for Online Access on your PenFed Power Cash Rewards Credit Card Account… read full answer

1. Register your PenFed Power Cash Rewards credit card for online account access. Click “Setup your online account or get help signing in” and enter your phone number, date of birth, and Social Security number to verify your credit card account.
2. Choose your PenFed Power Cash Rewards card username and password. The username must be 6 to 16 characters, including special characters, but no spaces. The password must contain 8 to 16 characters and have at least one uppercase letter, one lowercase letter, one acceptable symbol, and one number. The password is case sensitive and may contain special characters.
3. Log in with your new PenFed Power Cash Rewards card credentials. From the login page on the PenFed website or mobile app for iOS and Android, fill out the Username and Password fields using your new credentials, and click “Log In” to access your account.

After you have signed up and logged in, you’ll be able to manage your PenFed Power Cash Rewards card account online. You can pay your credit card bill, see credit card statements, monitor account activity, and change account information such as passwords and automatic payments.

If you forget your login information, click “Setup your online account or get help signing in” on the PenFed login page. Then, just follow the prompts to reset or retrieve your username or password.