# PenFed Power Cash Rewards: $100 bonus

Canonical: https://dealaka.com/offers/penfed-power-cash-rewards

- Status: Limited reports
- Bonus: $100
- Requirement: $1,500 in purchases within 90 days of account opening
- Expires: no published end date
- Availability: Nationwide
- Institution: Penfed
- Verified: Jul 19, 2026 against penfed.org
- Field reports: 0

## Summary
PenFed's Power Cash Rewards card gives a $100 statement credit if you spend $1,500 on purchases within the first 90 days of opening the account. The credit shows up about 4 weeks after you hit the spending threshold.

## Requirements
1. Apply for the PenFed Power Cash Rewards Visa Signature card.
2. Use the card to make at least $1,500 in purchase transactions within 90 days of account opening.
3. Wait up to 4 weeks after reaching the spend threshold to receive the credit.
4. Keep the account open and in good standing to qualify.

## Fine print that matters
- Cash advances, cash-like transactions, credit card checks, balance transfers, and account fees do not count toward the spending requirement.
- Each account is eligible for only one $100 statement credit.
- Allow 4 weeks after spending $1,500 to receive the statement credit.
- Card has no annual fee and no foreign transaction fees.

## Sources
- penfed.org offer page <https://www.penfed.org/credit-cards> (checked Jul 19, 2026)

_This entry is reference information, not financial advice. Confirm current terms on the institution's site before you apply._