PenFed's flat-rate cash back Visa Signature card requires a lot for non-Honors Advantage Members to raise the 1.5% base rewards rate to 2%. Current/former military (active duty, reserve, honorably discharged, retired), however, automatically earn the higher rate. thumb_up Likes 2% unlimited cash back for PenFed Honors Advantage membersBlissfully uncomplicated rewards structureNo annual, foreign transaction or cash advance fees0% intro APR on balance transfersVariable APR is cappedVisa Signature Card benefits included thumb_down Dislikes PenFed membership required to apply2% only applies to active/former military and PenFed checking customers1.5% cash back rate for non-Honors Advantage cardholdersNo introductory APR on purchases Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months) Gas 1.50% - - - Travel 1.50% - - - Dining 1.50% - - - Entertainment 1.50% - - - Pharmacy 1.50% - - - Groceries 1.50% - - - Other Purchases 1.50% - - -