U.S. Army Warrant Officers Association Cash Back from Pentagon Federal Credit Union Review | CreditShout

U.S. Army Warrant Officers Association Cash Back from Pentagon Federal Credit Union Review

By Dan Rafter / February 28, 2011

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Verdict: The U.S. Army Warrant Officers Association Cash Back credit card from Pentagon Federal Credit Union is a rather exclusive card. As its name suggests, you’ll have to be a member of the U.S. Army Warrant Officers Association to apply for it. But if you happen to be a member of this association, this card might be a wise financial move: It comes with a generous cash-back program and, for a limited time, a low introductory interest rate on all balance transfers.

Overview: Pentagon Federal Credit Union specializes in providing credit cards for members of the U.S. Military. Most of them boast fairly low purchase interest rates. The U.S. Army Warrants Officers Association Cash Back card is no exception: Its purchase rate, while not the lowest CreditShout has seen, is still a solid one, especially for a credit card that comes with a strong rewards program.

How This Card Works: You’ll earn a greater amount of cash back whenever you use your card to fuel up at the gas pump. However, you’ll receive cash back for all purchases that you make with this card.

Travel and Shopping Benefits: You’ll earn a cash-back bonus of 5 percent for every dollar that you charge at the gas pump with this card. For all other purchases that you make with the card, you’ll earn 1 percent cash back. This cash will be credited to your account every month. Also, .25 percent of all your purchases will go toward providing financial support to the U.S. Army Warrant Officers Association.

Fees: The purchase interest rate attached to this card stands at 13.99 percent. That’s a solid rate for a card that offers a strong rewards program. The card also comes with an introductory interest rate of 2.99 percent for all balance transfers for the first 12 months after you activate it. There is no annual fee or cash-advance fee with this card. Late-payment and returned-payment fees can hit as high as $25.

Pros:

  • This card comes with no annual fee.
  • Generous, and multi-tiered, rewards program.
  • Reasonable purchase interest rate.
  • Purchases help support U.S. Army Warrant Officers Association.

Cons:

  • Exclusive card; must be a member of U.S. Army Warrant Officers Association.
  • Only gasoline purchases earn additional cash-back bonus.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone. Additionally, the opinions of the commenters are not necessarily the opinions of this site

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