PenFed Credit Union, one of the nation's largest federal credit unions,  announced the launch of its PenFed Defender Rewards™ Visa Signature® Card. The card recognizes and rewards military members with exclusive benefits like 3X points at military commissaries and exchange stores, while also providing great benefits through bonus earnings on high-spend categories.

"Since 1935, PenFed has been proud to serve those who serve and to provide financial products that reflect the unique needs of the military community," said PenFed Executive Vice President of Consumer Banking & Growth Ricardo Chamorro. "Defender Rewards™ builds on that longstanding commitment by rewarding members for purchases tied to military life, including spending at commissaries and exchange stores, while also offering valuable rewards on everyday purchases."

Members who spend $1,500 in the first 90 days also receive 15,000 bonus points and cardholders have the option to choose between two new card designs inspired by imagery that represents military affiliation.

Additional features and benefits of the PenFed Defender Rewards™ Visa Signature® Card include:

• 5X points on gas at the pump and EV charging
• 3X points at supermarkets, restaurants and streaming services
• 3X points at sporting goods stores
• 1X points on all other purchases
• Annual Fee: $0
• No foreign transaction fees