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Alliant Cashback Visa® Signature Card vs PenFed Power Cash Rewards Visa Signature®: Which Earns More?

Melvyn Kim
Founder & Editor · Published July 29, 2026
B.A. Economics

The verdict

On typical spending the Alliant Cashback Visa® Signature Card nets $720 a year after fees, $144 more than the PenFed Power Cash Rewards Visa Signature® at $576. The Alliant Cashback Visa® Signature Card stays ahead at every spending level we model.

Who earns more, by the numbers

Spending levelAlliant Cashback Visa® Signature CardPenFed Power Cash Rewards Visa Signature®Winner
Light spender ($1,200/mo)$360/yr$288/yrAlliant Cashback Visa® Signature Card
Typical spender ($2,400/mo)$720/yr$576/yrAlliant Cashback Visa® Signature Card
Heavy spender ($4,500/mo)$1,350/yr$1,080/yrAlliant Cashback Visa® Signature Card

Net of annual fees, typical category mix at baseline point values. The same card wins at every spending level here.

Alliant Cashback Visa® Signature Card

Alliant

3.5/5
Annual Fee:$0
APR:11.24%-23.24% variable
Welcome Bonus: No traditional welcome bonus
Rewards: Unlimited 2.5% cash back on every purchase
EARNS MORE ON TYPICAL SPEND

PenFed Power Cash Rewards Visa Signature®

Penfed

3.4/5
Annual Fee:$0
APR:14.65%-17.99% variable
Welcome Bonus: Earn $200 cash back after spending $1,500 in the first 3 months
Rewards: Unlimited 2% cash back on all purchases

The tables above are computed from each card's typed rewards rates and current
fees, on the same spending profiles used across the site. Editorial context to
follow.

FAQ

Which is better, the Alliant Cashback Visa® Signature Card or the PenFed Power Cash Rewards Visa Signature®?
On typical spending the Alliant Cashback Visa® Signature Card nets $720 a year after fees, $144 more than the PenFed Power Cash Rewards Visa Signature® at $576. The Alliant Cashback Visa® Signature Card stays ahead at every spending level we model.