PenFed Pathfinder Rewards
$95 annual fee · $100/yr in printed statement credits · 1.5x on everything else · no foreign transaction fees
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Travel | 3x | uncapped |
| Everything else | 1.5x | uncapped |
See how it ranks: best travel cards.
Statement credits — $100/yr on paper · how we got this
| Credit | Value | How it pays |
|---|---|---|
| $100 annual air travel incidental credit | $100/year | annual |
Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.
Non-cash perks
- Membership required (PenFed: open to anyone who joins the credit union)
- $95 annual fee waived for PenFed Honors Advantage members (military service or PenFed Access America checking)
- Global Entry or TSA PreCheck application fee credit
- No foreign transaction fees
Does the fee earn out? · how we got this
The printed statement credits ($100/yr) cover the $95 fee on paper — if you'd spend that way anyway. Credits you have to remember, enroll in, or change behavior for are worth less than face value. Our app tracks each one against your actual charges.
Is this $95 fee worth it? See the break-even math →
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Comparing cards in the same currency? See the best cards that earn PenFed points →
More from PenFed
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-09-02 against issuer terms · sources: www.penfed.org. Spot an error? Tell us.