PenFed Pathfinder Rewards Bonus

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50,000 points with PenFed Credit Union

Personal

Credit Card

State Restrictions

No

Start Date

2023-02-24

Expiration Date

-

Apply Online

Yes

APPLY FOR OFFER

Our Thoughts

Very good deal with a great credit union, especially considering you can get the $95 annual fee waived if you're part of the PenFed Honors Advantage Program.

How to know if you're part of the PenFed Honors Advantage Program:

1) Do you already have a Free Checking or Access America checking with $500+ daily balance?

2) if not, open a Free Checking account first and put $500 in there. Do NOT apply for the card until your funds have cleared your existing bank and are "Available" in PenFed. At the bare minimum, you should strongly consider waiting 1 day after opening the checking account to ensure you're marked as partaking in the PenFed Honors Advantage Program. 

If you apply before being part of PenFed Honors Advantage, you may be charged the $95 annual fee.

Consider calling PenFed directly and ask the agent to check your eligibility prior to applying if you are unsure. 

 

Also, note that while a minimum balance or direct deposit is not required to maintain a Free Checking account, the PenFed Honors Advantage Program requires that your account either receive $500+ in direct deposits OR maintain the $500 daily balance. This is slightly confusing as the PenFed Access America checking account has the same requirement.

Of course, you can get the Access America checking instead, but just note if you accidentally dip below that $500 daily balance, you'll be charged the $10 monthly fee. Unless you need to earn a super low APY on the $500, throwing $500 into the Free Checking is easier and slightly more worry free, since there's zero monthly fee.

Bonus Offer Details

Get 50,000 points when you spend $3k within 90 days. This is approximately $425 in value when redeemed.

Be sure to sign up for free electronic statements to avoid paying a $2.00 fee for mailed paper statements.

Accounts that are issued and approved will receive 50,000 bonus points upon spending $3000 in purchase transactions within 90 days of account opening. Each account is eligible for 1 bonus at account opening. Please allow 4 weeks after spending $3000 to receive the bonus.  Rewards are available only for new purchases made with the card: cash advances, checks drawn from the account, and balance transfers are excluded and do not earn credit toward rewards. Certain restrictions may apply. Visa® USA determines which transactions are classified as travel purchases based on Merchant Category Codes.

Your points will vary in value based on redemptions but will always be valued at a minimum of $0.0085. Some point redemptions will be worth up to $0.01. Plus, $100 annual domestic air ancillary travel statement credit, $100 global entry or $85 TSA pre-check statement credit, and complimentary priority pass airport lounge annual membership, a $99 value.

Your card account must be open and in good standing to earn rewards.

To qualify for the PenFed Honors Advantage Program you must:
1) be in an active military service status, a member of the Reserves or National Guard, an honorably discharged U.S. Military Veteran or retired from such service OR

2) the member must be the primary owner on both the credit card and checking accounts of any existing open PenFed product, excluding PenCheck Limited accounts, or open a new Access America Checking or Free Checking account with PenFed.

Members with a qualifying Free Checking account must also:

1) maintain a minimum $500 daily balance OR

2) set up monthly direct deposits of $500 or more in order to maintain Honors Advantage Eligibility.



While we aim to provide accurate information, it may not always be up-to-date, as PenFed Credit Union can change the terms of the Pathfinder Rewards bonus, or remove it entirely.

If the offer is no longer available, or has changed, we'd love to know!

You can read our Disclaimer here.