- Intro Offer
-
50,000 points 50,000 Bonus Points when you spend $3000 in the first 90 days
- Annual fee
- $95 *Waived for existing Honors Advantage Members
- APR
- 17.99% Variable
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
-
670 – 850
Good – Excellent
- Rewards rate
-
1.5x – 4x 4X Points on all Travel categories for PenFed Honors Advantage Members; 3X Points on all Travel categories; 1.5X Points on all other purchases
If you’re looking for a top travel credit card, you’re probably comparing big names like Chase, Amex and Capital One -- but you may want to add PenFed Credit Union to this list.
The PenFed Pathfinder® Rewards Visa Signature® Card is a worthy contender to some of the top travel cards, with one caveat: you must be a PenFed Honors Advantage Member to make the most of this card. It’s easy to qualify, though -- just open a checking account at the credit union to get started. And, if you’re a military service member, you automatically qualify to become a member of the Honors Advantage program.
As a member, you’ll avoid the PenFed Pathfinder’s $95 annual fee and earn 4x points on all travel purchases. Non-members are on the hook for this annual fee and only earn 3x points on travel purchases. All cardholders earn 1.5x points on all non-travel purchases.
This card also offers an impressive welcome bonus and boasts no foreign transaction fees, which is helpful for anyone planning trips outside of the US.
Ultimately, adding this card to your wallet comes down to whether you want to become a PenFed member. If you do, the Pathfinder can be your pathway to racking up more rewards without dealing with the headache of an annual fee.
Rewards
The Pathfinder offers PenFed members 4x points for all travel-related purchases -- 3x if you aren’t an Honors Advantage member. You’ll earn this rate on travel booked anywhere, a distinction that sets it apart from other cards like the Capital One Venture Rewards Credit Card and the Chase Sapphire Preferred® Card, which only offer higher rewards payouts for travel booked through the card provider’s portal. Those bank-owned travel portals often require sacrificing hotel loyalty points you can earn from booking directly, so the PenFed card is more flexible if you’re looking to earn travel points without strategizing or pairing up cards.
Regardless of membership status, this card offers 1.5 points in all other spending categories. That’s a respectable across-the-board payout -- though not as high as other flat-rate credit cards -- but it is unfortunate that there are no higher rewards for dining out. If you travel often, you may also dine out at restaurants frequently. With that in mind, it’s better to use one of the best restaurant cards to pick up those tabs or opt for a card that offers high rewards for both travel and dining out, like the Citi Premier® Card.
One significant downside worth considering -- the points you earn with the PenFed Pathfinder won’t be worth more than 1 cent each. While many travel cards offer the ability to transfer points to a travel partner to boost their value, PenFed points are currently worth between $.0085 and $.01 each.
Rewards redemption
It’s also a little trickier to redeem points with the PenFed Pathfinder. You can’t redeem them for cash, which is a significant downside. Instead, you can redeem them for gift cards at more than 300 different retailers, use them to book travel in the PenFed Rewards portal, donate them to charity or shop with them at the Apple Store.
Welcome bonus
You can earn a welcome bonus of 50,000 points for spending $3,000 or more on purchases in the first 90 days of account opening. Depending on how you redeem this bonus, it’s worth between $425 and $500. Compared to other travel cards, this is a solid immediate return, though the spending threshold is significant.
For example, the PenFed Pathfinder comes with a higher spending threshold than the $1,000 requirement on the Bank of America® Travel Rewards credit card, but the value of the reward can be twice as big. (You can earn 25,000 online bonus points when you spend $1,000 or more in purchases within the first 90 days of opening an account with the Bank of America Travel Rewards card.)
Introductory APR offer
If you’ve been carrying a large balance on another credit card, the Pathfinder can help you transfer this balance to minimize or eliminate interest charges. The card offers a 0% 12-month introductory period for balance transfers (then 17.99%).
It’s a solid offer, but it’s not as good as other balance transfer cards -- many of which have significantly longer intro periods. You’ll need to pay a fee of 3% of the amount transferred, a standard charge for this service, in exchange for 12 months to pay off your debt without interest.
We don’t recommend transferring a balance if you can’t repay it within a year since the card’s 17.99% APR kicks in after the introductory period.
0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
Other perks and features
In addition to PenFed Pathfinder’s high travel points potential, the Pathfinder includes some additional features that may make traveling a little easier.
- A statement credit for Global Entry or TSA PreCheck: If you aren’t a member of Global Entry or TSA PreCheck yet, this is one of the cards that will cover the costs. Global Entry is usually the better pick since it includes PreCheck. Just be sure to pay the application fee with this card to get reimbursed.
- $100 annual domestic air ancillary statement credit: You can get $100 of ancillary purchases with domestic airlines covered with this card, too. So, if you regularly buy in-flight food and drinks or pay for checked bags, this credit can help you recoup some money. It’s solely for add-on fees, though -- you can’t use it for ticket purchases, flight upgrades or in-flight WiFi access.
- Priority Pass annual membership: You’ll get a complimentary Priority Pass membership, which boasts access to more than 1,300 lounges and additional experiences around the world. It’s not a particularly strong selling point, but the other two credits make up for this one.
Alternative cards
Chase Sapphire Preferred
You won’t be able to dodge the $95 annual fee with the Chase Sapphire Preferred, which can make the PenFed Pathfinder feel like a better option. However, it’s easy to justify the $95 price tag if you can take advantage of the Sapphire Preferred’s additional benefits. You’ll get a $50 annual hotel credit for a stay booked through the Chase Ultimate Rewards travel portal, as well as 3x points on dining and 5x points for travel booked through the portal. (You’ll earn 2x points for all other travel booked outside the portal.) It’s a better pick if you want to earn higher rewards rates on both travel and dining out.
While the 1x point per dollar spent on other purchases is lower than the 1.5 points earned with the PenFed Pathfinder, Chase does offer a 25% boost in valuation when you redeem your points for travel via the Chase portal. While this is still a lower value than the Pathfinder, if you can take advantage of higher-tier travel and dining rewards, you could potentially earn more with this card. It all comes down to your spending habits. In addition, the ability to transfer points to a range of airline and hotel partners at a one-to-one ratio can also significantly increase the value of your Chase points in some cases.
Bank of America Travel Rewards
The Bank of America Travel Rewards card doesn’t come with an annual fee. Plus, the welcome bonus of 25,000 online bonus points ($250 in value) is easier to reach with a lower spending threshold of just $1,000 or more in purchases within the first 90 days of account opening. Additionally, if the balance transfer option on the Pathfinder appeals to you, BofA’s introductory period is much longer – 18 billing cycles with an introductory 0% APR for any transfers made within the first 60 days of account opening (then 17.49% to 27.49% variable APR after).
However, there are areas where this card really falls short of the Pathfinder. While you can earn up to 3x points per dollar, you’ll only qualify for this increased rate – up from the card’s standard 1.5 points per dollar – if you book in the bank’s travel portal. If you keep $100,000 or more (3-month combined average daily balance) in another Bank of America or Merrill account, you could earn up to 2.62x points per dollar on purchases -- but it’s a steep requirement to earn higher rewards.
And, if you’re looking for an all-in-one banking and credit card provider, PenFed’s checking account rates beat Bank of America, so you may be better off sticking with this credit union.
How PenFed Pathfinder® Rewards Visa Signature® Card compares to other cards
- Intro Offer
-
50,000 points 50,000 Bonus Points when you spend $3000 in the first 90 days
- Annual fee
- $95 *Waived for existing Honors Advantage Members
- APR
- 17.99% Variable
- Intro Purchase APR
- N/A
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- Good – Excellent
- Rewards rate
-
1.5x – 4x 4X Points on all Travel categories for PenFed Honors Advantage Members; 3X Points on all Travel categories; 1.5X Points on all other purchases
- Intro Offer
-
60,000 points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
- Annual fee
- $95
- APR
- 20.49% – 27.49% Variable
- Intro Purchase APR
- N/A
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- Good – Excellent
- Rewards rate
-
2x – 5x 5x on travel purchased through Chase Ultimate Rewards®; 3x on dining.; 2x on all other travel purchases, plus more.
- Intro Offer
-
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – that can be a $250 statement credit toward travel purchases.
- Annual fee
- $0
- APR
- 17.49% – 27.49% Variable APR on purchases and balance transfers
- Intro Purchase APR
- 0% Intro APR for 18 billing cycles for purchases
- Recommended Credit A credit score is used to indicate an applicant’s credit worthiness and may provide guidance about account eligibility. It does not necessarily guarantee approval for any financial product.
- Good – Excellent
- Rewards rate
-
1.5x Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire.
FAQs
Technically, yes. However, it’s better to pick credit cards you plan to keep in your wallet for a long time. Opening and closing credit cards can hurt your credit score. It’s better to think of the bonus as one more incentive to get the card -- not the standalone reason to apply.
Applying for TSA PreCheck costs $85, and applying for Global Entry, which includes PreCheck, costs $100. Some travel credit cards will reimburse this expense as a statement credit. Each of these memberships lasts five years, and both programs can save you time at the airport. Even if you don’t have a credit card that pays for it, it can be worth the money to skip long lines if you travel often.
Cards like the PenFed Pathfinder are part of the Visa Signature family, which offers extra benefits like room upgrades and free breakfast at the Visa Signature Luxury Hotel Collection, discounts on rental cars at Avis and Budget, access to a travel concierge and more. Rewards points and welcome bonuses for these cards vary by the card issuer.
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