How much is the annual fee on a PenFed credit card?

The PenFed credit card annual fee is $0 for all credit cards, as of August 2020. While it’s common for a credit card issuer to offer at least one credit card without an annual fee, PenFed is among a small number of major issuers that extend that benefit to all credit cards.

Having a $0 annual fee is especially useful for people who want to get one of PenFed’s rewards credit cards. Since you don’t have to recoup the cost of the annual fee, you can start making money from your first purchase onward. There are multiple PenFed credit cards that offer attractive rewards, but only a few have initial bonuses, and those bonuses are small. That’s not unusual, though, since credit cards with $0 annual fees tend not to offer big bonuses.

It’s good to note that to get any PenFed credit card, you must first join Pentagon Federal Credit Union. Luckily, anyone can join and there’s no annual fee for that either, plus no one-time joining fee. You’ll just have to open PenFed savings account with at least $5 in it.