WalletHub, Financial Company
@WalletHub
Yes. Anyone can join PenFed. PenFed membership is free for everyone now, but PenFed was originally created to serve U.S. military members and veterans of all branches, as well as federal employees and retirees. PenFed formerly required non-government and non-military applicants to donate to a military charity to be eligible for membership, but they no longer require this. As long as you’re a U.S. citizen or permanent resident of the United States, you can join Pentagon Federal Credit Union by simply funding a savings account with at least $5.
All you have to do to apply for PenFed membership is enter your personal information – including your name, address, Social Security number or ITIN, and other info – on the membership form. Before you submit your application for membership, you’ll be asked to make a deposit of at least $5 to a new PenFed savings account using a debit card or a bank transfer.
PenFed Membership Eligibility Requirements:
- Must be able to fund a savings account with at least $5
- Must be a U.S. citizen or permanent U.S. resident
- Must have a government-issued photo I.D.
- Must be at least 18 years old
All in all, it’s very easy to become a PenFed Credit Union member. To fill out a membership form, visit the PenFed Credit Union website. Alternately, you can apply for membership over the phone by calling 800-247-5626.
Sydney Garth, Credit Cards Moderator
@sydneygarth
The eligibility requirements to join PenFed Credit Union are as follows: those who serve in the US Military or Uniformed Services, employees of the US government, or those who are related to someone who meet the above criteria.
If you don't meet any of those requirements, you can also join the National Military Family Organization or the Voices for America's Troops for $17 each.
People also ask
What are the Penfed credit card approval requirements?
The PenFed credit card approval requirements include an good (700+) credit score and proof of a steady income. Applicants must also be at least 18 years old and either a U.S. citizen or permanent resident.
Those under 21 years old will need to offer evidence of independent income, too. PenFed credit union membership is also required in order to be approved for a credit card. The membership requirements and the application to join are available on...
read full answerWhat is the best PenFed credit card?
The best PenFed credit card is the PenFed Pathfinder® Rewards Visa Signature® Card. It offers 3 points per $1 spent on travel (4 points per $1 for Honors Advantage Members) and 1.5 points per $1 on all other purchases, and it gives 50,000 points for spending $3,000 in the first 90 days after opening an account. The card also comes with a $95 annual fee, and you need at least good credit for approval.
You can get the PenFed Pathfinder® Rewards Visa Signature® Card, or any other PenFed product, without a military affiliation. Membership in the credit union is now open to everyone for free.
Best PenFed Credit Card Options
- Best for Travel: PenFed Pathfinder® Rewards Visa Signature® CardPenFed Pathfinder® Rewards Visa Signature® CardLearn MoreLearn Moreon issuer's website
Initial Bonus: 50,000 points for spending $3,000 in the first 90 days
Ongoing Rewards: 3 points per $1 spent on travel (4 points per $1 for Honors Advantage Members) and 1.5 points per $1 on all other purchases
... read full answerHow can I get pre-approved for a PenFed credit card?
PenFed has pre-approval, but it only extends pre-approved offers via mail or e-mail, or to existing customers through their online account. PenFed does not have an online tool that interested consumers can use to check their pre-approval status. And unlike online pre-approvals that may return results for multiple cards with the highest odds of approval, PenFed’s mailed or e-mailed pre-approval offers will be for one specific credit card.
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