Does PenFed have a secured credit card?

There are plenty of banks and credit unions that offer secured credit cards, including Bank of America, Capital One, and Citibank.

Major Banks That Offer Secured Credit Cards

• Bank of America
• Capital One
• Citibank
• USAA
• U.S. Bank
• Truist Bank
• PNC Bank

A number of smaller banks and credit unions offer secured credit cards, too. They include ... read full answerCapital Bank, First Progress, and Applied Bank, among others. The major banks that do not offer secured cards are American Express, Barclays, Chase, and Synchrony Bank.

Keep in mind that it’s not a secured credit card’s issuer that really matters. Your goal should be to find the card with the lowest possible annual fee, no matter who offers it. And you can achieve that goal by comparing secured credit cards using WalletHub's free comparison tool. You can also try our free CardAdvisor to get a personalized recommendation based on your answers to a few simple questions.

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 the PenFed ... read full answerwebsite.

Other PenFed Credit Card Approval Requirements

Application requirements also include personal information such as your name, address and birthdate. Your Social Security Number (SSN) or Individual Tax ID Number (ITIN) and U.S. citizenship status are also required. In addition, PenFed will review your credit history, your income and any debts you have. Your bank account information, monthly mortgage/rent payment, and employment status will also be taken into account.

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 ... read full answernow open to everyone for free.

Best PenFed Credit Card Options

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

Annual Fee: $95

Min. Credit Required: Good credit

Initial Bonus: $100 statement credit for spending $1,500 in the first 90 days

Ongoing Rewards: 1.5% cash back on all purchases (2% cash back for Honors Advantage Members)

Annual Fee: $0

Min. Credit Required: Good credit

Initial Bonus: 15,000 points for spending $1,500 in the first 3 months

Ongoing Rewards: 5 points per $1 spent on gas and electric vehicle charging stations, 3 points per $1 at supermarkets and restaurants, 3 points per $1 on cable, satellite and other pay television/radio/streaming services, as well as 1 point per $1 on all other purchases

Annual Fee: $0

Min. Credit Required: Good credit

Intro APR: 0% for 15 months on purchases and balance transfers

Regular APR: 15.49% - 17.99% (V)

Annual Fee: $0

Balance Transfer Fee: 3%

Min. Credit Required: Good credit

You can check your credit score for free, right here on WalletHub, to gauge your odds of qualifying for one of the best PenFed credit cards.