Does PenFed have a travel credit card? This question is about PenFed Credit Card Reviews

Does PenFed have a travel credit card?

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This question is about PenFed Credit Card Reviews

Robert Sambrick, WalletHub Analyst

@robsam • 09/22/21 This answer was first published on 06/16/20 and it was last updated on 09/22/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, the best PenFed credit card for travel is the PenFed Pathfinder card because it offers extensive rewards for travel purchases, a 0% foreign transaction fee, and luxury perks such as free airport lounge access.

Here’s why the PenFed Pathfinder card makes for a good travel card:

4x points on travel for Honors Advantage Members, 3x points on travel for everyone else
1.5x points on all other non travel purchases
50,000 bonus points after spending $3,000 in purchase transactions within the first 90 days of account opening.
$100 annual domestic air travel ancillary statement credit
$100 Global Entry or $85 TSA Pre-check statement credit
Complimentary Annual Priority Pass Select™ membership

In addition to its rewards, the PenFed Pathfinder card also features a 0% foreign transaction fee, so you won’t have to worry about getting charged more for your transactions with foreign merchants. And you also get several travel benefits such as baggage and trip delay reimbursement, and travel accident insurance.

The PenFed Pathfinder card charges a $95 annual fee, which is waived for those who qualify for Honors Advantage (members of the military or Access America account holders). The PenFed Pathfinder card requires excellent credit (a credit score of 750+) for good odds of approval.

If you’re not tied to PenFed as an issuer, feel free to also check out our editors’ picks for the best travel credit cards on the market and pick one according to your needs.

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How much is the PenFed foreign transaction fee?

The PenFed foreign transaction fee is $0. All PenFed credit card offers have come with no foreign transaction fee since 2011. Their debit cards, on the other hand, come with an international transaction fee of up to 2% of the transaction amount.

That puts PenFed in a very small group of credit card issuers that never charge foreign transaction fees. … read full answer Discover, Capital One and USAA are some of the other select few who don%t charge foreign transaction fees on any of their credit cards.

Also, all PenFed credit cards come with EMV chips, which makes them more secure and more compatible with foreign payment terminals. PenFed cards are also on the Visa network, so they%ll be accepted almost everywhere worldwide.

It%s crucial to bring a no foreign transaction fee card with you when you go abroad, as those fees can really add up. But you should also make sure to say no to Dynamic Currency Conversion. That%s when the merchant asks you to pay in U.S. dollars instead of the local currency. You don%t want that because merchant exchange rates can be up to 7% higher than the actual going rate

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What credit score do you need for a PenFed credit card?

The credit score that you need for a PenFed credit card is 750+. That means applicants need excellent credit for approval. This applies to all PenFed credit cards.

If you receive a pre-approved mail or e-mail offer for a PenFed credit card, it means your credit profile likely meets the card's requirements for approval. While such an offer doesn't guarantee approval, it indicates good odds of getting the card. So, make sure you apply by flagging your application through the … read full answer PenFed pre-approval web page.

PenFed Credit Card Credit Score by Card

PenFed Power Cash Rewards Visa Signature® Card: A credit score of 750+ (excellent credit)

PenFed Pathfinder® Rewards Visa Signature® Card: A credit score of 750+ (excellent credit)

PenFed Platinum Rewards Visa Signature® Card: A credit score of 750+ (excellent credit)

PenFed Gold Visa® Card: A credit score of 750+ (excellent credit)

Applying for credit cards will trigger hard inquiries on your credit report, which may temporarily damage your credit score. So, make sure you qualify before applying. If you don't know where you stand, you can check your score for free, right here on WalletHub.

Ultimately, it is worth noting that PenFed membership is now open to everyone. But keep in mind that simply having the credit score needed for a PenFed credit card does not guarantee approval. Some other key criteria include your annual income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.

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