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
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.
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 answerDiscover, 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
A credit score of 750+ is needed for all PenFed credit cards. That means applicants need excellent credit for approval. If you receive a pre-approved mail or e-mail offer for a PenFed credit card, it means PenFed thinks your credit profile likely meets the card's requirements for approval. While such an offer doesn't guarantee approval, it indicates good odds, so make sure you apply by flagging your application through the … read full answerPenFed pre-approval web page.
Here is the credit score needed for a PenFed credit card:
PenFed Gold Visa® Card: Requires a credit score of 750, at a minimum. That means you need excellent credit for approval.
Applying for credit cards can trigger hard inquiries on your credit report, which may temporarily damage your credit score. So if you don't know where you stand, you can check your score for free, right here on WalletHub. PenFed membership is open to everyone, but in the past, it was restricted to military servicemembers or family thereof. Bear in mind that simply having the credit score needed for a PenFed credit card does not guarantee approval. Your annual income, amount of debt, number of open credit accounts and other factors are all reviewed as part of your application.
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