Earn more everywhere you go!
50,000 Bonus Points when you spend $3000 in the first 90 days
Up to $799 total Travel value
4X Points on all Travel categories for PenFed Honors Advantage Members
3X Points on all Travel categories
1.5X Points on all other purchases
0% Balance Transfers Promo APR for 12 months, 3% fee applies to each transaction. Subject to credit approval. 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. A 3% balance transfer fee applies to each transfer. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
Annual Fee: $95 (waived for existing PenFed Honors Advantage Members)
Purchase Variable APR: 17.99%
Refer to PenFed.org for Terms/Conditions
PenFed Pathfinder® Rewards Visa Signature® Card Review
May 24, 2022
Who is the PenFed Pathfinder® Rewards Visa Signature® Card for?
The PenFed Pathfinder® Rewards Visa Signature® Card earns points on virtually all purchases at no annual fee. With this card you will receive 1.5 points for every $1 spent, allowing you to save up and eventually redeem your points for rewards. This card also has a very generous initial bonus, offering 50,000 points if you spend $3,000 within the first 90 days of opening your account.
In addition to the points rewards, this card also provides a multitude of other benefits such as $0 foreign transaction fees, a zero liability policy, and up until September 30, 2022, cardholders can avail a 0% intro APR period for balance transfers.
We recommend this offer to the fee-averse credit card shopper searching for a travel credit card with a simple rewards structure. This card is free to use and rewards users with a minimum 1.5 points per dollar spent, making it a viable option for those who want to earn points on the daily.
The card comes with a welcome offer for new cardholders, spending $3,000 on purchases within 90 days of account opening will earn you 50,000 points. $3,000 in about 3 months is very feasible, so we recommend making a large purchase immediately in order to fulfill this requirement. 50,000 points can be worth more than $700 in statement credit for travel purchases, PenFed is practically giving you an extra $700 to spend on your vacation for free since there is no annual fee.
Points Structure
The PenFed Pathfinder® Rewards Visa Signature® Card offers up to 4 points per dollar spent on travel purchases, and 1.5 points on all purchases. This works well for people who travel often as they can maximize the amount of points they earn.
Points can be redeemed in a variety of travel-related ways. First, use your points as a statement credit to book your next flight. Do not worry about spending money on your flights, when you can use the points that you have earned to pay off travel fees.
You can also redeem your points as statement credits to pay for hotels, vacation packages, cruises, rental cars, or baggage fees. Spend your points how you want, and know that using this card will give you a variety of outlets for these points.
Other Benefits
Savvy cardholders will take advantage of the PenFed Honor Advantage Membership which dramatically improves your rewards earning potential. Existing PenFed customers can earn 4x (up from 3x) Points on their travel purchases.
PenFed also provides 24/7 fraud monitoring which means they block potential fraudulent charges if they sense your card is being used in a location it is not normally being used in, or on something you do not normally purchase.
Also, this card offers a $0 liability guarantee. In the scenario in which a fraudulent transaction is made, you will not be held liable for it. This means that you will not be charged any money for purchases that you did not make with your credit card.
Technology
The card is equipped with an industry standard EMV chip which provides an added layer of security to your credit card, leading to safer and easier purchases.
This card also gives you a paperless statement option. You can choose to receive your credit card statement electronically, enhancing your security, while also reducing paper consumption, thus having a positive effect on the environment.
The PenFed Pathfinder® Rewards Visa Signature® Card also comes with Digital Wallet technology. You can add your credit card to your cell phone and you will be able to shop in-store and online easily using Apple Pay®, Google Pay™, and Samsung Pay.
You will also receive access to PenFed's 24/7 digital banking experience which allows you to pay your credit card bill, transfer funds, and check available credit, among other services at the click of a button from wherever you may be. You will also receive account alerts that will allow you to stay on top of your account and all of its transactions. These notifications will give you alerts such as when your payment is due.
Finally, through the mobile banking app or online, you will have access to your FICO® credit score.
Conclusion
Overall, the Bank of America Travel Rewards credit card is a solid option particularly for existing PenFed customers as they can travel rewards without having to pay an annual fee. The card offers a minimum 1.5 points per dollar spent, a generous welcome bonus, and points can redeemed in a variety of ways. This simplistic rewards structure may not have the greatest benefits, but for no annual fee, this is a feasible option for travel credit card shoppers.
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