(UPDATED) PenFed Pathfinder Rewards American Express Card is now Live – Details and Review!

This post may contain affiliate links; please read our advertiser disclosure for more information.
Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

PenFed Pathfinder Rewards American Express Card

PenFed announced their new Pathfinder Rewards American Express card today.  I wanted to give you the details on the card and do a mini review as well.

In order to apply for a card from PenFed you need to be a member first.  You can easily become a member if you are an active military member or if you were previously a member of the military. For non military people you can also become a member by joining one of two associations.  Both come with a cost of $17.  You can join Voices for America’s Troops, or National Military Family Association.

Details on the Bonus

The sign up bonus is for 25,000 points after spending $2,500 within the first 90 days of account opening.  Points are worth $0.0085 per point when redeeming towards airfare through their portal or towards gift cards.  You can get up to 1.15 cents per point if you use if towards hotels.

Earning Structure

For Access America checking account holders or as a member of the military the earning rates are as follows:

  • 4 points per dollar on travel purchases (tolls, car rentals, trains, taxis, hotels, airfare)
  • 1.5 points per dollar on everything else

Non military personnel or members without an Access America checking account earn the following rates:

  • 3 points per dollar on travel purchases (tolls, car rentals, trains, taxis, hotels, airfare)
  • 1.5 points per dollar on everything else

Cardmember Perks

This card has some good perks for a no annual fee card, they are as follows:

  • $100 annual travel credit (unknown if per calendar year or cardmember year)
  • No foreign transaction fees
  • $100 Global Entry or $85 TSA Precheck credit every 5 years
  • No annual fee

Sign Up Value – $212.50 for Airfare, $287.50 for Hotels

The points are worth .85 cents a piece when booking airfare or redeeming towards gift cards making the 25,000 point sign up bonus worth $212.50. If you used the points towards hotel stays your value would be $287.50.  You would get to keep the full amount since there is no annual fee.


This is a decent offer for a no annual fee product.  The sign up bonus is average  but the card has some value as a long term keeper.

The $100 annual travel credit is pretty impressive.  I will be interested to see how hard it is to use.  Is it more like the CSR credit, very easy to use, or more like the BOA Premium Rewards card, kind of difficult to use?

The Global Entry/TSA Precheck credit is a nice perk as well, although most people probably already get this from another card.

The earning structure sounds good, especially for Access America checking account members or military personnel, until you see that the points are worth less than 1 cent per point towards airfare.  Still, 3.4% back on airfare is pretty good for a no annual fee card, if you are earning 4x.  Even better if you use the points towards hotel stays at a return of 4.6%. It also covers a wide variety of travel.

From what I have read you are charged $15 to book flights when using their travel portal and the points are worth less for airfare versus booking a hotel. If you want to get max value out of the card then booking a hotel stay is your best option.

You also have to consider that PenFed has been somewhat of a stickler in the past about lots of recent applications.  So you may go through the process of setting up an account, joining an association, paying $17, and then you could get denied when it is all said and done.  Something to consider.


The PenFed Pathfinder Rewards American Express Card is an average to slightly above average card overall in the no annual fee market.  The fact that the points are worth less than 1 cent per point towards airfare make that no a plausible use. I also don’t like that you can not redeem them for cash, even at a minuscule .85 cents a piece value. If you want a card for your cash hotel bookings this could fit the bill.  Just remember that you will need to jump through a few hoops before being able to apply.

If you are already a member at PenFed or you are a member of the military the PenFed Pathfinder Rewards card could be a good long term keeper. This could be a card that helps increase your average age of accounts all while bringing you a $100 travel credit every year.  Not a bad deal, but I couldn’t see myself putting regular spend on it since the redemption rates are poor outside of hotel stays.  I also question if they will maintain the $100 travel credit long term, or will they find it too generous in a year or two?

If you are looking for a great no annual fee card I would suggest the Uber card from Barclaycard.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

More Like This


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. I have a penfed acct from long ago but I don’t have an amex and have been wanting one.

    I don’t use hotels or airfair however. So this does not really appeal to me over what I have seen elsewhere…which is $150 cash for spending $1000 within 3 months. Only 1% cashback. (maybe more for gas & groceries but thats of no value to me as I get more than 3% on both as it is)

  2. Gary from what I read on their previous cards the points were worth .85 cents per point via their portal. If that has changed or was not accurate then it makes it a more compelling sign up bonus for sure. And a good option for travel purchases at no fee.

    As for the $100 credit is a great perk but the question is how restrictive is it and will it stay as a perk.

  3. The points are worth .85 cents for gift cards, they are worth more than that for travel (avg ~ 1.17 cents apiece).

    A global entry credit and $100 annual airline fee credit on a no annual fee card seems pretty strong, hardly underwhelming, if you compare it to other no annual fee cards. It’s not the best in the market but it’s up there in the no fee space. A good card to get and keep if for nothing else than to reap the benefits of the airline fee credit every year at no cost.

  4. Never mind. I didn’t look hard enough. But it appears to be only an airfare fee credit, which is much more limited than the CSR card.


Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!