One significant downside worth considering -- the points you earn with the PenFed Pathfinder won't be worth more than 1 cent each. While many travel cards offer the ability to transfer points to a travel partner to boost their value, PenFed points are currently worth between $. 0085 and $. 01 each.

You can redeem your Rewards Points for Travel, Gift Cards, Merchandise, Experiences or donate your Rewards to charity. We have many exciting offers that you can access by accessing our Rewards site: Log into your PenFed Online account.

The PenFed Pathfinder's starting credit limit is $5,000. This limit is guaranteed for every cardholder. And if your credit score, income, and other financial factors qualify you for it, you might receive an even higher starting credit limit.

^ 50,000 bonus points when you spend $3000 in purchase transactions in the first 90 days- up to $500 in value. Your points will vary in value based on redemptions but will always be valued at a minimum of $0.0085. Some point redemptions will be worth up to $0.01.

What is the PenFed membership fee? There is no membership fee to join PenFed. However, you need to open one of two savings accounts made available for membership, for which you'll need to deposit a minimum of $5.

You can use PenFed Online to request checks - made payable to you and sent to the address on file - from your Regular Share or Premium Online Savings accounts. Log in to PenFed Online. Click the Transfers tab at the top of PenFed Online, then click Request Check Withdrawal.

No Foreign Transaction Fees: You won't be charged extra for using your PenFed card outside of the U.S.

You can apply online for a PenFed credit card even if you are not yet a member.

How much is 1,000 points worth? Rewards rates will vary depending on the particular credit card you're using, but generally rewards are worth around 1 cent per point. If you earn 1,000 points, that would be worth around $10.

For example, 60,000 points are worth $750 when redeemed for travel purchases, or $600 when redeemed for cash.

You can send and receive cash using your PenFed checking account and services such as Square Cash, PayPal, and Venmo.