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| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Travel Portal Bookings | 1,000–100,000 | — | — | — |
| Gift Card Redemptions | 1,000–50,000 | — | — | — |
| Apple Store Access (Exclusive) | 500–50,000 | — | — | — |
| Power Cash Statement Credit (Honors) | 0–999,999 | — | — | — |
Honors Advantage is now open to all PenFed members, not just military. You qualify through two paths: (1) Active duty, Reserve, National Guard, or honorably discharged/retired military, OR (2) Maintain an Access America Checking account with either a minimum $500 daily balance or $500+ in monthly direct deposits.
Points expire 5 years from the end of the month they were earned. Points are redeemed on a first-earned, first-spent basis (FIFO), so older points will be used first.
Points can be redeemed for travel (flights, hotels, car rentals, cruises through the PenFed Rewards Center), gift cards (300+ brands available), merchandise (electronics, sporting goods, fashion, home items), and partial pay (where points cover part of a statement balance). Power Cash card holders can redeem as statement credit or transfer to a bank account.
No. PenFed operates a closed rewards ecosystem with no transfer partners to airline or hotel loyalty programs. All redemptions must go through PenFed's own redemption channels.
Points are valued between 0.85 and 1.0 cents each, depending on how they're redeemed. Travel portal redemptions typically offer the best value (0.87-1.0 cpp). Gift cards and merchandise average 0.85 cpp. Industry consensus is approximately 0.88-0.9 cents per point.
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Travel Portal Bookings | 1,000–100,000 | — | — | — |
| Gift Card Redemptions | 1,000–50,000 | — | — | — |
| Apple Store Access (Exclusive) | 500–50,000 | — | — | — |
| Power Cash Statement Credit (Honors) | 0–999,999 | — | — | — |
Honors Advantage is now open to all PenFed members, not just military. You qualify through two paths: (1) Active duty, Reserve, National Guard, or honorably discharged/retired military, OR (2) Maintain an Access America Checking account with either a minimum $500 daily balance or $500+ in monthly direct deposits.
Points expire 5 years from the end of the month they were earned. Points are redeemed on a first-earned, first-spent basis (FIFO), so older points will be used first.
Points can be redeemed for travel (flights, hotels, car rentals, cruises through the PenFed Rewards Center), gift cards (300+ brands available), merchandise (electronics, sporting goods, fashion, home items), and partial pay (where points cover part of a statement balance). Power Cash card holders can redeem as statement credit or transfer to a bank account.
No. PenFed operates a closed rewards ecosystem with no transfer partners to airline or hotel loyalty programs. All redemptions must go through PenFed's own redemption channels.
Points are valued between 0.85 and 1.0 cents each, depending on how they're redeemed. Travel portal redemptions typically offer the best value (0.87-1.0 cpp). Gift cards and merchandise average 0.85 cpp. Industry consensus is approximately 0.88-0.9 cents per point.
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Travel Portal Bookings | 1,000–100,000 | — | — | — |
| Gift Card Redemptions | 1,000–50,000 | — | — | — |
| Apple Store Access (Exclusive) | 500–50,000 | — | — | — |
| Power Cash Statement Credit (Honors) | 0–999,999 | — | — | — |
Honors Advantage is now open to all PenFed members, not just military. You qualify through two paths: (1) Active duty, Reserve, National Guard, or honorably discharged/retired military, OR (2) Maintain an Access America Checking account with either a minimum $500 daily balance or $500+ in monthly direct deposits.
Points expire 5 years from the end of the month they were earned. Points are redeemed on a first-earned, first-spent basis (FIFO), so older points will be used first.
Points can be redeemed for travel (flights, hotels, car rentals, cruises through the PenFed Rewards Center), gift cards (300+ brands available), merchandise (electronics, sporting goods, fashion, home items), and partial pay (where points cover part of a statement balance). Power Cash card holders can redeem as statement credit or transfer to a bank account.
No. PenFed operates a closed rewards ecosystem with no transfer partners to airline or hotel loyalty programs. All redemptions must go through PenFed's own redemption channels.
Points are valued between 0.85 and 1.0 cents each, depending on how they're redeemed. Travel portal redemptions typically offer the best value (0.87-1.0 cpp). Gift cards and merchandise average 0.85 cpp. Industry consensus is approximately 0.88-0.9 cents per point.
The Pathfinder card includes a $100 annual domestic airline fee credit (for baggage fees, lounge access, food, Wi-Fi, etc.), a $100-$120 Global Entry or TSA PreCheck credit, and complimentary Priority Pass Select membership (1,300+ lounges worldwide).
Yes. The Pathfinder Rewards card normally has a $95 annual fee, but it is completely waived for Honors Advantage members. Platinum and Power Cash cards have no annual fee for any member.
Three main cards earn PenFed Honors Advantage points: Pathfinder Rewards Visa (4X travel/3X dining for Honors, 3X/2X regular), Platinum Rewards Visa (5X gas/EV/3X supermarket/dining/streaming, 1X other), and Power Cash Rewards Visa (2% cash back for Honors, 1.5% regular).
For points-based cards (Pathfinder and Platinum), you need a minimum of 1,000 points to redeem. For Power Cash, cash back can be redeemed at any amount when using automatic redemption (around the 25th of each month).
For travel portal bookings, redemption is typically immediate. For gift cards and merchandise, delivery varies (digital gift cards can be instant, physical goods 5-7 business days). Cash back redemption for Power Cash takes up to 30 days for statement credit, 2 business days for internal PenFed transfers, or 3 business days for external ACH transfers.
The Pathfinder card includes a $100 annual domestic airline fee credit (for baggage fees, lounge access, food, Wi-Fi, etc.), a $100-$120 Global Entry or TSA PreCheck credit, and complimentary Priority Pass Select membership (1,300+ lounges worldwide).
Yes. The Pathfinder Rewards card normally has a $95 annual fee, but it is completely waived for Honors Advantage members. Platinum and Power Cash cards have no annual fee for any member.
Three main cards earn PenFed Honors Advantage points: Pathfinder Rewards Visa (4X travel/3X dining for Honors, 3X/2X regular), Platinum Rewards Visa (5X gas/EV/3X supermarket/dining/streaming, 1X other), and Power Cash Rewards Visa (2% cash back for Honors, 1.5% regular).
For points-based cards (Pathfinder and Platinum), you need a minimum of 1,000 points to redeem. For Power Cash, cash back can be redeemed at any amount when using automatic redemption (around the 25th of each month).
For travel portal bookings, redemption is typically immediate. For gift cards and merchandise, delivery varies (digital gift cards can be instant, physical goods 5-7 business days). Cash back redemption for Power Cash takes up to 30 days for statement credit, 2 business days for internal PenFed transfers, or 3 business days for external ACH transfers.
The Pathfinder card includes a $100 annual domestic airline fee credit (for baggage fees, lounge access, food, Wi-Fi, etc.), a $100-$120 Global Entry or TSA PreCheck credit, and complimentary Priority Pass Select membership (1,300+ lounges worldwide).
Yes. The Pathfinder Rewards card normally has a $95 annual fee, but it is completely waived for Honors Advantage members. Platinum and Power Cash cards have no annual fee for any member.
Three main cards earn PenFed Honors Advantage points: Pathfinder Rewards Visa (4X travel/3X dining for Honors, 3X/2X regular), Platinum Rewards Visa (5X gas/EV/3X supermarket/dining/streaming, 1X other), and Power Cash Rewards Visa (2% cash back for Honors, 1.5% regular).
For points-based cards (Pathfinder and Platinum), you need a minimum of 1,000 points to redeem. For Power Cash, cash back can be redeemed at any amount when using automatic redemption (around the 25th of each month).
For travel portal bookings, redemption is typically immediate. For gift cards and merchandise, delivery varies (digital gift cards can be instant, physical goods 5-7 business days). Cash back redemption for Power Cash takes up to 30 days for statement credit, 2 business days for internal PenFed transfers, or 3 business days for external ACH transfers.
