Credit Compound

PenFed Credit Union

Pentagon Federal Credit Union, one of the country's largest, and unlike most military credit unions anyone can join by opening a $5 savings account. Its Honors Advantage program, earned through military affiliation or a PenFed checking account, unlocks the best rates and fee waivers on its cards.

Application Rules

  • ▸Open membership: anyone can join with a $5 share savings account at application
  • ▸Honors Advantage status (military service or PenFed checking) upgrades earn rates on Pathfinder and Power Cash
  • ▸Typically pulls Equifax; membership and card can be approved in a single pass

Tracked PenFed Credit Union Cards

PenFed Gold Visa card art
PenFed Gold VisaPenFed Credit Union

Terms checked 2026-10-12

No rewards, no fees, just one of the lowest ongoing APRs around.

Special bonusAF: $0Rating: 6.2/10