Does the PenFed Gold Visa have an annual fee?

No. Our record lists a $0 annual fee for the PenFed Gold Visa.

Is the PenFed Gold Visa worth it in the first year?

Using our illustration ($12,000 of yearly spending), the first year comes out around $120 before credits, including a welcome bonus valued at $0. Year two drops to about $120 before credits.

What credit do I need for the PenFed Gold Visa?

Our record lists "Good to Excellent" credit as the typical target for the PenFed Gold Visa. PenFed Credit Union makes the final decision based on its own criteria.

PenFed Gold Visa® Card

PenFed Credit Union

No Annual Fee

Annual Fee

visaGood → Excellentno-annual-fee6 months ago

Welcome Offer

No Welcome Offer

OpenCard analysis

Is the PenFed Gold Visa Card right for you?

The PenFed Gold Visa is a no-annual-fee rewards card from PenFed Credit Union. It earns a flat 1x on purchases. With no fee, it only needs to beat the flat rate your current card already pays.

Who it's for

✓ Anyone who wants flat-rate rewards without paying an annual fee
✓ People who want one rate (1x) everywhere without tracking categories

First-year value estimate

Welcome bonus

Rewards on spending

$120

Annual fee (year 1)

−$0

Year 1, before credits

$120

Year two, without the welcome bonus: about $120 before credits ($120 in rewards minus the $0 fee).

Assumptions

$12,000 a year of purchases at 1x, about $1,000 a month.
Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
No welcome bonus is listed in our record, so none is counted.
No annual fee in any year.

An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-04-16.

How it compares

Amex Cash Magnet →

American Express, same $0 annual fee; earns 1.5x on everything.

Capital One VentureOne Rewards →

Capital One, same $0 annual fee; earns 1.25x on everything.

PNC Core Visa →

PNC Bank, same $0 annual fee; earns 1.5x on everything.

Compare side by side →

Frequently asked questions

Does the PenFed Gold Visa have an annual fee?: No. Our record lists a $0 annual fee for the PenFed Gold Visa.
What does the PenFed Gold Visa earn?: A flat 1x on purchases.
Is the PenFed Gold Visa worth it in the first year?: Using our illustration ($12,000 of yearly spending), the first year comes out around $120 before credits, including a welcome bonus valued at $0. Year two drops to about $120 before credits.
What credit do I need for the PenFed Gold Visa?: Our record lists "Good to Excellent" credit as the typical target for the PenFed Gold Visa. PenFed Credit Union makes the final decision based on its own criteria.

Earning Rates

1×All Purchases1x point per $1 on all purchases (no rewards in traditional sense - primarily a low APR card)

Other Benefits

Cell phone protection

Up to $500 per claim ($50 deductible) for stolen or damaged cell phone when paying monthly wireless bill

Travel Accident Coverage

Up to $100,000 in travel accident insurance when booking travel with card

Roadside Dispatch

Emergency roadside assistance services

ExtendedPay Plan

0% intro APR for 15 months on purchases and balance transfers

Insurance

Rental InsuranceSecondary

Purchase Protection

Extended Warranty

Sources

Last Updated: Apr 16, 2026