Sep 28, 2026moderatefee increase
Annual fee waiver eliminated; $95 fee becomes unavoidable for all cardholders
$0 (waived for Honors Advantage members) → $95
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PenFed Devaluations: The Complete Record
Every documented PenFed points devaluation — dated, sourced, and graded. Updated automatically.
PenFed has made 1 documented change in the trailing 24 months, most recently Sep 28, 2026. Current risk grade: Stable.
Questions
How many times has PenFed devalued?
1 documented devaluation on our documented record since 2026. Improvements are tracked separately and never netted in.
When did PenFed last devalue?
September 28, 2026 on our documented record: Annual fee waiver eliminated; $95 fee becomes unavoidable for all cardholders.
What was PenFed's biggest devaluation?
Annual fee waiver eliminated; $95 fee becomes unavoidable for all cardholders (September 28, 2026) — rated moderate on our documented record.