Sep 28, 2026moderatefee increase
Annual fee waiver eliminated; $95 fee becomes unavoidable for all cardholders
$0 (waived for Honors Advantage members) → $95
← Back to the Devaluation Tracker
PenFed Devaluations: The Complete Record
Every documented PenFed points devaluation — dated, sourced, and graded. Updated automatically.
PenFed has no documented changes in the trailing 24 months. Current risk grade: Stable.
Upcoming: 1 scheduled change on the record, next effective Sep 28, 2026. Not counted above until effective.