The rules for your PenFed card usually depend on what they are/were when you got your card. Also, those rules stay in place (grandfathered) when PenFed puts new rules in place. However, just like USAA, I think that PenFed places card holders in categories depending on your status when you join. If that is true, your category could determine whether or not you are grandfathered when the rules change. For example, as a retired civil servant, I have had a PenFed card for at least 8 years and the rules for my card have never changed. I have a $5 regular account and a Rewards credit card for which I get 5% pay at the pump fuel/3% groceries/1% everything else and when I have enough points I get a $50 debit card. If you join under some other category they may change.
