Kiplinger

A Great New Travel Rewards Card -- Without an Annual Fee

Credit card issuers are competing hard to get you to sign you up for their cards. A popular inducement: premium travel perks, such as credits toward travel purchases and access to airport lounges.

The newest entry, the PenFed Pathfinder Rewards American Express card, holds one notable advantage over the competition: It charges no annual fee, so even occasional travelers can take advantage of its features without worrying about the math.

Two benefits stand out most for the no-fee card. All cardholders receive an automatic yearly reimbursement of up to $100 for incidental airline fees charged to the card, such as fees for day

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