Must be a Pentagon Federal Credit Union member. Must be in military service, the National Guard, the Reserves, or an honorably discharged Veteran of the United States Military to apply for this credit card. APR for Balance Transfers: 4.99% promotional rate for 12 months on transfers made between January 1, 2015 and January 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate and is currently 8.99%. Grace Period: The due date is at least 25 days after the close of each billing cycle. The card company will not charge you interest on purchases if you pay your entire balance by the due date each month. No Annual Fee. No Balance Transfer fees. No Late Payment Fees. No Penalty APR. Absolutely no fees.