PenFed Promise Visa Card
- This card is best suited for those eligible credit union members who are looking for a long term low introductory rate and who dislike fees.
- Intro APR
- 7.49%
- Regular APR
- 9.99%
- Intro APR Period
- 36 months
- Credit Score
Excellent
- Card Category
- Balance Transfer, Low Interest, Low Intro Rate, Low Ongoing Rate
Credit Type
Required Score
Excellent Credit
750 — 850
Good Credit
690 — 749
Fair Credit
640 — 689
Poor Credit
Poor
It is ok to estimate your credit. If you do not know your credit score you can get your free credit score instantly here
Credit Card Review
by Card Expert Curtis ArnoldPentagon Federal Credit Union serves members of DOD-related groups such as military, defense related companies, Homeland Security, VFW, and more. What I like best is how the card features no fees¦ absolutely none. Excellent credit is required--although credit requirements vary by card issuer, an excellent credit score is loosely defined as currently being in the 730-850 range. This card offers a lengthy, low introductory purchase and balance transfer APR. Thereafter, the APR is a little higher but still very low.
PenFed Promise Visa Card Details
Card Issued By:
PenFed
General Correspondence Address:
PO Box 1432 Alexandria VA 22313
Card Type:
Visa
Card Class:
Platinum
Card Category:
Balance Transfer, Low Interest, Low Intro Rate, Low Ongoing Rate
States Available In:
ALL
Minimum Credit Limit:
Maximum Credit Limit:
Credit Limit Notes:
Credit Card Rate Information
Purchase
Balance Transfer
Cash Advance
Index:
Prime
N/A
N/A
Margin:
6.74
N/A
N/A
Standard APR:
9.99%
17.99% Fixed. 7.49% promotional rate for 24 months on transfers made between January 1, 2012 and March 31, 2012. After that, the APR forthe unpaid balance and any new balance transfers will be 17.99%.
17.99% Fixed
Standard APR Floor:
N/A
N/A
N/A
Introductory Rate:
7.49%
7.49%
N/A
Introductory Period:
36 months
24 months* on transfers made July 1, 2011 to Dec 31, 2011
N/A
Finance Calculation Method:
Average Daily Balance
Purchase Grace Period:
25 days
Default/Penalty APR:
N/A.
Default/Penalty Margin:
N/A
Default/Penalty APR Floor:
N/A
Maximum Default APR:
N/A
Penalty/Default Trigger:
N/A
Credit Card Fee Information
Annual Fee:
None
Foreign Transaction Fee:
N/A
Late Fee:
N/A
Over-the-limit Fee:
N/A
Balance Transfer Fee:
Cash Advance Fee:
N/A. None
Rebates/Notes
Rebate Description:
Special Notes:
Absolutely No Fees. Introductory Purchase Rate - 7.49% APR for the first 36 months. For a limited time fee-free promotional balance transfer offer of 7.49% Promotional APR for 24 months* on transfers made between January 1, 2012, and March 31, 2012.*
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