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Apply online for PenFed Promise Visa® Card
About Our Ratings

Our editor's take

 CardRatings Managing Editor
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Pentagon 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. Along with other credit criteria as set by PenFed, 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 will vary with the market based on the Prime Rate and is a little higher but still very low.
Curtis Arnold
Curtis Arnold
CardRatings Editor

PenFed Promise Visa® Card details

Balance Transfer Intro APR
4.99%
Balance Transfer Intro Period
Promotional rate for 12 Months on transfers made from November 01, 2014 through December 31, 2014 with no balance transfer fee. 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 9.99%. This transaction is subject to credit approval.
Purchase Intro
APR:
7.49%
Period:
Intro purchase APR for 36 months. After that, the APR will vary with the market based on the Prime Rate, and is currently 9.99%.
Purchase APR
9.99% Variable
Annual Fee
$0 
see more details ∨

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 6.74
 6.74
 6.74
APR:
  9.99%
Variable
 9.99% Variable
 9.99% Variable
APR Floor:
 None
 None
 None
Intro Rate:
 7.49%
 4.99%
 None
Intro Period:
 Intro purchase APR for 36 months. After that, the APR will vary with the market based on the Prime Rate, and is currently 9.99%.
 Promotional rate for 12 Months on transfers made from November 01, 2014 through December 31, 2014 with no balance transfer fee. 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 9.99%. This transaction is subject to credit approval.
 N/A


Finance Calculation Method:
 Average Daily Balance
Default/Penalty APR:
 None
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 N/A
Penalty/Default Trigger:
 None

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 None
Late Fee:
 None
Over-the-limit Fee:
 None
Balance Transfer Fee:
None  


Notes:

Rebate Description:
 
Special Notes:
 Introductory Purchase APR - 7.49% APR for 36 months. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99%.
Credit Card More Information:

Card Issued By:
 Pentagon Federal Credit Union
General Correspondence Address:
 PO Box 1432
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:
 

What Pentagon Federal Credit Union says about this card

  • No annual fee
  • No foreign transaction fee
  • No balance transfer fee
  • No late fee
  • No penalty APR
  • APR for Purchases - 7.49% introductory APR for 36 months. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99%.
  • APR for Cash Advances - 9.99%. Your APR will vary with the market based on the Prime Rate.
  • APR for Balance Transfers - 4.99% promotional rate for 12 Months on transfers made from November 01, 2014 through December 31, 2014 with no balance transfer fee. 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 9.99%. This transaction is subject to credit approval.
  • Chip Enabled for Added Security

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About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

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