dcsimg
Apply online for PenFed Promise Visa® Card
About Our Ratings

PenFed Promise Visa® Card Review

Curtis Arnold Curtis Arnold
Editor-in-chief

Full Review

Curtis Arnold Editor-in-chief
  • Google +
  • Twitter
  • Facebook
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 annual fee, no foreign transaction fee, no late fee, no balance transfer fee and no penalty APR. 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 low introductory balance transfer APR, subject to credit approval. Thereafter, the APR for the unpaid balance and any new balance transfers will vary with the market based on the Prime Rate and is based on your creditworthiness.

PenFed Promise Visa® Card details

Balance Transfer Intro APR
4.99% APR promotional balance transfer rate
Balance Transfer Intro Period
Promotional balance transfer rate for 12 Months on balance transfers made between July 15, 2015 - August 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 7.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.
Purchase Intro
APR:
N/A
Purchase APR
7.99% to 16.99% Variable APR when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate. 
Annual Fee
$0
see more details ∨

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 4.74 - 13.74
 4.74 - 13.74
 4.74 - 13.74
APR:
  7.99% to 16.99% Variable APR when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
 7.99% - 16.99% Variable
 7.99% - 16.99% Variable
APR Floor:
 
 
 None
Intro Rate:
 N/A
 4.99% APR promotional balance transfer rate
 None
Intro Period:
 N/A
 Promotional balance transfer rate for 12 Months on balance transfers made between July 15, 2015 - August 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 7.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.
 N/A


Finance Calculation Method:
 Average Daily Balance (including new purchases)
Default/Penalty APR:
 N/A
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 
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:
 
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 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 and Cash Advances - 7.99% to 16.99% APR when you open your account, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.
  • APR for Balance Transfers - 4.99% APR promotional balance transfer rate for 12 Months on balance transfers made between July 15, 2015 - August 31, 2015. After that, the APR for the unpaid balance and any new balance transfers will be 7.99% to 16.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.
  • Chip Enabled for Added Security

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    HORTENSIA ( Jan 26, 2015 at 1:28 pm)

    I am 64 years old. PenFed has provided me with the highest service level of cards, auto loans and banking bar none.


Write Consumer Reviews:





E-Mail will not be published









Find your card

See which cards might be better for you