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Apply online for PenFed Promise Visa® Card
About Our Ratings
Credit Needed
Excellent

Top Features

Purchase APR
10.24% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
Purchase Intro
APR:
N/A
Annual Fee
$0

Full Review

Curtis Arnold Editor-in-chief
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.

This card compared to other low interest cards

Purchase APR
10.24% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
7.50% (Variable) 
8.25%* Variable 
Purchase Intro
APR:
N/A
APR:
None
APR:
N/A
Balance Transfer Intro APR
4.99% APR promotional balance transfer rate
7.50% (Variable)
N/A
Balance Transfer Intro Period
Rate and offers current as of February 1, 2016 and are subject to change.
N/A
N/A
Annual fees
$0
None
$0
This card is best suited for those eligible credit union members who are looking for a long term low introductory rate and no fees.
CardRatings.com Editorial Staff

PenFed Promise Visa® Card details

Purchase APR
10.24% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate. 
Purchase Intro
APR:
N/A
Balance Transfer Intro APR
4.99% APR promotional balance transfer rate
Balance Transfer Intro Period
Rate and offers current as of February 1, 2016 and are subject to change.
Annual Fee
$0
see more  

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:
  10.24% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
 7.99% - 16.99%
 10.24% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
APR Floor:
 
 
 None
Intro Rate:
 N/A
 4.99% APR promotional balance transfer rate
 None
Intro Period:
 N/A
 Rate and offers current as of February 1, 2016 and are subject to change.
 N/A


Finance Calculation Method:
 Average Daily Balance (including new purchases)
Default/Penalty APR:
 None
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 None
Late Fee:
 None
Over-the-limit Fee:
 None
Balance Transfer Fee:
No balance transfer fee  


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:
 Low Interest, Balance Transfer, Low Ongoing Rate, Primary Category Cards - Low Interest
States Available In:
 
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Pentagon Federal Credit Union says about this card

  • 4.99% APR promo balance transfer rate for 12 mos. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary w/the market based on Prime Rate. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of February 1, 2016 and are subject to change.
  • Absolutely No Fees
  • No Annual Fee
  • No Late Fee
  • No Cash Advance Fee
  • Federally insured by NCUA
  • Rates as low as 10.24% APR

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.


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Special offers
Currently available on the PenFed Promise Visa® Card
$100 Bonus
After spending $1,500 in purchase transactions within 3 months of account opening.

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BankAmericard® Credit Card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.24% - 21.24% Variable APR.
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • Zero liability fraud protection, so you're not responsible for any fraudulent charges made on your account
Credit Needed:
Excellent/Good
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Credit Needed:
Excellent/Good