PenFed Visa(R) Platinum Cash Rewards Card

Expert's Rating:

Pentagon Federal Credit Union serves members of the Department of Defense (DOD)-related groups. I like how this card earns 5% cash back from gas purchases. You pay no annual fee. A lengthy, low introductory purchase and balance transfer APR also set this card apart. The card requires excellent credit. The post-introductory APR is decent. Downside: The card requires a moderately heavy penalty APR.

Credit Card Rate Information:

Purchase

Balance Transfer

Cash Advance

Index:

Prime

Margin:

6.74

APR:

9.99%

9.99% Variable

APR Floor:

None

Intro Rate:

9.99%*

4.99%

9.99%

Intro Period:

through June 30, 2014

4.99% promotional rate for life of the balance on transfers made between April 1, 2012 and June 30, 2012. After June 30, 2012, the APR for new balance transfers will be 9.99% and will vary with the market based on the Prime Rate.

See notes

Finance Calculation Method:

Average Daily Blance

Purchase Grace Period:

25 days

Default/Penalty APR:

17.99% Fixed

Default/Penalty Margin:

N/A

Default/Penalty APR Floor:

None

Maximum Default APR:

17.99%

Penalty/Default Trigger:

If your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable Penalty APR. The Penalty APR will remain in place until you make three (3) consecutive monthly payments on or before the due date.

Credit Card Fee Information:

Annual Fee:

None

Foreign Transaction Fee:

N/A

Late Fee:

Up to $10 if balance is less than $1000; Up to $20 if balance is $1000-$2000; Up to $25 if balance is greater than $2000

Over-the-limit Fee:

N/A

Balance Transfer Fee:

There is no balance transfer fee on transfers made between April 1, 2012 and June 30, 2012. The fee for balance transfers made after June 30, 2012 will return to 3% (Min. $10 - Max. $250) per transaction. This transaction subject to credit approval.

Cash Advance Fee:

None

Notes:

Rebate Description:

Special Notes:

Earn 5% cash back from gas purchases paid at the Pump**. Earn 0.25% cash back on all purchases you make with the card during each billing cycle**

Card Issued By:

PenFed

General Correspondence Address:

PO Box 1432, Alexandria, VA, 22313

Card Type:

Visa