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    Pentagon Federal Credit Union

    Pentagon Federal Credit Union members have access to several credit cards with features that match customer needs.  Pentagon Federal Credit Union serves members of the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense-related companies, Veterans of Foreign Wars, and more. Members of the National Military Family Association, a non-profit advocacy organization for military families open to civilians, are also eligible to join. 

PenFed Visa Platinum Cash Rewards Card

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  • Earn 5.00% 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**
  • Up to $50,000 limit
  • No Annual Fee
  • Cash Rewards credited each month
  • No special restrictions to earn your cash rewards
  • During Jan. 1, 2012 through March 31, 2012,all balance transfers carry a 1.99% Promotional APR for 24 months. After that, the APR for the unpaid balance and any new balance transfers will be 9.99% APR and will vary with the market based on the Prime Rate

PenFed Promise Visa Card

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  • Absolutely no fees
  • 7.49% APR introductory purchase APR for first 36 months ! After that, the APR will vary with the Prime Rate, and is currently 9.99% APR.
  • No-fee cash advances carry a 17.99% APR
  • For a limited time, fee-free promotional balance transfer offer of 7.49% Promotional APR for 24 months* on transfers between January 1, 2012, and March 31, 2012.* After that, the APR for the unpaid balance or any new transfers will be 17.99%. No balance transfer fee!

PenFed Premium Travel Rewards American Express Card

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  • 5x points on airfare purchases
  • 1x point on all other purchases
  • 20,000 bonus points when you spend $650 in the first 3 months
  • No annual fee
  • No foreign transaction fee
  • Complimentary concierge service
  • Exceptional travel offers and discounts
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Credit Card Database

Who is eligible to receive a Pentagon Federal Credit Union card?

Members and employees of the Air Force, Army, Coast Guard, Department of Defense, Department of Homeland Security and defense-related companies are eligible to become members of the Pentagon Federal Credit Union, along with Veterans of Foreign Wars. Also eligible to join are members of the National Military Family Association--a non-profit advocacy organization for military families that's open to civilians.

What types of credit cards are offered by the Pentagon Federal Credit Union? >>

What types of credit cards are offered by the Pentagon Federal Credit Union?

PenFed offers a variety of credit cards, many with lower interest rates than the standard offered by other financial institutions. Here are a few examples:

  • Platinum Cash Rewards Card. If you are looking for the best cash back credit card, you should compare how quickly you can accrue cash rewards along with the interest rate you will pay and the annual fee. PenFed's Platinum Cash Rewards credit card pays you 5 percent cash back on all gas purchases and 1 percent cash back on all other purchases. This credit card currently has a variable rate of 13.99 percent APR and no annual fee.
  • Platinum Cash Rewards for Students. This credit card has no annual fee and carries an interest rate of 13.99 percent APR. The rewards program is the same as the Platinum Cash Rewards for regular customers. This student credit card requires a joint account holder who meets the credit standards of PenFed and is a member. The student can also become a member. The credit limit for this card can be as low as $500 if the joint account holder prefers. This student credit card gives you a chance to build your credit while still in college, since the payment history is reported for both account holders.
  • Promise Card. If your goal is to pay off your credit card debt quickly or to make a major purchase without paying too much in interest, a low interest credit card should meet your requirements. The PenFed Promise Card has no annual fee and, for the first 36 months, the interest rate is just 7.49 percent APR. After that, the variable rate is tied to the Prime Rate. Currently the ongoing interest rate is only 9.99 percent APR. If you find that you need a cash advance, the Promise Card charges 17.99 percent APR, far lower than many other credit cards.
  • Premium Travel Rewards American Express Card. If you travel often for work or pleasure, the best travel credit cards can save you money. Look for a credit card that pays you with points or frequent flier miles on a favorite airline or, if you travel on a variety of airlines, one that can be used for any carrier. The PenFed Premium Travel Rewards American Express Card pays five points for every dollar you spend on airline travel and one point per dollar for all other purchases. In addition, you can earn 20,000 bonus points if you spend $650 in the first three months. This card has no annual fee and no foreign transaction fees.

How do I choose the best Pentagon Federal Credit Union credit card? >>

How do I choose the best Pentagon Federal Credit Union credit card?

Every consumer should decide how they want to use a new credit card. If you tend to carry a balance, the interest rate and perhaps the balance transfer terms should be your priority. If your preference is to use a credit card to earn rewards, think about the rewards that would be most meaningful to you, such as points for airline miles or hotel rooms or for gas and groceries.

Pentagon Federal Credit Union features cash back and rewards cards, how do I compare the benefits? >>

Pentagon Federal Credit Union features cash back and rewards cards, how do I compare the benefits?

When evaluating cash back credit cards, decide whether you would rather have cash back to pay down your balance or to put in a savings account or whether you prefer to earn points towards other purchases. If you are on a tight budget and need to pinch pennies, a cash back credit card might be the best fit. If you want to travel, a rewards card can build up your store of airline miles or free hotel nights, so looking for Pentagon Federal Credit Union's reward card might give you the extra spending power for using a credit card that you want. Don't forget to check the annual fee and interest rates charged on various cards when you are reviewing their rewards programs.

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