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Apply online for PenFed Promise Visa® Card

PenFed Promise Visa® Card Review

Excellent

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By Curtis Arnold Editor-in-chief  Updated Jul 1, 2019

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, 11.99% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.

Top Features

Purchase Intro APR
11.99% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
Purchase Intro
APR:
N/A
Regular APR
11.99% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.

CardRatings Editor's Analysis: Pros & Cons

  • A low ongoing APR along with a nice intro bonus and a lack of fees overall make this card a winner.
  • There’s a low APR on balance transfers for the first 12 months.
  • Earn a $100 bonus after spending $1,500 on purchases in the first 90 days of account opening.

PenFed Promise Visa® Card compared to other low interest cards

Card Name
Regular APR
Purchase Intro
Balance Transfer Intro
Ratings/Apply
11.99% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
APR:
N/A
12 months with no balance transfer fee now through September 30, 2019
Simmons Visa®
Apply online for Simmons Visa®
10.50% variable 
APR:
N/A
N/A
USAA® Rate Advantage Visa Platinum® Card
Apply online for USAA® Rate Advantage Visa Platinum® Card
9.15% - 26.15% Variable 
APR:
N/A
None

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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