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About Our Ratings
Credit Needed
Excellent, Good

PenFed Promise Visa® Card Review

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 4.99 percent APR on balance transfers for the first 12 months.
  • A couple of introductory offers allow you to earn bonus statement credits for qualifying balance transfers and spending.

Top Features

Regular APR
11.74% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate. N/A
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 page was last updated on November 14, 2018

This card compared to other low interest cards

Card Name
PenFed Promise Visa® Card
Regular APR
11.74% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate. N/A
13.99% Variable 
10.00% variable 
Purchase Intro
APR:
N/A
APR:
N/A
APR:
N/A
Balance Transfer Intro APR
4.99%
0% intro APR
10.00%
Balance Transfer Intro Period
12 months with no balance transfer fee now through December 31, 2018
for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply.
N/A
Annual fees
$0
$0
None
Rates and Fees
CardRatings.com Editorial Staff

PenFed Promise Visa® Card details

Balance Transfer Intro APR:
4.99%
Balance Transfer Intro Period:
APR:
12 months with no balance transfer fee now through December 31, 2018
Balance Transfer Fee:
No balance transfer fee
Annual Fee:
$0

What Pentagon Federal Credit Union says about this card

  • 4.99% APR promo balance transfer rate for 12 months with no balance transfer fee now through December 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% 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 the first 90 days of account opening.
  • Rate and offers current as of November 1, 2018 and are subject to change.
  • Absolutely no fees
  • No annual fee
  • No late fee
  • No cash advance fee
  • No foreign transaction fees
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low as 11.74% 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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  • Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply
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  • No foreign transaction fees
  • International Chip and PIN
Credit Needed:
Good/Excellent
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  • No balance transfer fee for balances transferred
  • No Annual Fee
Credit Needed:
Excellent