dcsimg
Advertiser Disclosure
 
     
Please enter the text to be searched
As the COVID-19 pandemic continues to affect your life and finances, CardRatings will remain committed to providing timely information related to credit cards and personal finance topics via our coronavirus financial services resource page. Email editor@cardratings.com with specific questions.
This card is not currently available here, but you can browse reviews for other credit cards.

PenFed Promise Visa® Card Review

 Editor-in-chief  | Updated

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.

PenFed Promise Visa® Card

This card is no longer available.
Our Rating:   
Excellent

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.

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. Plus, you will receive a $100 bonus after spending $1,500 within the first 90 days. 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, 11.74% to 17.99% Variable 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
11.74% to 17.99% Variable 
 Purchase Intro
APR:
N/A
 Regular APR
11.74% to 17.99% Variable 

PenFed Promise Visa® Card Compared to Other Low interest Cards

This card is no longer available.
PenFed Promise Visa® Card
Apply online for Simmons Visa®
Regular APR
11.74% to 17.99% Variable  
Regular APR
8.25% variable  
Regular APR
12.90% - 22.90% Variable  
Purchase Intro
APR:
N/A 
Purchase Intro
APR:
N/A 
Purchase Intro
APR:
0%
Period:
12 months after that the variable APR will be 12.90% - 22.90% , based on your creditworthiness 
Balance Transfer Intro APR
4.99% 
Balance Transfer Intro APR
8.25% 
Balance Transfer Intro APR
N/A 

Consumer Reviews

Add Your Review

WRITE A REVIEW

E-Mail will not be published

  

Average Consumer Ratings

Overall Ratings:
Reward Program:
Card Benefit:
Customer Service:
1 Review
  1. HORTENSIA
     01/26/2015

    I am 64 years old. PenFed has provided me with the highest service level of cards, auto loans and banking bar none.