dcsimg

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 from our partners. How we make money.

Apply online for PenFed Promise Visa® Card
About Our Ratings
Credit Needed
Excellent

PenFed Promise Visa® Card Review

Pros & Cons

  • This card is king of no-fee credit cards with no annual fee, no balance transfer fee, no foreign transaction fee and no late fee.
  • 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

Purchase APR
9.74% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
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 February 01, 2018

This card compared to other low interest cards

Purchase APR
9.74% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
10.24% Variable 
9.50% (Variable) 
Purchase Intro
APR:
N/A
APR:
N/A
APR:
N/A
Balance Transfer Intro APR
4.99%
N/A
9.50% (Variable)
Balance Transfer Intro Period
12 months
N/A
N/A
Annual fees
$0
$0
None
Rates and Fees
This card is best suited for those eligible credit union members who are looking for a long term low introductory rate and no fees.
CardRatings.com Editorial Staff

PenFed Promise Visa® Card details

Balance Transfer Intro APR
4.99%
Balance Transfer Intro Period
12 months
Purchase Intro
APR:
N/A
Purchase APR
9.74% to 17.99% Subject to credit approval.* Your APR will vary with the market based on the Prime Rate.
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 March 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 9.74% 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 3 months of account opening.
  • Rate and offers current as of February 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 9.74% 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.


Write Consumer Reviews:





E-Mail will not be published









Highlighted offers
Currently available on the PenFed Promise Visa® Card
$100 bonus
After spending $1,500 in purchase transactions within 3 months of account opening.

Start Here

Search. Compare. Apply.

Apply online for Barclaycard Ring™ Mastercard®

Barclaycard Ring™ Mastercard®

  • A low, variable APR on purchases, balance transfers and cash advances
  • No annual fee
  • No balance transfer fees
  • No foreign transaction fees
  • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • Free online access to FICO® Credit Score
Credit Needed:
Excellent
Apply online for Simmons Bank Visa® Platinum

Simmons Bank Visa® Platinum

  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 9.50% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred
  • No Annual Fee
Credit Needed:
Excellent