penfed promise visa  card

PENFED PROMISE VISA® CARD

Apply Now

Apply for your credit card before becoming a member

.

After your application, we’ll help you:

Discover how you’re eligible to become a PenFed member

Open a Savings/Share Account and deposit at least $5

PRODUCT SNAPSHOT

Absolutely No Fees

Looking for a simple, straightforward card? Build your credit and finance your life with absolutely no fees. That's the PenFed Promise.

 

INTEREST & FEE INFORMATION »

CREDIT CARD AGREEMENT »

  • LOW APR on purchases  
  • NO FEES   
  • $100 Statement Creditƚ When you spend $1,500 in the first 90 days  
  • 4.99% Promo APR On balance transfers for 12 months (subject to credit approval)  Read More
 
  • Favorable Fees No annual fees and no foreign transaction fees!
  • Enhanced Security EMV chip-enabled for added security

Balance Transfer Offer for PenFed Promise Visa® Cardholders

Balance Transfers - % APR promotional balance transfer rate for on transfers made between . After that, the APR for the unpaid balance and any new balance transfers will be % to % based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. 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.

Summary of Terms - PDF

APPLY NOW

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases and Cash Advances % to % when you open your account, based on your creditworthiness.* Your APR will vary with the market based on the Prime Rate.
APRs for Balance Transfers % promotional balance transfer rate for on transfers made between . After that, the APR for the unpaid balance and any new balance transfers will be % to % based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. 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.
Penalty APR and When It Applies None

*Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of credit approval. Not all applicants will qualify for the lowest rate.
Rate and offers current as of and are subject to change. View pricing lists & cardholder agreements.
ƚAccounts approved and issued from will receive a $100 statement credit upon spending $1500 in purchase transactions within 3 months of account opening. Cash advances, credit card checks, and balance transfers do not qualify as purchase transactions. Each account is eligible for 1 statement credit of $100. Please allow 4 weeks after spending $1500 to receive the statement credit.

Promise Visa Cardholders must subscribe to our e-statement service for ALL active credit card accounts held with PenFed. PenFed is not affiliated with or endorsed by Upromise, Inc.

Additional Benefits

no balance transfer fees

No balance transfer fees

no cash advance fees

No cash advance fees

highly awarded card

PenFed's most awarded card

named simplest card in america

Named Simplest Card in America by Credit.com