
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.
- 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.
Interest Rates and Interest Charges | |
---|---|
Annual Percentage Rate (APR) for Purchases and Cash Advances | |
APRs for Balance Transfers | |
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.
Credit card applications completed online will require your agreement to receive application notifications and disclosures electronically.
Additional Benefits
No balance transfer fees
No cash advance fees
PenFed's most awarded card
Named Simplest Card in America by Credit.com