Apply before becoming a member.
After your application, we’ll help you:
1. Discover how you’re eligible to become a PenFed member
2. Open a Savings/Share Account and deposit at least $5
Our Lowest-Rate Card
Benefits of this gold card include low APR and low promotional balance transfer APR. Go for the gold today!
INTEREST & FEE INFORMATION »
CREDIT CARD AGREEMENT »
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% 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. A % balance transfer fee applies to each transfer. 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
1. Discover you’re eligible to become a PenFed member
*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.
Cardholders may sign up for free electronic statement notification to avoid paying a $1.00 fee for mailed paper statements.
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.
“Simple, no-frills” card, understand your fees and advantages
Low rates, PenFed is committed to great rates
Easy to use, a perfect straightforward card for everyday use
Safe and secure employing the latest fraud-prevention technology
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