PenFed Promise Visa Card
in Personal Credit Cards from PenFed Credit Union
Would you recommend PenFed Promise Visa Card to your friends?
| Community Rating |
Rating not yet determined |
| Purchase APR (Variable APR) | 12.49% - 17.99% |
| Balance Transfer APR (Variable APR) | 12.49% - 17.99% |
| Credit Score Range | 640 - 850 |
| Annual Fee | $0 |
PenFed Promise Visa Card Review
PenFed Promise Visa Card is a credit card issued by PenFed Credit Union. If you're wondering whether PenFed Promise Visa Card is the right card for you, read on. This is everything you need to know to make a good choice.
- Signup bonus. Offers a signup bonus of $100 if you spend $1500 within 3 months.
- Competitive APRs. PenFed Promise Visa Card has a variable purchase APR that ranges from 12.49% up to 17.99%.
- No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
- $0 Balance transfer fee. This card does not charge a fee on balance transfers.
- $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
- Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.
| The Good | The Bad |
|---|---|
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Is there a PenFed Promise Visa Card cash back or rewards program?
No, PenFed Promise Visa Card does not offer a rewards program.
What are the PenFed Promise Visa Card benefits?
PenFed Promise Visa Card provides the following benefits:
- ID Theft Protection
- Reports to major credit bureaus
What are the relevant APRs for PenFed Promise Visa Card?
According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. PenFed Promise Visa Card has lower than average purchase APRs.PenFed Promise Visa Card has a variable purchase APR that ranges from 12.49% up to 17.99%. The card has a variable balance transfer APR that ranges from 12.49% up to 17.99%. It also has a variable cash advance APR that ranges from 12.49% up to 17.99%.
Does PenFed Promise Visa Card have an introductory APR offer on balance transfers?
Yes, PenFed Promise Visa Card offers an introductory APR rate on balance transfers of 4.99% for a period of up to 12 months.
| Description | |
|---|---|
| Balance Transfer APR | 12.49% - 17.99% |
| Balance Transfer Introductory APR | 4.99% |
| Balance Transfer Intro APR Period (months) | 12 |
| Balance Transfer Fee % | 0% |
| Balance Transfer Fee % After Intro Period | N/A |
| Balance Transfer Fee Intro Period (days) | N/A |
| Balance Transfer Fee Minimum | N/A |
Does PenFed Promise Visa Card have an introductory APR offer on new purchases?
PenFed Promise Visa Card does not offer an introductory rate on new purchases.| Description | |
|---|---|
| Introductory Rate | N/A |
| Purchase Intro APR Period (months) | N/A |
What are the fees for PenFed Promise Visa Card?
The following fees apply to PenFed Promise Visa Card:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 0% |
| Returned Payment Fee | $0 |
| Late Payment Fee | $0 |
Does PenFed Promise Visa Card have a foreign transaction fee?
PenFed Promise Visa Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.Does PenFed Promise Visa Card report your account activity to credit bureaus?
PenFed Promise Visa Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.
How to apply for PenFed Promise Visa Card
- Visit the PenFed Promise Visa Card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
- If you're denied click here to find out why your application may have been rejected and what you can do about it.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
2930 Eisenhower Avenue
Alexandria, VA 22314 - (800) 247-5626
- Visit Site
Other Services by PenFed Credit Union
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | $0 |
| Cash Advance Fee (%) | 0% |
| Minimum Cash Advance Fee ($) | $0 |
| Foreign Currency Transaction Fee | 0% |
| No Annual Fee | |
| No Foreign Transaction Fee | |
| Annual Fee | $0 |
| Minimum Interest Charge | $0 |
| Over-Limit Fee | $0 |
| No Interest Grace Period for Late Payment | 25 days |
| Returned Payment Fee | $0 |
| Late Fee Amount | $0 |
PenFed Promise Visa Card Community Reviews
Would you recommend PenFed Promise Visa Card to your friends?
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