PenFed Credit Union

PenFed Credit Union

in Student Credit Cards from PenFed Credit Union


PenFed Credit Union


in Student Credit Cards from PenFed Credit Union

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Annual Fee $0
Purchase APR (Variable APR) 9.24% - 17.99%
Balance Transfer APR (Variable APR) 9.24% - 17.99%
Credit Score Range N/A


Who is this credit card designed for?

PenFed Credit Union is a credit card issued by PenFed Credit Union, which is based in Tysons, VA. 

A rewards program is included that allows you to convert your purchases into travel, gifts, and other perks. This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR. Note that this card is designed for students. This means students can apply for the card even though they don't have much of a credit history.

What are the relevant APRs?

PenFed Credit Union has a variable purchase APR that ranges from 9.24% up to 17.99%.

The card has a variable balance transfer APR that ranges from 9.24% up to 17.99%.

Note that late payments are subject to an APR of 17.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Is an introductory APR offer available?

Yes, PenFed Credit Union offers an introductory APR rate of 0%.

What are the fees?

The following fees apply to PenFed Credit Union:

  • An initial processing fee of .
  • A late payment penalty of up to $25.
  • There is no overlimit fee
  • There are no foreign transaction fees

Is a rewards program offered?

PenFed Credit Union offers a rewards program to its customers.

Is a signup bonus offered?

PenFed Credit Union doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

PenFed Credit Union doesn't offer a cash loyalty bonus.

What additional benefits are offered?

PenFed Credit Union provides the following benefits:

  • Fraud liability

    SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Feature Breakdown

    Initial Processing Fee $0
    Grace Period for Late Payment (Days) 25
    Over-Limit Fee $0
    Minimum Interest Charge $0
    Annual Fee $0
    Foreign Currency Transaction Fee 0%
    No Annual Fee  
    No Foreign Transaction Fee  
    Returned Payment Fee Starting at $25
    Late Fee Amount $25
    Minimum Age 18
    Customer Type Student
    Fraud Liability  
    All Other Purchases 1x Point
    Every Purchase 3x Points on supermarket purchases, 5x Points on gas purchases at the pump
    Purchase APR (Variable APR) 9.24% - 17.99%
    Penalty APR 17.99%
    Balance Transfer APR (Variable APR) 9.24% - 17.99%
    Introductory Rate 0%

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