Take Financial Control This Summer at PenFed on Low-Rate Credit Card

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Credit Card 1This balance transfer promotional offer is available on all card types featured in PenFed’s credit card portfolio. The offer is available on all balance transfers made between now and September 30, 2013.

July 9, 2013, Alexandria, Va.—This summer at PenFed (Pentagon Federal Credit Union), cardholders can enjoy attractive money-savings opportunities on all their credit card balance transfer transactions. This promotional offer runs now through the end of September 2013, and is available on all PenFed cards for the life of the balance—and features no transfer fee.

“This is a great promotional offer as most financial institutions charge balance transfer fees, which all add up.  We encourage folks to act now as this no balance transfer fee offer is good through the end of September,” said Kevyn Myers, executive vice president of card services with PenFed. “If you have higher-interest rate cards like retail, gas, or other merchant cards, then we encourage you to seriously consider this special summer-savings offer.”

Balance Transfer Promotional Offer & Credit Card Categories

The credit cards in PenFed’s card portfolio that qualify for this limited-time promotional APR are the following:

The PenFed Premium Travel Rewards American Express®, PenFed Platinum Rewards Visa Signature®, and PenFed Platinum Cash Rewards Visa® Cards

PenFed members who carry these cards will be able to conduct a 4.99% promotional APR* on balance transfers made from July 1, 2013 through September 30, 2013, for the life of the balance and no transfer fee. After that, the APR for any new balance transfers will be a variable 9.99% APR and will vary with the market based on the Prime Rate. The fee for balance transfers made after September 30, 2013 will return to 3% (Min. $10 – Max. $250) per transaction. This transaction is subject to credit approval.

PenFed Promise Visa® Card and the PenFed Defender American Express® Card:

Members who carry these PenFed cards will be able to conduct a 4.99% promotional APR* on balance transfers made from July 1, 2013 through September 30, 2013, for the life of the balance and no transfer fee. After that, the APR for any new balance transfers will be a variable 9.99% APR and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.Credit Card 2

PenFed Gold Visa® Card:

PenFed Gold Visa® cardholders will be able to conduct a 4.99% promotional APR* on balance transfers made from July 1, 2013 through September 30, 2013, for the life of the balance and no transfer fee. After September 30, 2013, the APR for any new balance transfers will vary with the market based on the Prime Rate, and is currently 12.49%. The fee for balance transfers made after September 30, 2013 will return to 3% (Min. $10 – Max. $250) per transaction. This transaction is subject to credit approval.

PenFed Classic Visa® and MasterCard® Standard Cards:

Cardholders who carry these PenFed cards will be able to conduct a 4.99% promotional APR* on balance transfers made from July 1, 2013 through September 30, 2013, for the life of the balance and no transfer fee. After September 30, 2013, the APR for any new balance transfers will vary with the market based on the Prime Rate, and is currently 13.99%. The fee for balance transfers made after September 30, 2013 will return to 3% (Min. $10 – Max. $250) per transaction. This transaction is subject to credit approval.

Learn More

For more information about PenFed and their credit card programs, visit PenFed.org or call 800.247.5626. To learn more about their special balance transfer promotional offers, visit PenFed.org./balance-transfer.

About PenFed (Pentagon Federal Credit Union): Established in 1935, PenFed is one of the largest credit unions in the United States with over a million members and more than $15 billion in assets. PenFed provides an extensive selection of financial products to its members worldwide. Its core membership includes the Department of Defense, Army, Marine Corps, Navy, Air Force, and Coast Guard; Department of Homeland Security personnel, employees or volunteers of the American Red Cross, numerous military associations, and many others. PenFed is federally insured by the National Credit Union Administration and is an equal housing lender.

*Disclosures: Rates and offers are current as of July 2013, and are subject to change. PenFed Premium Travel Rewards American Express® Card, PenFed Platinum Rewards Visa Signature® Card, and PenFed Platinum Cash Rewards Visa® Card: Introductory purchase and cash advance APR of 9.99% through June 30, 2014. After that, your APR will vary with the market based on the Prime Rate. The PenFed Premium Travel Rewards American Express® Credit Card program is issued and administered by PenFed. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license. PenFed Promise Visa® Card: 7.49% introductory purchase APR for 36 months. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99%. The APR for cash advances is a variable 9.99%. Your APR will vary with the market based on the Prime Rate. Promise Visa Cardholders must subscribe to our e-statement service for ALL active credit card accounts held with PenFed. Pentagon Federal is not affiliated with or endorsed by Promise, Inc. PenFed Gold Visa® Card: APR for purchases and cash advances is 12.49% and will vary with the market based on the Prime Rate. PenFed Classic Visa® and MasterCard® Standard Cards: APR for purchases and cash advances is 13.99% and will vary with the market based on the Prime Rate. PenFed Defender American Express® Card: 6.99% introductory purchase APR for 60 months. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99% APR. The APR for cash advances is a variable 9.99%. Your APR will vary with the market based on the Prime Rate. Must be in military service; the National Guard, the Reserves, or an honorably discharged veteran of the United States military to apply. The PenFed Defender American Express® Credit Card program is issued and administered by PenFed. American Express® is a federally registered Service mark of American Express® and is used by PenFed pursuant to a license.

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Posted in: 2013, Press Releases

Media Contact

Amy Doane
Direct: 541-225-6606
E-mail: MediaRelations@PenFed.org

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