PenFed Promise Visa® Card: The “Go-To” Card Choice With No Fees And A Low Purchase APR*


PenFed Announces Promotion of Associate General Counsel

ALEXANDRIA, Va., Oct. 17, 2013—Take financial control today at Pentagon Federal Credit Union (PenFed). If you are looking for  a simple credit card that features no fees, a favorable low introductory APR for purchases and a low rate balance transfer promotional offer, then stop to consider the PenFed Promise Visa® Card.

“The Promise Card really does carry quite an impressive value punch,” said Scott Young, vice president of card services with PenFed. “Given that the PenFed Promise Card has a low interest rate for purchases and the ‘promise’ of absolutely no fees, this credit card is, by far, simply one of the best in the market today.”

Low Purchase APR & No Fees

PenFed Promise Visa® Card

The PenFed Promise Visa® Card.

The Promise Card smartly combines value with simplicity. The Card features a low introductory 7.49% purchase APR for 36 months. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99%.

Additionally, the Promise Card is absolutely free of the standard industry fees that traditionally accompany most cards. This impressive “no-fee” list includes: no late fees, over-limit fees, balance transfer fees, cash advance fees, foreign transaction fees, nor returned check fees.

Special Balance Transfer Offer

Now through December 31, 2013, as an added feature incentive, PenFed Promise cardholders enjoy a 4.99% APR promotional balance transfer rate on all their transfers—for the life of balance and with no balance transfer fee. After that, the APR for any new balance transfers will be 9.99% and will vary with the market based on the Prime Rate. This transaction is subject to credit approval.

Additional balance transfer offers are available on all other PenFed credit cards—learn more by visiting

For more information about PenFed and membership eligibility, visit or call 800.247.5626.

About PenFed
Established in 1935, PenFed is one of the largest credit unions in the country serving over 1.2 million members worldwide; with more than $16 billion in assets. Its longstanding mission has been to provide superior financial services, responsive to members’ needs in a cost effective manner. PenFed offers market leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members’ interests always in mind. Serving a diverse population, there are hundreds of ways to become a PenFed member; including numerous association members and employee groups. PenFed is federally insured by the National Credit Union Administration, does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act, and is an equal housing lender.

*Disclosures: Rates and offers are current as of October 2013, and are subject to change. 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.
Posted in: 2013, News Releases