My Saved Cards
Welcome to My Saved Cards
Save and compare credit cards to find the best fit for you. All you need to do is find cards you like and check the Compare This Card box. When you’re ready to review, click the compare button that appears in this menu.
Offered by: Pentagon Federal Credit Union

PenFed Promise Card

  • You must be a PenFed member to apply. Not yet a member? It's easy to join!
  • You may be eligible through your employment, association membership, and volunteerism, or by becoming a member of one of our nonprofit partner organizations.
  • Absolutely no fees - no annual fee, no foreign transaction fee, no balance transfer fee, no cash advance fee, no late fee, no over credit limit fee, and no penalty fee.
  • 7.49% introductory purchase APR for the first 36 months. After that, the APR will vary with the market based on the Prime Rate, and is currently 9.99% APR.
  • 4.99% APR promotional balance transfer rate for life of balance on transfers made between October 1, 2012, and December 31, 2012.
  • After December 31, the APR for any new balance transfers will vary with the market based on the Prime Rate, and is currently 9.99%.
  • No-fee cash advances carry a 9.99% variable APR.

Average Approved Score Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
Typical Low: N/A
Typical High: N/A
36 months    









* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate

9.99%* Variable

Annual Fee


Late Fee


Cash Advance Fee


Balance Transfer Fee


Saving Details

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost




Interest Savings on Transferred Balance




Interest Savings on New Purchases




Value of Rewards on New Purchases




Value of Bonus Points




Annual & Application Fees






Total Annual Savings




Total Savings over 3 Years


Credit Card Usage Profile

Transfer a Balance
  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: $0
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

Note: Sample data consists of Credit Karma members who hold this card.

Compare Holders of This Card

PenFed Promise Card Cardholder Comparison Coming Soon!

We’re working hard to collect and analyze information about typical cardholders. When we have enough data available, you’ll see charts and statistics about this card, right here on Credit Karma. Check back often for updates!

13 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

It is a good no-frills credit card

The major issue with the card is that the payments made (even from your PenFed available funds) will be held for 10 days on all payments.  They advertise instant payment credit for payments, but the next day it is not avilable and it won't be available until the 10 day float periord.  This means your cleared PenFed funds are tied up for 10 days if you make a payment for the first six months, despite their advertisement.  The float policy was not disclosed until I called customer service to find out why my available credit had been reduced.

Feb 18, 2015
Excellent CU with Excellent CC offers

I am rebuilding my credit with my credit score being in the mid- 600s.

PenFed credit cards are like the holy grail for people at due to the high credit limits and great loan offers they give to good customers.

I knew I was going to be denied anyway but after sending them an email, I cooperated and sent every possible document they would need, they intially approved me with $3,500K limit. Not even the credit union I have been banking with for the past 9 years have been generous to me about loans and credit limits.

It was a matter of honest negotiation about my application and PenFed's VERY CONSIDERATE credit department to give me a chance in establishing my relationship with them and helping me rebuild my credit.

I am posting it here to encourage people. It's a good bank. If you are good to them, they will reward you with excellent products no other banks would offer you.

Thank you PenFed for my Promise Card!!

Dec 02, 2014
Promis Card and Personal Loan Helpful to 1 out of 2 people

I have been a PedFed member for 6 years.  I first got a personal loan through them because of thier low rates.  I then got the Promise card with a 20K limit.  I tried to do a car loan through them but that have a cap on used cars of 70K.  They would have been more than happy to give me a personal loan for the difference but I just went through the dealship and they match PenFed low 1.9% on used.  PenFed has been a pleasure to deal with and has great rates!!

Jul 18, 2014
Scam Helpful to 0 out of 2 people

Never heard of this outfit before. I keep getting demand notices for unpaid balances. Not possible because I haven't borrowed money for fifteen years and pay cash for cars. I don't need credit.

They say they are a member of NCUA. Go to and search them... They don't exist. Try and they don't exist. They.., whomever 'they' are, ARE NOT  a Credit Union. They are not insured. Your account is not insured.

beware of the shill reviews .

Jan 19, 2014
SAY NO TO PENFED GO WITH NAVYFCU!!!!!! Helpful to 2 out of 3 people

For those that say don't bash Penfed if they don't approve you for a card when you have high 700's low 800 fico have issues. I always look for a conservative bank. The purpose of a bank is to hold my money but at the same time I feel if I would like to take advantage of offers I would like to have a bank that lends to good credit applicants. I saw that you could get 5% cash back for gas all the time so I was interested in this account because I currently use my chase and discover for cash back but that cash back is not yearly. So I applied with a 760 Fico I have never been denied for a credit card I have 12 different credit cards all around 10K limits highest at 34K and only one card has a balance of 5000 on my NAVY FCU because they offered 0% for a year so I transferred my auto loan on to my credit card. The application can back instantly denied so of course I called Penfed and told them I just signed up and I wanted this card she pulled my credit history and said well your score is to low. I said I have a credit score higher the 75% of the people in America what do you mean its too low. She said we use a different score model yours might show with the credit score company as a 760 but we show it as a 680. I said I understand sometimes when I apply the score is higher or lower depending on the company I am applying through maybe by 10 15 points but not 80. She told me because you have a balance showing you have perfect history but we don't like to see a a high balance I told her my debt to credit is less than 5% I have a balance of 5K but have available 140K She said we are very picky with lending so I said never mind and canceled my account. Go with NAVY FCU if you would like lending at a great bank I was working on my credit 4 years ago I had a 630 fico pretty good history no bad for about 3 years applied with chase, discover, amex all approved for around 1500 limits with a fico of 630 then I applied for NAVY FCU card approved instantly for 15K and then a 2nd card for 15K I love NAVYFCU and they have 0% balance transfer interest no fee for 1 year specials. Now my CL limit after 3 years is 38K don’t have go with PENFED or USAA Bank both are not lender friendly and horrible rates. FYI for USAA insurance quoted under military discount 115 a month for all 3 of my cars. Compared to Gieco same coverage quoted 78 dollars a month under their military discount program. PENFED and USAA come go done in flames!!!!!!!!!

pauly2221's response was:    

Apr 05, 2013

pauly2221(27, 141)

Top Contributor

See all 13 Reviews of PenFed Promise Card

† Credit Karma estimates your Approval Odds by comparing your credit profile with data about other members who were approved for this product. Though Approval Odds do not guarantee approval, they can show you which products may be a better fit for you.

‡ Average score refers to the arithmetic mean, typical low score to the 5th percentile and typical high score to the 95th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from November 2014 through April 2015. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.