PenFed Promise Card

Sorry, this offer is no longer available on Credit Karma.
  • 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.
Annual Fee:
$0
Purchase Intro APR:
7.49%* Variable
(36 months) Variable
Purchase Regular APR:
9.99%*
Variable
Balance Transfer Intro APR:
4.99%* Variable
Variable
Balance Transfer Regular APR:
9.99%*
Variable

Details, Rates & Fees

Click here for Additional Details

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* 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.

Cash Advance Rate 9.99%* Variable
Cash Advance Fee $0
Late Fee $0
Penalty APR See Terms
Balance Transfer Fee $0
Foreign Transaction Fee $0
Return Payment Fee See Terms

Cardholders' 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 Helpful Positive Review
alexferrari
PENFED Promise excellent Credit Card
by alexferrari
Helpful to 4 out of 4

The application was easy, customer service always frendly and willing to help, they always offer balance transfer fo 4.99%  without balance transfer fee.

Not aware of credit card that offers 4.99% (not an introdutory rate)

 

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 Helpful Review
alexferrari
PENFED Promise excellent Credit Card
by alexferrari
Helpful to 4 out of 4

The application was easy, customer service always frendly and willing to help, they always offer balance transfer fo 4.99%  without balance transfer fee.

Not aware of credit card that offers 4.99% (not an introdutory rate)

 


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† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.

‡ 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 February 2017 through July 2017. 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.

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