- 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.
5.0 / 5.0 (23 votes)
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Information - Rates - Fees

Intro APR:
Applied Towards:
Intro Period:
36 months*
APR Type:
Annual Fee:
Card Network:
Card Category:
Consumer (Regular)
Card Type:
Eco-Friendly Card
Low Interest Credit Card
No Foreign Transaction Fee Credit Card
Credit Needed:
Grace Period:
25 days*
Min Finance Charge:
Late Payment Fee:
Over Limit Fee:

Balance Transfers

Balance Transfer:
APR on Balance Transfer (%):
Transfer Fee (%):
Transfer Period:
Life of Balance*

Cash Advances

APR on Cash Advances (%):
Cash Advance Fee (%):

Other Fees

Additional Fees
- Returned Payment Fee: None
- Late Payment Fee: None
- Over Credit Limit Fee: None
- Foreign Transaction Fee: None
- Balance Transfer Fee: None


- Absolutely No Fees! Introductory Purchase Rate – 7.49% APR for the first 36 months.
- You must be a Pentagon Federal Credit Union member to apply. Not a member? It's easy to join. You must be a United States Government employee, member of the United States Military and Uniformed Services, employee or volunteer of the American Red Cross, member of the National Military Family Association, or a family member/housemate of a current PenFed member.

Review by

The PenFed Promise Visa Card is a credit card with absolutely no fees. Unlike most other credit cards out there on the market, this Promise card does not have late fees, over credit limit fees, balance transfer fees, foreign transaction fees, or any other fee that credit card issuers will charge. The card is fee free as is stated; however, if you are irresponsible with your Promise card, there are consequences. While you do not have to pay any fees for late payments, if you are late or do not make payments at all, you will receive a warning and PenFed will close your credit account.

Prospective cardholders interested in applying for this credit card must meet certain eligibility requirements that are stated when you apply for membership.


Most attractive:
- Absolutely No Fees!
- Long term introductory
- Low APR for purchases
- No currency transactions fee
Least attractive:
- We can't find any

Rewards & Benefits

Other Benefits:
See Terms and conditions of the offer.
Online Access:

The information provided for PenFed Promise Credit Card is believed to be accurate at the time of evaluation (Mar 4, 2013). We strongly advise visitors to review the terms and conditions to verify accuracy of the information posted prior to applying for the product.