PenFed Gold Visa Card Review: 0% Introductory APR on Purchases & Balance Transfers

PenFed Gold Visa Card Summary

• 0% Introductory APR on purchases made the first 15 months after account opening
  • APR for Purchases: 17.99% when you open your account, based on your creditworthiness.
• 0% Balance Transfers Promo APR for 15 months. 3% fee applies to each transaction. Subject to credit approval.
  • APR for Balance Transfers: 0% introductory APR for 15 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%.
• Everyday Low APR on purchases after introductory period ends
• No Fees
• Enhanced Security
• Transfer a Balance
• Discounts
• No Foreign Transaction Fees
• Annual Fee: $0

(Visit PenFed to learn more)

Author’s Verdict

The PenFed Gold Visa® Card is available to anyone in the U.S., even if you don’t qualify for PenFed membership through the military or government. Additionally, if you don’t qualify for a membership through the military or government, you can still qualify by simply joining Voices for America’s Troops or the National Military Family Association for one time cost of about $15. You will also be asked to make a $5 deposit into your savings account to establish your membership.

There are actually better credit card bonuses that are available for the same, if not higher, bonus offer with a smaller spending requirement amount. Choose wisely!

For more options, see our list of the latest credit card bonuses.