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PenFed Promise Visa Card Review

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The PenFed Promise Visa Card is a no-charge credit card and an APR of 4.99% on balance transfers for the first 12 months (a variable APR of 9.49-17.99%). applies after the outstanding balance and any new balance transfer). No annual fees, overpayment or returned payment fees, balance transfer fees, cash advance fees, or foreign transaction fees are charged to the PenFed Promise Visa Card. The APR for purchases and cash advances is a variable from 9.49 to 17.99 percent.

Best Features

No Fees: The PenFed Promise Visa Card does not charge annual fees, penalties, balance transfers, or cash advances, and there is no penalty. fees for card transactions.

Sign Up Bonus: With the PenFed Promise Visa Card, you receive a $ 100 credit as a sign-up bonus if you make at least $ 1,500 worth of cards. purchases within the first three months following the opening of an account.

Reduced introductory period on balance transfers: New holders of a PenFed Promise Visa card are eligible for an introductory period of 4.99% over 12 months on Balance transfers made within three months of opening an account. After that, a variable APR of 9.49 to 17.99% applies for the outstanding balance and any new balance transfer.

Disadvantages

Reduced introductory period for balance transfers only: The 4.99% introductory offer over 12 months with the PenFed Promise Visa card applies only to transfers of balance, and not to purchases or advances of funds. After that, the APR for the outstanding balance and any new balance transfer will vary from 9.49 to 17.99%. The regular APR for purchases and cash advances varies from 9.49 to 17.99%.

Rewards Program: The PenFed Promise Visa Card does not offer any rewards program.

Advantages of Promised PenFed Visa Card

Holders of a PenFed Promise Visa card receive benefits, including:

  • Toll Free
  • EMV smart card security
  • Replacement of an emergency card

Comparison of other maps

PenFed Visa Promise Card against Chase Slate Credit Card

Annual fee: Neither card charges an annual tax bill.

Rewards: No two cards offer rewards program.

Registration Bonus: The PenFed Promise Visa Card offers new cardholders a $ 100 credit as a sign up bonus to make at least $ 1,500 worth of cards. purchases within three months of opening an account. The Chase Slate Credit Card does not offer new cardholders a signup bonus.

Benefits: PenFed Promise Visa cardholders pay no balance transfer, cash advance, late payment or returned fees and receive the EMV security card and replacement. of the emergency card. Holders of a Chase Slate credit card enjoy benefits such as purchase protection, no penalty APR, Credit Dashboard and a free FICO credit score each month.

PenFed Visa Promise Card against Citi Simplicity Card

Annual fee: None of the two cards have an annual membership fee.

Rewards: No two cards offer rewards program.

Sign Up Bonus: With the PenFed Promise Visa Card, you receive a $ 100 credit as a sign-up bonus if you make $ 1,500 or more. purchases within three months of opening an account. The Citi Simplicity Card does not offer any sign up bonuses.

Benefits: PenFed Promise Visa cardholders pay no balance transfer, cash advance, late payment or returned fees and receive the EMV security card and replacement. of the emergency card. Citi Simplicity cardholders enjoy benefits such as the Citi Price Rewind roadside emergency service and the Citi private pass.


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