The PenFed Promise Visa® Card is a low interest card that comes with absolutely no fees, but also without spending rewards or outstanding benefits.
You won’t incur any annual fee, foreign transaction fees, balance transfer fee, or cash advance fee. You won’t necessarily get everything that comes with other popular balance transfer cards, but you will get a $100 statement credit if you can manage to spend $1,500 in the first 3 months of opening your account.
This card also offers a 4.99% promotional balance transfer APR for 12 months with no balance transfer fee now through March 31, 2020, and then the APR for any unpaid balance or any new balance will be 11.74% to 17.99% Variable based on your creditworthiness, which includes an evaluation of your credit history and the length of your PenFed membership and will vary with the market based on the Prime Rate. This transaction is subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
To apply for this product, you must become a member of PenFed. You can check the membership requirements for PenFed here. PenFed is federally insured by NCUA.