Finest PenFed Credit score Union Credit score Playing cards from 2019

At NerdWallet, we attempt that will help you make monetary selections with confidence. To do that, most or the entire merchandise introduced right here come from our companions. Nevertheless, this doesn’t affect our assessments. Our opinions are ours.

The PenFed Credit score Union, headquartered in Tysons, Va., Makes a speciality of serving members affiliated with the army and their households, though everybody can be part of.

To turn out to be a member, you need to apply and open a PenFed Financial savings Account with a $ 5 deposit. If you don’t thoughts following these extra steps, you might presumably qualify for a bank card providing cash saving options.

The fitting alternative on your portfolio depends upon your consumption habits. Check out our favourite PenFed bank cards.

»MORE: The Finest Credit score Playing cards of the NerdWallet Credit score Unions

Best for touring

American Specific® PenFed Pathfinder Rewards Card

Beneficial credit score rating Particulars

Excessive fee of pay No annual feesIntro APR interval on steadiness transfers No transaction charges overseas
Membership required cannot redeem for money

$ zero
Minimal APR: 12.99%, APR VariableMax: 17.99%, APR VariablePenalty: as much as 17.99%, APR VariableCash Advance: 17.99%, Variable
25,000 factors by spending $ 2,500 in the course of the first 90 days of opening the account
Promotional fee of zero% for 12 months on transfers made now till September 30, 2019
Further info
Earn 25,000 bonus factors by spending $ 2,500 within the first 90 days of opening the account.
APR steadiness switch fee of zero% for 12 months with a steadiness switch price of three% till September 30, 2019. After that, the APR for the excellent steadiness and any new steadiness switch might be included between 12.99% and 17.99%. The APR will fluctuate in keeping with the market primarily based on the prime fee. Topic to credit score approval. When you make the most of this steadiness switch, curiosity might be charged instantly on all purchases made together with your bank card, until you absolutely pay the steadiness of the account, together with steadiness transfers, every month earlier than the date of cost. Cost due date.
Earn 4X factors in your journey purchases by way of the PenFed Honors Benefit program. Earn 3X factors on journey purchases for all different cardholders
Earn 1.5X factors on all different non-travel purchases.
$ 100 annual credit score for air transportation
$ 100 profit on the entrance or pre-check of the TSA at $ 85 each 5 years
No restrict or restrict on rewards. No annual or overseas transaction charges
Chip enabled for added safety
Variable fee as little as 12.99% APR. Charges and presents efficient July 1, 2019 and are topic to alter
Fed insured by the NCUA.

CARD DETAILS:

Rewards:

three factors again per greenback spent on journey purchases (four factors in return for PenFed Honors Benefit members).
1.5 factors again per greenback spent on all different purchases.

Welcome Provide: 25,000 factors by spending $ 2,500 in the course of the first 90 days of opening the account.

Annual fee: $ zero

AVR: Low cost fee of zero% for 12 months on transfers made now till September 30, 2019, then on the present APR of 12.99% – Variable to 17.99%.

Why We Like It:

The PenFed Pathfinder Rewards American Specific® card presents a hard-to-find combo: premium advantages with an annual price of $ zero. Advantages embrace an annual $ 100 airline credit score and a Reimbursement of World Entry or TSA Precheck software charges. The cardboard additionally generates wealthy rewards on journey purchases and an especially excessive fee for all the things else.

DRAWBACKS:

The cardboard doesn’t cost abroad transaction charges, however it’s possible you’ll be upset in case you use it abroad. American Specific will not be as broadly accepted on the planet as Visa and Mastercard.

»MORE: Full Revision of the American Specific® PenFed Pathfinder Rewards Card

Best for the essence

Visa Signature® PenFed Platinum Rewards Card

Beneficial credit score rating Particulars

No annual feesGood money again categoriesNo transaction charges overseas
Membership requiredDoes not trade for moneyIncount inconsistent factors

$ zero
APR: 11.99% – 17.99% Variable APRPenalty APR: As much as 17.99%, Variable
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account.
Promotional fee of zero% for 12 months on transfers made now till September 30, 2019
Further info
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account.
zero% of the TAP steadiness switch fee for 12 months till September 30, 2019. After that, the APR for the excellent steadiness and any new steadiness switch might be between 11.99% and 17.99%. The APR will fluctuate with the market primarily based on the prime fee. Stability switch price of three% per transaction. Topic to credit score approval. When you make the most of this steadiness switch, curiosity might be charged instantly on all purchases made together with your bank card, until you absolutely pay the steadiness of the account, together with steadiness transfers, every month earlier than the date of cost. Cost due date.
Charges and presents efficient July 1, 2019 and topic to alter.
Earn 5 factors on gasoline purchases on the pump. Gasoline purchases for plane and boats don’t obtain money again.
Earn three factors on grocery store purchases
Earn 1 level on all different purchases
No annual price
No transaction charges overseas
No upfront fees
Chip enabled for added safety
Fed insured by the NCUA
Variable fee as little as 11.99% APR

CARD DETAILS:

Rewards:

5 factors per greenback spent on gasoline on the pump.
three factors per greenback spent on purchases in supermarkets.
1 level per greenback on all different purchases.

Welcome Provide: $ 100 bonus after spending $ 1,500 in buy transactions inside 90 days of opening the account.

Annual fee: $ zero

APR: Low cost fee of zero% for 12 months on transfers made now till September 30, 2019, then on the present APR of 11.99% – 17.99% of variable APR.

Why We Like It:

The PenFed Platinum Rewards Platinum Rewards Visa® Card offers you beneficiant rewards within the classes of on a regular basis life that you’re possible to make use of. 5X on gasoline is likely one of the greatest charges you’ll find on this class, incomes it a spot in the most effective NerdWallet gasoline bank cards. There may be additionally no spending restrict in these bonus classes.

DRAWBACKS:

You’ll be able to redeem rewards for merchandise, reward playing cards, and journey solely – refunding will not be an choice. Except journey exchanges, the purpose values ​​are barely decrease than the business commonplace, specifically one penny per level, and you will want a minimal steadiness of 1,000 factors to start out utilizing them. Additionally observe that the 5X again is just for "on the pump" purchases, which signifies that what you purchase at an connected comfort retailer might not be eligible.

»MORE: Full Revision of PenFed Platinum Rewards Visa Signature® Card

Best for all-round rewards

PenFed Energy Money Rewards Visa Signature® Card

Beneficial credit score rating Particulars

Excessive fee of pay No annual charges No transaction charges overseas

$ zero
APR: 11.99% – 17.99% Variable APRPenalty APR: As much as 17.99%, Variable
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account.
Promotional fee of zero% for 12 months on transfers made now till September 30, 2019
Further info
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account.
12% APR steadiness switch fee over 12 months with a three% switch price now as of September 30, 2019. After that, the APR for the excellent steadiness and any new steadiness switch might be between 11.99% and 17.99%. The APR will fluctuate in keeping with the market primarily based on the prime fee. Topic to credit score approval. When you make the most of this steadiness switch, curiosity might be charged instantly on all purchases made together with your bank card, until you absolutely pay the steadiness of the account, together with steadiness transfers, every month earlier than the date of cost. Cost due date.
Charges and presents efficient July 1, 2019 are topic to alter.
1.5% limitless low cost on all purchases
Versatile money redemption choices
No limits, limits or restrictions of classes on rewards
Earn as much as 2% money again due to the PenFed Honors Benefit program
No annual or overseas transaction charges
Chip enabled for added safety
Fed insured by the NCUA
Variable fee as little as 11.99% APR

CARD DETAILS:

Rewards:

1.5% limitless low cost on all purchases (2% low cost for PenFed Honors Benefit members).

Welcome Provide: $ 100 bonus after spending $ 1,500 in buy transactions inside 90 days of opening the account.

Annual fee: $ zero

APR: Low cost fee of zero% for 12 months on transfers made now till September 30, 2019, then on the present APR of 11.99% – 17.99% of variable APR.

Why We Like It:

The PenFed Energy Money Rewards Visa Signature® card presents a 1.5% refund fee on all purchases. You’ll be able to trade funds to acquire a credit score in your assertion or a deposit in an eligible PenFed checking account. With no transaction charges overseas, this bank card is nicely geared up to journey. As a member of the Visa community, it additionally presents broad worldwide acceptance to retailers.

DRAWBACKS:

Different money again bank cards provide extra sensible introductory incentives, equivalent to a better sign-up bonus and an annual launch share fee of zero% for purchases.

Best for folks of low curiosity

Visa® PenFed Promise Card

Beneficial credit score rating Particulars

No late charges No annual feesIntro APR interval on steadiness transfers No transaction charges overseas
No rewardYou want glorious credit score

$ zero
APR: Variable APR from 11.99% to 17.99%
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account
Promotional fee of four.99% for 12 months on transfers made now till September 30, 2019
Further info
$ 100 bonus after spending $ 1,500 on buy transactions inside 90 days of opening the account.
APR steadiness switch fee of four.99% over 12 months with out steadiness switch price till September 30, 2019. After that, the APR for the excellent steadiness and any new steadiness switch might be between 11, 99% and 17.99%. The APR will fluctuate with the market primarily based on the prime fee. Topic to credit score approval. When you make the most of this steadiness switch, curiosity might be charged instantly on all purchases made together with your bank card, until you absolutely pay the steadiness of the account, together with steadiness transfers, every month earlier than the date of cost. Cost due date.
Charges and presents efficient July 1, 2019 are topic to alter.
Completely no charges
No annual price
No late charges
No upfront fees
No transaction charges overseas
Chip enabled for added safety
Fed insured by the NCUA
Variable fee as little as 11.99% APR

CARD DETAILS:

Rewards:

Welcome Provide: $ 100 bonus after spending $ 1,500 in buy transactions inside 90 days of opening the account.

Annual fee: $ zero

APR: Promotional fee of four.99% for 12 months on transfers made now till September 30, 2019, then on the present APR of 11.99% – variable TPA of 17 99%.

Why We Like It:

PenFed Promise Visa® is a straightforward steadiness switch choice that doesn’t require some huge cash. In truth, his lack of a steadiness switch price earned him a spot amongst NerdWallet's greatest bank cards and not using a steadiness switch price. Its low APR present also can prevent cash in case you are likely to have a steadiness. And there’s no APR or late penalties, though paying late can nonetheless have an effect on your credit score rating.

DRAWBACKS:

You’ll not earn any rewards. And whereas this card is a relaxed deleveraging choice, there isn’t a zero% RCA interval. You might be able to save extra money and repay your money owed quicker with a steadiness switch card with all three zeros: $ zero annual price, $ zero steadiness switch price, and as much as $ zero down cost. zero% launch.

»MORE: Revised Pen® Promise Visa® Card

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