Credit Cards (US)
PenFed Gold Visa® card review
You are in the right place if you need a credit card with a low APR for purchases and no annual fee. See our PenFed Gold Visa® card review to learn more!
PenFed Gold Visa® card: no annual fee and a low APR.
PenFed offers the best credit card options for those with relatively high credit scores. For example, the PenFed Gold Visa® card offers a low APR for purchases and a 0% intro APR for balance transfers for 15 months! This is one of the longest intro APR periods in the market. Also, you can earn an excellent welcome bonus as a new cardholder. Therefore, read our PenFed Gold Visa® card review to learn more about this fantastic card.
| Credit Score | Excellent. |
| Annual fee | No annual fee. |
| Regular APR | 7.49% to 17.99% variable APR for purchases. |
| Welcome bonus* | Get a $100 bonus on statement credit if you spend $1,500 in your first 90 days with the card. 0% intro balance transfer APR for 15 months. *Terms apply. |
| Rewards | There is no current rewards program. |
How to apply for the PenFed Gold Visa® card?
Looking for a card with a really low APR for purchases and no annual fee? If so, read our post about the PenFed Gold Visa® card application!
How does the PenFed Gold Visa® card work?
With this PenFed credit card, you can get a $100 welcome bonus offer on statement credit, which is only valid if you spend $1,500 in your first 90 days. Also, as a new cardholder, you can get a 0% intro APR for balance transfers. The intro APR period is of 15 months. Moreover, the APR for purchases is relatively low, and it ranges from 7.49% to 17.99%.
In addition, you can get access to the Zero Liability Policy and ensure that your money is safe in case there are unauthorized purchases on your card. Also, you can enjoy this card’s technological features, such as the tap to pay option. Moreover, you can get all these benefits for no annual fee.
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PenFed Gold Visa® card benefits
This card has amazing benefits for those who hate paying high APR fees. You can get a 0% intro APR period of 15 months for balance transfers. Plus, the variable APR for purchases ranges from 7.49% to 17.99%, which can be very low. However, this card also has some downsides. So, check out our list below of the pros and cons of the PenFed Gold Visa® card!
Pros
- You can use the card’s benefits for no annual fee.
- There is tap to pay technology available.
- You can get a 0% intro APR period of 15 months for balance transfers.
- Relatively low APR for purchases.
Cons
- The card does not offer a regular rewards program.
- You need to have a membership to make the best out of the card’s features.
How good does your credit score need to be?
You need to have a really high credit score to get this PenFed credit card. An excellent credit score would be ideal to qualify. However, remember that the application process might require a credit check, which can harm your score.
How to apply for PenFed Gold Visa® card?
You can easily apply online to get your PenFed Gold credit card. However, you just need to follow some steps to make sure that you get everything right. Therefore, read our post below to know all about how to apply for the PenFed Gold Visa® card!
How to apply for the PenFed Gold Visa® card?
Looking for a card with a really low APR for purchases and no annual fee? If so, read our post about the PenFed Gold Visa® card application!
About the author / Victória Lourenço
Reviewed by / Aline Barbosa
Senior Editor
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