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.

Check out our PenFed Gold Visa® card review. Source: The Mister Finance.
Check out our PenFed Gold Visa® card review. Source: The Mister Finance.

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 ScoreExcellent.
Annual feeNo annual fee.
Regular APR7.49% 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.
RewardsThere is no current rewards program.
PenFed logo

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?

Check out how this PenFed Gold card works! Source: Unsplash
Check out how this PenFed Gold card works! Source: Unsplash

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.

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.

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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!

PenFed Gold Visa® card review

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

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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