PenFed Gold Visa® Card

The PenFed Gold Visa® Card is a bare-bones card designed for people who are either planning a big purchase or want to transfer a balance. There is a 0% introductory offer on both purchases and balance transfers for 15 months. The regular APR is also lower than most major credit cards. However, there are no rewards, no bonus, and not many benefits to this card. Anyone can join PedFed; all you have to do is open a savings account and deposit $5 into it. We dive into the details and your approval odds in this PenFed Gold review.

PenFed Gold Visa

Our Rating


Welcome Offer


Annual Fee


0% Intro on Purchases

15 months

Reward Rate

No rewards

0% Intro on Balance Transfers

15 months

Editorial Review

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsCell Phone Protection, 24/7 customer service
Travel PerksNone


Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR17.99% (V) APR
Balance Transfers0% Intro APR for 15 months on balance transfers, then 17.99%(V) APR after that.
Balance Transfer Fee3% per transaction
Purchases0% Intro APR for 15 months on purchases, then 17.99% (V) APR after that.


Cell Phone Insurance

$1,000 maximum in annual cell phone protection when you pay your monthly wireless bill with your PenFed Card. Certain terms, conditions and exclusions apply.

What Credit Score Is Required to Get the PenFed Gold Visa® Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 649

Average Approved Credit Score: 679

App StatusDateCredit ScoreBureauCredit Limit

Pros & Cons

  • No annual fee
  • No foreign transaction fee
  • 0% intro APR on purchases and balance transfers
  • No welcome bonus
  • No rewards
  • Requires good credit

What Are the Best Alternatives?

Citi<sup>®</sup> Double Cash Card
Citi® Double Cash Card



Rewards Range

1% to 2%

Annual Fee


Citi<sup>®</sup> Diamond Preferred<sup>®</sup> Card
Citi® Diamond Preferred® Card



Rewards Range


Annual Fee


Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card



Rewards Range

1% -10%

Annual Fee


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