PenFed Gold Visa® Card
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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.
Our Rating
3.6/5.0
Welcome Offer
None
Annual Fee
$0
0% Intro on Purchases
15 months
Reward Rate
No rewards
0% Intro on Balance Transfers
15 months
Editorial Review
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Cell Phone Protection, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 17.99% (V) APR |
| Balance Transfers | 0% Intro APR for 15 months on balance transfers, then 17.99%(V) APR after that. |
| Balance Transfer Fee | 3% per transaction |
| Purchases | 0% Intro APR for 15 months on purchases, then 17.99% (V) APR after that. |
Insurance
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 Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/17/2023 | Equifax | ||
| Approved | 06/20/2023 | Equifax |
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® Double Cash Card
Rating
4.9
Rewards Range
1% to 2%
Annual Fee
$0
Citi® Diamond Preferred® Card
Rating
3.6
Rewards Range
N/A
Annual Fee
$0
Capital One Savor Cash Rewards Credit Card
Rating
4.5
Rewards Range
1% -10%
Annual Fee
$0