PENFED Promise Visa Credit Card

The PENFED Promise Visa Credit Card is a no-frills credit card. Its most notable feature is a lack of frees. It has no fees for cash advances, foreign transactions, late payments, or even returned payments. It also offers virtually no rewards and has no 0% introductory APR on purchases or balance transfers. It does offer a $100 statement credit, but requires you to spend $1,500 on the card in the first 90 days to qualify.

In short, there are much better credit cards available today.

PENFED Promise Visa Credit Card

PENFED Promise Visa Credit Card
  • 4.99% APR promo balance transfer rate for 12 months with no balance transfer fee now through September 30, 2020. After that, the APR for the unpaid balance and any new balance transfers will vary with the market based on Prime Rate. Subject to credit approval.
  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • No annual fee
  • No late fee
  • No cash advance fee
  • No foreign transaction fees
  • Chip enabled for added security


Transaction TypeAPR
Purchase APR12.49% - 17.99% Variable
Penalty APRSee Rates & Fees
Cash Advance APR17.99% Variable


Annual FeeNone
Cash Advance FeeNone
Foreign Transaction FeeNone
Late Payment FeeNone
Returned Payment FeeNone

Intro APR

Introductory Purchase APR
Introductory Balance Transfer APR

4.99% introductory APR for 12 Months.

There is no balance transfer fee.


Signup Bonus

Earn $100 after spending $1,500 in the first 90 months.


We last updated the data in this credit card article on April 4, 2020. Please confirm all terms and conditions with the credit card issuer before applying for any credit card.