PenFed Credit score Union gives many nice bank cards, and anybody can turn out to be a member of the credit score union. This PenFed Gold Visa® bank card assessment helps you identify if this primary bank card is best for you or if another choice is best.
- No annual payment
- 0% APR on purchases and stability transfers for 15 months
- No rewards
- 17.99% ongoing APR
The PenFed Gold Visa® bank card has many advantages to get pleasure from. Listed here are the principle perks to think about when deciding if it’s best for you.
Many bank cards immediately have annual charges, however the PenFed Gold Visa® bank card doesn’t. You get to get pleasure from all of the perks with out paying an annual payment at any time.
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New cardholders get a 0% buy APR for the primary 15 months. That is not like PenFed’s different bank cards that solely provide the promotional APR on stability transfers.
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New cardholders additionally get entry to a 0% APR on stability transfers for 15 months; nevertheless, they cost 3% of every stability transferred.
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PenFed credit score union members get entry to reductions, together with decrease auto and residential insurance coverage charges and different monetary merchandise. Members additionally get unique promotional gives by way of retail companions.
Whereas retaining a bank card stability is rarely a good suggestion, generally you don’t have any alternative. The continued APR after the introductory interval is simply 17.99%, which for many bank cards is a low APR.
It’s all the time a good suggestion to take a look at the downsides of bank cards to make sure they’re a great match.
Getting rewarded for utilizing your bank card is all the time a pleasant perk, however the PenFed Gold Visa® bank card doesn’t provide rewards. You get the low ongoing APR, however that’s in regards to the extent of the ‘rewards.’
To get the PenFed Gold Visa®, you should be a PenFed credit score union member. Luckily, anybody can be part of. All it takes is offering your info and opening a PenFed financial savings account with at the least $5.
The PenFed Gold Visa® bank card doesn’t provide many different options, akin to journey advantages or mobile phone safety like some bank cards provide. Its fundamental focus is the low introductory and ongoing APR.
Should you carry a stability typically and don’t qualify for a decrease APR bank card, the PenFed Gold Visa® bank card generally is a good choice. Whereas 17.99% is nothing to have fun, it’s decrease than many different bank cards provide.
The PenFed Gold Visa® bank card is only one choice when searching for bank cards with engaging APRs. Listed here are another selections.
The U.S. Financial institution Visa® Platinum bank card gives a 0% promo APR for 21 months on purchases and stability transfers. That’s six months longer than the PenFed Gold Visa® bank card!
The cardboard doesn’t cost an annual payment. It additionally consists of as much as $600 in cellphone safety in case you pay your invoice together with your U.S. Financial institution Visa® Platinum card.
The Citi Double Money® bank card pays money again twice, as soon as whenever you buy one thing and once more whenever you pay your invoice. You earn 1% with every, and it gives a 0% APR for 18 months on stability transfers.
Nevertheless, its ongoing APR ranges from 19.24% to 29.24%. Just like the PenFed Visa®, the cardboard has no annual payment.
The Capital One Quicksilver bank card additionally has no annual payment. New cardholders additionally get an introductory 0% APR for 15 months on purchases and stability transfers. The cardboard pays 1.5% again on all purchases with no restrict. Nevertheless, its ongoing APR ranges from 19.99% to 29.99%.
The PenFed Gold Visa® bank card gives many advantages. Listed here are some widespread questions individuals have about it.
Should you’re searching for a bank card to maintain a stability on, chances are you’ll do nicely with the PenFed Gold Visa® bank card with its decrease APR. It’s greatest to make the most of its 0% intro APR and never carry a stability, however in case you should, it’s decrease than most.
Sadly, the PenFed Gold Visa® bank card doesn’t provide any rewards, so that you don’t get advantages for utilizing it.
Sure, the PenFed Gold Visa® bank card gives an intro APR on purchases and stability transfers. Each APRs are 0%, however there’s a 3% payment for stability transfers, so hold that in thoughts when transferring balances.
Sure, PenFed does a tough credit score pull when figuring out in case you qualify for the PenFed Gold Visa® bank card. This may increasingly barely decrease your credit score rating, however you’ll be able to acquire the factors again with correct bank card use.
Sure, you’ll be able to see in case you pre-qualify for the PenFed Gold Visa® bank card. Simply full the appliance, and also you’ll know in case you’re pre-approved immediately.
You should use the PenFed Gold Visa® bank card wherever Visa® bank cards are accepted, which is nearly all over the place.
Sure, you should utilize your PenFed Gold Visa® bank card for money advances, and also you don’t have to fret about money advance charges as a result of they don’t cost one.
Should you’re searching for a primary bank card with a 0% intro APR and ongoing low APR, the PenFed Gold Visa® bank card is an efficient alternative.
Our PenFed Gold Visa® bank card assessment determines that it’s a good card for emergencies, however you shouldn’t use it for on a regular basis purchases because it doesn’t pay any rewards.