Credit Cards

PenFed Gold Visa® credit card review: One of the lowest purchase APRs in the market

WIth the PenFed Gold Visa® credit card you have the opportunity to reduce and even completely eliminate debt with one of the lowest purchase APRs in the market.

Advertisement

Promotional APR on balance transfers and no annual fee

PenFed Gold Visa®
Read this review to learn everything about the PenFed Gold Visa® credit card. Source: The Post New.

This PenFed Gold Visa® review will show why this credit card is a good option if you want to reduce your APR. They offer one of the lowest APR on all purchases and a 0% intro APR.

  • Credit Score: good/excellent
  • APR: 11.49% to 17.99% Variable APR, 0% introductory rates on balance transfers, 
  • Annual Fee: $0
  • Fees: 3% balance transfer fee on each transfer
  • Welcome bonus: N/A
  • Rewards: N/A
PenFed Gold Visa®

How to get your PenFed Gold Visa® credit card

Apply for the PenFed Gold Visa® credit card and get your debt under control with this card’s low APR on balance transfers and purchases.

Of course, it is not a good idea to carry a balance on your card. Avoid doing that at all costs.

But if it is unavoidable, this card is certainly a good option to have some degree of control over how much interest you pay.

PenFed Gold Visa® credit card: how does it work?

The PenFed Gold Visa® credit card is a card free of annual fees, but it also offers no rewards except for a small welcome bonus.

It also does not charge cash advance fees, although you will incur interest on the amount you withdraw.

It is an especially attractive card if you do not see any way around carrying a balance on purchases. Because of its low APR, you will be paying less interest than you would otherwise with another card.

Again, avoid carrying a balance at all costs. In the long term, this is something that could significantly damage your finances and make it increasingly difficult for you to get out of debt.

New applicants have access to a promotional APR on balance transfers. The card offers a 15-month 0% intro APR period on balance transfers. After that, you get a non-variable APR of 17.99%.

For purchases, the variable APR varies from 11.49% to 17.99%, and balance transfers incur a fee of 3% of the amount of each transaction.

Review of the PenFed Gold Visa® benefits and disadvantages

woman thinking
Should you get the PenFed Gold Visa® credit card? Source: Freepik.

Now that you are familiar with the PenFed Gold Visa® credit card’s ins and outs, how about comparing the pros and cons of this card’s review?

Below we have put together its upsides and downsides for you to decide which carries the greatest importance to you.

Benefits

  • One of the lowest ongoing APRs available
  • $0 annual fee
  • Promotional APR on balance transfers
  • $0 foreign transaction fee

Disadvantages

  • No perks
  • No additional benefits
  • No promotional APR on purchases
  • No rewards

Is a good credit score required from applicants?

The PenFed Gold Visa® credit card requires applicants to have Good to Excellent credit. This means having a credit score of 670 or superior.

Learn how to apply and get a PenFed Gold Visa® credit card

Applying for the PenFed Gold Visa® credit card is a simple and straightforward process that only takes a few minutes. 

If you like this card and would like to apply, we have prepared a step-by-step guide to assist you. Just click the link below, and let’s get this done.

PenFed Gold Visa®

How to get your PenFed Gold Visa® credit card

Apply for the PenFed Gold Visa® credit card and get your debt under control with this card’s low APR on balance transfers and purchases.

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

Trending Topics

content

Earnest Private Student Loan review

Any student looking for a flexible loan should take a look at this Earnest Private Student Loan review. Read this post to learn about it!

Keep Reading
content

What Happens When You Miss a Credit Card Payment?

Find out what happens when you miss a card payment, and learn how to handle credit in a more intelligent way after reading this article.

Keep Reading
content

5 ways to improve your credit score: these tips are life-saving

There are many ways to improve your credit score, but here you'll find some of the easiest tips to do it. Keep reading to get them!

Keep Reading

You may also like

content

United Quest℠ Card review: Up to 100,000 Bonus Points!

Check out this United Quest℠ Card review and learn about this card's high rewards on travel and large welcome bonus!

Keep Reading
content

FNB Personal Loans online application

Learn how the FNB Personal Loans application process works and request the funding you need for your next big purchase.

Keep Reading
content

Bank of America® Unlimited Cash Rewards for Students review

If you are a student looking for cashback rewards, check out this Bank of America® Unlimited Cash Rewards for Students review.

Keep Reading