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.

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.

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.

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.

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

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.