If you’re looking for a simple credit card that offers no fees, the PenFed Gold Visa® Card might be a good fit for you! Benefits of this gold card include low APR and low promotional balance transfer APR. Go for the gold today!
The PenFed Gold card doesn’t give ongoing rewards, but it comes with less fees.
Editor’s Note: These PenFed Credit Union credit card promotions are available to members of the Air Force, Army, Coast Guard, Department of Homeland Security, Department of Defense, defense-related companies, Veterans of Foreign Wars, & more.
Members of the National Military Family Association, a non-profit advocacy organization for military families open to civilians, are too, eligible to join. If you’re eligible, become a member today as PenFed Credit Union members also have access to several credit cards with features that match their needs and wants.
PenFed Gold Card Summary
APR | 0% Introductory APR on purchases made the first 15 months after account opening
0% Balance Transfers Promo APR for 15 months. 3% fee applies to each transaction. Subject to credit approval. APR for Purchases: 17.99% when you open your account, based on your creditworthiness. |
Foreign Transaction Fees | No |
Annual Fee | $0 |
(Visit PenFed to learn more about this card)
PenFed Gold Visa Card Eligibility
To apply for a PenFed Gold Visa card, you will need to join PenFed credit union. You will meet one of the following requirements if you:
- are retired, honorably discharged or currently serving the U.S. military.
- are an employee of a qualifying organization.
- belong to a qualifying association or organization.
- are an employee of the U.S. government.
- live or work in an eligible location.
- are a family member or housemate of someone who is eligible.
If you don’t fit into any of the requirements, however, you can join either National Military Family Association or Voices for America’s Troops to qualify. Anyone can join, but minimal fees do apply.
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Bottom Line
To get the PenFed Gold Visa® Card, you must apply and also be a member of the PendFed credit union. Membership is open to members of the military and uniformed services, employees of many different defense related organizations, their family members, as well as members of the same household of an eligible person.
If you don’t qualify, you can still join a qualifying organization for a minimal cost by becoming a member of Voices for America’s Troops for a one time cost of $15.
While this is one of the better credit cards out there right now with no types of fees whatsoever, it falls short being that it does not offer any rewards. You will not be able to earn any points, miles, or cash back with this card because it does not offer any. Additionally, if you’re not already a member of PenFed, you will have to go through the hassle of getting approved and opening an account.
Overall, this is the most beneficial for those who are in the military and/or have members who are active/veterans. Also review our complete list of credit card bonus promotions.
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