Most of you know that Capital One credit cards have no foreign transaction fees, but I haven’t seen Visa or Mastercard without one. Not until I saw the PenFed Promise Visa with no foreign transaction fees. There is also no balance transfer(BT) fee and no cash advance fee, however it’s not 0% APR.
For those that are a little credit card savvy, you can use this no BT fee to your advantage. Lets say you have a 0% 12 months Balance Transfer offer from another issuer. You can balance transfer to the PenFed Promise card, and your credit will be negative. You can do a Cash Advance or write a check from Penfed card and there will be no fees.
From the website:
PenFed upholds an unyielding commitment to bring you quality products with outstanding features. In this spirit, we created the new PenFed Promise Card that dares to combine the freedom of absolutely no fees with one of the lowest rates for purchases in the country!
A unique, smart, no-frills card that offers you exceptional value and PenFed’s proven service. That’s our Promise to you.
Our Promise Card features:
* Absolutely no fees!
* 7.49% APR introductory purchase APR for first 36 months ! After that, the APR will vary with the Prime Rate, and is currently 9.99% APR.
* No-fee cash advances carry a 17.99% APR
The last hurdle is joining PenFed in order to apply for this credit card. You can join PenFed via:
- SAME – Free for high school or college students.
- Complete list – member of military, family member, etc.
- NMFA – one time $20 membership
Quick Free FICO Score and Report
MyFico is giving your credit Score Watch and report Free Trial for thirty days. They will remind you when your free trial is up. The best part is they are making the cancellation extremely easy. Simply visit this MyFico cancellation page so you won’t ever have to pay anything! Once you login, the cancellation is quick with an easy cancellation button. No need to call customer services or dealing with them selling other financial products.
Checking your credit score and report are vital to your financial health. Visit MyFico today to get your free credit score and report.
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