PenFed Credit Cards – Which Credit Card To Get?

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PenFed (Pentagon Federal Credit Union) is the second largest federal credit union in the US andPenFed credit cards are among America’s best in the card industry because of their ultra-low APR rates on both balance transfers and purchases. I personally like PenFed’s credit cards because they have no annual fee and have very low interest rates all year round. All of their cards are geared towards people who are part of the military, as well as to veterans and their families. Even if you aren’t in that category, you can also become a PenFed member when you apply for any of its credit cards.
Here is a list of the 3 best PenFed credit cards along with their standout benefits:
PenFed Visa Platinum Cash Rewards Card. This Visa (NYSE:V) cash back credit card gives you 5% cash back on gas purchases and 0.25% cash back on all your other purchases. From December 31, 2012 until June 30, 2014, you’ll enjoy a low 9.99% APR on purchases. What I really like about this card is that you get your cash back automatically each month as a statement credit, regardless of how small that amount is! No limit on the amout of cash back you can earn, and no spending tiers. No foreign transaction fee. No annual fee.
Read our review of PenFed Visa Platinum Cash Rewards Card here.
PenFed Promise Card. After December 31, 2012, you get a very low intro purchase APR of 7.49% for 36 months. You will also enjoy 4.99% APR on all balances made between January 1, 2013 and March 31, 2013, for the whole life of the balance. This card doesn’t have fees of any kind, which means no balance transfer fee, no foreign transaction fee, no cash advance fee, no late fee and no penalty APR! This card is best for those who wants a no-frills card and are willing to sacrifice rewards programs in exchange for a very low interest rate and no fees of any sort. No annual fee.
Read our review of PenFed Promise Card here.
PenFed Premium Travel Rewards American Express Card. This travel rewards credit card gives you 20,000 bonus points when spending $2,500 in the first 3 months, worth $200 toward airfare. Earn 5 points per dollar spent on airline tickets and 1 point for every other dollar you spend. Low 9.99% APR from December 31, 2012 until June 30, 2014 for new electronic purchases. Enjoy access to airport lounges around the world once you spend $15,000 annually. As this is an American Express (NYSE:AXP) card, you get to enjoy exclusive travel deals and discounts through the American Express Travel Privileges program. 24-hour concierge service. No foreign transaction fees. No annual fee.
source : http://www.dailymarkets.com/creditcards/penfed/