The PenFed Gold Visa® Card is ideal for those seeking practical financial benefits. It's perfect for shoppers and travelers, with no annual fees and zero foreign transaction costs. Enjoy an initial interest-free period on purchases, adding flexibility to your spending. Although it doesn't offer an extensive rewards program, its straightforward benefits make it a reliable everyday card. Consider the balance transfer fee, but overall, this card provides a practical, hassle-free solution for handling daily expenses and maintaining straightforward financial management.
PenFed Gold Visa® Card Review
Discover the PenFed Gold Visa® Card: a versatile option with a competitive APR, no annual fee and benefits for travelers. Our review dives into its low rates, perks and overall value for everyday use and financial planning.
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Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30. Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
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Alene Laney
Finance Journalist
Alene Laney is an award-winning personal finance writer with over a decade of experience in media. Her works have been featured on Bankrate, Rocket Mortgage, GoBankingRates and Yahoo! Finance, among others. Laney has a degree in English literature, history from the University of Utah.
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Grace Pilling
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30. Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
![](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_100,b_white/v1630654707/Alene_Laney_26e3c3120c.jpg)
Alene Laney
Finance Journalist
Alene Laney is an award-winning personal finance writer with over a decade of experience in media. Her works have been featured on Bankrate, Rocket Mortgage, GoBankingRates and Yahoo! Finance, among others. Laney has a degree in English literature, history from the University of Utah.
Updated: June 11, 2024
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PenFed Gold Visa® Card Overview
When selecting a credit card, evaluating its features is crucial, as each can significantly influence your financial management and overall user experience.
- Intro APR offer - 0% introductory APR on purchases for the first 15 months, then 17.99% (variable) after that
- Balance transfer fee - 3%
- Regular APR - 17.99% (variable)
- Annual fee - $0
- Welcome offer - None
Important Card Details
In evaluating the features of the PenFed Gold Visa® Card, it's essential to consider each aspect's potential benefits and implications. Each component uniquely impacts the cardholder's financial experience and strategy, from its APR structure to fees and international use.
Fees
In evaluating the features of the PenFed Gold Visa® Card, it's essential to consider each aspect's potential benefits and implications. Each component uniquely impacts the cardholder's financial experience and strategy, from its APR structure to fees and international use.
Intro APR
Introductory offers can be enticing, and the PenFed Gold Visa® Card doesn't disappoint. Providing a 0% APR on purchases for the first 15 months allows you to make substantial purchases and settle them without accumulating interest during this timeframe. This feature can be a real game-changer for those planning significant expenditures in the near future.
Rewards
The PenFed Gold Visa® Card doesn't boast many reward benefits commonly seen with other cards. However, other card perks can offset the lack of rewards, such as its no annual fee and 0% intro APR. While rewards can be enticing, they often come with higher fees or specific spending requirements, so it's worth weighing the pros and cons based on your spending habits.
Other Perks
The absence of foreign transaction fees makes the PenFed Gold Visa® Card a trusty companion for international escapades. It ensures you won't get those unwelcome surprises on your statement after a trip abroad. Also, the card's structure around interest can be an advantage. If you pay your entire balance by the due date, you won't be charged interest on your purchases, which can lead to substantial savings for diligent payers.
How the PenFed Gold Visa® Card Compares
In this side-by-side comparison, we delve into the nuanced differences and unique advantages of two popular credit cards, offering insights to help you determine which aligns best with your financial needs and lifestyle.
How This Card Compares
PenFed Gold Visa® Card
- Intro APR offer - 0% introductory APR on purchases for the first 15 months, then 17.99% (variable) after that
- Balance transfer fee - 3%
- Regular APR - 17.99% (variable)
- Annual fee - $0
- Welcome offer - None
- Best for: Those looking for a cost-saving card with an initial 0% APR period and no annual fees, ideal for managing large purchases or existing debt early on.
Power Cash Rewards Visa Signature® Card
- Intro APR offer - None
- Balance transfer fee - 3%
- Regular APR - 17.99% (variable)
- Annual fee - $0
- Welcome offer - Earn $100 statement credit if you spend $1,500 in the first 90 days
- Best for: Consumers aiming to earn a welcome bonus through initial spending, who value a card with no annual fee and can manage a balance with a standard variable APR.
About Grace Pilling
![Grace Pilling headshot](https://res.cloudinary.com/moneygeek/image/upload/c_scale,q_auto:eco,f_auto,fl_lossy,w_160/v1685042725/G_Pheadshot_1_6bfd7fe269.jpg)
Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.
Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.