Advertiser Disclosure

Limited Time: Low Rate and No Fees on Balance Transfers with the PenFed Promise

Balance Transfer Credit Cards, Credit Cards, Low Interest and No Fee Credit Cards
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.

Aw nerds! It looks like this page may be out of date. Please visit NerdWallet’s Best Balance Transfer Credit Cards page for updated info.

The PenFed Promise Visa® Card has long been one of our favorite no fee credit cards, and for a limited time, it’s also a great balance transfer credit card.

The card’s annual fee is $0 and it also has no foreign transaction fees, no cash advance fees, and no balance transfer fees.

Updated April 14th, 2011: PenFed’s extending their 4.99% interest on balance transfer deal until June 30th, and extending the promotion to all their cards. That means that new PenFed customers who apply for the Platinum Cash Rewards, Promise, or the PenFed Premium Travel Rewards Amex can transfer their balance for no fee and with a low APR that holds for the lifetime of the balance.