Visa PenFed Gold credit card review – Forbes Advisor

PenFed Gold Visa® card vs. US Bank Visa® Platinum Card

For those looking for a longer introductory APR on balance transfers, US Bank Platinum Visa offers 0% * for 20 billing cycles on balance transfers *, followed by the standard card rate of 14.49% – 24.49% * (Variable). The card also offers 0% * for 20 billing cycles on purchases * and the card is offered at no annual fee and with the added benefit of cell phone damage protection. The balance transfer fees are the same.

The US Bank Platinum Visa has overseas transaction fees, cash advance fees, fees that the PenFed Gold Visa does not have.

PenFed Gold Visa® card vs. Citi® Double Cash Card

The PenFed Gold Visa may have “gold” in the title, but Citi Double Cash is often considered the gold standard for a reason: the card offers unlimited cash back rewards of 2%: 1% when a purchase is made. made and a 1% when the purchase is paid.

Citi Double Cash also offers an introductory 0% for 18 months on balance transfers, followed by the card’s standard APR of 13.99% to 23.99% (variable). The card also charges a balance transfer fee, so for those whose credit allows it, the Citi Double Cash handily wins this match.

PenFed Gold Visa® card vs. Capital One QuicksilverOne Cash Rewards credit card

Advertised as a credit card for fair credit, the Capital One QuicksilverOne requires an annual fee of $ 39, but earns unlimited 1.5% cash back. Almost everything the Capital One card offers is the opposite of the PenFed card. The PenFed card has no annual fee and no rewards. The Capital One card does not have an introductory APR on balance transfers. The PenFed card has a transfer fee, but the Capital One card does not. The Capital One card has a cash advance fee, but the PenFed does not.

Because these two cards are so different, which card is the right one for a given consumer will, of course, depend entirely on the circumstances. An important note: The Capital One QuicksilverOne has a 26.99% (Variable). Don’t carry a balance, but for those who have no choice, it will be much less miserable to receive a statement with the lowest interest rate.

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