PenFed Announces 4.99% APR Credit Card Balance Transfer Offer that Waives Transfer Fee and Secures Promotion Rate for Life of Balance

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For a limited-time only, PenFed is currently running an attractive 4.99% APR credit card balance transfer offer that waives the transfer fee and secures the promotion rate for the life of the balance. The offer is available on all cards in PenFed’s credit card portfolio.

By waiving the transfer fee and securing the 4.99% APR promotion rate for the life of the balance, this is just one of the many ways that PenFed delivers value back to our member.

April 14, 2011 Alexandria, Va.—In their latest move to separate themselves from the pack, Pentagon Federal Credit Union (PenFed) announced today that for a limited-time only, they are currently running a 4.99% APR credit card balance transfer offer that waives the balance transfer fee and secures the 4.99% APR for the life of the balance.

“It was PenFed’s desire to take the road less traveled with this promotion,” says Ben Scandlen, Vice President Marketing, PenFed. “Many financial institutions are rolling out balance transfer promotions that have a lower rate, but most of these offers include a transfer fee or carry a promotion rate that expires within a year or so. By waiving the transfer fee and securing the 4.99% APR promotion rate for the life of the balance, this is just one of the many ways that PenFed delivers value back to our member.”

PenFed is extending this offer to new and existing PenFed cardholders across all credit card products available in their card portfolio; to include PenFed’s “Best in Class” Platinum Cash Rewards Card, Promise Card, and Premium Travel American Express® Card.

This promotion is scheduled to run from April 1 through June 30, 2011.

For more information about PenFed and to apply for membership, visit http://www.PenFed.org or call 800-247-5626.

About Pentagon Federal Credit Union

PenFed is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Department of Defense, Army, Marine Corps, Navy, Air Force, Coast Guard, and Department of Homeland Security personnel; members of the VFW; employees or volunteers of the American Red Cross, and others in the defense community and their families.

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Amy Doane
Pentagon Federal Credit Union
541.225.6606
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