This special promotion is a great opportunity for veterans to apply for a generous cash rewards card that has a highly competitive APR, and absolutely no fees.
Alexandria, VA (PRWEB) December 13, 2012
PenFed (Pentagon Federal Credit Union) announced today that for a limited-time, the credit union’s PenFed Defender American Express® Card eligibility criteria now includes veterans*.
Eligible individuals must be actively serving in the military, the National Guard, and the Reserves; or for a limited-time through March 31, 2013, an honorably discharged veteran of the United States military.
“This special promotion is a great opportunity for veterans to apply for a generous cash rewards card that has a highly competitive APR, and absolutely no fees," said Kevyn Myers, Executive Vice President, Card Services. "We designed the Defender Card to honor those who serve or have served us and we feel that it is one of the best products in the market today.”
The PenFed Defender American Express® Card features cash rewards, no fees, and a low APR, and includes the following benefits:
- 1.5% cash back on every purchase**
- 6.99% introductory purchase APR for the first 60 months. After that, the APR will vary with the Prime Rate, and is currently 9.99% APR.
- Absolutely no fees or penalty pricing
- Cash back is credited automatically as a statement credit to the account each month
- No complicated tiers, caps or limits on the cash rewards cardholders can earn
For more information about PenFed and to apply for the Defender American Express® Card, visit PenFed.org or call 800-732-8268.
About PenFed (Pentagon Federal Credit Union)
Established in 1935, PenFed is one of the largest credit unions in the United States with over a million members and more than $15 billion in assets. PenFed provides an extensive selection of financial products to its members worldwide. Its core membership includes the Department of Defense, Army, Marine Corps, Navy, Air Force, and Coast Guard; Department of Homeland Security personnel, employees or volunteers of the American Red Cross, numerous military associations, and many others. PenFed is federally insured by the National Credit Union Administration and is an equal housing lender.
Disclosures: Rate and offer effective December 1, 2012, and are subject to change. *You must be in an active military service status, a member of the Reserves or National Guard or for a limited time through March 31, 2013, an honorably discharged veteran of the United States Military to apply. 0% promotional APR for six months on purchases of electronics between October 1, 2012 and December 31, 2012, at qualifying retailers. After December 31, 2012, the APR for new electronic purchases will return to the introductory rate of 6.99% for the remaining introductory period. After that, your APR will vary with the market based on the Prime Rate, and is currently 9.99%. No-fee cash advances carry a 9.99% APR and will vary with the market based on the Prime Rate. 4.99% APR promotional balance transfer rate for life of the balance on transfers made between September 1, 2012 and December 31, 2012. After December 31, 2012, the APR for new balance transfers will be 9.99% and will vary with the market based on the Prime Rate. Subject to credit approval. **Cash advances, credit card checks, or balance transfers are excluded from cash rewards. This Credit Card program is issued and administered by PenFed. American Express® is a federally registered service mark of American Express and is used by PenFed pursuant to a license. Federally Insured by NCUA.