Visa Platinum Credit Card Balance Transfer
2.99% APR Balance Transfer!*
Save more when you transfer balances from your high rate credit cards.
You'll get a low 2.99% APR for the life of your transferred balances when you transfer them to your Visa Platinum Rewards Card offered by Pentagon Federal Credit Union. Transferring your balances is easy: you can transfer your balance securely online right now by logging on below.
Amazingly, they cap their BT fee as well at $100. That plus the 2.99% for the life of the balance makes this awfully tempting for those with balances elsewhere who are willing to PIF their monthly PenFed charges and pay down the BT...
Does PenFed allow an interest free grace period on purchases even if one revolves a balance (from a BT) on the card? I don't see any reference to (PIFed) monthly charges being exempt from interest in the Email.
That's pretty much the way I thought one would go about it, but I thought you would have to get a gold card. I am surprised they will give you a second rewards card. Better to get a second rewards card - the BT rate is lower.
Just curious - did they really offer you a CL increase in the pre-approvals section, or did you ask them if you could have a CLI instead of one of the pre-app's. I have offers, but not one for a CLI on my rewards card. If I could engineer it I would really like to have a second card for BT purposes, but I'm not asking for anything right now.