ALEXANDRIA, Va. (PRWEB) October 24, 2014
PenFed (Pentagon Federal Credit Union) today revealed that a recently available Transparency Score analysis carried out by MagnifyMoney.com awarded its greatest class, an A+, toward PenFed Promise Visa® Card. The evaluation recognizes the Promise Card to be a leader in ease, transparency, and durability.
Since releasing in-may 2014, Magnifycash.com has actually assessed and graded over 800 balance transfer cards from A to F considering a card’s user friendliness, transparency, and sustainability. The PenFed Promise Visa® Card may be the first Card to meet up with all of the required requirements, which includes: disclosure regarding the interest “upfront” before the client applies, and no “gotcha” charges.
“A web site like MagnifyMoney.com is an amazing resource for card buyers to tap into considering that the web site has got the most useful interest associated with customer in mind,” said Kevyn Myers, executive vice-president and main running officer with PenFed. “From a credit union perspective, having our Promise Card identified by MagnifyMoney.com as an A+ standout, is huge. Especially when you think about the Promise Card ended up being in comparison alongside some of the biggest card brands into the financial banking business.”
MagnifyMoney.com, a fresh, impartial web site that makes it simple for individuals compare financial products and accept personalized guidelines, provides customers a robust resource along with its tailored, side-by-side reviews of banking and credit union items in a free, unbiased and easy-to-navigate interface. With its proprietary Magnify Transparency get, banking and credit card items are graded considering efficiency and cost structure, rendering it easy for customers to quickly evaluate which services and products possess least level of fine print and a lot of consumer-friendly terms.
PenFed Promise Visa® Card
Called the “Simplest Card in America,” by Credit.com early in the day in 2010, the PenFed Promise Visa® Card is exclusive for the reason that permits cardholders to take pleasure from the simple freedom of employing credit cards that carries no fees. Functions feature:
No fees: there’s absolutely no yearly fee; no belated charges, over-limit costs, balance transfer charges, advance loan charges, international transaction charges, or returned check charges.
Minimal 7.49percent APR basic purchase APR for very first three years: Afterwards, the APR vary using Prime Rate, and is currently 9.99percent APR*.
Built in protection: The Card is processor chip allowed, and Verified by Visa and Card safety Text Alerts tend to be services which can be both designed for added safety on purchases.
You must certanly be a part regarding the credit union to try to get the Promise Card. PenFed is known for its suffering commitment to continually produce innovative lending options and solutions that spend less, add value, and additional the financial well being of its users—and its Promise Card is not any different. To learn more thereby applying for the PenFed Promise Visa® Card, visit PenFed.org/PenFed-Promise/.
Established in 1935 since the War Department Credit Union, PenFed is just one of the largest credit unions in the united states, providing 1.3 million people global; with over $ 19 billion in possessions. Its long-standing mission has-been to give exceptional financial solutions in a cost effective fashion, while being responsive to members’ needs. PenFed provides market-leading mortgages, vehicle financial loans, bank cards, examining, and an array of other economic services along with its people’ passions constantly in mind. Offering a diverse populace, PenFed provides various ways in order to become an associate; including numerous association affiliations and staff member teams. PenFed is federally guaranteed because of the NCUA and is an equal housing loan provider. PenFed does company relative to the Federal Fair Housing Law, the Equal Credit Opportunity Act, and is an associate of NAFCU. To find out more about PenFed, call 800-247-5626 or visit PenFed.org.
MagnifyMoney may be the brand-new, unbiased internet site that makes it easy for individuals compare financial loans and receive individualized tips. Previous bankers turned customer advocates Nick Clements and Brian Karimzad take a mission to market transparency and economic empowerment so every customer can make knowledgeable economic decisions. MagnifyMoney.com offers customers a powerful resource using its personalized, side-by-side reviews of financial and credit union services and products in a totally free, impartial and easy-to-navigate user interface. Having its proprietary Magnify Transparency Score, financial and credit card items are graded centered on user friendliness and cost construction, making it quick for customers to quickly evaluate which services and products possess minimum number of fine print and most consumer-friendly terms. MagnifyMoney established in May 2014 and it is headquartered in New York, NY.
*Disclosures: Rates and will be offering tend to be existing since October 2014 and therefore are subject to change. Promise Visa Cardholders must subscribe our e-statement solution for ALL active charge card accounts held with PenFed. Pentagon Federal is certainly not connected to or supported by Upromise, Inc.7.49% APR basic purchase APR for 3 years. After that, the APR for almost any brand new balance transfers will vary using marketplace in line with the Prime Rate, and it is currently 9.99%. The APR for payday loans is 9.99% and will vary utilizing the market in line with the Prime speed.
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