Monday, May 21, 2012

PenFed Credit Card Deal

Hopefully you don’t have any high-interest-rate credit card debt that you don’t pay off every month, but if you do, you might be interested in the balance transfer deal currently being offered by PenFed Credit Union on all of its credit cards. There is no transfer fee, and you pay 4.99% APR for the life of the balances transferred by June 30, 2012. This seems better to me than the typical balance transfer deal where you pay a fee of 3% to 5% on the balance transferred, and then pay 0% on the balance for a limited time (typically one year, but perhaps up to 18 months).