Are you an active member of the military personnel, the Reserves, the National Guard, or if your an honourably discharged United State military veteran? You need to consider applying for the PenFed Defender Visa Signature Card.
PenFed Credit Union, headquartered in Tysons, Virginia, specializes in serving military-affiliated members and their families.
This credit option is one of the best cards available from the PenFed Credit Union and is only available to those that have chosen to protect this country.
The APR for purchases and cash advances starts at the low rate of 10.24% and can go as high as 17.99% depending on your creditworthiness (APR is subject to change).
As a matter of fact, when you spend at least $1500 in the first three months you obtained your PenFed Defender Visa Card you will be rewarded with $100 as a bonus.
Not only that, you will enjoy 1.5% cash back on every purchase you make with PenFed reward card. There are absolutely no fees or penalty APR and unlimited cash-back rewards are automatically credited to your account every month. This card is simple and an overall great card so give it a look.
PenFed Defender Visa Signature Card Summary
====> The maximum bonus, for this credit card, is $100, you will get directly to your account when you are qualified. Mainly, if you spend more than $1500 within the first 90-days you get your credit card.
====> Spending Requirement, you only need to spend at least $1500 in purchases in the first 3 months you received PenFed car warranty
====> Your Bonus Worth $100, this is amazing
====> Annual Fee, this card has no annual fee attached to it. You don’t need to worry about the annual fee, it has none
====> Bonus Expiration Date, this makes the credit card stand out. Your bonus has no expiry date attached to it
====> Additional Advice, for convenience, add this card to your virtual wallet with Apple Pay!
PenFed Credit Card Features
This part of the article will focus on the amazing feature of PenFed Defender Visa Signature Credit Card.
====> You will earn a $100 Bonus Statement Credit when you spend at least $1500 within the first 3 months
====> Absolutely no fees attached to PenFed Defender Visa Signature Credit Card
====> Receive 15% cash back on all your purchases as mentioned above
====> Purchase and cash advance APR is as low as 8.99%
====> Chip Enabled for Added Security
====> Card Security Text Alerts
====> No penalty APR
Pros of PenFed Defender Card
====> You will be able to redeem any amount of cash back
====> Cash is automatically credited to account
====> Your cash rewards don’t expire
====> No limit to what you cash back
Cons of PenFed Defender Card
====> You cannot redeem cash for gift cards or other types of rewards
====> You cannot transfer cash to other accounts
PenFed Credit Card Application Requirements
To be eligible for this card, you must meet the following requirements:
====> Applicant must be an active member of the military, the Reserves, the National Guard, or an honourably discharged US military veteran
====> Applicant must have a valid Social Security Number (SSN)
====> Applicant must be 18 years and above
How to Apply for the PenFed Defender Visa Signature Card
This part of the article will run through a complete guide to applying for this credit card. The process is simple, you only need to follow simple steps as stated in the article.
Step 1 ====> You need to visit the official application page of PenFed Defender Visa Signature
Step 2 ====> On the page, locate and click on the green Apply Now to proceed
Step 3 ====> Now select Yes or No to let PenFed know if you are applying with a joint applicant.
Step 4 ====> Once you have chosen an answer, click Join Now to proceed.
Step 5 ====> Here you will need to indicate whether you are an Honorably discharged US Military Veteran, if you are active in the US Military, if you are a Member of the National Guard, or if you are a Member of the Reserves. Click Continue after choosing one of the options.
Step 6 ====> Now you will need to provide your personal details in which include your Names, Birth Date, Email Address, and Phone Number. Proceed by clicking Continue.
Step 7 ====> Now you need to provide other information as required, this information includes your home address, residence status, and your monthly mortgage/rent payment.
The exact data that’s required is as follows: Street address, Apt/Unit/Suite, Zip, City, State, Country, Residence status, Monthly mortgage or rent payment, Years at your home address, and Months at your home address.
Step 8 ====> Now, you need to provide your Employment Status. If you are currently employed, you will need to indicate the number of Years and Months Employed, your Employer/Business Name and Employer/Business Address (including the Zip, City, State and Country). Just below that, enter in your Gross Monthly Income and your Social Security Number
Step 9 ====> If you have any additional income, select Yes and specify the total other monthly income, the Source of other income, and the total monthly accessible income.
Step 10 ====> Now, you need to read through the terms and conditions for this credit card as well as the information provided in the Credit Report Authorization and Credit Card Account Authorization windows. If you are in compliance with PenFed’s terms, check each of the I Agree boxes before proceeding
Step 11 ====> By clicking Continue, you will officially be submitting your application to PenFed for reviewal and, in doing so, you will be complete the application process for this credit card.
PenFed Defender Visa Signature Card Login Process
Before you can use PenFed Defender Visa Signature Card online account, you must set up an online account. This process is very simple and easy to go about. You only need to follow the simple step.
We will go over the major steps, running from activating your card Defender, to signing up for an online account and logging into the online banking system.
Moreover, once you accessed PenFed’s secure banking page, you will find a variety of functions available to assist you with managing your finances.
You will be able to pay your balance, review your purchase history, update your personal information, and perform a variety of other transactions. All in the dashboard of the online account.
Login Guide Process
Step 1 ====> You need to visit the official login page on the website
Step 2 ====> On the page, enter your username or user ID in the space provided and click the login button
Step 3 ====> Now enter your account password and click on the login button to access your online account.
NOTE: If you are accessing your online banking account from a computer that isn’t recognized by PenFed’s systems, you may be required to provide the answer to a security question. If this is the case, supply the answer to your security question in the blank field.
Below that, let PenFed know if you would like to register the computer you are currently using. The following pages will require you to supply your password before you can successfully log into your online account.
PenFed Defender Visa Signature Card Activation Process
Your credit card can be activated through phone call. You need to call 1 800 562 1341 to speak to a customer service representative. Once your card has been activated, you can begin the online account registration process.
How to Apply for a PenFed Personal Loan
There are two ways to apply for a PenFed personal loan. You can complete an application online through its website or apply by phone.
Either way, you can check your rates online with a soft credit pull, but they do not consider it prequalification. Once you apply, there will be a hard pull on your credit, which will temporarily lower your credit score.
The online application is a five-step process
Step 1 ====> You will enter information about the loan you desire, your income, as well as your personal information.
Step 2 ====> Now, you will enter further details about your employment.
Step 3 ====> Then pass through the required disclosures and notices.
Step 4 ====> After that, you will choose your loan funding option.
Step 5 ====> Finally, you will select your repayment option.
After submitting the application, you will be asked to join PenFed Credit Union. To qualify, you must be at least 18 years old and a U.S. citizen or resident alien. You can join PenFed by opening a savings account with a $5 deposit.
Recover or Reset Penfed Credit Card Login Details
Sometimes you may lose your login details for the site, then you need to reset another login password and recover your user name if that is your case.
The system provides means to reset and recover your login details. This process is very simple and easy to go about. You only need to follow a simple guide in the article.
Guide to Retrieve PenFed Card Login Username
Step 1 ====> You need to visit the official login page as mentioned above
Step 2 ====> To retrieve a forgotten user name, click on the Forgot User Name? link found within the login menu on the main page.
Step 3 ====> Now, you need to enter your Social Security Number and click Continue.
Step 4 ====> If your SSN was entered correctly, you will receive an email shortly containing your forgotten user name.
Step 5 ====> You can now follow the link sent to your email and follow the on-screen step to retrieve your username
Guide to Reset PenFed Defender Card Password
This part of the article will guide you reset your password, you only need to follow simple steps.
Step 1 ====> You need to visit the official login page as mentioned above
Step 2 ====> On the page, just below the login button, locate and click on the Forgot Password? link
Step 3 ====> On the following page, click on the green Let’s Get Started! tab to proceed.
Step 4 ====> Follow the on-screen instruction to complete the process of resetting your account password.
PenFed Defender Visa Signature Card Q&A
How can I Get Approved for a PenFed Credit Card?
PenFed credit card approval requirements include good or excellent credit and proof of a steady income. Applicants must also be at least 18 years old and either a U.S. citizen or permanent resident. Applicant must be an active member of the military, the Reserves, the National Guard, or an honourably discharged US military veteran
PenFeds credit requirements for approval vary depending on which card you are applying for. You will need a credit score of 750+ for PenFed’s three consumer cards.
The Gold Visa, Platinum Rewards and Power Cash Rewards. For PenFed co-branded cards like U.S. Army Warrant Officers Association Platinum Rewards and Coast Guard Auxiliary Cash Rewards, a minimum credit score of 700 is required.
Is PenFed a Good Credit Card?
The PenFed Platinum Rewards Visa Signature Card earns generous rewards on everyday categories you are likely to use. The 5X back on gas is among the best rates you can find in that category. It is considered PenFed Defender Visa card as a good credit card.
What Credit Score is Needed for a PenFed Credit Card?
Most PenFed credit cards require an excellent credit score (750+) for approval. A few are also designed for people with good credit (700-749)
How Long does it take PenFed to Approve a Loan?
According to a representative, you may receive immediate approval by phone or online. If PenFed needs to review the application, it may take 24 to 48 hours to get a response. The third option is getting a decline with adverse action, which will include a letter by mail.