All ActivityMost RecentMost LikesSolutionsRe: PenFed Credit CardPenFed is the second largest federal credit union in the US. It is appropriate to those who want low rates or no-fee credit card. If you or an immediate member of the family is a member of the United States armed forces of a government contractor, PenFed is supplying the PenFed Promise Visa card. Now, you can dump your bank's charge card for a credit union.