PenFed is now offering a 2.99% balance transfer offer for life on its Visa Platinum Rewards card.

While no other concrete details have been mentioned, PenFed’s current balance transfer offer has a 2.5% fee with a min of $10 and a max of $100.

I was unable to independently confirm the offer, as the customer rep that I reached claimed that details aren’t available until the offer is actually valid, so this is something worth watching. I’ll update this post once more comes out.

Edit 4/1: This deal is confirmed, with the same balance transfer fee as before: 2.5% with a min of $10 and a max of $100. The 2.99% APR is valid for the life of your transferred balances when you transfer them to your Visa Platinum Rewards Card. See the offer here.

Note: for PenFed newbies, membership in the credit union is required in order to apply. See this page for an overview of ways to become eligible.

(Via FW)