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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Navy Federal Platinum Credit Card Review

Updated on:
Content was accurate at the time of publication.
LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.3
Navy Federal Platinum Credit Card
Intro BT APR
0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening
No balance transfer fee
$0 fee to transfer a balance from another credit card.
No annual fee
$0 annual fee to carry the Navy Federal Platinum Credit Card.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Navy Federal Platinum Credit Card best for?

When you’re trying to get rid of credit card debt, a balance transfer card with a 0% intro APR can be a powerful tool. But what if you don’t want to pay the typical 3% to 5% balance transfer fee? While rare, cards with no balance transfer fee exist. The Navy Federal Platinum Credit Card is just such a card.

However, be aware that not everyone can get the Navy Federal Platinum Credit Card. NFCU membership is required, meaning you must be a United States military member or have a military connection to be eligible. More details on those requirements can be found below.

If you are eligible to join or are currently a NFCU member, the Navy Federal Platinum Credit Card allows up to a year of no interest for balance transfers. It’s also unique in that it can be issued as a Mastercard or a Visa and comes with a potentially low ongoing APR.

Navy Federal Platinum Credit Card overview

    • Intro 0.99% APR on balance transfers for 12 months. Applies to balance transfers requested within 60 days of account opening (then 11.99% to 18.00% (variable))
    • After the intro period, a 11.99% to 18.00% (variable) APR applies
    • No balance transfer fee
    • No annual fee
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 600 660 720 850
    Fair / Good / Excellent
  • Rental car collision damage waiver
  • Travel and emergency assistance
  • Free access to your FICO® Score

Intro Purchase APR

N/A

Regular Purchase APR

11.99% to 18.00% (variable)

Intro BT APR

0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening

Regular BT APR

11.99% to 18.00% (variable)

Annual Fee

$0

Cash Advance Fee

None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction.

Foreign Transaction Fee

$0

Balance Transfer Fee

$0

Pros and cons

Pros

  • $0 balance transfer fee
  • 0% intro APR on balance transfers
  • Low ongoing interest rate
  • $0 foreign transaction fee
  • $0 annual fee

Cons

  • No intro APR on purchases
  • Short intro APR period on balance transfers
  • Credit union membership required

What we like about the Navy Federal Platinum Credit Card

  • There's no balance transfer fee

    Cards with no balance transfer fee are relatively rare. Many balance transfer cards charge a balance transfer fee of 3% to 5% of the amount transferred. That can add up — for example, transferring $3,000 with a 5% balance transfer fee means paying an additional $150.

  • Intro APR on balance transfers

    The Navy Federal Platinum Credit Card offers a 0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening, after which a 11.99% to 18.00% (variable) APR applies.

    This isn’t the longest 0% intro APR period available on a balance transfer card, but it is a reasonable amount of time. Combined with the $0 balance transfer fee, having a year of no interest makes this an exceptional balance transfer card.

  • The regular APR is relatively low

    If you’re looking for an ongoing low APR card to revolve a balance from time to time, the Navy Federal Platinum Credit Card offers a very competitive APR of 11.99% to 18.00% (variable).

    Of course, you won’t know if you qualify for the low end of the APR range until you apply, but if you’re credit score is in the excellent range, the odds of getting that low rate could be good,

  • Doesn't charge a foreign transaction fee

    If you travel abroad, you don’t have to worry about being charged an extra fee on every transaction you make. The Navy Federal Platinum Credit Card has a $0 foreign transaction fee.

  • No annual fee

    You won’t have to pay just for keeping the card open, since it has an annual fee of $0.

What to watch out for with the Navy Federal Platinum Credit Card

  • Purchases don't get an intro APR

    The Navy Federal Platinum Credit Card offers an intro APR period on balance transfers but not purchases. If you’re planning a big purchase and need a card with an intro APR on new purchases, check out our list of best 0% APR credit cards for long intro periods instead.

    Any purchases you make on the Navy Federal Platinum Credit Card will accrue interest at the regular purchase APR of 11.99% to 18.00% (variable).

  • Short balance transfer intro period

    While intro APR on balance transfers for a year is good, especially without the fee, it’s not exceptional. It’s possible to get up to 21 months of a 0% intro APR with other balance transfer credit cards. However, those cards charge balance transfer fees. But if you need more time to pay off your transferred debt, a balance transfer fee might be worth it in the long run.

  • Military connection required

    To apply for the Navy Federal Platinum Credit Card, you must join Navy Federal Credit Union. Membership is open to active duty military members, retired military and veterans, family members (including adopted and stepchildren) and United States Department of Defense civilian employees.

Alternate balance transfer card

Compare it with the Citi Double Cash® Card

| Disclosures
Citi Double Cash® Card
Citi Double Cash® Card
apply-now-icon Apply Now
on Citibank's secure site
Rates & Fees
N/A
18.74% - 28.74% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.74% - 28.74%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
600 660 720 850
Fair / Good / Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Citi Double Cash® Card comes with three major advantages compared to the Navy Federal Platinum Credit Card: it doesn’t require membership to apply, it offers a longer 0% intro APR on balance transfers and it has a stellar cash back program, making it worth keeping around after you pay off your balance.

Whereas the Navy Federal Platinum Credit Card requires NFCU membership, anyone can apply for the Citi Double Cash® Card (note that you should have fair / good / excellent credit to have a realistic chance of approval).

The Citi Double Cash® Card offers a longer intro APR of 0% intro apr for 18 months on balance transfers, after which a 18.74% - 28.74% (variable) APR applies.

In addition, the Citi Double Cash® Card lets cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. Once you pay off your transferred balance, the Citi Double Cash® Card is worth keeping in your wallet for everyday purchases. Meanwhile, the Navy Federal Platinum Credit Card is a fairly no-frills card that does not earn rewards.

The caveat, of course, is that with the Citi Double Cash® Card there is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5)

You’ll pay a $0 annual fee for the Citi Double Cash® Card, but beware the 3% foreign transaction fee.

Is the Navy Federal Platinum Credit Card right for you?

If you qualify for membership with Navy Federal Credit Union and are fairly confident you can pay off your debt within a year, the Navy Federal Platinum Credit Card is an ideal balance transfer card.

Thanks to its standout $0 balance transfer fee, you can enjoy the introductory no-interest period without having to pay 3% to 5% of the amount transferred, which is what most balance transfer credit cards will charge. And if you can’t quite pay off your balance before the intro APR period ends, the card has a very reasonable regular APR range.

However, if you can’t qualify for membership or think you’ll need a longer intro APR period, consider a card such as the Citi Double Cash® Card. You’ll pay a little more upfront due to the balance transfer fee, but you’ll have peace of mind that interest charges won’t kick in quite so soon.

The information related to the Navy Federal Platinum Credit Card and Wells Fargo Reflect® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.

The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.