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  Navy Federal Credit Union Business Credit Card

Navy Federal Credit Union Business Credit Card

in Business Credit Cards from Navy Federal Credit Union

Unaffiliated

Navy Federal Credit Union Business Credit Card

Unaffiliated

in Business Credit Cards from Navy Federal Credit Union

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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2 users recommend
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0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

Purchase APR  (Variable APR) 5.9% - 18%
Balance Transfer APR  (Variable APR) 5.9% - 13.9%
Credit Score Range 650 - 850
Annual Fee $0

Navy Federal Credit Union Business Credit Card Review

Key Takeaways
  • Competitive APRs. Navy Federal Credit Union Business Credit Card has a variable purchase APR that ranges from 5.9% up to 18%.
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval oods if your credit score is above650.
Pros & Cons of Navy Federal business credit card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Identity Theft Protection.
  • Cardholders can earn rewards on purchases everywhere Navy Federal Credit Union Business Credit Card is accepted.
  • Navy Federal Credit Union Business Credit Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
  • Does not include many credit card benefits.
Navy Federal business credit card FAQ

Who is Navy Federal business credit card designed for?

This is a credit card issued by Navy Federal Credit Union. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 5.9% up to 18%. The card has a variable balance transfer APR that ranges from 5.9% up to 13.9%.

It also has a variable cash advance APR that ranges from 7.9% up to 18%. Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

Navy Federal business credit card Rates & Terms
Purchase APR 5.9% - 18%
Balance Transfer APR 5.9% - 13.9%
Cash Advance APR 7.9% - 18%
Penalty APR 18%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $20.
  • A returned payment fee of up to $20.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

Navy Federal business credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $20
Late Payment Fee up to $20

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Every Purchase

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is info@navyfederal.org.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

Does Navy Federal Credit Union Business Credit Card report your account activity to credit bureaus?

Yes, Navy Federal Credit Union Business Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the Navy Federal Credit Union .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Navy Federal Credit Union

As a not-for-profit credit union, we strive to do what’s right for our membership as a whole, so we can bring real value to each and every member. It’s a matter of integrity and simply the right thing to do. So, you can trust that 24/7/365, we’re focused on your needs. We’re dedicated to fostering financial health and well-being for the military, veterans, their families, and to embracing and celebrating diversity and inclusion in all the communities we serve. Because as a community, we’re stronger together.

Our business credit card comes with more than a great rate, no annual fee and your choice of rewards. It allows you to keep your business and personal financials separate while also tracking and managing your expenses.

Feature Breakdown

Every Purchase (Points) 1
Every Purchase (Points) 1 point per dollar spent
Annual Fee $0
Cash Advance Fee Minimum $0
Minimum Cash Advance Fee ($) Starting at $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $20
Returned Payment Fee Up to $20
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
Rewards Categories
  • Every Purchase
Balance Computation Average Daily Balance (including new purchases)
Cash Advance APR (Variable APR) 7.9% - 18%
Penalty APR (Variable APR) 18%
Purchase APR (Variable APR) 5.9% - 18%
Balance Transfer APR (Variable APR) 5.9% - 13.9%
Card Network
  • Mastercard
  • Visa
Card Type
  • Rewards

Navy Federal Credit Union Business Credit Card Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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