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  Navy Federal Platinum Credit Card

Navy Federal Platinum Credit Card

in Personal Credit Cards from Navy Federal Credit Union

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Navy Federal Platinum Credit Card

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in Personal Credit Cards from Navy Federal Credit Union

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Highlights
Highlights
Balance Transfer APR  (Variable APR) 7.49% - 18%
Credit Score Range 700 - 850
Annual Fee $0
Purchase APR  (Variable APR) 7.49% - 18%

Navy Federal Platinum Credit Card Review

Navy Federal Platinum Credit Card is a credit card issued by Navy Federal Credit Union. If you're wondering whether Navy Federal Platinum Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

  • Competitive APRs. Navy Federal Platinum Credit Card has a variable purchase APR of up to 18%.
  • No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • $0 Balance transfer fee. This card does not charge a fee on balance transfers.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, travel assistance, and fraud protection.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Has an introductory APR rate on balance transfers of 1.99%.
  • No balance transfer fee.
  • Multiple credit card perks.
  • No foreign transaction fee.
  • Navy Federal Platinum Credit Card reports to multiple credit bureaus.
  • Offers auto rental collision damage waiver.
  • Extended warranty on purchases.
  • Free access to your credit score.
  • Travel assistance insurance
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.

Is there a Navy Federal Platinum Credit Card cash back or rewards program?

No, Navy Federal Platinum Credit Card does not offer a rewards program.

What are the Navy Federal Platinum Credit Card benefits?

Navy Federal Platinum Credit Card provides the following benefits:

  • Free Credit Score
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Zero fraud liability
  • Cellular Telephone Protection
  • Travel Assistance
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for Navy Federal Platinum Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Navy Federal Platinum Credit Card has lower than average purchase APRs.

Navy Federal Platinum Credit Card has a variable purchase APR that ranges from 7.49% up to 18%. The card has a variable balance transfer APR that ranges from 7.49% up to 18%. It also has a variable cash advance APR that ranges from 9.49% up to 20%. 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 Navy Federal Platinum Credit Card have an introductory APR offer on balance transfers??

Yes, Navy Federal Platinum Credit Card offers an introductory APR rate on balance transfers of 1.99% for a period of up to 12 months.

Navy Federal Platinum Credit Card Balance Transfers
Description
Balance Transfer APR 7.49% - 18%
Balance Transfer Introductory APR 1.99%
Balance Transfer Intro APR Period (months) 12
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period N/A
Balance Transfer Fee Intro Period (days) N/A
Balance Transfer Fee Minimum N/A

Does Navy Federal Platinum Credit Card have an introductory APR offer on new purchases??

This card does offer an introductory APR rate of 1.99% on qualified purchases for a period of up to 12 months.

What are the Navy Federal Platinum Credit Card fees?

The following fees apply to Navy Federal Platinum Credit Card:

Navy Federal Platinum Credit Card Fees
Fees Amount
Annual Fee up to $0
Foreign Transaction Fee 0%
Balance Transfer Fee 0%
Returned Payment Fee up to $20
Late Payment Fee up to $20

Does Navy Federal Platinum Credit Card have a foreign transaction fee?

Navy Federal Platinum Credit Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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

Navy Federal Platinum 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 can help improve your credit score.

How to apply for Navy Federal Platinum Credit Card

  • Visit the Navy Federal Platinum Credit Card website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • 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.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

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...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Introductory Rate 1.99%
Purchase Intro APR Period (Variable APR) 12 months
Cash Advance Fee Minimum $0
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Minimum Cash Advance Fee ($) $0 - $1
Returned Payment Fee Up to $20
Late Fee Amount Up to $20
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Card Type Low Interest
Card Network
  • Mastercard
  • Visa
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Emergency Support  
Fraud Liability  
Extended Warranty  
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Assistance
Free FICO Score  
Rewards Type No Rewards
Cash Advance APR (Variable APR) 9.49% - 20%
Balance Computation average daily balance (including new transactions)
Penalty APR (Variable APR) 18%
Purchase APR (Variable APR) 7.49% - 18%
Balance Transfer Introductory APR (Variable APR) 1.99%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 7.49% - 18%
Balance Transfer Fee % 0%

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