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Navy Federal Platinum Credit Card review
Last updated:
Get a low ongoing APR starting from 7.49% variable.
- Get this card if you want to save money on interest payments.
- Pick something else if you want to earn rewards on your purchases.
- Apply with a fair credit score of 580 or higher.
$0
Annual fee
1.99%
Intro purchase APR
for the first 12 months (then 7.49% to 18% variable)
1.99%
Intro balance transfer
for the first 12 months (then 7.49% to 18% variable)
7.49% to 18%
Balance transfer APR (variable)
Details
| Product Name | Navy Federal Platinum Credit Card |
|---|---|
| Annual fee | $0 |
| Purchase APR | 1.99% intro for the first 12 months (then 7.49% to 18% variable) |
| Balance transfer APR | 1.99% intro for the first 12 months (then 7.49% to 18% variable) |
| Balance transfer fee | None |
| Cash advance rate | 9.49% to 20% variable |
| Cash advance fee | None |
| Cash advance fee description | None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. |
| Penalty APR | 18% variable |
| Foreign transaction fee | None |
| Interest free period | Up to 25 days |
| Late payment fee | Up to $20 |
| Returned payment fee | Up to $20 |
Expert review
Review by
Kliment Dukovski
kliment.dukovski@findercrew.comKliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
Expert review
How to apply for the Navy Federal Platinum Credit Card
You must be a Navy Federal Credit Union member before you apply. Once you are, here’s what to do:
- Visit the Navy Federal Credit Union website and sign in to your account.
- Locate the Navy Federal Platinum Credit Card.
- Click Apply and fill out the application form.
- Review the form and submit.
Navy Federal Credit Union membership eligibility
If you belong to any of the following groups, you are eligible for Navy Federal Credit Union membership:
- Active duty, retired or a veteran.
Army, Marine Corps, Navy, Air Force, Coast Guard, Delayed Entry Program (DEP), Air National Guard, DoD reservists and DoD officer candidate/ROTC. - Department of Defence civilians.
DoD civilian employees, US Government employees assigned to DoD installations, DoD contractors, DoD civilian retirees and annuitants. - Family members.
Parents and grandparents, Spouses, Siblings, Children and grandchildren and Household members.
Note: Your NFCU membership is for life. If you ever transition from military to a civilian carrier, keep your NFCU account open. Otherwise, you’ll need to meet the eligibility criteria again.
What credit score do I need?
Increase your chances of approval with a fair credit score of 580 or higher. Having a higher credit score can land you lower interest rates.
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Bottom line
If you have fair credit score and you’re looking for a credit card with low interest rates, the Navy Federal Platinum Credit Card should be on the top of your list. But if you always pay your balance on time or if you have a good credit score or higher, consider other no-annual-fee cards with rewards.