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How Does LendingTree Get Paid?

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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Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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Navy Federal Platinum Credit Card Review

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.
Citi is an advertising partner.

Our take: If you have average credit, the Navy Federal Platinum Credit Card provides a rare opportunity to get a year-long intro APR on balance transfers without paying a balance transfer fee. Just know — you’ll need to be a member of Navy Federal Credit Union to be eligible.

Pros and cons

  • $0 balance transfer fee
  • Intro APR on balance transfers
  • May accept applicants with average credit
  • Low ongoing interest rate
  • $0 foreign transaction fees
  • $0 annual fee
  • Credit union membership required
  • No intro APR on purchases
  • No rewards program

Is the Navy Federal Platinum Credit Card worth it?

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? Or you don’t have the good to excellent credit score that’s often required for a long 0% intro APR on balance transfers? The Navy Federal Platinum Credit Card could be the answer.

Along with a solid intro APR on balance transfers, $0 balance transfer fee and low ongoing APR, the card may accept applicants with fair/good/excellent credit.

But be aware that not everyone can get the Navy Federal Platinum Credit Card. Navy Federal Credit Union membership is required — meaning you’ll need to be a United States military member or have a military connection to be eligible.

How much can you save with this card?
By our calculations, you can save approximately $1,176 on interest charges when you transfer a balance to this card — compared to just $919 for the average balance transfer card.

Quick facts

    • Intro 0.99% APR on balance transfers for 12 months. Applies to balance transfers requested within 60 days of account opening (then 11.24% to 18.00% (variable))
    • After the intro period, a 11.24% 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
  • foreign transaction fees
  • Free access to your FICO® Score
  • Ability to freeze and unfreeze your account
  • Fraud notifications

Intro Purchase APR

N/A

Regular Purchase APR

11.24% 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

11.24% 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

Navy Federal Platinum Credit Card benefits

  • No balance transfer fee

    The Navy Federal Platinum Credit Card has a $0 balance transfer fee — which isn’t common among balance transfer credit cards. In fact, many balance transfer cards charge fees of 3% to 5% of the amount of each transfer. For example, if you transfer a $6,000 balance to a card that charges a 5% balance transfer fee — you’ll be subject to a fee of $300.

  • 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 that, a 11.24% to 18.00% (variable) APR applies.

    This isn’t the longest 0% intro APR period available on a balance transfer card, but it is still a reasonable amount of time.

  • Low regular APR

    If you find yourself unable to pay off your transferred balance before the introductory period ends, this card provides a low regular APR of 11.24% to 18.00% (variable).

    By comparison, the average APR range for 0% balance transfer cards is 18.74% to 27.86% (variable) as of March 2024.

    But keep in mind — it’s best to pay your balance in full each month to avoid falling back into debt.

  • $0 foreign transaction fee

    The Navy Federal Platinum Credit Card has a $0 foreign transaction fee. Some cards, on the other hand, charge foreign transaction fees of up to 3% of the amount of each transaction when you use it to make purchases outside of the U.S.

  • No annual fee

    Along with a $0 balance transfer fee and a $0 foreign transaction fee, this card comes with a $0 annual fee.

Navy Federal Platinum Credit Card drawbacks

  • Military connection required

    To apply for the Navy Federal Platinum Credit Card, you’ll have to join Navy Federal Credit Union. Membership is open to active duty, retired and veteran service members of the Army, Navy, Marine Corps, Air Force, Coast Guard, National Guard and Space Force. Immediate family members, including parents, grandparents, spouses, siblings, grandchildren and household members are also eligible, as well as Department of Defense civilian employees.

  • No intro APR on purchases

    The Navy Federal Platinum Credit Card offers an intro APR period on balance transfers but not purchases. offers an intro APR period on balance transfers, but not on purchases. That said, if you’re planning to transfer a balance, you should avoid making new purchases on the credit card until you’ve paid off your transferred balance in full.

  • No rewards program

    The Navy Federal Platinum Credit Card doesn’t offer rewards for the purchases you make, nor does it have a sign-up bonus. But when transferring existing high-interest debt, it’s best to focus on paying off the entire balance within the interest-free period rather than racking up rewards.

Alternate balance transfer card

Navy Federal Platinum Credit Card vs. 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
19.24% - 29.24% (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, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, 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 credit union membership, it offers a longer intro APR on balance transfers and it has a solid cash back program.

You’ll get a long 0% intro APR for 18 months on Balance Transfers. After that, a 19.24% - 29.24% (Variable) APR applies. And once you pay off your transferred balance, this card is worth keeping around since it lets you 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, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

Similar to the Navy Federal Platinum Credit Card, the Citi Double Cash® Card may accept applicants with fair/good/excellent credit. On the downside, though, you’ll be subject to a balance transfer fee and foreign transaction fees.

Navy Federal Platinum Credit Card vs. Wells Fargo Reflect® Card

| Disclosures
Wells Fargo Reflect® Card*
Wells Fargo Reflect® Card
Learn More
on Wells Fargo's secure site
0% intro APR 21 months from account opening
18.24%, 24.74%, or 29.99% Variable APR
$0
None
  • Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
  • 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 18.24%, 24.74%, or 29.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min $5.
  • $0 Annual Fee.
  • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
  • Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
660 720 850
Good/Excellent
*The information related to the 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

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.


 
If you have good/excellent credit — which FICO considers having a credit score ranging from 670 to 850 — you can get an even longer intro APR on balance transfers with the Wells Fargo Reflect® Card.

The card has a 0% intro APR for 21 months from account opening on qualifying balance transfers. After that, an 18.24%, 24.74%, or 29.99% Variable APR applies. That’s one of the longest intro APR offers currently available.

Like the Navy Federal Platinum Credit Card, the Wells Fargo Reflect® Card doesn’t come with a rewards program. However, it does offer a few valuable benefits, like cellphone protection and roadside dispatch.

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 transferred debt within a year, the Navy Federal Platinum Credit Card is an ideal balance transfer card.

But if you think you’ll need more time to pay off your transferred balance, a card with a longer 0% intro APR, like the Citi Double Cash® Card or Wells Fargo Reflect® Card, will likely be a better fit.

Learn More
on Navy Federal Credit Union's secure site

The information related to the Navy Federal Platinum Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.