Skip to content

What credit score is needed for Navy Federal platinum card

No, this business card does not come with an introductory APR offer for balance transfers. Navy Federal Credit Union Visa Signature cashRewards Card reviews credit limits periodically and you may qualify for an increase in your credit limit based on your credit history and other factors. Cardholders may also request a credit limit review to see if they qualify for increases. The Navy Federal Credit Union Visa Signature cashRewards Card has a simple rewards program with a flat rate of 1.75% cash back for all eligible purchases if you have a direct deposit account at a Navy Federal bank. If you don’t have a direct deposit account, you will earn rewards at a flat rate of 1.5% on all eligible purchases. If you want a card for regular use, however, and typically pay your balance in full each month, it may make sense to get a credit card that offers rewards. With a low interest rate, the Navy Federal Platinum card could be a solid option for people who regularly carry a balance or need a credit card for emergencies.

By clicking “See my odds” you agree to our Terms of Use (including our Prequalification Terms) and Privacy Policy. 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? If you’re using too much of your existing revolving credit, it’s a sign that you may not be able to pay back your debts. To improve your credit utilization, try paying down your balances or applying for a credit limit increase. Secured credit cards can come with high annual fees and additional monthly service or processing fees, so it’s essential to select one that minimizes this extra expense. Credit card options for consumers with bad credit often have excessive processing fees and high annual fees like those that come with the Total Visa.

Navy Federal Credit Union Platinum Credit Card* Vs Us Bank Visa® Platinum Card

No, you need to be a Navy Federal Credit Union member to open a credit card. To become a member, you or one of your family or household members must have ties to the armed forces, DoD, or National Guard. We may be compensated when you click on links from one or more of our advertising partners. Yes, Navy Federal Credit Union will require a personal guarantee for the Navy Federal GO BIZ® Rewards Credit Card and other business lending products. Three- and five-year CDs are offering rates of 5% or more, but don’t expect them to last. Yes, though always be wary before conducting a cash advance, as the interest rate may be higher than your purchase APR.

  • The Navy Federal Credit Union® More Rewards American Express Credit Card works for a variety of needs and is a card Navy Federal recommends for your everyday spending.
  • For more information, see our full review of the BankAmericard credit card.
  • While each card has different features and rewards, the minimum recommended credit score for all of them is 700.
  • See the respective Guide to Benefits for details, as terms and exclusions apply.
  • Many credit card issuers grant a credit limit for the card that is equal to the amount of your security deposit, but some may grant a larger limit depending on your credit history.
  • It offers a host of benefits that accompany already impressive credit cards.

If you do have the wherewithal to pay off your balances more quickly, consider the Bank of America Unlimited Cash Rewards card. This card is the WSJ Buy Side pick for Best Overall Balance Transfer Card. It offers an 18-month 0% APR period, longer than the Navy Federal Card, but charges a 3% balance transfer fee.

Instead, you’ll see recommended credit ranges from the issuers listed next to cards on our site. We’ll use the last four digits of your Social Security number to get your approval odds. Whereas the Navy Federal Platinum Credit Card requires NFCU membership, anyone can apply for the Citi® Double Cash Card (note that you should have excellent/good credit to have a realistic chance of approval). The Navy Federal Credit Union Visa Signature cashRewards Card comes with the option to freeze or unfreeze your account if your card is lost or stolen. You also have the option to set up notifications to get alerts in case suspicious activity is detected on your card. You will not be held liable for any fraudulent transactions on your card.

Meanwhile, the Navy Federal Platinum Credit Card is a fairly no-frills card that does not earn rewards. The Navy Federal Platinum card’s fees are lower than what you can generally expect from a credit card.

Who Is Eligible To Apply For Navy Federal Credit Union Membership?

The Citi Simplicity® Card is one of the most flexible and forgiving cards when you’re paying off debt. If you tend to forget a payment now and then, you won’t have to worry about late fees or getting hit with a penalty APR. These terms usually last for 12 to 18 months, but some cards offer even longer.

  • NFCU also offers a range of other credit cards, checking and savings accounts, personal, auto and student loans, mortgages and more.
  • The card does have its drawbacks, such as no perks, like cash back, miles, points or cash bonuses.
  • No foreign transaction fees is an essential benefit on your cards when you serve in the military.
  • If you know you’ll maintain a balance on your credit card, you’ll want one with a low rate.

The card’s other features don’t provide a lot of value, considering that you can get them with many other credit cards. Also, there’s a very limited rewards program, which can mean leaving money on the table if you regularly pay off your monthly bill in full. Navy Federal offers 24/7 customer service, as is standard for major credit card issuers. You’ll also get access to your FICO credit score, which is a valuable feature to help you monitor your credit.

Even paying an extra $10 a month can save you almost $150 in interest over the life of your balance transfer. 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. So definitely can start with low credit scores and as your scores increase you’ll be able to get the limits up as well. The Navy Federal Credit Union Visa Signature cashRewards Card has a mobile app and an online portal that cardholders can use to make payments, view transactions and manage their accounts. Navy Federal Credit Union Visa Signature cashRewards Card has excellent customer service and cardholders have 24/7 access to customer support. Navy Federal also received the highest customer satisfaction score among all issuers in a J.D Power Customer Satisfaction Survey.

If you’re overwhelmed by debt, that could hurt your credit score and you may have trouble getting approved for a no-interest or low-balance-transfer card. You’ll need to make any balance transfers within the first 60 days of account opening to qualify, but you’ll only need to pay a balance transfer fee of 3% of the amount of each transaction when doing so. While some cards offer no balance transfer fees, the tradeoff is typically a shorter APR period. The BankAmericard® credit card offers one of the best ways to use a balance transfer to knock out some of your credit card debt. You’ll have 21 billing cycles to pay down a transferred balance at 0% introductory interest before the standard APR of 15.74% to 25.74% variable applies. Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category.