Our Verdict
The Navy Federal Credit Union Platinum Credit Card could be worth considering for those seeking to tame high-interest credit card debt. The card, issued on either the Visa or the Mastercard network, carries no annual fee or balance transfer fees and comes with 0.99% on balance transfers for 12 months followed by an 11.24%-18.00% variable APR on purchases and balance transfers, offer valid from 7/1/2024 through 1/1/2025 for new cardmembers who sign up within 60 days to transfer their balance. There’s just one catch: You have to be a credit union member to apply.
Pros
- No annual fee
- No balance transfer fees
- No foreign transaction fees
- Low interest rates
Cons
- No promotional interest rate on purchases
- No rewards program
- There are longer promotional APR periods available
Highlights
- No annual fee
- No foreign transaction, cash advance or balance transfer fee
- Zero Liability policy for unauthorized transactions
- 24/7 access to stateside member reps
- Enjoy the ability to freeze and unfreeze your cards
- Gain free access to your FICO® Score
Quick Facts
- No annual fee, balance transfer fees or foreign transaction fees
- Low intro APR offer on balance transfers
- Low ongoing interest rate: 11.24%-18.00% variable
- Doesn’t earn rewards
- Navy Federal Credit Union membership required to apply
Introductory Rates
0.99% on balance transfers for 12 months followed by an 11.24%-18.00% variable APR on purchases and balance transfers, offer valid from 7/1/2024 through 1/1/2025 for new cardmembers who sign up within 60 days to transfer their balance.
Fine Print
Interest Rates
- Regular APR: 11.24%-18.00% variable
- Purchase intro APR: N/A
- Balance transfer intro APR: 0.99% on balance transfers for 12 months followed by an 11.24%-18.00% variable APR, offer valid from 7/1/2024 through 1/1/2025 for new cardmembers who sign up within 60 days to transfer their balance.
Fees
- Annual fee: $0
- Balance transfer fee: None
- Foreign purchase transaction fee: None
Methodology
Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors including:
- Annual fees
- Welcome bonus offers
- Ongoing earning rates
- Value of individual points or miles
- Included travel or merchant credits
- Additional cardholder benefits
Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors come together to provide a star rating for each individual card.
To learn more about our rating and review methodology and editorial process, check out our guide on how Forbes Advisor rates credit cards.
*The information for the following card(s) has been collected independently by Forbes Advisor: U.S. Bank Visa® Platinum Card. The card details on this page have not been reviewed or provided by the card issuer.