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2021 Review: Navy Federal Credit Union Platinum Card

Updated May 14, 2021 | Published Apr 20, 20213 min read

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Navy Federal Credit Union Platinum Card

Min Credit Level Fair
Annual Fee $0
Regular APR 5.99% - 18.00% Variable
At a glance

The Navy Federal Credit Union Platinum Card has an attractive balance transfer offer, including a rare feature — no balance transfer fee. But that’s about all there is to this card. You’ll need to be an NFCU member to apply.

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Our Rating: 3 Out of 5 Stars

Why We Like It

  • Solid intro balance transfer offer: 0% for 12 months, then 5.99% - 18.00% Variable
  • No balance transfer fee
  • No foreign transaction fee
  • No annual fee

Why It Could Be Better

Insider Advice: Getting the Most Out of Your Card

  • Got credit card debt? Use it for balance transfers: This is an excellent card for balance transfers thanks to this special combo: It has a lengthy 0% APR for balance transfers, along with no transfer fee. If you’re struggling with debt on another credit card, you can move it to the NFCU Platinum for free and pay it down over time at no extra cost. Only balance transfers requested in the first 30 days will qualify for the 0% rate.
  • It’s not bad for international travel: Although you won’t earn rewards for travel expenses with this card (or for any other expenses), there are no foreign transaction fees and it’s available as either a Visa or Mastercard, making it a reliable payment method when you’re outside the U.S.
  • Check out your benefits: There aren’t any luxury perks with the NFCU Platinum (you won’t easily confuse it for The Platinum Card® from American Express (Review)). But you do have access to useful protection and insurance benefits, which could save you some money if something goes wrong with a purchase or rental car, or even if you just find a better price. And you can easily keep tabs on one of your credit scores, a nice tool if you’ve been trying to pay down a balance and improve your credit.
Read more 2021’s Best Credit Cards With No Balance Transfer Fees and 0% APR

The Benefits

  • Free FICO credit score: See your FICO Score 9, based on your Equifax credit report, whenever you’d like.
  • Cell Phone Protection: Pay your monthly cell phone bill with the card to get coverage for theft and damage.
  • Price Protection (Mastercard only): Get reimbursed if you find an eligible purchase being sold for less.
  • Purchase Assurance Coverage (Mastercard only): Eligible purchases are covered against damage and theft for 90 days.
  • Extended Warranty (Mastercard only): Eligible manufacturer’s warranties of 12 months or less can be doubled.
  • Airport Concierge (Mastercard only): Get a 15% discount on eligible Meet and Greet airport services, in which an agent escorts you through departure, arrival, and connecting flights.
  • Collision Damage Waiver: Get coverage for theft and damage of rental vehicles, as long as you decline the rental company’s own insurance.
  • Travel and Emergency Assistance: Provides help with medical and legal emergencies, lost luggage, and more
  • Contactless purchases: Tap-to-pay at eligible checkout terminals.

The Terms & Fees

Purchase APR Balance Transfer APR Cash Advance APR
5.99% - 18.00% Variable 0% for 12 months, then 5.99% - 18.00% Variable 2% above your variable APR. This APR will vary with the market based on the U.S. Prime Rate
Annual Fee Foreign Transaction Fee
$0 $0
Balance Transfer Fee Cash Advance Fee
None None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction
Penalty APR Late Fee Returned Payment Fee
18.00% Up to $20 Up to $20

How Do I Apply for the NFCU Platinum Card?

Follow the link below to get started. You’ll need to become a Navy Federal Credit Union member first, which requires having “ties to the armed forces, DoD or National Guard.”

What Credit Scores Do You Need to Get the NFCU Platinum Card?

The NFCU Platinum doesn’t require platinum credit scores — it’s designed for fair credit, like many credit union cards.

Fair credit is usually considered to be a FICO score of 580–669, or a VantageScore of 650–699.

But remember that credit card approval decisions rely on more than just credit scores. Several other factors, like income and monthly debt obligations, can sway the decision one way or another.

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For rates and fees of The Platinum Card® from American Express, please click here.

Written by

Brendan Harkness

Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.

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