Editor PicksDoes Navy Federal Have Credit Cards

Does Navy Federal Have Credit Cards


How Can I Get A Secured Credit Card

ð?¦ Navy Federal business credit card NO PG? Do they use business credit scores?

The process for obtaining a secured credit card varies, so you’ll want to contact your financial institution to ask about their process. To obtain a secured credit card through Navy Federal, the process is simple. First, open a qualifying Navy Federal savings account if you havent done so already. Then, make a deposit of at least $200 into your savings account. Finally, submit your application for a secured credit card. Once approved, you’ll be issued a card with a credit limit equal to your deposit.

More good newswith Navy Federals nRewards® Secured credit card, youll enjoy a low interest rate and no annual, balance transfer or foreign transaction fees. Youll even earn interest on your initial security deposit. Plus, Navy Federals secured credit card goes the extra mile: for every dollar you spend using the card, you’ll earn one rewards point that you can redeem later for cash back, gift cards or merchandise. Most importantly, Navy Federal reports all major activity to the credit bureaus, allowing you to build your credit history.

What Does Navy Federal Credit Union Offer

As the largest credit union in America, Navy Federal Credit Union offers a host of banking products:

  • Checking accounts

Checking Accounts

Navy Federal has five checking accounts available currently. Each varies slightly, which means the credit union has an account for almost every need. Three of the checking accounts currently earn a 0.05% annual percentage yield except Everyday checking, which earns 0.01% and Flagship checking, which earns between 0.35% and 0.45% APY. Heres a breakdown of each checking option:

Interest dividends are credited monthly to all checking accounts.

Navy Federal Credit Union Checking Accounts
Account Name

Another popular account option through Navy Federal is its certificates, which are comparable to certificates of deposit . There are five CD options available through Navy Federal.

Standard certificate rates are based on both term length and balance amount. Only accounts with a balance of $100,000 or more earn the highest interest rates.

Navy Federal Standard Certificates
  • Motorcycle, boat, and RV loans

How Does A Secured Credit Card Work

If you have credit problems or no credit, a secured credit card from Navy Federal Credit Union can help. Heres how.

    If you have limited experience with credit or had credit problems in the past, you may think youre out of luck when it comes to obtaining a credit card. However, theres a solution: a secured credit card. How does a secured credit card workand how can you get one? Let’s find out.

    Read Also: Should I Join The Army At 30

    How We Picked These Cards

    We chose these Navy Federal Credit Union credit cards by looking at the overall perks compared to the costs for the consumer. None of our picks has an annual fee, so cardholders arent paying any price to access these rewards.

    We also tried to pick cards in categories that would be relevant to current and potential Navy Federal Credit Union members, including active-duty military personnel and their families.

    Is The Navy Federal Credit Union Platinum Card Worth It

    Get up to 30,000 bonus points with Navy Federal cards for ...

    If paying down a transferred balance or maintaining a low APR is one of your top priorities, the Navy Federal Credit Union Platinum cards introductory offer on balance transfers and remarkably low APR make it a smart choice, as its low ongoing APR will be a big help if you arent able to pay off your transferred balance during the introductory period.

    Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners.

    All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the banks website for the most current information.

    Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partners responsibility to ensure all posts or questions are answered.

    As seen on:

    Recommended Reading: How To Get Military Discount On Delta Airlines

    What Are The Interest Rates On Navy Federal Credit Cards

    Limit of one promotional offer at account opening. For all Navy Federal Credit Cards: As of 05/27/2021, rates range from 5.99% APR to 18.00% APR, are based on product type and creditworthiness, and will vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None if performed at a Navy Federal branch or ATM.

    What Credit Score Do You Need To Get A Navy Federal Credit Card

    Most Navy Federal credit cards require a good credit score or an excellent credit score to qualify. The very best Navy Federal cards require a minimum credit score of 700 for approval. Fortunately, there are options for people looking to rebuild their credit score, such as the Navy Federal nRewards Secured Credit Card. Secured credit cards require a cash deposit, which makes them much easier to get for people with a bad credit score- or no credit history. With NFCU secured cards, the deposit is linked to an eligible NFCU savings account or checking account.

    Recommended Reading: Can You Sue The Military For Discrimination

    Re: Navy Federal Secured Card Graduation

    Congrats on your graduation! If you don’t mind me asking, when did your billing cycle close? I was wondering how long the system took to upgrade your card. I have the same card and my 6th statement closed on March 24. I messaged them about upgrading the card, but they said they cannot do manual reviews and it’s up to the system to automatically upgrade the card. Perhaps I need to wait another month to get my deposit back, or maybe it’s just a matter of a couple more days.

    Edit: I didn’t read your first post fully. I see that it closed around the 6th, so it only took 2 days to upgrade. If you don’t mind, what was your Equifax score and did you open new accounts in the past couple months? There’s not a lot of data points on what the system is looking for.

    Navy Federal Platinum Credit Card Review: Great For Balance Transfers And More

    How To Get Navy Federal Credit Card

    The Navy Federal Credit Union Platinum credit card is for members of the credit union only, but that is actually part of the appeal. Navy Federal Credit Union is a members-owned, not-for-profit financial institution whose entire mission is dedicated to serving current and former members of the military and their families. The specific features of the Navy Federal Credit Union Platinum card are tailored towards that mission, making it a great choice for qualifying members.

    Heres what youll see in this credit card review:

  • Who This Card Might Be Best For
  • Recommended Reading: Does Home Depot Give Military Discount

    Who Should Get This Card

    Anyone who qualifies for Navy Federal Credit Union membership and wants a simple, no annual fee cash back card can benefit from owning this card.

    If youre considering this card, keep in mind you have to be a member of the credit union to apply. Eligibility is restricted to those who serve or have served in the military, are civilian personnel with the Department of Defense or are an immediate family member of either.

    Navy Federal Credit Union Cards

    Hi! I have a question. We started out with a secured card with NFCU. They graduated our card to a Cash Rewards with a $2,000 limit. Do they ever automatically increase your credit line? Or do you have to request an increase? Current Fico is 802 according to their website. We pay the card off immediately and use it again. Thank you.

    Don’t Miss: How To Get A Deceased Person’s Military Records

    Why It Could Be Better

    • Must join NFCU to apply for the card, and access is limited learn about NFCU eligibility here
    • No 0% APR for purchases

    A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

    • Intro Balance Transfer APR0% for 12 months
    • Regular Balance Transfer APR5.99% – 18.00% Variable
    • Balance Transfer FeeN/A
    • Returned Payment FeeUp to $20
    • Additional Cards Annual Fee$0
    • Foreign Transaction Fee$0

    If you have another credit card with a balance thats accruing interest, the Navy Federal Credit Union Platinum could help you avoid those pesky interest charges.

    You can move that balance to this card and pay it down while it accrues no interest for a set time. And the best part? Theres no balance transfer fee.

    However, there arent any rewards, so if you can, we suggest pairing it with a rewards credit card for your everyday spending.

    Navy Federal Customer Service

    Navy Federal Credit Card

    Navy Federal members have access to a wide range of support options from the credit union. Phone support is available 24 hours a day, seven days a week, with options for domestic and international callers:

    • Domestic: 888-842-6328
    • International: 703-255-8837

    Other support options include chat, email, mail, and social media channels.

    Navy Federal does give members online and mobile access, which arent options at many credit unions. Members can check balances, make payments, transfer money, and order checks from almost anywhere.

    Recommended Reading: Where Do You Do Basic Training For The Army

    Youre Our First Priorityevery Time

    We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

    So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.


    How To Get The Most Out Of This Card

    Earn 10,000 bonus points when you spend $1,000 within 90 days of account opening . Then, use this card for dining out and for gas to get the bonuses, and then redeem your points for any option that will give you the full value of 1 cent apiece.

    We applaud the low APR of this card, but you should still avoid carrying a balance, especially if youre focused on earning rewards. Even low interest rates wipe out the value of any rewards you accumulate.

    Don’t Miss: Can You Join The Army With Seizures

    Navy Federal Platinum Card Overview

    The Navy Federal Credit Union Platinum credit card is designed specifically for qualifying members who carry a balance on their credit cards. Members can transfer outstanding balances on other cards to the Navy Federal Platinum card with no balance transfer fees whatsoever. Additionally, theres no annual fee on the card, along with no foreign transaction fees or cash advance fees. This means the card can almost serve as a substitute for a no-fee personal loan, along with its other capabilities as a traditional credit card. However, unlike a personal loan, this credit card also carries a number of significant features at no additional cost.

    Extras Perks And Using Points

    $25,000 Navy Federal Credit Card By Getting Pre-Approved!

    This card comes with Visa Signature or World Mastercard perks, which could include cellphone protection, auto and travel insurance protection and/or discounts and upgrades at select rental car agencies, hotels and cruises depending on your credit card network.

    Points never expire and can be redeemed at any time in any amount, but cant be used in conjunction with cash for partial reward redemptions . To use your rewards, log in to your account online and select Rewards. You can use your rewards to book travel through the Navy Federal site, to buy select merchandise and gift cards, or as a statement credit against your card or a deposit to your bank account.

    The information about the Navy Federal Credit Union cashRewards Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

    Recommended Reading: How To Get Military Discount On Verizon App

    How To Find The Best Military Bank Or Credit Union For You

    The best military bank or credit union for you will depend on your individual situation. Many service members open accounts at more than one financial institution, as they often offer no-fee or low-fee accounts. For example, you might choose a checking account with USAA, but apply for an auto loan at Navy Federal Credit Union and a credit card at PenFed.

    To determine the best bank or credit union for you, youll need to look at the terms of each financial product youre considering. Which ones offer the lowest loan rates? Where can you find the best checking account for the fewest fees? While it might be easier to keep all of your accounts at one bank or credit union and stick to a single mobile app to manage everything, you might find better deals on different products with other banks. However, depending on your needs, it may be possible to get everything you need from one particular financial institution.

    Non-military options are also possible, which might be an option if you wont benefit from any of the extra military benefits offered. Online, non-military banks also usually offer higher interest rates for savings accounts.

    What Are The Benefits Of A Secured Credit Card

    If you have no credit or poor credit, a secured credit card enables you to build your credit score. Simply use your card for everyday purchases anywhere credit cards are accepted, and then pay your monthly bill on time. Most financial institutions report the activity on your secured credit card to the major credit bureaus. Its this reporting that allows you to build a strong credit history. Because this reporting is so important for building your credit history, make sure you open a secured credit card with an institution that takes this step.

    Read Also: Can You Be In The Military Without Being A Citizen

    Earning Points & Rewards

    The opportunity to earn 3 points per $1 spent on restaurant purchases is generous for a no-annual-fee cardespecially since you probably dont need stellar credit to qualify for this particular card. If you and your family regularly spend $250 a month on dining out, youll take home at least $90 a year in rewards just for that.

    The 2 points per $1 on gas is less competitive, though still good among cards for just a so-so credit profile. If you usually spend $200 a month on gas, youll still earn $48 worth of rewards annually just from filling up your tank. All other purchases earn 1 point per $1.

    You have unlimited earning potential with this card and, as long as your account is open, you dont have to worry about your points expiring if you decide to save them.

    How To Replace Your Navy Federal Credit Card

    NFCU Checking Line of Credit

    One of the great features of Navy Federal Credit Union credit cards si the ability to replace a lost or stolen card directly at your nearest bank branch. This perk applies at both domestic and international branches, meaning servicemen and women never have to be without the purchasing power that comes from a Navy Fed Visa, Mastercard, or rewards American Express card.

    Recommended Reading: How To Get Lasik In The Military

    Navy Federal Secured Card Graduation

    Hi! We have had a NFCU secured card for 6 months. Our 7th statement just printed and we did not graduate to the regular card. We have a chapter 13 that has been discharged for over a year. However, it will not fall off our reports until December. Has anyone else here been able to have their card graduate with a past bankruptcy on the report? The representative said it will be re-evaluated each time the statement prints. Anyway, I was just wondering if anyone here has a similar experience. Thank you!

    How To Apply For The Navy Federal Credit Union Visa Business Card

    To apply for the Navy Federal Credit Union Visa® Business Card, you must first be an individual NFCU member in good standing. If thats you, proceed with starting your NFCU Business Membership:

  • Go to the NFCU website and find the Business Membership page.
  • Upload your completed PDFs using NFCUs Secured Document Upload.
  • If youd rather sign up in person, visit your local NFCU branch to speak with a representative.

    How long will it take to get my Navy Federal Credit Union Visa® Business Card?

    NFCU typically processes Business Membership applications within three business days. After youre approved for the card, you should receive it in the mail within a few weeks.

    Recommended Reading: Does La Fitness Offer Military Discount

    Can I Settle My Credit Card Debt With Navy Federal Credit Union For Half

    I have approx $27,000 in unsecured credit card debt with navy federal credit union. I work in real estate and thus have extreme swings. I also have $45,000 in student loans which I have learned are not able to be settled or discharged in bankrutpcy. My question is can I settle my navy federal debt for 50%? I have read the credit union in general and Navy Federal in particular is very difficult to work with. Please advise?

    Can i settle debt with navy federal credit union for 50%?


    It is true that settling with a credit union is often not the same, nor sometimes as simple, as setting credit card debt with a national bank. I am not sure what you read about Navy Federal Credit Union, but in my experience NFCU is one of the easier credit unions to work out a settlement with.

    Popular Articles

    Does The Military Offer Pet Insurance

    How Much Does Usaa Pet Insurance Cost ...

    Does Royal Caribbean Have Military Discount

    How Much Is Our Military Discount On Royal Caribbean Cruises ...

    How To Get To The Military

    Where Does Basic Training Take Place ...

    What Branch Of Military Is Right For Me

    The Us Military: A Brief Overview ...

    How To Make A Navy Federal Account

    Transfer And Payment Pro Tips How...

    How To Become A Navy Diver

    How Hard Is It To Become A Navy Aviation Rescue Swimmer ...

    Must read

    You might also likeRELATED
    Recommended to you