Navy Federal Credit Union Platinum Credit Card Reviews: Is It Worth It? (2024)Reviews, rates, fees, and customer service info for The Navy Federal Credit Union Platinum Credit Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo membership fees0.99% intro APR on balance transfersNo balance transfer feeNo foreign feeNo rewardsNo initial rewards bonusNo intro APR on purchasesRequires good/excellent credit
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Navy Federal Platinum Credit Card has a rating of 4.1/5 according to our proprietary credit card rating system. This rating reflects how appealing Navy Federal Platinum Credit Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Lower Cost of Existing Debt'. To break it down further, Navy Federal Platinum Credit Card earned a score of 5.0/5 for Fees, 4.4/5 for Cost, 3.5/5 for APR, and 4.7/5 for User Reviews. Info about the Navy Federal Credit Union Platinum Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
4.7/5
153 reviewsRead and write reviews
Market Comparison
Market Comparison
4.0
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Lower Cost of Existing Debt” for this card.
Fees
5.0
Cost
4.4
APR
3.5
4.0/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit
Navy Federal Platinum Credit Card Annual Fee
$0
Navy Federal Platinum Credit Card APR on Purchases
11.24% - 18% (V)
Navy Federal Platinum Credit Card Balance Transfer
0.99% intro APR for 12 months, 11.24% - 18% (V) APR after that
Balance Transfer Fee:$0
Navy Federal Platinum Credit Card's Additional Info
0.99% introductory APR applies on balance transfers requested within 60 days of account opening
No Cash Advance fee if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction.
Zero Liability policy for reported unauthorized transactions and Fraud notifications.
Collision Damage Waiver.
Travel and Emergency Assistance.
Ability to freeze and unfreeze your cards.
To be eligible to apply for the card, you must fall into one of the following categories: Active Duty, Retired & Veterans, Immediate family members or household member of a service member, DoD civilian personnel who support the armed forces, existing member and a parent, grandparent, or guardian of a minor.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
User Reviews
4.7
Market Comparison
4.0
fees: 5.0
cost: 4.4
APR: 3.5
3.1WalletHub Rating
WalletHub Rating
3.1
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Lower Cost of Existing Debt." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
2.0
User Reviews
3.6
Market Comparison
3.3
fees: 5.0
cost: 2.6
APR: 3.8
4.2WalletHub Rating
WalletHub Rating
4.2
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
4.5
User Reviews
3.5
Market Comparison
4.2
fees: 5.0
rewards: 5.0
cost: 4.3
APR: 3.8
(153)
(554)
(5,125)
annual fee$0
annual fee$0
annual fee$0
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Purchase Intro APR0% for 15 months
transfer intro apr0.99% for 12 months|Transfer Fee:$0
transfer intro apr0% for 15 months|Transfer Fee:5%
transfer intro apr0% for 15 months|Transfer Fee:3% for the first 15 months, 4% at a promo APR that Capital One may offer you at any other time
Can't find what you are looking for? Submit your question about Navy Federal Credit Union Platinum Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
The Navy Federal Platinum Credit Card credit limit is between $500 and $50,000. Everyone who gets approved for the Navy Federal Platinum Credit Card is guaranteed a credit limit of at least $500, but the higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
The Navy Federal Platinum Credit Card credit limit that you start with isn't necessarily your credit line forever. You can ask to get a credit limit increase either online, or by calling the Navy Federal Credit Union service number on the back of your card. But it's best not to do that more than once a year as requests for credit limit increases trigger hard inquiries on your credit report.
The Navy Federal Platinum Credit Card's cash advance APR is 13.24% - 18% (V). In addition to this, you'll also be charged a $0.5 cash advance fee when you perform a cash advance at an ATM or bank that isn't affiliated with Navy Federal. Navy Federal Credit Union cash advances, on the other hand, don't have a fee.
That said, cash advances can be quite expensive. Instead of doing one, use your card to pay for your purchases wherever you can....
The Navy Federal Platinum Credit Card's 0% balance transfer APR is 0.99% for 12 months for transfers requested within 60 days of account opening. After the interest free period ends, the normal interest rate of 11.24% - 18% (V) will be applied to your remaining balance. The card has a $0 balance transfer fee.
It's also worth noting that the Navy Federal Platinum Credit Card has a $0 annual fee and requires at least Good credit for good odds of approval.
Having the required credit score won't guarantee you'll be approved for it, though. Your income and any existing debts are just as important factors, and Navy Federal will take them all into consideration when looking at your application. Also keep in mind that you cannot apply for the Navy Federal Platinum Credit Card without a Navy Federal Credit Union membership.
Navy Federal Credit Union pulls their applicants' reports from TransUnion or Equifax; sometimes, from both. You can check your TransUnion credit report right here on WalletHub, and it's completely free!
You can keep your account in good standing by paying your minimum amount due each month. However, for the portion of your balance that remains unpaid, you'll be charged interest. To avoid interest charges on your Navy Federal Platinum Credit Card, always pay back what you owe in full.
Yes, the Navy Federal Platinum Credit Card reports your activity to the major credit bureaus TransUnion, Experian, and Equifax on a monthly basis. This can help you improve your credit score over time, as long as you remember to pay it before the due date.
1
0
2024 WalletHub Awards
Navy Federal Credit Union Platinum Credit Card is an Editor's Pick for:
Share your insights and review for the Navy Federal Credit Union Platinum Credit Card
5
87%
4
2%
3
8%
2
3%
1
0%
4.7
153 reviews
153 reviews
What's Your Rating?
Most Recent
Most RecentMost Useful
Review sort
churichrd @churichrd
Report Abuse
2 Star Rating
Verified Customer
The card offers decently low rates, but doesn’t earn rewards. Additionally, CLI requires a hard pull! I would only recommend this card if you need to hold a balance for a few months and don’t want to get swallowed by interest.
show more
show less
Comment
0
0
beasleymichael37 @beasleymichael37
Report Abuse
5 Star Rating
Verified Customer
Absolutely the best out there. The customer service is second to none. All of my financial business will be conducted through NFCU until the day of my demise.
show more
show less
Comment
0
0
brian @balmelia69
Report Abuse
5 Star Rating
Verified Customer
I recently got a NFCU Platinum card 25k CLI 11% APR with my horrible 563 credit score. Leaving USAA for Navy Federal has been the best decision ive made in the last 10 years easy.
show more
show less
Comment
0
0
Ken R @ken1112658
Report Abuse
5 Star Rating
Verified Customer
I also have NFCU Platinum card, $18k @ 5.99%, $7k cash advance limit. NFCU cash rewards MasterCard $25k @ 9.65% + $8k cash advance limit... Since I have direct deposit @ NFCU, now get 1.75% cash back on any, AND ALL purchases when using my Navy cash rewards card ( Used to be 1.5% ) All my main accounts are with Navy. NFCU is by far the Best CU. Their customer service is TOP NOTCH. Navy HANDS DOWN, beats USAA, & nearly every other CU out there with dividends, credit card rates. Although I refi'd my truck through USAA, I should have did it with Navy, because they offered an additional $200 bonus if I refi'd with them... Oh well, I was still happy @ 3.99% on my truck... Go Navy Fed and USAA !!! My credit scores are 800+ steady over the last 5+ years.
show more
show less
Comment
1
0
Harold @haroldj_31
Report Abuse
5 Star Rating
Verified Customer
0% for 12 months, high credit limit, complimentary credit score, good app, online chat and good customer service and overall very good CU.
show more
show less
Comment
0
0
Simon @simonv_4
Report Abuse
5 Star Rating
Verified Customer
Great card with low APR and zero annual fee based on credit worthiness. I have been using it for more than a year now. I rely on it for every major purchase I make. I will definitely recommend this card to anybody.
show more
show less
Comment
1
0
Mark @markn_60
Report Abuse
5 Star Rating
Verified Customer
I keep a balance on my card to show I am using it. I pay more than my minimum payment. Every 3 or 4 months I pay the whole balance. The credit available will increase every 5 months long as you're making payments.
show more
show less
Comment
1
0
Gregory @gregoryp_128
Report Abuse
5 Star Rating
Verified Customer
Navy is one of my favorites I use it then pay it down and I normally find deals on things I need like online but have used it elsewhere also.
show more
show less
Comment
0
0
Kelvin Hardnett @kelvin_hardnett
Report Abuse
5 Star Rating
Just applied for this card at 12:30 am on 10/15/20... application took a 1 min or 2.. it took me around 10 minutes because I was scared to hit submit.... ( Fear of the unknown). The only reason I applied for this card is to raise my income to debt ratio.. I'm so glad I applied for this card, as I have heard only great reviews about Navy Federal in their services.. I've been a member since 2002, the year I enlisted.. I got approved for $25,000.. I have never seen this much money ever!! . Now I know it's real.. JESUS CHRIST.... I'M IN AWE.. CAN'T EVEN SLEEP.. ?️THANK YOU NAVY FEDERAL, I'M A LIFE MEMBER ?
show more
show less
Comment
4
0
Still Learning @Z9CLINE9
Report Abuse
5 Star Rating
Verified Customer
Applied for this card for the low APR offering as I already had everything else covered. Instant approval of 15.5K @ lowest APR-data pt. (768 Fico8 EQ in NC)This card serves the purpose I wanted along with fabulous customer service,a stellar reputation and I've always received friendly service the few times I needed assistance.
show more
show less
Comment
2
4
Review Navy Federal Credit Union Platinum Credit Card
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Navy Federal Credit Union Platinum Credit Card and BankAmericard® credit card
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
2024 WalletHub Awards
Navy Federal Credit Union Platinum Credit Card is an Editor's Pick for: