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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? While rare, cards with no balance transfer fee exist. The Navy Federal Platinum Credit Card is just such a card.
However, be aware that not everyone can get the Navy Federal Platinum Credit Card. NFCU membership is required, meaning you must be a United States military member or have a military connection to be eligible. More details on those requirements can be found below.
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.
Intro Purchase APR
N/A
Regular Purchase APR
11.49% to 18.00% (variable)
Intro BT APR
0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening
Regular BT APR
11.49% to 18.00% (variable)
Annual Fee
$0
Cash Advance Fee
None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction.
Foreign Transaction Fee
$0
Balance Transfer Fee
$0
There's no balance transfer fee
Cards with no balance transfer fee are relatively rare. Many balance transfer cards charge a balance transfer fee of 3% to 5% of the amount transferred. That can add up — for example, transferring $3,000 with a 5% balance transfer fee means paying an additional $150.
Intro APR on balance transfers
The Navy Federal Platinum Credit Card offers a 0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening, after which a 11.49% to 18.00% (variable) APR applies.
This isn’t the longest 0% intro APR period available on a balance transfer card, but it is a reasonable amount of time. Combined with the $0 balance transfer fee, having a year of no interest makes this an exceptional balance transfer card.
The regular APR is relatively low
If you’re looking for an ongoing low APR card to revolve a balance from time to time, the Navy Federal Platinum Credit Card offers a very competitive APR of 11.49% to 18.00% (variable).
Of course, you won’t know if you qualify for the low end of the APR range until you apply, but if you’re credit score is in the excellent range, the odds of getting that low rate could be good,
Doesn't charge a foreign transaction fee
If you travel abroad, you don’t have to worry about being charged an extra fee on every transaction you make. The Navy Federal Platinum Credit Card has a $0 foreign transaction fee.
No annual fee
You won’t have to pay just for keeping the card open, since it has an annual fee of $0.
Purchases don't get an intro APR
The Navy Federal Platinum Credit Card offers an intro APR period on balance transfers but not purchases. If you’re planning a big purchase and need a card with an intro APR on new purchases, check out our list of best 0% APR credit cards for long intro periods instead.
Any purchases you make on the Navy Federal Platinum Credit Card will accrue interest at the regular purchase APR of 11.49% to 18.00% (variable).
Short balance transfer intro period
While intro APR on balance transfers for a year is good, especially without the fee, it’s not exceptional. It’s possible to get up to 21 months of a 0% intro APR with other balance transfer credit cards. However, those cards charge balance transfer fees. But if you need more time to pay off your transferred debt, a balance transfer fee might be worth it in the long run.
Military connection required
To apply for the Navy Federal Platinum Credit Card, you must join Navy Federal Credit Union. Membership is open to active duty military members, retired military and veterans, family members (including adopted and stepchildren) and United States Department of Defense civilian employees.
The Citi Double Cash® Card comes with three major advantages compared to the Navy Federal Platinum Credit Card: it doesn’t require membership to apply, it offers a longer 0% intro APR on balance transfers and it has a stellar cash back program, making it worth keeping around after you pay off your balance.
Whereas the Navy Federal Platinum Credit Card requires NFCU membership, anyone can apply for the Citi Double Cash® Card (note that you should have fair / good / excellent credit to have a realistic chance of approval).
The Citi Double Cash® Card offers a longer intro APR of 0% intro apr for 18 months on balance transfers, after which a 18.49% - 28.49% (variable) APR applies.
In addition, the Citi Double Cash® Card lets cardholders earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. Once you pay off your transferred balance, the Citi Double Cash® Card is worth keeping in your wallet for everyday purchases. Meanwhile, the Navy Federal Platinum Credit Card is a fairly no-frills card that does not earn rewards.
The caveat, of course, is that with the Citi Double Cash® Card there is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5)
You’ll pay a $0 annual fee for the Citi Double Cash® Card, but beware the 3% foreign transaction fee.
| Credit Cards | Our Ratings | Annual Fee | Intro Purchase APR | Regular APR | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | Rewards Rate | |
|---|---|---|---|---|---|---|---|---|---|
|
Navy Federal Platinum Credit Card*
|
$0 | N/A | 11.49% to 18.00% (variable) | 0.99% introductory APR for 12 months for balance transfers requested within 60 days of account opening | 11.49% to 18.00% (variable) | $0 | N/A | ||
Citi Double Cash® Card*
|
$0 | N/A | 18.49% - 28.49% (Variable) | 0% intro APR for 18 months on Balance Transfers | 18.49% - 28.49% (Variable) | There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5) | Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. | ||
Wells Fargo Reflect® Card*
|
$0 | 0% intro APR for 21 months from account opening | 17.49%, 23.99%, or 29.24% Variable APR | 0% intro APR for 21 months from account opening on qualifying balance transfers | 17.49%, 23.99%, or 29.24% Variable APR | 5%, min: $5 | None | ||
Citi Simplicity® Card*
|
$0 | 0% intro APR for 12 months on Purchases | 18.49% - 29.24% (Variable) | 0% intro APR for 21 months on Balance Transfers | 18.49% - 29.24% (Variable) | There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5) | N/A |
If you qualify for membership with Navy Federal Credit Union and are fairly confident you can pay off your debt within a year, the Navy Federal Platinum Credit Card is an ideal balance transfer card.
Thanks to its standout $0 balance transfer fee, you can enjoy the introductory no-interest period without having to pay 3% to 5% of the amount transferred, which is what most balance transfer credit cards will charge. And if you can’t quite pay off your balance before the intro APR period ends, the card has a very reasonable regular APR range.
However, if you can’t qualify for membership or think you’ll need a longer intro APR period, consider a card such as the Citi Double Cash® Card. You’ll pay a little more upfront due to the balance transfer fee, but you’ll have peace of mind that interest charges won’t kick in quite so soon.
The information related to the Navy Federal Platinum Credit Card, Citi Double Cash® Card, Wells Fargo Reflect® Card and Citi Simplicity® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
