Navy Federal removes balance transfer fees for a limited time

Navy Federal Credit Union

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Navy Federal Credit Union has announced a limited-time promotion that’ll save you money when you transfer debt from one credit card to another. New and existing cardholders will enjoy a 0-percent interest rate on balance transfers for 12 months when they transfer a balance from a non-Navy Federal credit card to a Navy Federal card between Jan. 3 and Feb. 28, 2018. The promotion applies to all Navy Federal credit cards except the Navy Federal Business and Home Equity Line Visa Platinum credit cards.

Once the 12-month period is over, the balance transfer APR for new cardholders will range from 6.99 to 18 percent. Existing cardholders will return to their standard balance transfer APR.

Transfer your balance for free

In addition to not charging interest on balance transfers for 12 months, Navy Fed cards don’t charge a balance transfer fee. So instead of paying the 3 to 5 percent fee that most cards charge each time you transfer a balance, you can make transfers for free – making Navy Fed cards ideal if you have a substantial amount of credit card debt that you want to transfer. For example, if you transfer $3,000 to a card that charges 3 percent per transfer, you’ll end up paying $90 in balance transfer fees. But if you transfer that same amount to a Navy Fed card, you won’t be charged a fee to do so.

Are you eligible?

The balance transfer promo is a great opportunity for anyone wanting to transfer their credit card balance, but there is a caveat: To take advantage of the offer, you must be a member of Navy Federal Credit Union, which is only open to servicemembers, veterans, DoD civilians and immediate family members of eligible individuals:

Service members and veterans DoD civilians Family members
  • Active duty members of the Army, Marine Corps, Navy, Air Force and Coast Guard
  • Army and Air National Guard
  • Delayed Entry Program (DEP)
  • DoD Officer Candidate / ROTC
  • DoD Reservists
  • Veterans, retirees and annuitants
  • DoD civilian employees
  • U.S. Government employees assigned to DoD installations
  • DoD contractors assigned to U.S. Government installations
  • DoD civilian retirees and annuitants
  • Grandparents
  • Parents
  • Spouses
  • Siblings
  • Children (including adopted and stepchildren)
  • Grandchildren
  • Household members

If you meet the eligibility requirements, you can participate in the offer by joining the credit union and selecting “Transfer Your Balance” when applying for your new credit card.

If you are already a member with an existing Navy Fed credit card, you can log in to your account and select “Make Credit Card Balance Transfer” from the “Transfers” tab.

If you are an existing member without a Navy Fed card, log in to your account, select the card to which you want to apply and choose the “Balance Transfer” option during the application process.

0-interest balance transfer cards

If you aren’t eligible for a Navy Federal account, but you have a balance that you want to transfer, don’t be discouraged – there are plenty of credit cards that currently offer a 0 percent APR on balance transfers for 12 months or even longer. Check out the list below.

Balance transfer cards

Credit card Intro APR on balance transfers Balance transfer fee Annual fee
U.S. Bank Visa Platinum 0% for 18 months $5 or 3% (whichever is greater) $0
Chase Freedom 0% for 15 months $5 or 5% (whichever is greater) $0
Chase Slate 0% for 15 months $0 for first 60 days, then $5 or 3% (whichever is greater) $0
Blue Cash Everyday card from American Express 0% for 15 months $5 or 3% (whichever is greater) $0
Bank of America Cash Rewards 0% for 12 billing cycles $10 or 3% (whichever is greater) $0

Barclaycard Arrival Plus World Elite Mastercard

(Update: Offer no longer available as of 3/21/18)

0% for 12 months $5 or 3% (whichever is greater) $89, waived first year

See related: Chase Slate vs. Chase Freedom: Which card is best for you?, Credit card special offers, limited-time promotions

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

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Updated: 11-14-2018