Navy Federal Credit Union Platinum card review

Navy Federal Credit Union Platinum card review

Updated: February 21, 2022
Updated: February 21, 2022
Ratings Policy
Low Interest Rating:
4 rating
4 rating
4 / 5
Rates, Fees, Penalties:4.3
Customer Experience4.8

In a Nutshell:

Though the Navy Federal Credit Union Platinum credit card lacks a 0% introductory period for new purchases, the regular APR is so low that cardholders will still save a substantial amount of money on interest.

Regular APR


Introductory Purchase APR


Introductory Balance Transfer APR
0% for 12 months (expires 02/28/2022)



  • No annual fee
  • No balance transfer fee
  • Cash advance APR is 2% over the regular APR
  • Cash-advance fee is $.50 domestic, $1 overseas, free at NFCU ATMs


  • $20 late payment fee
  • 18% penalty APR
  • $20 returned payment fee
Very Good


  • Exceedingly low APR
  • Relatively low cash advance APR and fees
  • Low penalty APR and fees
  • Can set up PIN to use chip card overseas
  • Generous purchase assurance and price protection


  • No rewards to speak of
  • No 0% introductory offer on new purchases
  • Fees can add up if you need to borrow cash often

Customer Experience

  • Consumer Reports rating: 95 (3% of issuers ranked higher)
  • 24/7 customer service?: Yes
  • Online chat available?: Yes
  • Google Play Store mobile app rating: 3.8/5
  • Apple Store mobile app rating: 4.9/5

Other Notable Features: Travel and emergency assistance, Apple Pay, EMV chip-and-PIN, roadside assistance, identity-theft solutions, purchase assurance, price protection

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The Navy Federal Credit Union Platinum credit card* has a 5.99% APR, which is one of the lowest interest rates in the industry. In addition, it has no annual fee, a low foreign transaction fee and penalty fees and a relatively low penalty APR. It also has a low cash-advance APR and fees. Unfortunately, it doesn’t offer a 0% introductory APR for new purchases. For cardholders seeking to save money on interest, this could be a huge drawback.

Low cash-advance fees and APR

Usually, when you borrow cash from an ATM machine, you immediately get hit with a high APR and costly cash-advance fees. The Navy Federal Credit Union Platinum card offers a cash-advance APR that is only 2% higher than your regular APR, and it will not exceed 18%. In addition, you pay no cash-advance fees if you use an NFCU ATM. If you use your card in a different ATM, the cash-advance fees range from 50 cents domestically to $1 internationally.

Low penalty fees and APR

While NFCU Platinum doesn’t waive the penalty APR, it keeps it reasonably low at 18%. The penalty fee is $20, which is much lower than the typical fee of $35 to $38.

0% introductory APR for 12 months

The NFCU Platinum card features a 0% intro APR on balance transfers for 12 months (offer expires Feb. 28, 2022; 5.99% to 18% variable APR thereafter). The card also doesn’t charge a fee for balance transfers. While many balance transfer cards offer a 0% intro APR, their ongoing APRs tend to be much higher than 5.99% to 18% variable, so the Platinum card could be a better fit if you need a low ongoing APR even after the promotional period.

Chip-and-PIN for overseas travel

While U.S. credit card providers are actively sending out credit cards with new EMV chip technology, the majority of them won’t work in unmanned terminals in Europe and other parts of the world that require a personal identification number. The NFCU Platinum credit card gives you an option to set up a four-digit PIN, so it can work seamlessly almost anywhere you travel.

Member Mall

While there is no rewards program, you can earn cash back in addition to regular discounts by shopping at Member Mall, the online NFCU portal. The cash back you can earn is not substantial, but online coupons and discounts for members can be quite good.

Purchase assurance and price protection

If an item you purchase with the card gets damaged, lost or stolen within 90 days of the date of purchase, you will be reimbursed for up to $1,000 per incident and up to $25,000 a year. Also, if you find a lower price within 60 days after the purchase, NFCU Platinum will reimburse the difference up to $250 per occurrence, up to four times a year.

Why get the Navy Federal Credit Union Platinum card?

  • You tend to carry a balance and want a low APR.
  • You don’t care about rewards or cash back.
  • You often travel overseas and want a chip-and-PIN card.

How to use the Navy Federal Credit Union Platinum card:

  • Avoid borrowing cash despite low fees and low cash-advance APR.
  • Use the card to book travel in order to enjoy extra travel benefits.
  • The NFCU Platinum Mastercard credit card has a generous purchase assurance program. Use the card to buy big-ticket items, especially if you are planning to travel with them, because you never know when things can go wrong.

Is the Navy Federal Credit Union Platinum card worth it?

If paying down a transferred balance or maintaining a low APR is one of your top priorities, the Navy Federal Credit Union Platinum card’s 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 aren’t able to pay off your transferred balance during the introductory period.

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*All information about the Navy Federal Credit Union Platinum credit card has been collected independently by and has not been reviewed or approved by the issuer.

All reviews are prepared by 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 bank’s website for the most current information.

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