Navy Federal Credit Union Platinum Credit Card: A Detailed Review
Hello Friends,
If you’re in the market for a new credit card, the Navy Federal Credit Union Platinum Credit Card is definitely worth considering. With a host of benefits, including 0% intro APR and no annual fee, this card is a great option for anyone looking to save money on interest charges, foreign transaction fees, and more. In this article, we’ll take a closer look at the Navy Federal Credit Union Platinum Credit Card and provide you with all the information you need to decide if it’s the right credit card for you.
The Benefits of the Navy Federal Credit Union Platinum Credit Card
The Navy Federal Credit Union Platinum Credit Card has a number of benefits that make it an attractive choice for many consumers. One of the biggest benefits of this card is the 0% intro APR. This means that you won’t be charged any interest on your purchases for the first 12 months after opening your account. This can be a great way to save money on interest charges if you’re planning on making a big purchase or transferring a balance from another card.
In addition to the 0% intro APR, the Navy Federal Credit Union Platinum Credit Card also comes with no annual fee. This means you won’t have to pay any fees just to keep the card in your wallet. Additionally, this card has no foreign transaction fees, which can be a huge benefit if you often travel overseas.
The Drawbacks of the Navy Federal Credit Union Platinum Credit Card
While there are a number of benefits to the Navy Federal Credit Union Platinum Credit Card, there are also some drawbacks that you should be aware of before you apply. One of the biggest drawbacks of this card is that it requires you to be a member of the Navy Federal Credit Union in order to apply. While membership is open to active military members, veterans, and their families, it’s important to note that not everyone will be eligible for membership.
Another potential drawback of this card is the lack of rewards. While some credit cards offer rewards points or cash back on purchases, the Navy Federal Credit Union Platinum Credit Card does not. This means you won’t be able to earn any rewards for using the card, which may be a dealbreaker for some consumers.
Comparing the Navy Federal Credit Union Platinum Credit Card to Other Cards
When it comes to choosing a credit card, it’s important to compare all your options before making a decision. In order to help you make an informed choice, we’ve compared the Navy Federal Credit Union Platinum Credit Card to some other popular credit cards on the market.
Navy Federal Credit Union Platinum Credit Card vs. Chase Freedom Flex
The Chase Freedom Flex is a popular credit card that offers a number of benefits, including 0% intro APR and cash back rewards. While the Navy Federal Credit Union Platinum Credit Card also offers a 0% intro APR, it does not offer any rewards. Additionally, in order to apply for the Chase Freedom Flex, you do not need to be a member of a specific organization.
Navy Federal Credit Union Platinum Credit Card vs. Capital One Quicksilver
The Capital One Quicksilver is another popular credit card that offers 0% intro APR and cash back rewards. While the Navy Federal Credit Union Platinum Credit Card has a 0% intro APR, it does not offer any rewards. Additionally, the Capital One Quicksilver does not require membership in a specific organization in order to apply.
How to Apply for the Navy Federal Credit Union Platinum Credit Card
If you’re interested in applying for the Navy Federal Credit Union Platinum Credit Card, the first step is to become a member of the Navy Federal Credit Union. In order to become a member, you’ll need to meet certain eligibility requirements, which include being an active duty or retired member of the military, a civilian employee of the Department of Defense, or a family member of someone who meets these criteria.
Once you’ve become a member of the Navy Federal Credit Union, you can apply for the Platinum Credit Card online. The application process is straightforward and easy to complete. You’ll need to provide some basic personal and financial information, including your name, address, and income.
Conclusion
Overall, the Navy Federal Credit Union Platinum Credit Card is a great option for anyone looking to save money on interest charges and foreign transaction fees. While there are some potential drawbacks, such as the lack of rewards and the eligibility requirements for membership, this card is still a good choice for many consumers. If you’re interested in applying, keep in mind that you’ll need to become a member of the Navy Federal Credit Union first. Good luck, and happy credit card shopping!
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