Navy Federal Offering 0% Balance Transfer Credit Card... - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Navy Federal Offering 0% Balance Transfer Credit Card with No Fees

Navy Federal Offering 0% Balance Transfer Credit Card with No Fees

Navy Federal Offering 0% Balance Transfer Credit Card with No Fees
The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

Banks and other credit card issuers are wooing existing clients to start using their credit cards once again. Many of these offers are coming in the form of a balance transfer credit card, which allows cardholders to move high-interest balances to the credit card to pay a lower interest rate. One of the best credit card offers currently available along these lines comes from Navy Federal Credit Union. Membership is open to current and former employees of the armed forces and Defense Department and their families.

Navy Federal Credit Union

Members of the Navy Federal Credit Union have the option to take advantage of a 0% balance transfer credit card. As an added bonus, the bank is not charging any fees for the balance transfers for up to 12 months. This is one of the best credit card offers around right now — most competitors charge fees for balance transfers, even when they offer 0% interest balance transfer. The offer is currently available on any of the credit cards issued through Navy Federal Credit Union. They offer varying interest rates on purchases, and some offer extra perks for a small annual fee.

Competitors’ Charges

Most credit card issuers charge 3% to 5% fees on balance transfer credit cards. The Citi Platinum Select Mastercard, one of the best credit card offers currently available for balance transfer seekers outside the military, offers 0% interest for 21 months but charges a 3% balance transfer fee. So a cardholder transferring a $10,000 balance from a card charging 18% interest would pay $300 — nothing beats free, but she is still saving $1,500 in interest payments in the first year alone. And without all that interest, she will probably pay down her balance faster.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Discover Debit Card Gets an Upgrade

Posted: August 21, 2018

Discover is rolling out a new version of their debit card, offering several new features, including Freeze It, which may be familiar to their credit card customers. It lets cardholders turn their card on and off if it's lost or stolen. Continue reading
Discover Cuts Price Protection Benefits from Credit Cards

Posted: August 20, 2018

If you have a Discover card and like the Price Protection benefit that comes with it, you might want to take advantage of it sooner than later. Discover has decided to do away with this benefit. This benefit will no longer be part of your ... Continue reading
The New Citizens Bank Cash Back Plus World MasterCard

Posted: August 17, 2018

Citizens Bank has rolled out their new Cash Back Plus World MasterCard, offering cardholders 1.8% cash back when they go shopping. This is an upgraded version of their previous card. With this new version, cardholders can earn unlimited ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!