Navy Federal Platinum Credit Card Limit: Everything You Need to Know

The Navy Federal Platinum Credit Card is a popular choice among military personnel and their families. The credit card limit is determined by various factors.

To qualify for this credit card, you must be a member of Navy Federal Credit Union. You can join by meeting their eligibility requirements, such as being an active-duty military personnel, a veteran, or a family member of someone who is eligible.

The credit card limit is based on your creditworthiness, income, and other financial factors. This means that the credit limit may vary from one individual to another.

The Navy Federal Platinum Credit Card offers a range of benefits and features that make it an attractive option for those looking to manage their finances effectively.

You can save on balance transfers with a low intro APR, starting at 0.99% for 12 months, followed by a variable APR between 11.24% and 18%.

The card has no annual fee, making it a cost-effective choice for those who want to avoid paying extra for their credit card.

One of the standout features of the Navy Federal Platinum Credit Card is its no balance transfer fees policy, allowing you to transfer your balance without incurring any additional costs.

Here are some key benefits and features of the Navy Federal Platinum Credit Card:

The card's low interest rates and no balance transfer fees make it an ideal choice for those looking to consolidate debt or manage their finances effectively.

The Navy Federal Platinum Credit Card has a variable APR between purchase and balance transfer rates. This means the interest rate can change over time.

If you're looking to transfer a balance, you'll be happy to know the card offers a 0.99% intro APR on qualifying balance transfers for 12 months. This can be a great way to save money on interest.

The ongoing APR for the card is between 11.49% and 18.00%, variable. This is the rate you'll be charged after the introductory period ends.

You'll also want to be aware of the cash advance APR, which is 20.00%, variable. This is the rate charged for cash advances, and it's higher than the ongoing APR.

One thing to note is that the card doesn't charge a foreign transaction fee. This can be a big plus if you travel frequently or make international purchases.

Here's a breakdown of the rates and fees:

The credit limit on the Navy Federal Platinum Credit Card can be a bit confusing at first, but it's actually quite straightforward. Your credit limit will be influenced by several factors, including your credit score, income, existing debt, credit history, and payment history.

To give you a better idea, here are some key factors that can affect your credit limit:

The maximum credit limit for the Navy Federal Platinum Credit Card is up to $50,000, making it one of the highest limits offered by Navy Federal.

A credit limit is the maximum amount of credit a financial institution is willing to extend to a borrower. This amount varies depending on your creditworthiness, income, and the type of credit card you apply for.

Your credit limit is determined by several factors, including your credit score, income, existing debt, credit history, and payment history. A higher credit score generally leads to a higher credit limit.

Navy Federal credit cards, for example, offer different credit limits based on their features and benefits. The Navy Federal Platinum Credit Card, for instance, has a maximum credit limit of up to $50,000.

To give you a better idea of the different credit limits offered by Navy Federal, here's a summary of some of their credit cards with high limits:

Regularly using your credit card and making timely payments can also help increase your credit limit over time. Navy Federal may consider increasing your credit limit if you've been a responsible borrower.

Carrying a balance can be a challenge, especially if you're not aware of the potential costs involved. You can get a 0% intro APR for 12 months from account opening on balances transferred within 60 days, but after that, a variable APR between 11.24% and 18% applies.

Paying balances in full each month is always the best option to avoid interest charges. But if you can't do that, this card offers a potential ongoing APR that's lower than average, depending on your creditworthiness.

The lower your APR, the less you'll pay in interest, and the more of your monthly payment goes to paying down the principal. This can make a big difference over time, especially if you're carrying a large balance.

Reviews of the Navy Federal Platinum Credit Card indicate it's a great option for tackling high-interest debt, with no annual or balance transfer fees.

The card offers a 0.99% APR on balance transfers for the first 12 months, followed by an 11.99%-18.00% variable APR on purchases and balance transfers.

Some reviewers note that the promotional period on balance transfers is shorter than what's available elsewhere, and you won't earn rewards on this card.

However, the card's low interest rates and lack of fees make it a competitive option for those who qualify.

Here are some key features of the Navy Federal Platinum Credit Card:

It's worth noting that to get this card, you must join the Navy Federal Credit Union, which comes with its own set of requirements.

To earn retailer rewards, you'll need a Navy Federal Credit Card and to sign in to your online account, selecting the credit card you want to use from your Account Summary.

Rewards are credited to your Navy Federal Credit Card account after shopping with participating merchants in Member Deals.

Cookies must be enabled in your web browser to receive credit while shopping at many online retailers.

Rewards are non-transferable, so you can't give them to someone else.

The rewards typically post to your account within 8 weeks of the purchase date.

There's no limit to the number of rewards you can earn through Member Deals.

The Navy Federal Credit Union Platinum Credit Card is a solid option for tackling high-interest credit card debt. It offers a 0.99% APR on balance transfers for the first 12 months, followed by an 11.99%-18.00% variable APR.

One of the standout features of this card is that it has no annual or balance transfer fees. You can transfer your balance without paying a dime in fees, which is a huge perk.

The card also has a low interest rate, making it a great choice for those who want to pay off their debt quickly. However, there is no promotional interest rate on purchases, so you won't get a break on your regular purchases.

Here are the key features of the Navy Federal Credit Union Platinum Credit Card:

Keep in mind that the card's promotional period on balance transfers is shorter than what you can find elsewhere, and you won't earn rewards. However, if you're looking for a straightforward way to tackle high-interest debt, the Navy Federal Credit Union Platinum Credit Card is definitely worth considering.

Navy Federal's credit card rates range from 11.24% APR to 18.00% APR, based on creditworthiness and the US Prime Rate.

The rates will vary with the market based on the US Prime Rate as of 01/03/2025.

Navy Federal has a $49 annual fee for Visa Signature Flagship Rewards, and no ATM cash advance fees if performed at a Navy Federal branch or ATM.

The nRewards Secured card rate is 18.00% APR as of 01/03/2025, and all other Navy Federal credit card rates range from 11.24% APR to 18.00% APR, based on product type and creditworthiness.

Our methodology for reviewing credit cards involves considering both quantitative and qualitative features. Quantitative features, such as fees and interest rates, are calculated to provide a clear picture of a card's value.

We analyze the rewards structure, including earning rates and redemption values, to determine how well a card can deliver value to its users. The cash value of benefits and perks is also taken into account.

Qualitative factors, like the ease of application and the simplicity of the rewards structure, are also crucial in our evaluation. We consider whether a card is well-suited for everyday use or is better reserved for specific purchases.

Our star ratings serve as a general gauge of how each card compares to others in its class. However, these ratings are meant to be just one consideration when choosing a credit card.

Navy Federal credit card rates range from 11.24% APR to 18.00% APR, based on creditworthiness and the US Prime Rate.

These rates can vary with the market, so it's essential to keep an eye on the US Prime Rate to understand how your rate might change.

The ATM cash advance fees for Navy Federal credit cards are $0.50 per domestic transaction or $1.00 per foreign transaction, unless you perform the transaction at a Navy Federal branch or ATM, in which case there's no fee.

Some credit cards, like the nRewards Secured card, have a fixed APR of 18.00%, while others, like the Visa Signature Flagship Rewards, come with an annual fee of $49.