Update 1/2/19: Deal is back for 2020, most members will see the 1.99% offer but some will be lucky enough to get the 0% offer. Technically these weren’t supposed to go live until 9AM ET on the 3rd, but looks like the offers have gone out early. If you don’t see it maybe just wait until tomorrow.
Update: Deal is back for 2019, but only available to some. Should show up on sign in if eligible. If you don’t see it then you should see a deal for a 1.99% rate. Hat tip to reader WhatABargain
The Offer
No direct link to offer
- Navy Federal is offering a 0% APR on balance transfers to new and existing Navy Federal credit cardholders for 12 months. They also charge no balance transfer fees.
The Fine Print
- Currently, rates range from 6.99% APR to 18% APR, are based on product type and creditworthiness, and will vary with the market based on the U.S. Prime Rate.
- Maximum total transfer amount is limited to your approved credit line. Balance transfers using convenience checks are excluded from this offer.
- If you transfer a balance with this offer, interest will be charged on purchases made with your credit card unless your purchases have a 0% APR, or you pay the entire balance (including any transferred balances) in full each month by the payment due date
- . Offer applies to balance transfers requested within 30 days of account opening.
- Applications must be submitted between 1/2 and 2/28 of 2019.
- Limit of one promotional offer at account opening.
- If you transfer a balance to an existing Navy Federal credit card, you will receive a 0% APR on the balance transferred for 12 months.
- After that, your standard variable purchase APR will apply to any balance remaining.
- No single balance transfer can be greater than $30,000.
- You may transfer a balance to an existing Navy Federal credit card by logging into your account online, calling 1-800-842-6328, or visiting a branch office.
- Must transfer balances to existing accounts by Feb. 28, 2019.
Our Verdict
Pretty great deal, especially as it works for existing cardholders as well. I think this is something NFCU offers at the start of each year. You can read more about NFCU credit cards here. You can also see a full list of credit cards that offer 0% APR with no balance transfer fees here.
