Published on January 6th, 2019 | by William Charles47
Navy Federal Credit Union (NFCU): 0% APR For 12 Months & 0% Balance Transfer Fee For New & Existing Cardholders
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
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.
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.