The Offer
- Get a sign up bonus of $250 when you spend $2,500 or more within 90 days of opening a new cashRewards card from Navy Federal Credit Union.
- Also, get a 0% intro APR on balance transfers for 12 months and no transfer fees.
Offer expires March 31, 2025.
Card Details
- Card earns either 1.5% cash back or 2% cashback on all purchases: those with credit line above $5,000 will get 2%
- No annual fee
- No foreign transaction fee
Our Verdict
Personally I’d have preferred the expired offer of $300 bonus on this card (plus Walmart+ membership which this current offer doesn’t have). But I thought it worth highlighting this offer for those who have interest in the 0% APR on balance transfers – something uncommon. (We occasionally see 0% on purchases, rarely on balance transfers.)
I’ll add this to our list of 0% APR cards. Just keep in mind that carrying a balance on a personal credit card can have big negative impact on your credit score.
It’s not necessarily worth using this card after you get the sign up bonus as there are other credit cards that offer a higher rate on everyday purchases, but the sign up bonus might be attractive to some people. NFCU is also offering a bonus of 40,000 points and Amazon Prime membership on the Flagship rewards card.
Navy Federal is only available for military and veterans – full eligibility information can be found here (plus family members. Even if they are deceased). Learn more about Navy Federal credit cards in the post Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know.
Hat tip to reader Oscar
I was in the market for a balance transfer card, the 0% transfer fee sealed the deal for me. Applied and was approved for $25,000 line of credit. Thanks DOC.
If I do not qualify (no military ties/affiliations) to be a member of the NFCU then I cannot apply for this card, correct?
Or, is it possible for an existing NFCU member to refer me (and hopefully score a referral bonus) and thus make me eligible? Will that work?
TIA for any tips!
Even if you’re referred by a random NFCU member you still have to meet the membership eligibility requirements to join.
Ok, that’s what I had thought, but thanks for clarifying.
Which credit report do they pull?
TX TransUnion for credit cards and auto loan
can you churn NFCU credit card SUBs?
I got NFCU’d. I signed up for the $300 offer, they gave me a $500 credit limit. I make enough money where that isn’t even worth my time to sign up. Wasted hard pull. Beyond frustrated.
Should still be able to get the $300 bonus by cycling through the line 2x a month.
I’m new to balance transfers. I’m curious though…If I were to spend money on my AMEX Hilton for a nice chunk of Hilton points, and then transfer the balance to this card would I still get all the Hilton points? Then I could have all of that spend at 0% APR for 12 months, and put the money into into index funds an average 7% or 8% return after tax?
Index Funds are kind of risky, if there’s a down year you’ll actually lose money. Better to put it into short term bonds or T-bills or an HYSA or something like that.
I just got this card several weeks ago at a better deal…. $200 SUP for 2k spend + $300 for joining and signing up for this CC within 14 days +100 referral + $98 Walmart plus credit!
DP’s at docs link below
I’d ask if they would honor this better deal. YMMV
https://www.doctorofcredit.com/join-navy-federal-credit-union-nfcu-get-extra-300-bonus-on-credit-card-signup
I think the real highlight should be $0 in transfer fees. There are quite a bit of 0% APR on balance transfers if you include already owned cards. But I haven’t seen 0% transfer fees since I opened the Amex Everyday card in like 2017.
The Flagship Rewards card is a better deal. Spend $3,500 and get 35,000 points ($350) + Amazon Prime free for a year
Terms and conditions say there are no balance transfer fees. Might be a good way to pay off some debt faster if you’re disciplined.