Melissa Lambarena is a senior writer on the credit cards team at NerdWallet. She has enthusiastically covered credit card-related topics for over seven years. Her prior experience includes nine years as a content creator for several publications and websites. Through her work, she aims to help readers extract value from credit cards to meet financial goals like stretching their budget, building credit, traveling to dream destinations and paying off debt. She explores these topics in the Millennial Money column featured in The Associated Press. Her work has also appeared in The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa has a bachelor’s degree in sociology from the University of California, Los Angeles.
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Assigning Editor
Erica Corbin is a former assigning editor at NerdWallet. Erica joined NerdWallet in 2020 as an assistant assigning editor at large. In 2023, she was promoted to assigning editor and helped lead the credit cards vertical at NerdWallet Canada. She previously wrote and edited content at companies such as GOBankingRates and Nasdaq. Her work has been syndicated to USA Today, Yahoo Finance, MSN and more.
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Some of the offers described in this article have expired. For up-to-date details, see our article on Navy Federal's best credit cards .
Navy Federal Credit Union is kicking off the new year with several promotions that may help new cardholders with their financial resolutions.
Beginning on Jan. 5, 2021, Navy Federal is offering a 0% introductory APR for balance transfers or purchases on some credit cards. Here's a look at the offers:
Navy Federal Credit Union® Platinum Credit Card ( $0 annual fee): Get a 0% introductory APR for 12 months on balance transfers made within 30 days of opening an account. This offer is valid through March 1, 2021.
Navy Federal Credit Union® cashRewards Credit Card ( $0 annual fee): Pay a 1.99% APR for 12 months on balance transfers made within 30 days of opening an account. Plus, earn $150 in cash back when you spend $3,000 within 90 days of opening an account. This offer is valid through March 1, 2021.
Navy Federal Credit Union® More Rewards American Express® Credit Card ( $0 annual fee): Get a 0.99% APR on purchases for six months and earn 20,000 points (a $200 value) when you spend $3,000 within 90 days of opening an account. This offer is valid through March 1, 2021.
Navy Federal Credit Union® GO REWARDS® Credit Card ( $0 annual fee): Pay a 1.99% APR for six months on balance transfers made within 30 days of opening an account. This offer is valid through March 1, 2021.
Navy Federal Credit Union® Visa Signature® Flagship Rewards Credit Card ( $49 annual fee): The free Amazon Prime membership offer for a year (a $130 value) has been extended through Sept. 30, 2021, for new and existing cardholders.
You must be a Navy Federal Credit Union member to qualify for these credit cards. Membership is limited to current or former members of the military or Department of Defense employees and eligible family members.
If you plan to transfer a balance, it’s typically not a good idea to try to reach the spending requirement to get a sign-up offer. Any transactions made may start accruing interest charges immediately if your card charges an APR for purchases. Read your terms and conditions to understand which interest rates apply to different transactions.
Balance transfer opportunities are hard to come by in the current economic climate. If you can qualify for one of these offers, it’s a decent deal. Plus, all of the credit cards included in Navy Federal’s balance transfer promotion don’t charge balance transfer fees, so more of your payment goes toward your balance.
Consider how much time is needed to pay off your debt to determine whether a six-month or a 12-month offer is ideal. A credit card that has incentives can also give you a reason to keep using it long after you've paid off the transferred balance.
Without debt, the low introductory interest rate on the Navy Federal Credit Union® More Rewards American Express® Credit Card can save you money and help finance a large purchase. The sign-up offers across several of the Navy Federal credit cards also have the potential to pad your emergency fund or defray the cost of your spending.
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