Maria Adams, Credit Cards Moderator
@m_adams
You can request a Navy Federal balance transfer when you apply for any NFCU credit card. If you already have a Navy Federal card, you can make a transfer request through either your online account or the mobile app. The Navy Federal balance transfer fee is $0. The NFCU balance transfer APR could be as low as 0.99% (intro) or as high as 15.49% - 18% (V), depending on the card.
The best Navy Federal balance transfer credit card is the Navy Federal Credit Union Platinum Credit Card because it offers an intro APR of 0.99% for 12 months on balance transfers. The card’s regular APR is 10.99% - 18% (V). This card has a $0 transfer fee and a $0 annual fee. There are no other credit cards from Navy Federal that offer an intro APR on balance transfers at this moment. But most NFCU cards have fairly low regular APRs.
What to Know about Navy Federal Balance Transfers
- Best balance transfer card: The Navy Federal Platinum Credit Card offers 0.99% for 12 months on balance transfers.
- Balance transfer fee: $0 balance transfer fees.
- Timeline: It should take about two weeks for your Navy Federal balance transfer to be completed.
- Ways to request: You can ask for a balance transfer on the application for a new NFCU card. For an existing card, you can request a balance transfer: Online: Sign in to your account. Click the “Transfers” tab. Click “Make a Credit Card Balance Transfer” at the bottom right. Fill in the required information. Submit your request. Through the mobile app: In the Navy Federal Credit Union mobile app, go to “Account Management,” then “Balance Transfer.” Enter the required information and submit your request.
- Information required: You need the account number for the balance you’re transferring, plus the name and address of that account’s issuer, along with the amount you want to transfer.
If you do a Navy Federal balance transfer, be sure to continue making monthly payments to your old issuer if the due date comes up before your balance transfer is completed. Otherwise, you risk being marked as late. Any additional payments you make to your old issuer will be credited to your NFCU card once the transfer processes.
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People also ask
How long does a balance transfer take?
A balance transfer usually takes 3 to 21 days from when you submit a balance transfer credit card application, depending on the issuer. To make a balance transfer take as little time as possible, apply online so the issuer can review your application sooner.
How Long a Balance Transfer Takes by Credit Card Company:
| Company | How Long a Transfer Takes |
| ... |
What happens when you transfer balances on credit cards?
When you transfer balances on credit cards, what happens is that the new credit card’s issuer pays your original creditor for the amount transferred. Once the balance is transferred, you will owe your debt to the issuer of the balance transfer card.
You can transfer most types of debt to credit cards, including balances from car loans, student loans, HELOCs, mortgages, and other credit cards. Not all issuers allow all types of transfers, though. Plus, the amount...
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If you apply for the card with the balance transfer requests- will the card be approved with those balances being added on already? Or will you transfer those balances after you receive the card?