The Navy Federal credit card approval requirements include a credit score of at least 700, in most cases; this is considered “good” credit. Other Navy Federal credit cards require a credit score of 750, i.e. excellent credit. Ultimately, Navy Federal also offers options for people with bad credit. You also have to be an NFCU member to apply for one of their credit cards.
Perhaps most importantly, Navy Federal will also verify your credit history and ability to pay. Your credit score, income, debt level and other factors will help determine if you're approved. This information will also play a role in setting your interest rate and credit limit.
Navy Federal Credit Card Credit Score Requirements
What Makes You Eligible for NFCU Membership
To apply for a Navy Federal Credit Union credit card, you also have to be an NFCU member. To be eligible for NFCU membership, you or one of your family members must have ties to the armed forces, National Guard or Department of Defense. This includes active-duty personnel, officer candidates, reservists and veterans. If none of these apply, call (888) 842-6328 or visit a local Navy Federal branch for assistance.
Information Required for Navy Federal Credit Card Applications
There is a lot of information required on NFCU credit card applications. You will have to provide your name, address and birthdate, for starters. The address must be a physical U.S. location and not a P.O. Box. You also need to list either your Social Security Number (SSN) or Individual Tax Identification Number (ITIN). Applicants must be U.S. citizens and at least 18 years old to be eligible. If you're under 21, you need proof of an independent income sufficient enough to make payments.
All applicants must include their employment status, monthly rent or mortgage payment, and annual income. You don't need a full-time job to qualify for a card, but you will need to report the sources of any income. This could be part-time salary or wages, rental income, retirement benefits, interest and/or dividend income, and more.