Navy Federal Credit Union (NFCU) regularly offers a special balance transfer promotion every January that is available to both new and existing NFCU credit cardholders. This year it is 1.99% APR on balance transfers for 12 months with no balance transfer fee. You must transfer a non-Navy Federal credit card balance before February 28, 2019. (They also have a few new banking specials.) Thanks to Victor for the heads up.
Exclusive Offer for Current Cardholders
Pay down your credit card balance and watch it disappear with a 1.99% APR on balance transfers for 12 months. After that, your standard variable APR applies.1 Just transfer your balance from another lender to your existing Navy Federal Credit Card.
Membership eligibility for NavyFed is restricted primarily to military personnel including Army, Marine Corps, Navy and Air Force – including retirees and family members – but also includes some civilian employees in the Department of Defense. Some may have joined through a military-related association in the past, but that window is now closed. If you are not military and wish to join, your best bet may be to ask an affiliated family member to refer you. NavyFed offers a variety of solid financial products including mortgage and home-buying services.
This is offer is nice in that it seems to come around every year for NFCU cardholders and you don’t need to apply for a new card. If you are willing to apply for a new card, be sure to compare first with the best no fee 0% APR balance transfer offers. Here is the current top offer which combines a 0% intro APR for 15 months, no balance transfer fee, and a sign-up bonus:
- Amex EveryDay Card from American Express – 0% intro APR on both purchases and balance transfers for 15 months. After that, the variable APR will be 15.24% – 26.24%, based on your creditworthiness. No balance transfer fee for the first 60 days of opening the account. Plus, earn 15,000 Membership Rewards points after you use your new Card to make $1,000 in purchases in your first 3 months. No annual fee.
Balance transfer promotions can be good opportunities to lower the interest rate on your existing balances and accelerate any debt payoff plans. Try your best to finish your payments within the introductory period, as the rates will increase significantly after that.
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