Carrying a Credit Card Balance? Here’s a Simple Way to Save $1,868
Liubomyr Vorona / iStock.com
Commitment to Our Readers
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Trusted by
Millions of Readers
Credit card debt has a way of making you feel stuck. You make the minimum payment, watch interest swallow most of it, and the balance barely budges. At today’s rates, the math is working hard against you.
That’s where a balance-transfer card like the The Navy Federal Credit Union Platinum Credit Card can help. It offers a 0.99% intro APR for the first 12 months on balances transferred within the first 60 days of opening your account (after that, a variable APR between 10.24% and 18% applies1). Even better? Members who make the switch save on average $1,868 during the promotional window2.
Why a Balance-Transfer Can Be a Smart Idea
A balance transfer does two useful things at once: It rolls multiple card balances into a single monthly payment, and — more importantly — it can cut the interest rate that’s been quietly inflating what you owe.
That’s how on average, Navy Federal Credit Union members save $1,868 over the 12-month intro period. Your own number will vary with your balance and current APR — but the higher your current rate, the bigger impact the switch will have.
After the 12-month promotional period ends, the Platinum Card’s variable APR ranges from 10.24% to 18%1, based on your creditworthiness — still well below what most rewards cards charge.
What Sets This Card Apart
Most balance-transfer offers come with a catch — usually a transfer fee of 3% to 5% tacked onto the balance you just moved.
The Navy Federal Platinum Card charges no balance-transfer fee, no annual fee, no foreign-transaction fees and no cash-advance fees1 — so the savings you generate on interest aren’t quietly clawed back somewhere else.
Ready to Make the Switch?
Want to cut your interest rate on balance transfers to just 0.99% APR for the first 12 months? Applying takes a few minutes and won’t affect your credit score. If your current card is charging double-digit interest, moving that balance to a 0.99% intro APR card could be the simplest financial decision you make this year.
Get started here and see how much you could save.
This content is intended to provide general information and should not be considered legal, tax, or financial advice. It is always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.
1As of 2/3/2026, rates range from 10.24% APR to 18.00% APR, are based on creditworthiness, and will vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. Balance transfer offer: Application must be submitted by 01/03/2027. Offer valid for balances transferred from non-Navy Federal credit cards within 60 days of account opening. Maximum total transfer amount is limited to your available credit line. Balance transfers using convenience checks are excluded from this offer. If you transfer a balance with this offer, interest will be charged on purchases made with your credit card unless your purchases have a 0% APR or you pay the entire balance, including any transferred balances made under this offer, in full each month by the payment due date. Limit of one promotional offer at account opening. Navy Federal reserves the right to change or end this offer at any time without notice.
2 This table is for illustrative purposes; your situation may differ. Savings claim uses a $9,233 balance transfer amount, which was the average amount transferred to Navy Federal Platinum Cards within the first 60 days of account opening in 2025. The Interest Accrued amounts and the $1,868 example savings assume no additions to and no payments made toward the transferred balance during the 12-month promo APR period.
