Founded in 1933, Navy Federal Credit Union (NFCU) was created to assist members of the U.S. military and their families. To be eligible for an NFCU credit card, you must be a member of the credit union (which is only available to active duty and retired military members), a civilian employee or retiree of the Department of Defense, a contractor who works on U.S. government installations, or an immediate family member of an NFCU member.

Rank Chart
Annual Fees


0 - 23.24%


0 - 23.24%
$0 - 116


0 - 24.99%
$0 - 59


8.24 - 18.0%
$0 - 49

The Good

  • Competitive APRs
  • Rewards programs
  • Limited annual fee
  • Low late payment fee
  • No foreign transaction fee
  • Fraud safeguards

Competitive APRs

Navy Federal Credit Union’s APRs range from 8.24 to 18.00 percent*, which is extremely competitive when compared to rates offered by other top credit card companies. However, NFCU does not offer an introductory rate of 0 percent like many other companies in the industry.

Rewards Programs

When it comes to rewards options, Navy Federal Credit Union offers several programs for its cardholders to participate in. Customers can earn cash back and points that may be redeemed for consumer items and travel.

Limited Annual Fee

Annual fees for almost every Navy Federal Credit Union card are $0, which is an awesome money-saving feature. The company does charge an annual fee of $49 for its Visa Signature Flagship Rewards card.

Low Late Payment Fee

Navy Federal Credit Union charges $20 for every late payment, which is one of the lowest fees in the industry. Most credit card companies charge late payment fees upward of $35.

No Foreign Transaction Fee

Navy Federal Credit Union does not charge a fee for foreign transactions, which is an especially nice feature for cardholders who travel frequently.

Fraud Safeguards

Each of Navy Federal Credit Union’s cards have a zero liability policy, meaning that cardholders are not held financially liable for unauthorized charges if their card is lost or stolen. In addition, all NFCU credit cards are embedded with an encrypted microchip to provide additional fraud protection.

The Bad

  • Limited availability
  • No free credit score tracking

Limited Availability

Navy Federal Credit Union’s cards are only available to members of the United States military and their families, which is very respectable. However, non-military members should be aware that NFCU’s services are not available to them.

No Free Credit Score Tracking

Some credit card companies provide their customers with free credit score tracking so that they can stay on top of their credit score. Unfortunately, Navy Federal Credit Union does not offer this benefit.

The Bottom Line

Navy Federal Credit Union offers competitive APRs, rewards programs, limited fees, and fraud safeguards. However, NFCU’s services are only available to members of the U.S. military and their families and the company does not provide free credit score tracking.

*Disclaimer: Listed interest rates were accurate as of December 2016 but are subject to change. Actual rates may differ from those listed in our review.

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