Navy Federal Credit Card

Navy Federal Credit Card Review

Navy Federal Credit Card is offered by the Navy Federal Credit Union, which is a financial services provider in the United States of America. Using the credit card of the credit union, the users can purchase the stuff from the retail and e-commerce stores in the country on credit. The credit card of Navy Federal Union comes is one of the lowest APR (interest rate which the users of the card have to pay at the end of the billing period) and a number other benefits which make the deals highly lucrative for the consumers. Users who do not like to make purchases using cash money can use the credit card of the credit union for making payments. They can swipe the credit card in the retail stores or use the credit card information for making online payments. In this article, we will discuss in detail all the information, terms & conditions and benefits of the credit card of Navy Federal Union.

Navy Federal Credit Union is one of the oldest institutions in the country offering a wide range of financial services to its members. It offers a wide range of services where the credit card service is only one of the services. Some of the services offered by Navy Federal Credit Union are mortgages, consumer loans, investments, credit cards, Savings, checking, and online banking. These services are only available to the members of Navy Federal. The membership of Navy Federal is only open to the employees of organizations associated with the defense of the country whose complete list can be obtained from the website of the credit union. Below we will discuss some of the general information about the Navy Federal Credit Union, in order to educate our readers about it:

Navy Federal Credit Card

Navy Federal Credit Card

Some of the significant points about Navy Federal Credit Union are as follows:

  1. It is a financial services provider in the United States of America to the members of the organizations associated with the defense of the country and their list can be obtained from the website of the union. It was founded in 1933 having a life of almost 64 years while the roots of the union have been strengthened over the course of time when the merger of the union with other institutions in different parts of the country was carried out. The first branch of the credit union was founded in the District of Colombia, USA.
  2. It has been listed as a financial services provider in its listing services.
  3. Some of the popular products offered by the corporation are Credit Cards and Payments Solutions to the people who are eligible for the services offered by the Navy Federal Credit Union. The credit card business of the union is one of the top services offered by it and they are most popular in the United States of America among the members of the credit union.
  4. Navy Federal Credit Union offers the world’s top financial services such as loans, financing, credit cards for the retailers and business in order to assist the members of the union to buy the products. Some of the popular services offered by Navy Federal Credit Union are mortgages, consumer loans, investments, credit cards, Savings, checking, and online banking.
  5. Navy Federal Credit Union is a Credit Union. It is also a wholly owned subsidiary in the United States of America, which owns the Navy Federal Financial Group (CUSO). It was previously known as the Navy Department Employees’ Credit Union in the District of Columbia but in the reign of President Roosevelt, Federal Credit Union Act was passed and over the course of time, its name was changed to Navy Federal Credit Union. Today, the credit cards of the credit union are offered under the name of Navy Federal Credit Union, which are powered by MasterCard. The parent credit union runs various subsidiaries and chains in different parts of the United States.
  6. Navy Federal Credit Union has its headquarter located in the State of Virginia of the United States of America while there are a number of branches of the credit union spread all over the country. The Financial services provider credit union operates more than 300 branches in different locations in the United States from where it is providing financial services and credit card services as listed above.
  7. It is the largest credit union all over the world in terms of the number of people who are its members and the net assets owned by the credit union. The members of the union, as well as the size of the union, keep on increasing with the inclusion of more and more members.
  8. The current president and the CEO of Navy Federal Credit Union are John Lockard and Cutler Dawson.
  9. Navy Federal Credit Union is one of the major assets holding credit union in the United States, as the assets of the union in the year 2018 are $95.3 Billion.
  10. Navy Federal Credit Union is one of the biggest members boosting credit union in the world with 8 million people currently members of the union at its different locations all over the country.
  11. Navy Federal Credit Union is one of the biggest employers in the world with 15, 000 employees currently working for the credit union at its different locations all over the country.
  12. The credit union also has one of the biggest customer bases all over the country for the services provided by it. There are hundreds and thousands of customers’ in the country who are getting benefits of the services offered by the branches of the Navy Federal Credit Union.
  13. The credit union also maintains a healthy online presence, which serves as the go-to news update forum of the credit union. The Online Website of the credit union is {navyfederal.org}
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Navy Federal Credit Union Credit Card

Navy Federal Credit Union offers a credit card in order to assist the customers in paying for the services that they need from Navy Federal Credit Union credit card supporting retail chains and their affiliates. The users can swipe the credit card and make payment. They can also use the credit card for making payments online by using the information of the credit card as desired by the online retailer. While they make payment through the credit card, there is a possibility to get some discounts on the value of the purchase. We will discuss in detail the benefits of getting the Navy Federal Credit Union credit card if you are a regular customer of the products and services offered by the stores, which support the credit cards of the credit union.

Types of Credit Cards of Navy Federal Credit Union

There are different types of credit cards offered by Navy Federal Credit Union. The names and specialty of the credit cards are as follows:

  1. Cash Rewards Credit Card: You can get the cash rewards by making payments through the credit card of Navy Federal Credit Card. The APR on this card is only 11.65 – 18%. No Annual fee needs to be paid while making payments through this card.
  2. Navy Federal More Rewards American Express® Card: You can get the Reward points by making payments through the credit card of Navy Federal Credit Card. The APR on this card is only 11.65 – 18%. No Annual fee needs to be paid while making payments through this card.
  3. Visa Signature Flagship Rewards Credit Card: You can get the flagship points on travel spending by making payments through the credit card of Navy Federal Credit Card. The APR on this card is only 11.99 – 18%. No Annual fee needs to be paid while making payments through this card.
  4. GO Rewards® Credit Card: You can get the flagship points on restaurant spending by making payments through the credit card of Navy Federal Credit Card. The APR on this card is only 11.99 – 18%. No Annual fee needs to be paid while making payments through this card.
  5. Platinum: You can get the minimum monthly payment facility by making payments through the credit card of Navy Federal Credit Card. The APR on this card is only 7.99 – 18%. No Annual fee needs to be paid while making payments through this card.
  6. nRewards® Secured Card: You can get the flagship points and rewards by building and repairing your credit through the credit card of Navy Federal Credit Card. The APR on this card is only 11.99 – 18%. No Annual fee needs to be paid while making payments through this card.
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MasterCard powers the credit card of Navy Federal Credit Union, which is one of the major payment and transaction processing companies in the world.

MasterCard.

It is one of the oldest financial electronic funds transfer services providing corporation all over the world as it was founded in 1979 having a life of almost 39 years. When it was founded, it was known as “interbank” or “Master Charge” but in the later years, it was renamed as MasterCard. It was founded in the State of New York of the United States of America. Headquarter of the credit union is also located in the New York state. It has been listed under Financial Services in its business listing.

Credit Card Services of MasterCard

The bank is offering a wide range of services in the field of Finance and Insurance including credit cards and payment services. It is one of the major transactions processing corporation in the United States of America as the corporation is currently processing more than 100 billion transactions every year having a capital value in trillions. More than 25, 000 financial institutions all over the world are now offering the cards powered by MasterCard Corporation. The VISA financial Corp operates the entire world as the services offered by the credit union are employed banks all over the world.

The Credit union is listed in the New York Stock Exchange under the trading symbol “MA”. It is also a part of the S&P 100 and S&P 500 index. The credit union also manages huge capital and it has yearly revenue of around $12.497 Billion while the net income of the credit union is usually in the range of $4 billion. The total assets owned by the credit union are in the range of $21 Billion.

Top 10 Services and Perks available to the users of the Navy Federal Credit Union Credit Card

  1. Cash Back: Navy Federal Credit Union credit card offers the highest cash back rewards among the various commercial credit cards in the world. Cashback is a source of amazing discounts for the people as it lets them get the prices at discounted rates as well as purchase more stuff by paying less. Cash backs are offered when something is purchased through the credit card. It means that some amount is returned back to the users, which can then be used in purchasing other stuff. Rewards Credit card is the best source to get these kinds of Cashback rewards.

 

  1. Discounts: Some of the highly lucrative discounts are available for the users of the Navy Federal Credit Union credit card on purchase of stuff from the stores of the credit union or from the affiliated stores. When the users purchase gas from the affiliated gas stations of Navy Federal Credit Union, they get a discount of 3 cents on the 1-gallon purchase. It is to be stated that the discount is available on the purchase of an unlimited quantity of gas.

 

  1. No Annual Fee: Navy Federal Credit Union credit card is highly lucrative to the users as they can get the credit card and do not need to pay an annual fee. Most of the Credit Cards in the world require some annual fee to be paid for using the credit card. The annual fee has to be paid no matter if you use the card or not. The annual fee run in several dollars which is usually a huge amount for certain users. However, in the case of Navy Federal Credit Union credit cards, no annual fee needs to be paid which saves quite a few dollars for the users. No annual fee or any other additional charges if the dues of the credit card are paid well in time.
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However, it should be mentioned that a membership fee needs to be paid in order to be eligible to get the Navy Federal Credit Union Credit Card. The details of the membership fee have been discussed above. It must be said that while a membership fee needs to be paid to become a member of the credit union as per the policy of the credit union which can be studied on the online site of the union. Some interest charges may involve if the due date of the pending payments is crossed. It is advisable to pay the credit card fee on time in order to avoid any additional charges.

 

  1. Cash Advance: Navy Federal Credit Union Credit Card allows you to take the cash out from an ATM. Most of the credit cards do not offer this service and allow the users to take the cash advance from the credit card but the Navy Federal Credit Union credit card does that. This is a great service considering that sometimes the users need cash money in order to do something which cannot be done with the credit card swiping and hence the Navy Federal Credit Union facilities them in this way. Only a reasonable amount of fee has to be paid which is usually very high in other cases.
  2. Online Account Management: The users of the credit card of the credit union have access to an online account where they can manage their purchases and make payments as per their needs. The online account allows the customers to stay organized as per their standards.

 

  1. Zero Fraud Liability: The users of the credit card zero fraud liability, which means that when an unauthorized purchase is made through the credit card of the store, the store refunds the amount irrespective of the value. This is one of the best services, which have earned the trust of the customers.

 

  1. Foreign Transaction Fee: When the users travel around the world and try to make a purchase with the help of the credit card that they are using, high foreign transaction fees are applicable. These foreign transaction fees are usually high which scar the usability of the card outside the country.

 

  1. Additional Services: There are a number of other services and protections, which are offered to the users of the Navy Federal Credit Union credit card. Some of the additional services are the insurance claims for a number of products.

 

  1. Customer Service: The customer services offered by Navy Federal Credit Union is one of the best among all the credit card services provider. The customer services are offered 24/7 and the users can ask Solutions to their issues at any time. The customer service has been best rated by the users as judged by the reviews on the internet.

How can you apply for a Navy Federal Credit Union Credit Card?

You can apply for the credit card of the union if you are a member of the Navy Federal Credit Union.  When you apply for the credit card, you need to visit the website of the credit union where the credit cards are listed. The link to the website is {https://www.navyfederal.org/loans-cards/credit-cards/}