Navy Fed Invades New Card Markets

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VIENNA, Va. – Navy FCU said this morning it is launching a new effort to attract members and customers from competing lenders by offering a 0% rate for all credit card transfers from other issuers for 12 months.
The limited time offer is available on any of Navy Federal's credit card programs and comes with no balance fee transfers.
"This is an unprecedented offer in the card industry today," said Randy Hopper, credit card portfolio manager for the $45 billion credit union. "While other issuers have 0% balance transfer rate offerings, they typically include a balance transfer fee of 3% to 7% which can cost cardholders up to $350 on a $5,000 balance, but Navy Federal's offer has no fees."

The balance transfer offer is available for new or existing Navy Federal credit cards. Existing credit card account holders may request a credit line increase if it is needed for the balance transfer offer. The offer is only valid for balances transferred from other card issuers. 

VIENNA, Va. – Navy FCU said this morning it is launching a new effort to attract members and customers from competing lenders by offering a 0% rate for all credit card transfers from other issuers for 12 months.

The limited time offer is available on any of Navy Federal's credit card programs and comes with no balance fee transfers.

"This is an unprecedented offer in the card industry today," said Randy Hopper, credit card portfolio manager for the $45 billion credit union. "While other issuers have 0% balance transfer rate offerings, they typically include a balance transfer fee of 3% to 7% which can cost cardholders up to $350 on a $5,000 balance, but Navy Federal's offer has no fees."

The balance transfer offer is available for new or existing Navy Federal credit cards. Existing credit card account holders may request a credit line increase if it is needed for the balance transfer offer. The offer is only valid for balances transferred from other card issuers.

 

 

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