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The Verdict: Offering some of the lowest purchase interest rates in the country, Navy Federal Credit Union — as its name suggests, this credit union serves current and former members of the U.S. Navy — offers some of the most attractive credit cards available to consumers. The Navy Federal Visa Platinum credit card is no exception. Though this isn’t a rewards card, it’s a good choice for anyone looking for a basic credit card thanks to its low purchase interest rate.
Overview: The Navy Federal Platinum Credit Card comes with one of the lowest purchase interest rates that CreditShout has seen. Of course, you’ll need good credit to qualify for the card’s best rate. The low rates, though, make this an excellent card for consumers who carry a credit-card balance from month to month.
How This Card Works: This is a standard credit card. It does not offer a cash-back or rewards program.
Travel & Shopping Benefits: Because this Platinum card is not a rewards card, it does not allow consumers to earn points toward merchandise or cash back. It does however come with an interest rate that is extremely attractive.
Fees: The purchase interest rate attached to the Navy Federal Visa Platinum card can be as low as 7.99 percent, depending on the strength of your credit. The card also comes with no annual fee and no balance-transfer fee.
- Low interest rate.
- No annual fee.
- No balance-transfer fee.
- No rewards program.