Platinum

The Navy Federal Platinum from Navy Federal Credit Union is a no-annual-fee, low-interest credit card designed for Active Duty and retired military members, veterans, eligible family members, and Department of Defense civilian personnel who prioritize low borrowing costs and financial flexibility. With no foreign transaction fees, balance transfer fees, or cash advance fees, this card is ideal for service members who travel frequently or need a reliable card for everyday purchases without incurring extra charges. While it does not offer a welcome bonus or rewards multipliers, the low interest rate and benefits like Rental Collision Damage Waiver make it particularly appealing for those who carry balances occasionally or want added protection on car rentals. For eligible military members seeking a straightforward, cost-efficient card with practical protections, the Navy Federal Platinum card provides dependable value without annual fees.

Issuer

Navy Federal Credit Union, established during the Great Depression by Navy Department employees, serves the financial needs of its 13 million member-owners, including military personnel, veterans, DoD employees, and their families. As the largest US credit union, it operates 354 branches worldwide in 26 countries. Offering a comprehensive range of financial products, including savings, checking, CDs, credit cards, and various loans, Navy Federal Credit Union emphasizes affordability and manageable terms. With approximately $181 billion in assets and $14 billion in annual revenue in 2024, the credit union stands as a financially stable institution. Committed to corporate social responsibility, Navy Federal prioritizes its people, purpose, and the planet, fostering employee well-being, improving members' financial health, and adopting sustainable business practices. The credit union's partnerships, such as with Alacriti for real-time payments, highlight its dedication to innovation. Navy Federal Credit Union's mission centers on member-focused, not-for-profit principles, guided by values of Service, Integrity, and Community. NCUA insured and an equal housing lender, Navy Federal Credit Union maintains regulatory compliance.

Spending Multipliers

Credits & Features