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VISAVisa Traditional

Navy Federal Credit Union Platinum Card

Annual Fee

Source: Issuer Page

Apply on Navy Federal's site

At a Glance

Annual Fee

Foreign Transaction Fee

Network

Visa Traditional

Credit Required

Good to Excellent

Benefits & Perks

Insurance & Protections

Zero liability for unauthorized charges

You're protected against fraudulent transactions made without your permission when reported promptly

Collision Damage Waiversecondary

With your Navy Federal Visa or Mastercard, you automatically have Collision Damage Waiver (CDW) coverage when you rent a car for 15 days or less and

Zero Liability on unauthorized charges

You won't be held responsible for unauthorized charges made in store, online, or via mobile device.

Purchase protection up to $500 per claim for 90 days$500

Get coverage for damage or theft on eligible purchases made with your card within 90 days of purchase

Reviews & Analysis

Pros and Cons

Pros

+No annual fee
+Low APR designed for balance carriers
+Good to excellent credit typically required
+No foreign transaction fee (typical of Navy Federal)
+Simple card with no complex terms

Cons

-Earns zero rewards on any purchases
-No welcome bonus
-No travel benefits or purchase protections beyond basic
-Limited to Navy Federal membership eligibility (military, DoD, family members)
-Opportunity cost of not earning rewards on spending

Details & Terms

Payment Terms

Purchase APR	10.24%–18% (Variable)
Cash Advance APR	18% (Variable)
Foreign Transaction Fee	$0

Media & Resources

Evidence Sources

Source	Verified	Citation
CardRatings	—	CardRatings
RewardsCC API	—	RewardsCC API
Issuer Page	Jul 29, 2026	Issuer Page: Apr
Issuer Page	Jul 29, 2026	Issuer Page: Multiple card facts
Issuer Page	Jul 29, 2026	Issuer Page: Apr

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24/7 lost/stolen card assistance worldwide

Emergency card replacement and cash disbursement services available 24/7 worldwide for lost or stolen cards.

Travel and Emergency Assistancesecondary

It's help when you don't know where to turn. Count on a wide range of emergency services available whenever and wherever you need them, 24/7. This

Best For

✓Military members carrying balances who want low interest rates
✓Those prioritizing low APR over rewards
✓Members seeking a no-annual-fee card for financing large purchases
✓Individuals building or rebuilding credit

Not Ideal For

✗Anyone who pays their balance in full each month (no rewards to earn)
✗Those seeking cash back, points, or travel rewards
✗Consumers who want premium card benefits
✗Non-military members (requires Navy Federal membership eligibility)