Balance Transfers
Transfer Your Balance to a Navy Federal Credit Card
Looking to lower your interest rate and reduce monthly payments? A balance transfer could help. Easily move the balance on your current credit card to a new or existing Navy Federal Credit Card.
What You'll Need
- Name and address of the other financial institution (Navy Federal accounts are excluded)
- Your account number at that financial institution
- The amount to transfer
How to Transfer a Balance with Mobile Banking
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Step 1
Sign in to mobile banking.*
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Step 2
From your Accounts Screen, select the card you’d like to transfer to.
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Step 3
Tap "Manage Card" and then select "Balance Transfer" in the Maintenance section.
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Step 4
Follow the on-screen instructions to complete your transfer.
How to Transfer a Balance with Online Banking
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Step 1
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Step 2
On the Transfers tab, click the box in the lower right of the screen that says Make a Credit Card Balance Transfer.
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Step 3
Follow the on-screen instructions to complete your transfer.
Next Steps
It can take at least 2 weeks for a balance transfer to go through. During that time, continue making payments on your old card to avoid any late fees or delinquency. Finally, decide what you want to do with your old card. Keeping an available line of credit open and not using it may positively impact your credit utilization and as a result, positively impact your score. If you think you may be tempted to rack up more charges on the card, it might be best to close the account.