Initiate a balance transfer to a new or existing Navy Federal Credit Card.

Balance transfers allow you to move your current credit card balance from another lender to a new card or different card. The benefits could include lower interest rates, lower monthly payments and the opportunity to consolidate debt from multiple cards into one. Frequently, credit card companies will offer a special lowered interest rate for a period of time to encourage customers to transfer their debt.

When you complete a balance transfer, keep in mind you’re only moving your debt from one account to another—you’re not actually paying off any of it. Additionally, many credit card companies charge a fee for completing the transfer. At Navy Federal, we don’t charge a fee for this service.1 Of course, you'll need to become a member first.

What You’ll Need to Perform a Balance Transfer

  • Name and address of the other financial institution (Navy Federal accounts are excluded)
  • Your account number at that financial institution
  • The amount to transfer

Mobile Banking

  1. Sign in to mobile banking.*

  2. From your Accounts Screen, select the card you’d like to transfer to.

  3. Tap the blue More button next to your account balance.

  4. Under Account Management, tap Balance Transfer.

  5. Follow the on-screen instructions to complete your transfer.

Online Banking

  1. Sign in to online banking.

  2. On the Transfers tab, click the box in the lower right of the screen that says Make a Credit Card Balance Transfer.

  3. Follow the on-screen instructions to complete your transfer.

If you’re a member but don’t have a Navy Federal Credit Card, simply select the Balance Transfer option while you’re completing your credit card application.

Once you’ve completed the transfer, wait at least two weeks to make sure it was successful. While waiting, 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 it open may help you continue to build credit. If you think you may be tempted to rack up more charges on the card, it might be best to close the account.


1For all Navy Federal Credit Cards: Currently, rates range from 7.99% APR to 18.00% APR, are based on product type and creditworthiness, and will vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. $49 annual fee for Visa Signature® Flagship Rewards.