Finally...Navy Federal CLI (2024)

FAQs

What credit score do you need to get a credit card from Navy Federal? ›

If you have average credit — generally defined as FICO scores between 630 and 689 — and are eligible to apply for it, the Navy Federal Credit Union® cashRewards Credit Card is a great deal: It offers a solid rewards rate of up to 1.75% cash back on all purchases, if you qualify, for an annual fee of $0.

The Navy Federal credit card approval requirements include a credit score of at least 700 (good credit), in most cases. You might be able to get other Navy Federal Credit Union credit cards with bad credit. You also have to be an NFCU member to apply for one of their credit cards.

When you just opened the card or requested a credit limit increase: Many card issuers require you to wait at least three months after account opening before requesting a credit limit increase.

Our FreshStart Checking is a second chance account for those who may have a record of accounts in unfavorable standing with other financial institutions. Mistakes are made but should never define who we are.

Everyone who gets approved for the Navy Federal Platinum Credit Card is guaranteed a credit limit of at least $500, but the higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.

A new analysis from CNN found Navy Federal Credit Union, the largest credit union in the US serving military service members and veterans, denied more than half of its Black conventional mortgage applicants.

Whether you're working to build your credit or are in the process of repairing it, Navy Federal Credit Union is here for you. Learn more about our products and services that can help, such as our secured credit card.

No, Navy Federal does not give instant approval, but applicants could be approved the same day. If Navy Federal Credit Union needs to verify any of your information, the approval process may take a little longer, but you can expect to get the funds the same day you're approved and you accept the offer.

Navy Federal Credit Union may verify income by requesting financial information like pay stubs, bank statements, or W-2 forms. In other cases, they'll just use credit report information. Either way, you will also have to meet other Navy Federal Credit Union requirements to be considered for loan approval.

How does Navy Federal verify eligibility? ›

You'll need your personal information and a method to fund your account. Text, Social security number, Driver's license or government ID, Credit card or bank account and routing number.

Navy Federal's savings, checking, Share certificates and Money Market Savings Accounts (MMSAs) are insured for up to $250,000.

You can use biometrics like a fingerprint or facial recognition to sign in. It's a great security feature because if you lose your phone, it won't allow others to access your account.

We like to see at least three months of on-time payments on an existing Navy Federal Credit Card account before approving an increase to its credit limit. We generally grant credit limit increases on an existing credit card account no more than once every six months.

There's a maximum of one loan per certificate.

No, you cannot have more than one loan with Navy Federal Credit Union since the company only allows applicants to have one loan at a time. The only way to get another loan with Navy Federal Credit Union is to fully pay off your original loan and apply for a new loan.

Overdraft Protection Fees

You can only be assessed one overdraft fee per day per account. OOPS is available up to $500, but your account may become overdrawn up to $550 to accommodate fees or a transaction.