topic Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18% in Credit Cards

NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 09:49:06 GMT

I received an email from Navy Federal advising effective 10/1/2025 the APR on my Platinum will increase from 10.2 % to 18%. The email also mentions my Credit Limit will decrease. My credit limit is 24,000.

I have no idea why. I have no lates or issues with the account. I just paid the account off a few months ago. I was going to use this account for a large purchase I will be making. NOTE I said was. This card will go in the sock drawer. The email did say this is due to the economy.

I have had no issues with any other accounts. No lates. I normally pay my cards off before the statement cuts. My utilization is at 1% .

I received the email this morning. Right now I'm happy with my credit and finances so I'm not going to worry about it. Just thought I would share this.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

JoeRockhead — Wed, 06 Aug 2025 10:15:57 GMT

Did they say what they were decreasing your limit to?

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 10:21:31 GMT

@JoeRockhead I don't know what the limit will be decreased to yet. I suppose that will come in a different email. Really strange. I have had no issues that I know of. Always pay my bills and if it's a big purchase I always pay well over the minimum so I can pay it off.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

JoeRockhead — Wed, 06 Aug 2025 10:47:20 GMT

@Rebuild2019 I have to say my curiosity would get the better of me here to where I'd at least call them and say... what's up?.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 10:55:06 GMT

@JoeRockhead I may call and I may remember where I am now.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

coldfusion — Wed, 06 Aug 2025 12:12:57 GMT

Is there something specific in your email advising of an actual CLD or are you thinking the "We're also revising the Your Credit Limit and the Maximum Amount You Owe Navy Federal section to clarify when a credit limit change may occur." sentence means you're definitely getting one? That sentence in itself is just giving notice of an upcoming change to the T&C.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 12:40:06 GMT

@coldfusion It says

We're also revising the Your Credit Limit and the Maximum Amount You Owe Navy Federal section to clarify when a credit limit change may occur."

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Vinjints — Wed, 06 Aug 2025 12:59:29 GMT

Did you use the card for a large BT? If so, what was the total UTI on the plat and how long did you carry it before paying it off?

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

coldfusion — Wed, 06 Aug 2025 19:19:10 GMT

@Rebuild2019 wrote:
@coldfusion It says

We're also revising the Your Credit Limit and the Maximum Amount You Owe Navy Federal section to clarify when a credit limit change may occur."

That's just a mandated notice to inform that they're also making an update to the Terms & Conditions that will take effect at the same time as the APR revision. That isn't a notice of a credit limit decrease.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 21:31:52 GMT

Thanks @coldfusion

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 21:35:31 GMT

@Vinjints No. I did a balance transfer paid that off and they sent me an offer for another. Haven't had any problems with them. I always try to keep my utilization low. I won't use a balance transfer if it's going to make my utilization high. Thanks

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

crystal626 — Wed, 06 Aug 2025 21:43:04 GMT

Are you sure this is an APR increase and not a cash advance APR increase? I just got an email from Navy Federal on my Cash Rewards about this but it's the cash advance APR that's going up, not the purchase APR.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Wed, 06 Aug 2025 22:10:40 GMT

@crystal626 @I decided to call because I have had zero issues. They been sending me PreApprovals for mortgage loans. I got something for a vehicle loan and so on.

I looked at it wrong and it is for the cash advance!!!! Not interested in a cash advance. Happy about that!!! Thanks @crystal626 Thanks @JoeRockhead Thanks @Vinjints Thanks @coldfusion
It was the first email I read this morning when I got up.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Vinjints — Wed, 06 Aug 2025 22:24:29 GMT

The sky is not falling!!

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

gingerflower — Thu, 07 Aug 2025 01:22:20 GMT

@Rebuild2019 LOOKS LIKEYOU GOT YOUR ANSWER !!

I would call Nfcu to ask why the APR had suddenly change and why is your CL going to be decreased. Very odd email.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Windchill92 — Thu, 07 Aug 2025 03:14:34 GMT

I got the same email.

Was worried I did something wrong, then saw it was cash advance and then I couldn't careless.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Yasselife — Thu, 07 Aug 2025 17:34:36 GMT

Thanks for sharing this; it’s definitely frustrating to see such a sharp APR increase, especially when you’ve done everything right: no lates, low utilization, and paying in full. It really highlights how even responsible cardholders aren’t immune to economic-driven changes by lenders.

Putting the card in the sock drawer sounds like a smart move, especially if they’re going to reduce your credit limit anyway. Hopefully, this is just a precautionary adjustment on their part and not a broader trend with NFCU. Keep doing what you’re doing; sounds like you’ve got your credit and finances in great shape. Appreciate the heads-up.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Rebuild2019 — Thu, 07 Aug 2025 18:05:40 GMT

@Yasselife I checked my email as soon as I got up yesterday and actually read the email wrong. It's the APR on the cash advance that is going up to 18%. I have never used the card for a cash advance before. I found out when I called Navy Federal.

I have a checking, 2 savings and a savings for my granddaughter so yeah I was a little concerned. Thanks for understanding. Yeah I did feel like I was on the right track with them. Thanks again

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

Yasselife — Fri, 08 Aug 2025 09:59:37 GMT

Ah, that makes a lot more sense now; glad to hear it’s just the cash advance APR going up and not the purchase APR. Since you’ve never used the card for cash advances, it really won’t affect you at all. Sounds like you’re in good standing with Navy Federal, and it’s great you have multiple accounts with them, including savings for your granddaughter. Definitely nothing to worry about in this case.

Re: NFCU PLATINUM CARD APR INCREASES FROM 10.2 % TO 18%

SouthJamaica — Wed, 13 Aug 2025 14:59:41 GMT

I got my notices yesterday.

The notices said they were lowering my credit limits.

Actually it appears that just the cash advance limits were lowered.