cancel
Showing results for 
Search instead for 
Did you mean: 

Navy Federal Balance Transfer (Existing Card)

tag
Anonymous
Not applicable

Navy Federal Balance Transfer (Existing Card)

I'm looking to take advantage of the Navy Federal balance transferto my Flagship card. I am transfering my existing balance from my Barclay Card. So if I were to transfer the balance to the Navy Federal card, where would my payments go? Do I have the option to allocate funds to my existing balance with my Navy Federal Credit card or to the amount that I transferred? Or... Do I have to pay my existing balance down first before my payments begin going toward the balance transfer amount?

 

Any help would be greatly appreciated.

Message 1 of 5
4 REPLIES 4
Gmood1
Super Contributor

Re: Navy Federal Balance Transfer (Existing Card)

Your payments will go to the current amount owed until it's paid off. The transfer will show up at the bottom of the statement with the promo expiration date.
This is why I use this card only for transfers. That keeps things neat and clean. It's easier to track what's owed that way and how to avoid paying interest.
Message 2 of 5
Anonymous
Not applicable

Re: Navy Federal Balance Transfer (Existing Card)

Thank You!

Message 3 of 5
ktl72455
Valued Contributor

Re: Navy Federal Balance Transfer (Existing Card)

Where is it on the NFCU accounts page? I log in , it was there, now today its gone, not showing on mine and 4 other peoples accounts...  only on main page before you log in. 

 

Edit**  Found the other way to do it :-)

 

Members With Existing Navy Federal Credit Cards 
Sign in to your online account, select the "Transfers" tab and "Make Credit Card Balance Transfer" on the lower right side. Be sure to transfer your existing card balance before 
Feb. 28, 2018.

From MI.
12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
6/12/20 TU 803 ~ EQ 814~ Ex 784
My Wallet: Cap1 3,500K ~FH 2950~Credit One 1750~Credit one #2 1250~Orchard Bank 400 ~NFCU nRewards 18,000~NFCU Cash Rewards 18,500 ~Care Credit 12000~Discover 6000~Lowes 5450~ Amex 5400.00 ~ Harvest King 8000 ~ Langley~Penfed~Service CRU~red stone cru~
UTL 17%
Message 4 of 5
Dalmus
Valued Contributor

Re: Navy Federal Balance Transfer (Existing Card)

By law, they can apply the minimum payment however they want. Typically, a bank will allocate it towards the lowest interest balance. Anything over the minimum payment must be allocated towards the highest interest rate balance.

Total Cards: 24 | Total Limit: $304,250


Current FICO 8 Scores: EQ: 841| TU: 815 | EX: 814


Hard Inquiries: 1

Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.