Rated among one of the best credit cards in the nation, and the best among U.S. credit unions, by CardTrak, Navy Federal Credit Union is lowering the APR for its Platinum and GO REWARDS credit cards, effective June 30.
Platinum’s variable rate will drop two percentage points to 6.74%, and GO REWARDS’ variable rate will lower to 9.74%.
Both credit cards have no annual, foreign transaction, balance transfer or cash advance fees.
It make no sense given rates are rising across the credit card industry in the U.S. CreditCards.com reports the average credit card APR hit an all-time high of 16% this week.
Navy Federal’s GO REWARDS credit card—named “Best Credit Union Card for Military” by NerdWallet—earns 3 points at restaurants, 2 points on gas and 1 point on everything else. The points can be redeemed for cash, travel, gift cards and merchandise, with no limit on points earned. GO REWARDS is the option for members who value low to no fees and rewards that quickly add up.
Navy Federal Credit Union is the world’s largest credit union, with more than $82 billion in assets, 7 million members, 298 branches and a workforce of over 15,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Duty, veterans, civilian and contractor personnel and their families.