VIENNA, Va.–Navy Federal Credit Union said it has eliminated all foreign transaction fees on its credit cards.
Effective Jan. 4, Navy Federal said it will no longer charge a fee for using a credit card for foreign currency transactions.
"We always want to be doing the right things for our members, especially our Active Duty military," said Randy Hopper, vice president of credit cards at Navy Federal, in a released statement. "By eliminating foreign transaction fees, we're making it better for our members to use their credit cards, particularly while traveling or if they're based overseas.”
Navy FCU also noted there are no fees for credit card balance transfers or cash advances, and the credit union sets no limit on rewards earned for eligible purchases. All cards have no annual fee, with the exception of the Flagship Rewards Card, which offers added benefits like travel and emergency assistance for an annual fee of $49.