Skip to main content

How is the Nav Prime Card different from a credit or debit card?

Updated over a month ago

The Nav Prime Card is a daily repayment charge card designed to help you build business credit without accruing interest or carrying a balance.

Unlike a secured credit card, the Nav Prime Card requires no up-front deposit.

Unlike a debit card card, the Nav Prime Card allows you to build credit and isn’t tied to one specific checking account. You can autopay your balance from the linked bank account of your choice at the end of each day.

Feature

Nav Prime Card

Credit card

Debit card

Interest

No

Yes

No

Carries a balance

No

Yes

No

Builds credit

Yes

Yes

No

Minimum deposit

No

No

Yes

Nav Technologies, Inc. is a financial technology company and not a bank. Banking services provided by Thread Bank, Member FDIC. The Nav Visa® Business Debit Card and the Nav Prime Charge Card are issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa cards are accepted. See Cardholder Terms for additional details. All other features of the Nav Prime membership are not associated with Thread Bank.

With regard to credit building features: scores are calculated from many variables; some users may not see improved scores. The Nav Prime Charge Card is a business financing product and may not be used for personal, family or household transactions.

Did this answer your question?