Rating: 5 Stars
Bottom Line:
For Members of the Armed Forces and Their Families
TABLE OF CONTENTS
Card Details
| Regular APR: | 11.65 – 18.00% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | 1.5% cash back on purchases |
| Credit Needed: | (580 – 850) Average/Fair/Good/Excellent |
| Annual Fee: | None |
| Card Brand: | Mastercard |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Earn $250 bonus cash back when you spend $2,500 within 90 days of account opening
- 1.5% cash back on purchases
- Start redeeming rewards as soon as you earn them
- No rewards limit
- No rewards expiration while account is open
Is Navy Federal cashRewards worth it?
Navy Federal cashRewards Credit Card is a great card for Navy supporters and members of all branches of the armed forces as well as their families. Cardholders earn 1.5% cash back on purchases and $250 bonus cash back when you spend $2,500 in the first 90 days. The cash is deposited in your savings or checking account or posted as a credit on your statement.
The APR is low and there is no annual fee, no foreign transaction fee, and no cash advance fee if performed at a Navy Federal branch or ATM. This is simply a great card for members of the armed forces and their families.
Pros
- Sign up bonus of $250 bonus cash back when you spend $2,500 within 90 days of account opening is competitive with bonuses offered by big banks
- APR is low
- No foreign transaction fee
- No annual fee
Cons
- Navy Federal Credit Union only open to members of all branches of the armed forces and their families
- No 0% Intro APR period
Why 5 Stars?
Regular APR
5 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | None |
| Balance Transfer Fee | No Balance Transfers Allowed |
| Cash Advance Fee | None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction |
| Penalty APR | 18.00% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Baggage Delay Reimbursement |
| Concierge Service |
| Emergency Card Replacement |
| Emergency Cash Disbursement |
| Extended Warranty Protection |
| Lost Luggage Reimbursement |
| Travel Accident Insurance |
| Price Protection |
| Purchase Protection |
| Return Protection |
| Roadside Dispatch |
| Travel and Emergency Assistance |
| Trip Cancellation/Trip Interruption Reimbursement |
| Trip Delay Reimbursement |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
Credit Cards Research:
Best Credit Cards for 2021
These are the best credit cards for 2021.
Best Credit Cards for Excellent Credit
If you have excellent credit, check out these cards. These are the best cards for excellent credit with travel rewards and cash bonuses.
Best Credit Cards to Pay off Debt
The fastest way to pay off credit card debt is by transferring a balance to a 0% APR credit card. These are the best balance transfer cards on the market.