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cashRewards Credit Card

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cashRewards Credit Card

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Overview

Who is cashRewards Credit Card Designed For?

The cashRewards Credit Card is designed for people with good to excellent credit who are members of Navy Federal Credit Union and are looking for a credit card with no annual fee, no balance transfer fee, low rates, and an easy to use cash back rewards program. However, the Navy Federal Credit Union is only open to people who are affiliated with the Armed Forces, either directly or through a relative or household member.

The Navy Federal Credit Union was founded in 1933. When it started it had seven members, now it has over 6.7 million members and over 78 billion dollars in assets. Bauer Financial gives it five stars and it has an A rating with the BBB.

What are cashRewards Credit Card's Rates?

The rates for purchases and balance transfers range from 11.15% APR to 18.0% APR, depending on the creditworthiness of the member. Cash advance rates are 2% above a cardholder's purchases APR. There is an 18.0% APR penalty rate that is triggered when a cardholder is late on payments.

What Are the Fees for cashRewards Credit Card?

The cashRewards Credit Card has no annual fee. ATM cash advances are free when performed at a Navy Federal Branch or ATM. Otherwise, there's a $0.50 fee on domestic cash advances and $1 on international cash advances. Foreign transactions have no fee.

What Is cashRewards Credit Card's Rewards Program Like?

The cashRewards Credit Card has a straightforward cash back rewards program that gives 1.5% back on every transaction. There is no limit to the cash back you can earn, rewards never expire, and members can redeem their cash back as soon as they earn it. A cardholder who spends an average of $1,000 a month in purchases will earn $180 in cash back a year.

What about cashRewards Credit Card's Signup Bonus?

There is no signup bonus. 

Does cashRewards Credit Card Have Any Other Benefits?

The Navy Federal's cashRewards Credit Card gives cardholders Visa benefits including collision damage waiver on car rentals, travel and emergency assistance, and cell phone insurance coverage.

How Is cashRewards Credit Card Better Than Other Credit Cards?

The cashRewards card offers prime benefits and low rates without charging an annual fee. It also packs an easy to use cash back rewards program with a flat 1.5% reward rate. It is rare for a card to combine all these features. The rub is that only Navy Federal Credit Union members can qualify for this credit card and its membership is restricted to people affiliated with the armed forces and their relatives.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period
25
Annual Fee
$0
No Annual Fee
Foreign Currency Transaction Fee
0%
No Foreign Transaction Fee
Late Payment Penalty
$20
Returned Payment Fee
$20
Military Status
  • Active Duty Military
  • Military Dependent
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range
700 - 850
850 300 700
Minimum Age
18
Customer Type
Personal
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Fraud Liability
  • ID Theft Protection
  • Travel Assistance
Car Rental Insurance
Fraud Liability
Rewards Categories
  • Every Purchase
Every Purchase
1.5%
No Reward Expiration Period
Cash Advance APR
(Variable APR)
13.15% - 18%
8% 27%
Purchases APR
(Variable APR)
11.15% - 18%
0% 29%
Balance Computation
average daily balance (including new transactions)
Penalty APR
18%
Balance Transfer APR
(Variable APR)
11.15% - 18%
8% 29%

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Other Personal Credit Cards

Navy Federal Credit Union Personal Credit Cards

Product

Reviews

Purchases APR

Balance Transfer APR

Annual Fee

Credit Score Range

Navy Federal Go Rewards Credit Card
Purchases APR
(Variable APR)
10.49% - 18% 0% 29% Variable APR
Balance Transfer APR
(Variable APR)
10.49% - 18% 8% 29% Variable APR
Annual Fee $0 Annual Fee
Credit Score Range 640 - 850 300 850