Navy Federal cashRewards Credit Card Reviews (Oct. 2020) | Personal Credit Cards

Highlights
Community Rating	Rating not yet determined
Purchase APR (Variable APR)	9.65% - 18%
Balance Transfer APR (Variable APR)	9.65% - 18%
Credit Score Range	700 - 850
Annual Fee	$0

Navy Federal cashRewards Credit Card Review

Navy Federal cashRewards Credit Card is a cashback credit card issued by Navy Federal Credit Union. If you're wondering whether Navy Federal cashRewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways

Earn 1.5% cash back on everyday purchases. This is higher than the average reward rate (1% cash back) for everyday purchases.
0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
Signup bonus. Offers a signup bonus of $150 if you spend $2000 within 3 months.
Competitive APRs. Navy Federal cashRewards Credit Card has a variable purchase APR that ranges from 9.65% up to 18%.
No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
$0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
Multiple credit card benefits. Includes generous credit card perks, such as and fraud protection.
Good or better credit required. You should probably try with another card if your credit score is below 700.

Navy Federal cashRewards Credit Card Pros & Cons

The Good	The Bad
Lower than average purchase APRs. 0% APR on new purchases during the first 6 months. No annual fee. Multiple credit card perks. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Navy Federal cashRewards Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.	Not available to the general public. You must have current or past affiliation with the Armed Forces to be approved. Requires good to excellent credit.

Navy Federal cashRewards Credit Card FAQ

Is there a Navy Federal cashRewards Credit Card cash back or rewards program?

Navy Federal cashRewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Navy Federal cashRewards Credit Card you receive 1.5% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

Navy Federal cashRewards Credit Card Rewards
Rewards rate (all purchases)	1.5%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$150
Signup Bonus Spend Requirement	$2000
Signup Bonus Spend Period (months)	3 months

Does Navy Federal cashRewards Credit Card have a signup bonus?

Yes, Navy Federal cashRewards Credit Card offers card users a signup bonus worth up to $150 after spending $2000.

Does Navy Federal cashRewards Credit Card offer an annual loyalty bonus?

Navy Federal cashRewards Credit Card doesn't offer a cash loyalty bonus.

What are the Navy Federal cashRewards Credit Card benefits?

Navy Federal cashRewards Credit Card provides the following benefits:

Cellular Telephone Protection
ID Theft Protection
Reports to major credit bureaus

What are the relevant APRs for Navy Federal cashRewards Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Navy Federal cashRewards Credit Card has lower than average purchase APRs.

Navy Federal cashRewards Credit Card has a variable purchase APR that ranges from 9.65% up to 18%. The card has a variable balance transfer APR that ranges from 9.65% up to 18%. It also has a variable cash advance APR that ranges from 11.65% up to 20%. Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Navy Federal cashRewards Credit Card have an introductory APR offer on balance transfers?

No, Navy Federal cashRewards Credit Card does not come with an introductory APR offer for balance transfers.

Does Navy Federal cashRewards Credit Card have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 6 months.

Navy Federal cashRewards Credit Card Purchase Intro Offer
Description
Introductory Rate	0%
Purchase Intro APR Period (months)	6

What are the fees for Navy Federal cashRewards Credit Card?

The following fees apply to Navy Federal cashRewards Credit Card:

Navy Federal cashRewards Credit Card Fees
Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	up to $20
Late Payment Fee	up to $20

Does Navy Federal cashRewards Credit Card have a foreign transaction fee?

Navy Federal cashRewards Credit Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does Navy Federal cashRewards Credit Card report your account activity to credit bureaus?

Navy Federal cashRewards Credit Card reports your account activity to the following credit reporting agencies:

Equifax
Experian
Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Navy Federal cashRewards Credit Card

Visit the Navy Federal cashRewards Credit Card website.
Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
Check the information is accurate and submit your application.
If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters
820 Follin Ln SE
Vienna, VA 22180
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Availability

Available in 50 states and Washington, D.C.

Alabama
Alaska
Arizona
Arkansas
California
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Connecticut
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Washington, DC
Florida
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Hawaii
Idaho
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Indiana
Iowa
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Kentucky
Louisiana
Maine
Maryland
Massachusetts
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Mississippi
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Vermont
Virginia
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Feature Breakdown

Every Purchase (Points)

1.5% cash back on purchases

Navy Federal cashRewards Credit Card Community Reviews

Would you recommend Navy Federal cashRewards Credit Card to your friends?

Cash Advance Fee Minimum	$0
Foreign Currency Transaction Fee	0%
No Annual Fee
No Foreign Transaction Fee
Annual Fee	$0
Minimum Interest Charge	$0
No Interest Grace Period for Late Payment	25 days
Minimum Cash Advance Fee ($)	$0 - $1
Returned Payment Fee	Up to $20
Late Fee Amount	Up to $20

Customer Type	Personal
Minimum Age	18
Supported Income Types	Direct Deposit (W2, SSA, SSDI) Cash Payroll Check or Prepaid Card 1099 Misc. Income
Military Status	Active Duty Military Non-Military Veterans Military Dependent
Employment Statuses Considered	Employed Full-Time Employed Part-Time Other Retired Self-Employed
Immigration Status Considered	U.S. Citizen U.S. Permanent Resident
Credit Score Range	700 - 850 850 300 700

No Reward Expiration Period
Rewards Rates	Every Purchase
Signup Bonus	$150
Rewards Type	Cash Back

Cash Advance APR (Variable APR)	11.65% - 20%
Balance Computation	average daily balance (including new transactions)
Penalty APR (Variable APR)	18%
Purchase APR (Variable APR)	9.65% - 18%

Card Type	Rewards Balance Transfer Cashback
Card Network	Mastercard

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