cashRewards Credit Card Review

cashRewards Credit Card is a cashback credit card issued by Navy Federal Credit Union. 

This card is designed for people with good credit. The minimum credit score to apply is 700. If you're wondering whether cashRewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of cashRewards Credit Card

The Good

The Bad

Start redeeming rewards as soon as you earn them No annual fee No foreign transaction fee No rewards limit or expiration Lower than average purchase APRs. No annual fee. Has an introductory APR rate on balance transfers of 1.99%. Multiple credit card perks. Cardholders can earn rewards on their purchases. Offers auto rental collision damage waiver. Free access to your credit score. Travel Assistance. No foreign transaction fee. Earn rewards on every purchase. cashRewards Credit Card reports to multiple credit bureaus.

Not available to the general public. You must have current or past affiliation with the Armed Forces to be approved. No cash back categories. Customers cannot boost their cash back earnings with any specific purchases.

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

cashRewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With 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.

cashRewards Credit Card Rewards

Rewards rate (all purchases)	1.5%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$250
Signup Bonus Spend Requirement	$2500

What are the cashRewards Credit Card benefits?

cashRewards Credit Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Zero fraud liability
• Cellular Telephone Protection
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for 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. cashRewards Credit Card has lower than average purchase APRs.

cashRewards Credit Card has a variable purchase APR that ranges from 11.9% up to 18%. The card has a variable balance transfer APR that ranges from 11.9% up to 18%. It also has a variable cash advance APR that ranges from 13.9% up to 20.9%. 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.

cashRewards Credit Card Balance Transfers

Description
Balance Transfer APR	11.9% - 18%
Introductory Rate	1.99%
Intro APR period (months)	12

cashRewards Credit Card Rates & Terms

Description
Balance Computation	average daily balance (including new transactions)
Purchase APR	11.9% - 18%
Credit Limit	N/A
Penalty APR	18%
Cash Advance APR	13.9% - 20.9%
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the cashRewards Credit Card fees?

The following fees apply to cashRewards Credit Card:

cashRewards Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	0%
Minimum Balance Transfer Fee	$0
Returned Payment Fee	up to $20
Late Payment Fee	up to $20

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

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 score.

How to apply for cashRewards Credit Card

• Visit the 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.