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  Navy Federal cashRewards Credit Card

Navy Federal cashRewards Credit Card

in Personal Credit Cards from Navy Federal Credit Union

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Navy Federal cashRewards Credit Card

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in Personal Credit Cards from Navy Federal Credit Union

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Community Rating

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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.

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...
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.

Availability

  Available in 50 states and Washington, D.C.
  • 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

Every Purchase (Points) 1.5% cash back on purchases
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
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
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Assistance
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%
Balance Transfer APR (Variable APR) 9.65% - 18%
Balance Transfer Fee Minimum $0
Card Type
  • Rewards
  • Balance Transfer
  • Cashback
Card Network Mastercard

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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