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cashRewards Credit Card

in Personal Credit Cards

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cashRewards Credit Card

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in Personal Credit Cards

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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

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

No Fees
Grace Period for Late Payment (Days)
25
Annual Fee
$0
Foreign Currency Transaction Fee
0%
No Annual Fee
 
No Foreign Transaction Fee
 
List of Fees
Late Payment Penalty
$20
Returned Payment Fee
$20
Minimum Age
18
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type
Personal
Car Rental Insurance
 
Fraud Liability
 
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Fraud Liability
  • Identity Theft Protection
  • Travel Assistance
Every Purchase
1.5%
No Reward Expiration Period
 
Rewards Categories
  • Every Purchase
Percentage
Purchase APR
(Variable APR)
11.15% - 18%
    0% 29%
Percentage
Cash Advance APR
(Variable APR)
13.15% - 18%
    8% 28%
Balance Computation
average daily balance (including new transactions)
Penalty APR
18%
Percentage
Balance Transfer APR
(Variable APR)
11.15% - 18%
    8% 29%

Reviews

 
 

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Other Personal Credit Cards

Navy Federal Credit Union Personal Credit Cards

Product

Reviews

Purchase APR

Balance Transfer APR

Annual Fee

Credit Score Range

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