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With more than 5 million members, Navy Federal Credit Union is one of the most visible credit unions in the U.S. Launched in 1933, it caters to men and women who’ve served in the armed forces, Department of Defense, Coast Guard or National Guard. Whether you’ve left the military, switched employers, retired or moved, Navy Federal says it stands by the motto, “Once a member, always a member.” Navy Federal offers a wide range of credit cards, which you’ll want to use wisely to avoid high interest or debt. Keep in mind the right credit card for you will vary by how you spend. Here’s how to choose one, along with an overview of the various credit cards Navy Federal offers.
How to Pick a Navy Federal Credit Card
When applying for a credit card, it’s good to have done your homework beforehand. Navy Federal offers five different cards, several of which are cards that offer cash back, no annual fees or low interest rates.
If you like to travel, a travel rewards card, which offers perks on airline miles, checked bags and room upgrades, may be a better fit than what Navy Federal offers. Just remember to spend wisely so you don’t lose your hard-earned rewards to high interest or debt. If saving on everyday purchases is a bigger priority, you can opt for a cash back credit card like those offered by Navy Federal. These cards reward spending on regular items like gas, restaurants and retail. If your credit is poor, a secured credit card, which requires a cash deposit that serves as your credit line, may be the better option for rebuilding your credit. (You can view your credit score for free on Credit.com.)
Now that we’ve explained what Navy Federal offers, read on for our reviews, based on perks and overall terms. For full details on each card, please see the card agreements.
Our Review of Navy Federal Credit Cards
Navy Federal cashRewards Card
Card Highlights: Cash back can be redeemed once you’ve earned it.
Rewards Details: Cardholders earn 1.5% cash back for every dollar spent. There are no monthly or annual caps on cash back rewards.
Annual Fee: None
APR: Variable 11.15% to 18.00% (as of 12/18/2019)
Navy Federal More Rewards American Express Card
Card Highlights: This card gives great rewards for everyday purchases.
Rewards Details: Cardmembers earn three points at supermarkets, three points at gas stations, two points at restaurants and one point on everything else. Points can be redeemed for gift cards, travel-related awards and merchandise. There are no monthly or annual caps on cash back rewards.
Annual Fee: None
APR: Variable 11.15% to 18.00% (as of 12/18/2019)
Navy Federal’s Visa Signature Flagship Rewards
Card Highlights: This card offers serious rewards for frequent card swipers.
Rewards Details: Cardholders earn three points for every dollar spent on travel and two points on everything else. There is no limit to how many points you can earn, and points never expire.
Annual Fee: $49, which is waived the first year.
APR: Variable 11.49% to 18.00% (as of 12/18/2019)
Navy Federal Platinum Card
Card Highlights: This card offers a low interest rate and comes in Visa and MasterCard versions.
Rewards Details: There are no points offered on purchases with this card, but it does have a low APR which makes it easier to minimize monthly payments.
Annual Fee: None
APR: Variable 7.49% to 18.00% (as of 12/18/2019)
Navy Federal nRewards Secured Card
Card Highlights: This secured credit card is ideal for those looking to build or repair their credit and comes in Visa and MasterCard versions.
Rewards Details: Cardmembers earn one point for every dollar spent on purchases, which can be redeemed for gift cards, cash, and merchandise.
Annual Fee: None
APR: Variable 18.00% (as of 12/18/2019)
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.