Navy Federal cashRewards
$250 welcome bonus · 1.5% on everything else · $0 annual fee
The cashRewards is a simple no-annual-fee card earning a flat 1.5% cash back on everything, with no foreign transaction fees and a $250 bonus after $2,500 in spending in the first 3 months. Its more distinctive strength is borrowing cost: a 1.99% intro APR on balance transfers for 12 months with no balance transfer fees, plus a regular APR range of 14.15% to 18% that is lower than typical. The catch is that 1.5% is merely average for a flat-rate card, though if you are approved for a limit of $5,000 or more you are issued the cashRewards Plus at 2% instead. Rental car collision damage waiver coverage is the main ongoing perk. It is a sensible choice for consolidating debt cheaply, but not one to pick for maximizing rewards.
Earn rates & credits
| Category | Rate |
|---|---|
Everything Else Approved credit limits of $5,000 or more are issued as cashRewards Plus, which earns 2% cash back | 1.5% |
Card details
Regular APR | 14.15%–18% variable |
Intro APR on balance transfers | 1.99% for 12 months |
Foreign transaction fee | None |