Navy Federal cashRewards
$250 welcome bonus · 1.5% on everything else · $0 annual fee
The Navy Federal cashRewards card offers a straightforward 1.5% cash back on all purchases, with the potential to earn 2% if your approved credit limit is $5,000 or more under the cashRewards Plus program. This makes it a solid choice for those looking for a no-annual-fee card with consistent rewards. The $250 signup bonus is a nice perk, though it requires a $2,500 spend in the first three months to qualify. Additionally, the card features a 1.99% intro APR on balance transfers for 12 months and no foreign transaction fees, adding value for those who travel or need to manage existing debt. However, the regular APR ranges from 14.15% to 18%, so it's best suited for those who can pay off their balances monthly. The lack of balance transfer fees and rental car collision damage waiver are useful extras.
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 |