Navy Federal cashRewards Plus
$250 welcome bonus · 2% on everything else · $0 annual fee
The Navy Federal cashRewards Plus card stands out for its straightforward cashback structure, offering 2% back on all purchases if you're approved for a credit limit of $5,000 or more. With no annual fee and no foreign transaction fees, it's a solid option for those who spend both domestically and abroad. The card also includes a $250 signup bonus when you spend $2,500 within the first three months, which is a decent incentive for new cardholders. However, if your credit limit is below $5,000, the cashback rate drops to 1.5%, which is less competitive. Additionally, the 1.99% intro APR on balance transfers for 12 months is appealing, especially since there are no balance transfer fees, but the regular APR can be as high as 18%. Overall, it's a good choice for those who can maximize the 2% rate and plan to take advantage of the introductory balance transfer offer.
Earn rates & credits
| Category | Rate |
|---|---|
Everything Else Issued on the cashRewards application when approved for a credit limit of $5,000 or more; lower limits receive cashRewards at 1.5% | 2% |
Card details
Regular APR | 14.15%–18% variable |
Intro APR on balance transfers | 1.99% for 12 months |
Foreign transaction fee | None |