Are you looking for the best credit cards from Navy Federal Credit Union? If so, you are in luck. With Navy Federal Credit Union, get access to a range of credit cards that can help you achieve your financial goals, whether you want to earn rewards, save on interest, or build your credit.
But how do you choose the best credit card for yourself? There are many factors to consider, such as your credit score, spending habits, preferences, and budget. You also need to compare the features and fees of each card and see how they fit your needs. To help you with this process, this article prepares a comprehensive guide that shows you the pros and cons of each card, as well as some details about its benefits and requirements.
In this guide, learn about the six personal credit cards that Navy Federal Credit Union offers. Also, learn how to apply for a credit card online or by phone, and how to prequalify without affecting your credit score. Plus, you are going to get some pro tips on how to use your credit card wisely and responsibly.
So, are you ready to find out the best Navy Federal Credit Union credit cards? If yes, then let’s get started!
- Navy Federal Credit Union® More Rewards American Express® Credit Card
- Navy Federal Credit Union® cashRewards Credit Card
- Navy Federal Credit Union® Visa Signature® Flagship Rewards Credit Card
- Navy Federal Credit Union® GO REWARDS® Credit Card
Overview of the Best Navy Fed Credit Cards
How to Choose Best Navy Fed Credit Card
Pros & Cons of Navy Fed Credit Card
What to Watch Out For
Pro Tips
1. Navy Federal Credit Union® More Rewards American Express® Credit Card
Do you know this card is best for everyday spending? You can get generous rewards on common categories like supermarkets, gas, transit, and restaurants. You can also enjoy a low introductory APR on purchases for the first 9 months.
Pros
- Earn 3X points at supermarkets, 3X points on gas and transit, 3X points at restaurants, and 1X points on everything else.
- Has no annual fee.
- Has no foreign transaction fees.
- Redeem points for cash, travel, gift cards, merchandise, and more.
- Get access to exclusive American Express benefits like travel discounts, entertainment access, and fraud protection.
Cons
- Has a variable APR of 14.65% – 18.00%, which is higher than some other cards.
- Does not offer any sign-up bonus or introductory APR on balance transfers.
- Lacks wide acceptability outside the U.S., as some merchants do not accept American Express cards.
- Does not offer any special perks for military members, such as waived fees or lower rates.
- Does not have any premium features like travel insurance, airport lounge access, or concierge service.
- Requires a good to excellent credit score to qualify.
- Has a minimum credit limit of $500 and a maximum credit limit of $50,000.
- Charges a late payment fee of up to $20 and a returned payment fee of up to $20.
- Has a grace period of 25 days to pay your balance in full and avoid interest charges.
- Has a cash advance fee of either $0.50 or $1.00 per transaction, whichever is greater.
2. Navy Federal Credit Union® cashRewards Credit Card
Choose this card if you need a credit card that is best for flat-rate cash back, as it offers a simple and consistent reward rate on all purchases. You can also earn more cash back if you have a high account balance with Navy Federal.
Pros
- Earn up to 1.75% cash back on all purchases, depending on your average daily balance in your Navy Federal account.
- Has no annual fee.
- Charges no foreign transaction fees.
- Redeem your cash back as soon as you earn it, with no minimum amount required.
- Get access to Visa Signature benefits like travel discounts, purchase protection, and extended warranty.
Cons
- Has a variable APR of 14.65% – 18.00%, which is higher than some other cards.
- Does not offer any sign-up bonus or introductory APR on purchases or balance transfers.
- Does not offer any bonus categories or extra rewards for specific spending types.
- Does not offer any special perks for military members, such as waived fees or lower rates.
- Does not have any premium features like travel insurance, airport lounge access, or concierge service.
- Requires a good to excellent credit score to qualify.
- Has a minimum credit limit of $500 and a maximum credit limit of $50,000.
- Charges a late payment fee of up to $20 and a returned payment fee of up to $20.
- Has a grace period of 25 days to pay your balance in full and avoid interest charges.
- Has a cash advance fee of either $0.50 or $1.00 per transaction, whichever is greater.
3. Navy Federal Credit Union® Visa Signature® Flagship Rewards Credit Card
Are you a maniac traveler? This card is best for traveling, as it offers high rewards on travel purchases and flexible redemption options. You can also enjoy a generous sign-up bonus and a free year of Amazon Prime membership.
Pros
- Earn 3X points for every $1 you spend on travel and 2X points on everything else.
- Get 40,000 bonus points when you spend $4,000 within 90 days of account opening. Plus, get a free year of Amazon Prime membership (a $119 value).
- Do not worry about foreign transaction fees.
- Redeem points for cash, travel, gift cards, merchandise, and more. You can also transfer points to other loyalty programs like American Airlines AAdvantage® or Marriott Bonvoy™.
- Get access to Visa Signature benefits like travel discounts, purchase protection, and extended warranty. Plus, get travel insurance, airport lounge access, and concierge service.
Cons
- Has an annual fee of $49, which is not waived for the first year.
- Has a variable APR of 14.99% – 18.00%, which is higher than some other cards.
- Does not offer any introductory APR on purchases or balance transfers.
- Does not offer any special perks for military members, such as waived fees or lower rates.
- Requires a high spending threshold to earn the sign-up bonus and the free Amazon Prime membership.
- Earn 3X points for every $1 you spend on travel and 2X points on everything else.
- Get 40,000 bonus points when you spend $4,000 within 90 days of account opening. Plus, you can get a free year of Amazon Prime membership (a $119 value).
- Redeem your points for cash, travel, gift cards, merchandise, and more. You can also transfer your points to other loyalty programs like American Airlines AAdvantage® or Marriott Bonvoy™.
- Enjoy a variety of Visa Signature benefits, such as travel discounts, purchase protection, extended warranty, travel insurance, airport lounge access, and concierge service.
- Don’t bother about any foreign transaction fees when you use this card abroad.
4. Navy Federal Credit Union® GO REWARDS® Credit Card
Know that this card is best for dining and gas, as it offers generous rewards on common categories like restaurants and gas stations. You can also enjoy a low introductory APR on purchases for the first 12 months.
Pros
- Earn 3X points when you make purchases at restaurants, 2X points on gas, and 1X points on any other things.
- Has no annual fee.
- Has no foreign transaction fees.
- Redeem points for cash, travel, gift cards, merchandise, and more.
- Get access to Visa Signature benefits like travel discounts, purchase protection, and extended warranty
Cons
- Has a variable APR of 14.65% – 18.00%, which is higher than some other cards.
- Does not offer any sign-up bonus or introductory APR on balance transfers.
- Does not offer any bonus categories or extra rewards for other spending types.
- Does not offer any special perks for military members, such as waived fees or lower rates.
- Does not have any premium features like travel insurance, airport lounge access, or concierge service.
- Needs a good to excellent credit score to qualify.
- Has a minimum credit limit of $500 and a maximum credit limit of $50,000.
- Charges a late payment fee of up to $20 and a returned payment fee of up to $20.
- Has a grace period of 25 days to pay your balance in full and avoid interest charges.
- Has a cash advance fee of either $0.50 or $1.00 per transaction, whichever is greater.
Overview of the Best Navy Fed Credit Cards
If you’re looking for the best Navy Federal Credit Union credit cards, you’ve come to the right place. Navy Federal offers six personal credit cards that suit different needs and preferences, from cash back to travel rewards, from low rates to secured cards. Whether you want to earn more on everyday spending, save on interest, or build your credit, Navy Federal has a card for you.
But before you apply, you need to be a member of the Navy Federal Credit Union. To join, you must have a connection to the military or defense community, either through yourself or a family member. You also need to be at least 18 years old and have a good to excellent credit score for most cards. If you meet these eligibility requirements, you can prequalify for a credit card without affecting your credit score.
How to Choose Best Navy Fed Credit Card
- Determine your credit score and eligibility for Navy Federal membership.
- Decide what type of rewards or benefits you want from your cards, such as cash back, travel, low rates, or security.
- Compare the features and fees of the different Navy Federal credit cards, such as annual fee, APR, sign-up bonus, reward rate, and redemption options.
- Check the minimum and maximum credit limits of each card and see if they match your spending habits and credit needs.
- Prequalify for a credit card online or by phone without affecting your credit score.
- Apply for the card that best suits your goals and preferences.
Pros & Cons of Navy Fed Credit Card
- Pros
- Earn rewards on every purchase, such as cash back, points, or miles, and redeem them for a variety of options, such as travel, gift cards, merchandise, or cash.
- Enjoy low or no annual fees, foreign transaction fees, or balance transfer fees on most cards.
- Access exclusive benefits from Visa or American Express, such as travel discounts, purchase protection, extended warranty, travel insurance, airport lounge access, and concierge service.
- Allows you to qualify for a low introductory APR on purchases for up to 12 months on some cards.
- Allows you to build or improve your credit with a secured card that reports to the three major credit bureaus.
- Cons
- Ready to be a member of Navy Federal Credit Union to apply for a credit card, which requires a connection to the military or defense community.
- Have a good to excellent credit score for most cards, except for the secured card.
- Be ready to pay a high variable APR of 14.65% – 18.00% on most cards, which is higher than some other cards.
- Lacks introductory APR on balance transfers on most cards, which makes it less attractive to consolidate your debt.
- Ready for an annual fee of $49 on the Flagship Rewards card, which is not waived for the first year.
What to Watch Out For
Check the eligibility requirements. You need to be a member of the Navy Federal Credit Union, which means you or a family member must have a connection to the military or defense community. You also need to have a good to excellent credit score for most cards, except for the secured card.
In addition, watch out for interest rates and fees. Know that most of the Navy Fed credit cards have a high variable APR of 14.65% – 18.00%, which is higher than some other cards. You also have to pay an annual fee of $49 on the Flagship Rewards card, which is not waived for the first year. You do not have any introductory APR on balance transfers on most cards, which makes it less attractive to consolidate your debt.
Pro Tips
- Compare the reward rates and redemption options of different cards and choose the one that matches your spending habits and preferences.
- Check the credit score range and the minimum and maximum credit limits of each card and see if they fit your credit profile and needs.
- Prequalify for a credit card online or by phone without affecting your credit score and see if you are eligible for any special offers or discounts.
- Use the low introductory APR on purchases for up to 12 months on some cards to make a large purchase or pay off a debt with no interest.
- Take advantage of the exclusive benefits from Visa or American Express, such as travel discounts, purchase protection, extended warranty, travel insurance, airport lounge access, and concierge service.
Recap
Navy Federal Credit Union offers a variety of credit cards that cater to different needs and preferences. Whether you want to earn rewards, save on interest, or build your credit, you can find a card that suits you. However, you need to be a member of the Navy Federal Credit Union and have a good to excellent credit score to qualify for most cards. You also need to compare the features and fees of each card and see if they match your goals and budget. If you follow these tips, you can choose the best Navy Federal credit card for you.
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