The Navy Federal credit card is used by persons who have served or are serving the United States Armed Forces and their immediate family members.
Currently, there are several types of Navy Federal credit cards. Each has features, benefits, and rewards, so you can choose the one that best suits your needs based on the information below.
Navy Federal Credit Union
This is one of the most popular options due to its easy access and benefits. By spending $2000 before you reach 90 days of opening your account, you can earn a $200 rebate as an introductory bonus.
It has an ABR that ranges from 10.40% to 18.00%, which can vary, and there is no annual fee. It also rewards you with points you can redeem later, according to your purchases.
When paying at restaurants, supermarkets, gas, and transit points or deliveries, you will earn 3 points. On all other purchases, you will earn 1 point.
Other advantages include no balance transfer fees, foreign transaction fees, bonus categories, and new bonus offers for cardholders. It is rated 4.8 out of 5 stars.
Navy Federal Credit Union Cash Rewards Credit Card
This card is a good option for savings, as you’ll have an APR of 1.99% for six months. Once this time is up, the APR will be between 11.90% and 18%. It is recommended for people with average or excellent credit.
It also offers a $100 cash-back bonus. To earn it, you must spend $2000 within 90 days of opening your account. There are also no annual fees, and you can redeem rewards anytime. You can earn 1.75% cash back on purchases with no reward limit.
You don’t have to worry about paying annual fees, foreign transaction fees, or charge transfer fees. Plus, it offers unlimited rewards, and you don’t have to worry about them expiring, as they never expire. It is rated 3.8 out of 5 stars.
Navy Federal Credit Union Visa Signature Flagship Rewards Credit Card
This card can be a bit more complicated to obtain, as you must meet certain requirements to join the credit union, such as having a credit score of 690 to 850. However, once you read about its benefits, you’ll see it will be well worth it.
Despite having an annual fee of $49 and a variable APR of 12.24% to 18.00%, you will be able to get different bonuses and rewards.
Once you purchase this card, you have 90 days to spend $4000 and earn a $350 bonus. It also offers a free year of Amazon Prime, which costs approximately $139.
Additionally, it offers different points according to your purchases. On travel purchases, you will get 3 points, and on all other purchases, you will get 2% per transaction.
Each point is worth 1 cent; you can redeem them on gift cards, products, cash back, or travel. Among her advantages are flexible rewards redemption and a new cardholder bonus offer.
You get travel accident insurance when you pay for flights with the card. Finally, you’ll get secondary collision damage waiver coverage when you pay for a car rental with the card. It is rated 4.3 out of 5 stars.
Navy Federal Credit Union Platinum Credit Card
The platinum credit card has no annual fees, no balance transfer fees, and no foreign transaction fees. In addition, when you open your account, you will get an introductory APR of 0.99%, which will last for 12 months.
Because of this, it is a good option for those who do not wish to pay high-interest debts. Once the time is up, the variable APR will range from 8.24% to 18%.
However, you must meet the eligibility requirements for this card, but it may be worth applying for because it is one of the few with no balance transfer fees, no foreign transaction fees, and no annual fees. It is rated 4.3 out of 5 stars.
Navy Federal Credit Union Rewards Secured Credit Card
This is the only card with a 5-star rating, so that we would choose it as the best Navy Federal credit card. The APR is an 18% variable.
First, you must meet the necessary membership requirements and then make your application. Once you get the card, your credit will have no annual fees, no foreign transaction fees, no balance transfer fees, and no cash advance fees.
In addition, it is secure, allows you to earn multiple rewards, and offers an upgrade path. In addition, it reports to the most popular credit bureaus.
As for rewards, you can earn one point for every dollar spent on purchases. These points are worth a penny and allow you to redeem them on products, gift cards, or cash advances. You’ll also get rental car insurance.
References
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“Credit Cards | Military Credit Cards | Navy Federal Credit Union.” Navy Federal Credit Union, https://www.navyfederal.org/loans-cards/credit-cards.html.