Navy Federal Credit Union Visa Signature cashRewards Card
vs. Costco Anywhere Visa® Card by Citi

Updated: June 9, 2024

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Both the Navy Federal Credit Union Visa Signature cashRewards Card and the Costco Anywhere Visa® Card by Citi offer enticing cash back rewards with no annual fees. However, the Navy Federal cashRewards edges ahead with its lower required credit score and lack of reward caps.

On the other hand, the Costco Anywhere is a co-branded option that maximizes benefits for frequent Costco shoppers with higher cash back rates on gas, travel and dining.

Credit Card logo for Navy Federal Credit Union Visa Signature cashRewards Card
Navy Federal Credit Union Visa Signature cashRewards Card
Credit Card logo for Costco Anywhere Visa® Card by Citi
Costco Anywhere Visa® Card by Citi
MoneyGeek Rating
4.1/ of 5
MoneyGeek Rating
4.1/ of 5

  • Regular APR
    14.90% - 18.00% variable
    20.49% variable
    0% APR Offer
    -
    -
    Intro Offer
    Earn $300 Cash Back
    No current offer
    Rewards Summary
    Earn 1.5% cash back
    Earn 1–4% cash back
    Balance Transfer Offer
    -
    -
    Balance Transfer Fee
    None
    Either $5 or 5% of the amount of each transfer, whichever is greater
    Annual Fee
    $0
    $0
    Recommended Credit
    (580 – 740) Fair to Good
    740-850 (Excellent)
    Penalty APR
    18.00%
    Up to 29.99%
    Not sure?

Which Card Is Better for You?

You might prefer the Navy Federal cashRewards if you value a straightforward cash back program with a lower APR range. This card offers a flat cash back rate on all purchases and has no annual fee, making it a solid choice for everyday spending without needing a specific membership.

You might prefer Costco Anywhere if you're a frequent Costco shopper and spend a lot on gas, travel and dining. With higher cash back rates in these categories and no annual fee with your Costco membership, this card can maximize your rewards in areas where you already spend more.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards, and other features will help you determine which card best meets your financial needs. For instance, if you frequent Costco, the Costco Anywhere card's benefits at Costco and on gas are better for you. Conversely, the Navy Federal cashRewards card's lower APR range and absence of balance transfer fees might appeal to those seeking simplicity and lower costs.

    discount icon

    Regular APR: Navy Federal cashRewards

    The Navy Federal cashRewards is the better option for those prioritizing a lower regular APR, offering a variable APR range of 14.90% to 18.00%, compared to Costco Anywhere's 20.49% variable APR.

    annualFee icon

    Annual Fee: Navy Federal cashRewards

    Both cards offer a $0 annual fee, but the Costco Anywhere requires a paid Costco membership, costing $60 annually. The Navy Federal cashRewards has no such condition, making it more straightforward for those seeking a no-annual-fee card without additional requirements.

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    Introductory 0% APRs: Tie

    The Navy Federal cashRewards and the Costco Anywhere both don't offer an introductory 0% APR period for purchases or balance transfers, making this feature a tie between the two cards.

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    Rewards: Costco Anywhere

    The Costco Anywhere is better for rewards, offering up to 4% cash back on gas and EV charging, 3% on dining and travel and 2% on Costco purchases. The Navy Federal cashRewards offers up to 1.75% cash back on all purchases. The Costco card's co-branded benefits provide additional value for Costco members.

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    Welcome Offers: Navy Federal cashRewards

    The Navy Federal cashRewards is better for welcome offers, providing $300 cash back when you spend $3,000 within 90 days of account opening. The Costco Anywhere does not offer a welcome bonus.

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    Recommended Credit Score: Navy Federal cashRewards

    The Navy Federal cashRewards card is more accessible, catering to individuals with fair to excellent credit scores. In contrast, the Costco Anywhere card requires excellent credit.

    autopay icon

    Penalties and Fees: Navy Federal cashRewards

    The Navy Federal cashRewards is better for penalties and fees, offering lower late fees of up to $20 and a lower penalty APR of 18.00%, with no cash advance or foreign transaction fees.

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    Issuer Satisfaction: Navy Federal cashRewards

    Navy Federal Credit Union, which issues the cashRewards card, leads with an issuer satisfaction rating of 4.7. Costco Anywhere is issued by Citi, which has a rating of 4.1. This suggests higher overall satisfaction among Navy Federal's cardholders.

    airplane icon

    Other Features & Perks: Tie

    The Costco Anywhere stands out for Costco members with exclusive rewards and an annual reward certificate redeemable at U.S. Costco warehouses. Navy Federal cashRewards provides a collision damage waiver when you rent a car for 15 days or less using the card. The card also has fraud notifications and a Zero Liability policy for unauthorized transactions.

Rewards Comparison

The Costco Anywhere card outpaces the Navy Federal cashRewards in specific categories, offering 4% cash back on gas and EV charging (up to $7,000 annually, then 1%), 3% on dining and travel and 2% on Costco purchases. This tailored approach can yield significant returns for those who frequent Costco and spend heavily on travel and dining.

The Navy Federal cashRewards card provides a more flexible redemption process, allowing cardholders to redeem their cash back anytime without minimums or expiration concerns.

The table below compares the bonus categories offered by each card.

Category
Navy Federal cashRewards
Costco Anywhere

Gas and EV Charging

1.5% cash back

4% for the first $7,000 annually/1% thereafter

Restaurants

1.5% cash back

3% cash back

Travel

1.5% cash back

3% cash back

Costco Purchases

1.5% cash back

2% cash back

All Other Purchases

1.5% cash back

1% cash back

Redeeming Rewards

The Navy Federal cashRewards card provides a more flexible redemption process, allowing cardholders to redeem their cash back at any time without minimums or expiration concerns.

The Costco Anywhere card offers cash back rewards that are issued annually via a reward certificate after the February billing statement. These certificates are redeemable for cash or merchandise at Costco warehouses until December 31 of the year they are issued.

Methodology

MoneyGeek evaluates credit cards like the Navy Federal cashRewards and Costco Anywhere using a scoring system tailored to various use cases. The cash back score is most relevant for these cards, reflecting their highest-scoring use case. The largest factors in this score are the effective reward rate and the return on investment for card offers. Additional considerations include annual fees, issuer satisfaction and penalties. For a detailed understanding of our process, you can review our ranking methodology.

FAQ: Navy Federal cashRewards vs. Costco Anywhere

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About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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