MoneyGeek’s Take

Navy Federal Credit Union Visa Signature cashRewards Card Review

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Updated: June 11, 2024

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Navy Federal Credit Union Visa Signature cashRewards Card

Rewards Rate
Earn 1.5% cash back on general purchases.
APR
14.90% - 18.00% variable
Annual Fee
$0
Recommended Credit
(580 – 740) Fair to Good
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MoneyGeek uses a comprehensive methodology and review process when rating credit cards. We collect credit card information and evaluate potential cardholder’s spend profiles. Our process also factors in the card’s value and ranks for different categories. MoneyGeek even obtains data from the Consumer Finance Protection Bureau’s database, standardizes data points for easy comparison, determines the long-term value and carries out regular re-ranking.

The Navy Federal Credit Union Visa Signature cashRewards Card benefits include a straightforward rewards structure with no earning caps or minimums when redeeming your rewards. The 1.75% rewards rate on all purchases can help you rack up reward points easily without having to pay any annual fees. This card also has no foreign transaction fees and a relatively low APR compared to competing cards. Plus, with no annual fee, this can be a great card for military members.

>>MORE: NAVY FEDERAL MEMBERSHIP REQUIREMENTS

Navy Federal Credit Union Visa Signature cashRewards Card Overview

The Navy Federal Credit Union Visa Signature cashRewards Card does not have much in the way of bonus perks, but the straightforward rewards programs and low fees make it a competitive option.

Quick Take

  • 1.75% cash back on all purchases if you enroll in direct deposit with Navy Federal
  • 1.5% cash back on all purchases if you don't enroll in direct deposit with Navy Federal
  • Earn a $250 bonus if you spend $3,000 within 90 days. The offer expires on Oct. 03, 2023.
  • Auto rental collision damage waiver
  • No annual fees
  • No foreign transaction fees

Important Card Details

Compared to other cash back cards in the same category, the Navy Federal Credit Union Visa Signature cashRewards Card has relatively low fees and is a good option if you want a low-cost cash back card.

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    Regular APR

    The standard APR on the Navy Federal Visa cashRewards Card is 14.65% – 18.00% variable. This card could be useful for holding balances if you want to save on interest charges since the regular APR is lower than the rate offered by most competitor cards.

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    Annual Fees and Other Fees

    This card has no annual fees and also does not charge any foreign transaction fees. You will also not be charged any cash advance fees when you get cash advances from a Navy Federal branch or ATM.

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    Penalty Fees

    For late or returned payments, cardholders will incur a fee of up to $20 for late payments and $20 for returned payments.

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    Cash Back Rewards Rate

    The Navy Federal Credit Union Visa Signature cashRewards Card benefits include a cash back rewards rate of 1.75% for all purchases if you have a direct deposit account at a Navy Federal Bank. If you don’t have a direct deposit account, you will earn rewards at a flat rate of 1.5%.

Additional Benefits

Beyond its easy-to-follow rewards structure, the Navy Federal Credit Union Visa Signature cashRewards Card offers other features that you might find beneficial.

How the Navy Federal Credit Union Visa Signature cashRewards Card Compares To Other Cards

The Navy Federal Credit Union Visa Signature cashRewards Card stands out for having low fees compared to other cards in the same category. However, in terms of rewards, there are cash back cards that offer more generous rewards and a wider range of perks, such as the Citi Custom Cash card.

How the Navy Federal Credit Union Visa Signature cashRewards Card Compares

Navy Federal Credit Union Visa Signature cashRewards Card

  • Annual Fee: $0
  • Standard APR: 14.65% – 18.00% variable
  • Foreign Transaction Fee: $0
  • Rewards Rate: 1.5%-1.75% cash back for all eligible purchases
  • Welcome Bonus: Earn $250 bonus cash back when you spend $3,000 within 90 days of account opening.
  • Mini Verdict: Best if you are in the military and want a flat rate rewards card with low fees

Citi Custom Cash Card

  • Annual Fee: $0
  • Standard APR: 18.99% – 28.99% variable
  • Foreign Transaction Fee: 3%
  • Rewards Rate: 5% cash back per dollar spent in your top spending category up to $500 and 1% on all other eligible purchases
  • Welcome Bonus: Earn $200 bonus cash back if you spend $1500 on purchases in the first 6 months of account opening.
  • Mini Verdict: Best if you want a flexible rewards card with generous cash back rates for specific categories such as dining or travel

Frequently Asked Questions

What is the average credit score needed to get approved for a Navy Federal Credit Union Visa Signature cashRewards Card?
Does the Navy Federal Credit Union Visa Signature cashRewards Card report to all three credit bureaus?
Is the Navy Federal Credit Union Visa Signature cashRewards Card application process lengthy? Can you prequalify?
What information is needed to apply for a Navy Federal Credit Union Visa Signature cashRewards Card?
Does the Navy Federal Credit Union Visa Signature cashRewards Card have good customer service or satisfaction?
Does the Navy Federal Credit Union Visa Signature cashRewards Card have a mobile app or the option to pay or manage your account online?
Does the Navy Federal Credit Union Visa Signature cashRewards Card raise credit limits automatically or charge for limit increases?
Does the Navy Federal Visa cashRewards Card offer the option to freeze your credit/account or have other security features?
Does Navy Federal Credit Union offer other credit cards besides the Navy Federal Visa cashRewards Card?

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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