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.
MoneyGeek’s Take
Navy Federal Credit Union Visa Signature cashRewards Card Review
Updated: October 23, 2024
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Navy Federal Credit Union Visa Signature cashRewards Card
On Issuer's Site
Rewards Rate
Earn 1.5% cash back on general purchases.
APR
15.90% - 18.00% variableAnnual Fee
$0Recommended Credit
(580 – 740) Fair to GoodMoneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
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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.
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.
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.
Penalty Fees
For late or returned payments, cardholders will incur a fee of up to $20 for late payments and $20 for returned payments.
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
All Navy Federal Credit Union Card Comparisons
- Navy Federal Credit Union Visa Signature cashRewards Card vs. USAA Preferred Cash Rewards Visa Signature Card
- Navy Federal Credit Union Visa Signature cashRewards Card vs. PenFed Power Cash Rewards Visa Signature Card
- Navy Federal Credit Union Visa Signature cashRewards Card vs. Navy Federal Credit Union cashRewards World Mastercard
- Navy Federal Credit Union Visa Signature cashRewards Card vs. Costco Anywhere Visa Card by Citi
- Navy Federal Credit Union Visa Signature cashRewards Card vs. USAA Cashback Rewards Plus American Express Card
Frequently Asked Questions
What is the average credit score needed to get approved for a Navy Federal Credit Union Visa Signature cashRewards Card?
The average credit score needed to get approved for Navy Federal Credit Union Visa Signature cashRewards Card is 670 to 850, which means you need a good to excellent credit score to be approved for this credit card.
Does the Navy Federal Credit Union Visa Signature cashRewards Card report to all three credit bureaus?
Yes, Navy Federal Credit Union Visa Signature cashRewards Card reports 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?
To apply for the Navy Federal Credit Union Visa Signature cashRewards Card, you need to provide your personal details, including your name and address, Social Security number as well as your financial information including your source of income and how much you make.
Does the Navy Federal Credit Union Visa Signature cashRewards Card have good customer service or satisfaction?
Navy Federal Credit Union Visa Signature cashRewards Card has excellent customer service and cardholders have 24/7 access to customer support. Navy Federal also received the highest customer satisfaction score among all issuers in a J.D Power Customer Satisfaction Survey.
Does the Navy Federal Credit Union Visa Signature cashRewards Card have a mobile app or the option to pay or manage your account online?
The Navy Federal Credit Union Visa Signature cashRewards Card has a mobile app and an online portal that cardholders can use to make payments, view transactions and manage their accounts.
Does the Navy Federal Credit Union Visa Signature cashRewards Card raise credit limits automatically or charge for limit increases?
Navy Federal Credit Union Visa Signature cashRewards Card reviews credit limits periodically and you may qualify for an increase in your credit limit based on your credit history and other factors. Cardholders may also request a credit limit review to see if they qualify for increases.
Does the Navy Federal Visa cashRewards Card offer the option to freeze your credit/account or have other security features?
The Navy Federal Credit Union Visa Signature cashRewards Card comes with the option to freeze or unfreeze your account if your card is lost or stolen. You also have the option to set up notifications to get alerts in case suspicious activity is detected on your card. You will not be held liable for any fraudulent transactions on your card.
Does Navy Federal Credit Union offer other credit cards besides the Navy Federal Visa cashRewards Card?
Yes, Navy Federal Credit Union offers other credit cards besides the Navy Federal Visa cashRewards Card, such as the Navy Federal Mastercard cashRewards Card and the Navy Federal More Rewards American Express card.
About Doug Milnes, CFA
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.
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Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.