Navy Federal Credit Union Visa Signature Flagship Rewards Review
For a moderate annual fee, the Navy Federal Credit Union Visa Signature Flagship Rewards card offers generous rewards and privileges for Navy Federal Credit Union members. This distinguishes it as a standout choice for avid travelers who are current or retired members of the armed forces or Department of Defense personnel and their families.
For military families who travel frequently, the Navy Federal Credit Union Visa Signature Flagship Rewards Card is an excellent choice. The rewards structure of three points per dollar on travel purchases and hotel costs — and two points per dollar on all other purchases — is impressive for a card with a moderate annual fee and no foreign transaction fees.
The card is limited to Navy Federal members who are affiliated with the military or the Department of Defense. Our review of the Navy Federal Credit Union Visa Signature Flagship Rewards card delves into its features so you can compare it to others and determine if it's the best card for you.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Navy Federal Credit Union Visa Signature Flagship Rewards at a Glance
In addition to unlimited travel rewards points and no minimum required to redeem your points, the Navy Federal Credit Union Visa Signature Flagship Rewards card offers international transactions with no fee. You also receive two points for every dollar you spend on everything from groceries and gas to online shopping.
- Navy Federal Credit Union Visa Signature Flagship Rewards
A good travel rewards card with nominal annual fees
- $49Annual Fee
- 2-3 pointsRewards Rate
- 3xRewards Rate on Air Travel
- None at this timeAPR Offer Duration
- 6 monthsBalance Transfer Duration
Pros & Cons Explained
The benefits offered by the Navy Federal Credit Union Visa Signature Flagship Rewards card might be attractive. Before making a final selection, however, you should consider the card's drawbacks as well as its advantages.
- Moderate Annual FeeThe card has a moderate annual fee of $49. This might work well for people who want to make the most of their travel-related purchases without paying a steep annual fee.
- No Foreign Transaction FeesFor the most part, customers look for a credit card that doesn't charge fees when using it abroad. International transactions on this card are fee-free, so you can make the most of it and rack up rewards points.
- High Travel Rewards RateFor all travel-related transactions, this card gives a three points per dollar reward. Travel categories include airline, hotel, car rental, bus lines, taxis, cruise lines, timeshares, parking and transit.
- Variable APRThe card charges a variable APR of between 9.99% to 18% based on your creditworthiness. If you have a credit score of good to excellent, this may be of benefit to you.
- Not Available to AllOnly current and retired members of the armed forces and Department of Defense personnel, and their families, are eligible for Navy Federal membership.
- Needs High Credit Scores to QualifyOnly those with good to excellent credit scores will qualify for approval.
While the Navy Federal Credit Union Visa Signature Flagship Rewards card has its benefits, it didn’t rank on MoneyGeek's list of the best travel or rewards credit cards. If you're interested in seeing which we found to be the best travel rewards cards, take a look at our list of the Best Travel Credit Cards in 2022.
Bonuses & Rewards Explained
With the Navy Federal Credit Union Visa Signature Flagship Rewards Card, you can earn at least two points for every dollar you spend on eligible purchases. Additionally, it offers the following offers and bonuses.
The Navy Federal Credit Union Visa Signature Flagship Rewards Card comes with the potential of earning an introductory bonus of up to 30,000 points equivalent to $300 after spending $3,000 within 90 days of account opening.
Annual Fee Credit
You can redeem 4,900 points as a refund of the card's $49 annual fee.
With an unlimited reward earning potential, this card gives you three points per dollar spent on every eligible travel purchase and two points per dollar spent on every other purchase. Additionally, you get up to $100 statement credits for Global Entry or TSA PreCheck.
Flexible Rewards Redemption
The card lets you redeem your rewards anytime through cash back, statement checks, merchandise or gift cards, vacation packages or event tickets. You can also use the rewards points to make direct travel bookings.
No Cash Advance or Balance Transfer Fees
Unlike most other credit cards, this one doesn't charge a fee for ATM cash advances (if performed at a Navy Federal branch or ATM) or balance transfers. Balance transfers are charged 1.99% interest for the first six months.
Other Features Explained
In addition to the benefits offered by the Navy Federal Credit Union Visa Signature Flagship Rewards card, it includes a number of appealing features that make it a convenient and secure travel companion.
For additional information on the terms used in your credit card statement or terms, see MoneyGeek's credit card glossary.
- Card FeatureDescription
- Tap to PayYour contactless Visa Signature Flagship Card can be used to make purchases quickly and securely by just tapping it on card readers equipped with the contactless feature.
- Travel and Emergency AssistanceWith the card, you'll have access to a wide range of emergency services, anywhere and at any time. Medical referrals, lost luggage tracking and prescription assistance are all included.
- Cell Phone ProtectionBy using the card to pay your monthly cell phone bills, your phone is eligible for coverage against theft, damages and unintentional loss.
The Navy Federal Credit Union's rewards program allows cardholders to earn a lot of rewards, but the card also has other advantages. Keep in mind that the card's promotional offers change frequently, so check often.
Understanding the Fine Print
It’s important to understand your rights as a credit card holder. Apart from that, understanding the benefits, fees, and interest rates associated with the Navy Federal Credit Union Visa Signature Flagship Rewards card can help you compare it with other cards.
Fees, interest rates, rewards rates and other information for the Navy Federal Credit Union Visa Signature Flagship Rewards Card can be found in the table below.
- Card FeatureAmount or Rate
- APR9.99% - 18.00%
- Annual Fee$49
- Cash Back Rewards
- Rewards Rate2-3 points
- Airline Benefits
The card’s annual fee is $49, which is not unreasonable for a rewards card.
Foreign Transaction Fee
It's an excellent credit card for international travel because there is no foreign transaction fee and the travel rewards are substantial at three points for every dollar spent.
The Navy Federal Credit Union Visa Signature Flagship Rewards card has a variable APR of between 9.99% and 18.99%, depending on your credit score. The prime rate in the United States determines the current rate. Balance transfers are charged at 1.99% for the first six months, and the regular APR applies after that.
Cash Advance/Balance Transfer Fee
The card does not charge a fee for balance transfers or cash advances. If it’s an ATM cash advance, they’re still free if performed at a Navy Federal branch or ATM.
For every dollar spent with the card for travel purchases, you will receive three reward points. For every other purchase, you earn two points per dollar.
To make an informed decision when comparing credit cards, you’ll need to consider their annual fees, APRs, rewards and benefits. The Navy Federal Credit Union Visa Signature Flagship Rewards card can be compared to other credit cards that you already own by checking your credit card company's website, app or a recent statement. Alternatively, you can search the credit card agreement database at the Consumer Financial Protection Bureau (CFPB).
Who Should & Shouldn’t Consider Navy Federal Credit Union Visa Signature Flagship Rewards?
Other Considerations for Navy Federal Credit Union Visa Signature Flagship Rewards
Before applying for a credit card, it’s important to examine its benefits and drawbacks. Consider the following factors before applying for the Navy Federal Credit Union Visa Signature Flagship Rewards card.
Things to Consider if This Will Be Your First or Only Credit Card
If this is your first or only credit card, you'll appreciate the reasonable annual fee and great rewards. If you intend to have revolving amounts in your account, you may profit from taking advantage of this card's introductory low APR offer of 1.99% for the first six months.
However, you should keep the following factors in mind before accepting it as your first or only card:
You must have good to excellent credit scores to be accepted by Navy Federal.
It has moderate to high APR. As a result, if you maintain a balance, you could pay significantly more than you anticipate. To avoid paying interest, you have to pay the balance in full prior to the billing cycle's due date. If you don’t think you’ll be able to pay the balance in full every month, it might be a good idea to look for a credit card with a lower APR.
The annual fee is $49 per year, which is a fairly low annual fee.
Things to Consider if This Will Be an Additional Card in Your Wallet
Depending on where you use the card and how you pay off your monthly credit card payments, the Navy Federal Credit Union Visa Signature Flagship Rewards card may be a valuable addition to your wallet. However, the following facts must be considered before you go forward:
You should be an avid traveler in order to make the best use of the card’s rewards program. If you can switch travel purchases from your previous card to this one, you may be able to maximize your travel points and bonuses.
If you frequently make foreign trips and your other cards have foreign transaction fees, this card can be beneficial because it doesn’t charge for foreign transactions.
Its annual percentage rate (APR) ranges from moderate to high, and is determined by your credit score. Even if your credit score is good, you’ll pay more interest than if it was excellent. On the other hand, you could consider it if you think the travel rewards exceed the APR you'll be charged.
MoneyGeek uses a comprehensive rating methodology to rate a wide range of credit cards and issuers. The rating method begins with data collection from the Consumer Financial Protection Bureau's database, standardization of data points for card comparison, estimation of average spend profiles, consideration of yearly and introductory bonuses for each card, and computation of the card's three-year worth. Monthly re-ranking of the cards and semi-annual upgrading of the card list are also part of our process.
How Navy Federal Credit Union Visa Signature Flagship Rewards Compares to Other Cards
Because of its travel rewards and no fee for overseas transactions, this card stood up well against most other travel rewards cards. How you think it compares to other reward cards, on the other hand, depends on what you're seeking in a credit card.
Quick Comparison of Navy Federal Credit Union Visa Signature Flagship Rewards
Navy Federal Credit Union Visa Signature Flagship Rewards
- Annual Fee: $49
- International Transaction Fee: None
- Regular APR: 9.99%-18.99%
- Rewards Rate: 2-3 points per dollar
- Best For: Frequent fliers belonging to Navy Federal Credit Union or military families
American Express Gold Card
- Annual Fee: $250
- International Transaction Fee: None
- Regular APR: 15.99%-22.99%
- Rewards Rate: 1-4 points per dollar
- Best For: Frequent fliers and diners
Other Helpful Decision-Making Q&As
If you still have questions about the Navy Federal Credit Union Visa Signature Flagship Rewards card, we've addressed some of the most common ones so you can make an educated choice.
Still not sure about this card? Consider these options.
With the Navy Federal Credit Union Visa Signature Flagship Rewards card, you get three points per dollar spent on travel and two points on all other purchases. However, you or one of your family or household members must have ties to the armed forces, the Department of Defence or the National Guard to become a cardholder.
If you're not sure that a Navy Federal Credit Union Visa Signature Flagship Rewards card is for you, consider other options in the rewards category to see if there's another best suited for your needs.
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Learn more about credit cards in general
- Navy Federal Credit Union. "Visa Signature® Flagship Rewards Credit Card." Accessed February 24, 2022.
- Navy Federal Credit Union. "Membership Eligibility." Accessed February 24, 2022.
- Navy Federal Credit Union. "Credit Cards." Accessed February 24, 2022.
- Navy Federal Credit Union. "Credit Card FAQs." Accessed February 24, 2022.
- J.D. Power. "Navy Federal Credit Union." Accessed February 24, 2022.
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