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Best Navy Federal Credit Union Cards of October 2020

NerdWalletMay 29, 2020

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With over 8 million members, Navy Federal is the nation's largest credit union, and its mission is to provide financial products to those who have served our country. Its membership is restricted to current or former members of the military, current or former employees of the Department of Defense or DOD contractors, or immediate family members of someone who fits the criteria.

Navy Federal's roster of credit cards includes some standout features, including no foreign transaction fees, no balance transfer fees and rewards that never expire. Read on to see our picks for best-in-class.

Best Navy Federal Credit Union Cards From Our Partners

Our pick for

Everyday spending

Annual Fee

$0

Regular APR

9.65% - 18.00% Variable APR

Intro APR

N/A

Recommended Credit Score

For an annual fee of $0, the Navy Federal Credit Union® More Rewards American Express® Credit Card is ideal for rewards-hungry households that rack up big bills on groceries, gas, dining and transit.

Pros

For busy households, the Navy Federal Credit Union® More Rewards American Express® Credit Card offers triple points back on groceries, gas, dining and transit. All other purchases earn 1 point. The card also grants discounts on car rentals and at select restaurants. Terms apply.

Cons

American Express may not be as widely accepted internationally as Visa and Mastercard. If you do most of your shopping at warehouse clubs or discounters, you won't earn the elevated rewards rate.

  • 3X points at supermarkets
  • 3X points on gas and transit
  • 3X points at restaurants
  • 1X points on everything else
  • No annual fee
  • No balance transfer fee
  • No foreign transaction fees
  • No cash advance fees

Our pick for

Flat-rate cash back

Annual Fee

$0

Regular APR

9.65% - 18.00%, Variable

Intro APR

0% intro APR on purchases for 6 months.

Recommended Credit Score

The fuss-free Navy Federal Credit Union® cashRewards Credit Card comes with a decent rewards rate on all eligible purchases and some nice extras, too, like cell phone protection and travel protection.

Pros

Earn a solid, straightforward 1.5% cash back on your purchases and redeem rewards as soon as you earn them, as a statement credit or to your Navy Federal bank account. During the application process, you can choose to have either a Visa or a Mastercard as the payment network. Each comes with perks specific to the brand.

Cons

Depending on your spending patterns, other cards may ultimately help you earn more back. If you’re seeking a 0% intro APR offer, look elsewhere.

  • 1.5% cash back on purchases
  • Start redeeming rewards as soon as you earn them
  • No annual fees
  • No balance transfer fee
  • No foreign transaction fees
  • No cash advance fees

Our pick for

Travel card

Annual Fee

$49

Regular APR

9.99% - 18.00%, Variable

Intro APR

N/A

Recommended Credit Score

This card allows users to rack up travel rewards quickly for a relatively low cost of ownership. It also offers some perks typically found on cards with higher annual fees.

Pros

For an annual fee of $49, you'll earn triple points on travel, but also double points on all other spending, making it a great choice for everyday spending, too. Plus get a generous sign-up bonus: None. Get a statement credit for Global Entry or TSA Precheck application fees, up to $100 once every four years, plus other travel perks such as travel and accident insurance and auto rental coverage.

Cons

There's no premium lounge access, free-checked-bag perks or any of the high-end extras that come with pricier travel credit cards. Generally, you'll have to book your travel plans through Navy Federal's Rewards Service Center, which could be limiting.

  • 3X points on travel
  • 2X points on everything else
  • Receive statement credit (up to $100) for Global Entry or TSA Pre√®

Our pick for

Low interest

Annual Fee

$0

Regular APR

5.99% - 18.00%, Variable

Intro APR

0% intro APR on balance transfers for 12 months

Recommended Credit Score

This card offers a trio of coveted "zeroes": a $0 annual fee, a 0% intro APR offer for balance transfers, and $0 in balance transfer fees. And if you typically carry a balance on your credit card, you also may be eligible for a low ongoing APR.

Pros

For those who qualify, this card offers one of the lowest ongoing APRs on the market: 0% intro APR on balance transfers for 12 months, and then the ongoing APR of 5.99% - 18.00%, Variable. Cardholders also get cell phone protection, travel and emergency assistance, extended warranty service and collision damage waiver coverage.

Cons

The Navy Federal Credit Union® Platinum Credit Card doesn't offer any rewards.

  • Enjoy the lowest rate of Navy Federal Credit Union's credit cards
  • No annual fees
  • No balance transfer fees
  • No foreign transaction fees
  • No cash advance fees

Our pick for

Poor credit

Annual Fee

$0

Regular APR

18.00%, Variable

Intro APR

N/A

Recommended Credit Score

Secured credit cards are for building or repairing credit, but this card offers rewards, too, along with some perks not typically found on cards in its class.

Pros

You'll earn 1 point per $1 spent. You'll also get an automatic review of your account starting at six months to see whether you can graduate to an unsecured card. Nice extras include cell phone protection and collision damage waiver coverage.

Cons

The minimum required opening deposit is $200, which may be a barrier for some. The ongoing APR is 18.00%, Variable. If you think you'll need to carry a balance, other secured cards may offer a lower rate.

  • 1X point per dollar spent
  • No annual fees
  • No balance transfer fees
  • No foreign transaction fees
  • No cash advance fees
  • Deposit at least $200 into your savings account (before submitting your application) to back your spending. Once approved, the deposit will determine your card’s credit limit and be held

Last updated on May 29, 2020

Methodology

NerdWallet's credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.