Navy Federal Credit Cards Overview

Jul 13, 2024

Navy Federal Credit Cards Overview

Key Points

  • Pre-qualify for all cards without hurting your credit score
  • Pre-qualification is not guaranteed approval
  • Navy Federal pulls from TransUnion credit report

Credit Card Tiers

  • S tier: Superb
  • A tier: Excellent
  • B tier: Average
  • C tier: Below average
  • F tier: Garbage

Cash Rewards Credit Card

  • Intro APR: 1.99% for 12 months on balance transfers (first 60 days)
  • Bonus: $200 cashback (spend $1,500 in 90 days)
  • Annual Fee: None
  • Walmart Plus Membership: $98 statement credit
  • Rewards:
    • 1.75% cashback with direct deposit
    • 1.5% cashback without direct deposit
  • Other Benefits:
    • No limits on rewards
    • Rewards do not expire
    • Collision damage waiver
  • Tier Ranking: A

More Rewards American Express Card

  • Intro APR: 1.99% for 12 months on balance transfers
  • Bonus: 20,000 points ($200 value, spend $1,500 in 90 days)
  • Annual Fee: None
  • Walmart Plus Membership: $98 statement credit
  • Rewards:
    • 3x points: Restaurants, Food delivery, Groceries, Gas, Transit
    • 1x points: Everything else
  • Other Benefits:
    • Entertainment access
    • Roadside assistance
    • Multiple redemption options (cash, travel, gift cards)
    • 25% off car rentals
    • Car rental loss and damage insurance
  • Tier Ranking: S

Visa Signature Flagship Rewards Card

  • Bonus: 35,000 points + 1-year free Amazon Prime membership
  • Annual Fee: $49
  • Rewards:
    • 3x points: Travel
    • 2x points: Everything else
  • Other Benefits:
    • $100 Global Entry or $85 TSA Pre-check credit
    • Rewards do not expire
    • Collision damage waiver
    • Automatic travel accident insurance
    • Travel and emergency assistance
    • Max credit limit: $80,000
  • Tier Ranking: S

Gold Rewards Card

  • Bonus: 10,000 points ($100 value, spend $1,000 in 90 days)
  • Intro APR: 1.99% for 12 months on balance transfers
  • Annual Fee: None
  • Rewards:
    • 3x points: Restaurants
    • 2x points: Gas
    • 1x points: Everything else
  • Other Benefits:
    • No reward limit
    • Multiple redemption options
    • Collision damage waiver
    • MasterCard and Visa versions available
  • Tier Ranking: B

Platinum Card

  • Intro APR: 1.99% on balance transfers for 12 months
  • Rewards: None
  • Other Benefits:
    • Lowest APR among the cards (around 11%)
    • Collision damage waiver
    • Travel and emergency assistance
  • Tier Ranking: C

nRewards Secured Credit Card

  • Deposit: Minimum $200
  • Rewards: 1x points on every dollar spent (points expire after 4 years)
  • Annual Fee: None
  • Other Benefits:
    • Eligible for credit limit increase after 3 months
    • Deposit returned and upgrade to Cash Rewards Card after 6 months
  • Tier Ranking: A

Credit Repair Plug

  • Software: Credit Rehab Pro
  • Features: Dispute accounts across all three credit bureaus, suggests new strategies for disputes, and offers full control over credit repair process

Conclusion

  • Appealing Navy Federal credit cards depend on individual needs (cashback, travel rewards, low APR, credit building)
  • S tier: More Rewards American Express, Visa Signature Flagship Rewards
  • A tier: Cash Rewards, nRewards Secured
  • B tier: Gold Rewards
  • C tier: Platinum