| Category | Rate | Type | Cap |
|---|---|---|---|
|
All Purchases
Earn unlimited 1.5% cash back on every eligible net purchase with no spending cap and no bonus categories. Applies to cardholders with a credit limit below $5,000; cardholders approved at $5,000 or more automatically receive the cashRewards Plus card earning 2% cash back instead.
|
1.5x | Cash Back | No cap |
| Benefit | Category | Value / Coverage |
|---|---|---|
|
1.99% Introductory APR on Balance Transfers
New cardholders receive a 1.99% introductory APR on balance transfers requested within 60 days of account opening, valid for 12 months from account opening. After the promotional period, the standard variable APR of 14.15%–18.00% applies.
|
Financial | 1.99% APR for 12 months |
|
Automatic Upgrade to cashRewards Plus (2% Cash Back)
Applicants approved with a credit limit of $5,000 or greater automatically receive the cashRewards Plus card, which earns 2% cash back on all eligible purchases instead of the standard 1.5% rate — no separate application or product change required.
|
Financial | 2% cash back (with $5,000+ credit limit) |
|
Low Variable APR
The card offers a variable APR range of 14.15%–18.00% based on creditworthiness, which is significantly below the national average for cash back credit cards and makes it cost-effective for cardholders who occasionally carry a balance.
|
Financial | 14.15%–18.00% variable APR |
|
No Annual Fee
The cashRewards Credit Card carries no annual fee, making all card rewards and benefits available at zero annual cost to the cardholder.
|
Financial |
$0 annual fee
Up to $0
|
|
No ATM Cash Advance Fee at Navy Federal Branches and ATMs
Cash advances performed at any Navy Federal branch or ATM incur no transaction fee. At non-Navy Federal ATMs, a fee of $0.50 per domestic transaction or $1.00 per foreign transaction applies.
|
Financial | $0 at Navy Federal ATMs; $0.50–$1.00 elsewhere |
|
No Balance Transfer Fee
There is no fee charged for balance transfers to the cashRewards card from non-Navy Federal accounts, making it one of the few cash back cards that waives balance transfer fees entirely.
|
Financial | $0 balance transfer fee |
|
No Foreign Transaction Fee
No foreign transaction fee is charged on purchases made outside the United States or in a foreign currency, making this card cost-effective for international travel and purchases from foreign merchants.
|
Financial | 0% foreign transaction fee |
|
SCRA Interest Rate Cap — Enhanced Navy Federal Benefit
Navy Federal caps interest rates on pre-active-duty balances at 4% APR for qualifying servicemembers — exceeding the federal SCRA minimum of 6% — and waives all account fees for the duration of active duty service.
|
Financial | 4% APR cap during active duty |
|
Auto Rental Collision Damage Waiver
Provides secondary collision and damage waiver coverage for eligible rental vehicles when the full rental cost is charged to the card and the rental period is 15 days or less. Coverage includes physical damage, theft, towing, and valid loss-of-use charges.
|
Insurance | Secondary CDW, rentals up to 15 days |
|
Choice of Visa or Mastercard Network
Applicants may choose whether their cashRewards card is issued on the Visa or Mastercard network at the time of application, providing flexibility in network-level benefits and worldwide acceptance.
|
Other | Complimentary |
|
Contactless Payments
The card is equipped with contactless payment technology, allowing cardholders to pay with a single tap wherever the Contactless Symbol is displayed at checkout.
|
Other | Complimentary |
|
Digital Card — Early Access Before Physical Card Arrives
Qualifying new cardholders may receive a digitally issued card number immediately upon approval, allowing purchases to begin before the physical card arrives in the mail.
|
Other | Complimentary |
|
Navy Federal Mobile App and Online Banking Access
24/7 access to full account management, cash back tracking and redemption, transaction history, credit score monitoring, and card controls via the Navy Federal Mobile App and online banking at navyfederal.org.
|
Other | Complimentary |
|
Worldwide Visa / Mastercard Acceptance
The card is accepted at millions of merchants worldwide wherever Visa or Mastercard is accepted, including online retailers and international merchants.
|
Other | Global acceptance |
|
1.5% Cash Back on All Purchases
Earn unlimited 1.5% cash back on every eligible net purchase with no spending cap and no bonus categories to activate. Applies to cardholders approved with a credit limit below $5,000; those approved at $5,000 or more automatically receive the cashRewards Plus card at 2% cash back.
|
Rewards | 1.5% cash back, unlimited |
|
Fraud Monitoring
Navy Federal monitors account activity for suspicious or unusual transactions and acts quickly to protect the cardholder's account from unauthorized use.
|
Security | Complimentary |
|
Zero Liability Fraud Protection
Cardholders bear no liability for unauthorized transactions made with the card, provided the loss or theft is promptly reported to Navy Federal. Applies to both Visa and Mastercard versions of the card.
|
Security | 100% liability protection |
|
Travel and Emergency Assistance Services
24/7 emergency assistance services are available to cardholders worldwide, including medical referral assistance, lost luggage locator service, and prescription assistance. Fees for referred third-party services are the cardholder's responsibility.
|
Travel | Complimentary referral service |
