Navy Federal More Rewards American Express Card

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Stellar rewards for gas and grocery guzzlers.

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Navy Federal Credit Union’s first partnership with American Express is a no-fee rewards card that pays big on everyday spending — the Navy Federal More Rewards American Express Card. For those who spend a lot on groceries and gas, the unlimited earnings structure of this card make it a terrific choice.

Review

Navy Federal launched a rewards card in September 2017 that’s tailor-made for those who spend a lot on groceries and gas. The Navy Federal More Rewards American Express Card pays an unlimited 3 points per dollar spent at supermarkets and gas stations. No other credit card on the market offers unlimited rewards this good for both grocery purchases and spending at the pump. There’s no annual cost of ownership with this card, no balance transfer fees and no foreign transaction fees.

It doesn’t stop there. The card also pays an unlimited 2 points per dollar at restaurants, and 1 point per dollar on all other spending. There’s also a nice sign-up bonus of 25,000 bonus points, worth $250, when you spend $3,000 within the first 90 days of opening the account. This sign-up offer will expire after Dec. 31, 2017.

When it comes to redeeming points, keep in mind that although this is an American Express card, cardholders will receive Navy Federal Rewards points, not American Express Membership Rewards points. Navy Federal Rewards are worth 1 cent per point and can be redeemed for cash back, travel, gift cards or merchandise through the Navy Federal website.

Because the card is a Navy Federal Credit Union-branded credit card, you have to be a member of the credit union to apply. Eligibility is restricted to those who serve or have served in the military or are an immediate family member of the military.

Who should get this card

Anyone who spends big on groceries and gas can benefit from the rewards structure of this card.

Advantages
  • High rewards rate on groceries and gas.
  • Rewards are unlimited.
  • There are no annual, balance transfer or foreign transaction fees.
Disadvantages
  • Depending on your spending habits, you may be better off with a flat-rate rewards card.
  • This card is an American Express card, which may not be as widely accepted overseas as Visa and Mastercard.
  • The rewards are Navy Federal points and not American Express Membership Rewards.
  • If you do most of your shopping at warehouse clubs or discounters, you won't be eligible for the 3% rewards.
  • Terms apply.

Fees and APR

  • Pay no annual fee.
  • The variable APR on purchases and balance transfers is 10.65% to 18.0% depending on creditworthiness.
  • If you transfer a balance to this card, you won’t be charged a fee.
  • There are no foreign transaction fees on purchases made outside the U.S.
  • If you miss a payment or pay late, you may be subject to a variable penalty APR of 18.0% plus a late fee of $20.
  • See Rates & Fees.

Extras, perks and using points

Receive collision damage waiver coverage for 15 days or less when you pay for the rental with the card.

As an American Express card, you can get presale ticket access to select concerts and entertainment events. This card also participates in American Express’ Global Dining Program which grants cardholders special discounts and benefits at participating restaurants.

You have to have a minimum of 1,000 points to redeem your rewards. Each point is worth about 1 cent and can be redeemed through the Navy Federal Credit Union portal by logging into your account and selecting “Redeem Rewards.” Points can be used for travel purchases, gift cards, or cash back deposited to your Navy Federal savings account. There’s no charge to redeem your points and they never expire as long as your account is open.

How this card compares

Navy Federal Credit Union GO REWARDS®

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Card Details
  • Earn 3 GORewards point per $1 spent at restaurants.
  • Earn 2 GORewards point per $1 spent on gas.
  • Earn 1 GORewards point per $1 spent on all other purchases.
  • Earn 2 points on warehouse club purchases and 4 points at Costco gas stations through December 31, 2017.
Credit Needed Good
Regular APR Currently, rates range from 9.99% APR to 18% APR, are based on creditworthiness, and will vary with the market based on the Prime Rate.
Annual Fee No Annual Fee.
Balance Transfers Intro APR

For a no-fee credit card, the Navy Federal Credit Union GO REWARDS offers a pretty decent rewards rate on dining out and gas. The card pays 3 points per $1 spent at restaurants, 2 points per $1 spent on gas and 1 point per $1 on all other spending. If you dine out frequently or put a lot of miles on your car, this is a card to consider.

Navy Federal Credit Union cashRewards

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Card Details
  • Earn 1.5% cash back on all purchases.
  • Earn 3% cash back on at warehouse clubs through December 31, 2017.
Credit Needed Excellent
Regular APR 10.65% to 18.0% This APR is based on your creditworthiness and will vary with the market based on the Prime Rate.
Annual Fee No Annual Fee.
Balance Transfers Intro APR

For those who find tracking bonus categories too cumbersome and just want simple cash-back rewards, the Navy Federal Credit Union cashRewards card delivers. The card pays 1.5% back on every purchase, without any complicated rules or fees.

USAA Cashback Rewards Plus American Express® Card
Card Details
  • Earn 5% cash back on your first $3,000 in gas and military purchases annually on these categories combined.
  • Earn 2% cash back on your first $3,000 on supermarket purchases per year.
  • Unlimited 1% cash back on all other purchases.
  • USAA membership is available to active and former military and their eligible family members
Credit Needed Excellent
Regular APR 12.90%-26.90% (Variable)
Annual Fee $0
Purchase Intro APR N/A
Balance Transfers Intro APR N/A

Military personnel and their family members can greatly benefit from the low rates and perks offered by the USAA Cashback Rewards Plus American Express Card. The card offers pumped-up cash-back rewards of 5% on gas and military base purchases, up to a combined $3,000 in annual spending in these categories. There’s a special APR of 4% for balances on this card for those on active duty and for up to one year afterward.

Blue Cash Preferred® Card from American Express
Card Details
  • $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
  • 3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • $95 annual fee.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
  • See Rates & Fees
Credit Needed Excellent
Regular APR 13.99%-24.99% Variable
Annual Fee $95
Purchase Intro APR 0% on Purchases for 12 months
Balance Transfers Intro APR 0% on Balance Transfers for 12 months

If you can get over the idea of paying the $95 annual fee, the Blue Cash Preferred Card from American Express is a must-have card in the wallet of any big grocery shopper. The 6% cash-back reward at U.S. supermarkets up to $6,000 in spending each year, then 1%, is the most lucrative available in this category.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.