Navy Federal® Credit Union GO REWARDS®

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This card's a triple threat: Rewards, no annual fee and a low APR.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our good credit category page.

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For a no-fee credit card, the Navy Federal Credit Union GO REWARDS card offers a pretty decent rewards rate on dining out and gas. Where this card really shines is with its low APR on purchases and balance transfers for those who qualify.

Review

Navy Federal Credit Union, with more than 7 million members, is the nation’s largest credit union. It offers financial products, including credit cards, that charge lower rates and fees than many banks typically offer. The Navy Federal Credit Union GO REWARDS card is no exception, offering a variable annual percentage rate as low as 10.24% on purchases and balance transfers for those who qualify.

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.

The rewards program here is fine, but few cards offer such an appealing combination of rewards, no annual fee, a low interest rate and reduced or eliminated fees.

Here’s an example: You’ll pay no balance transfer fee and no foreign transaction fee on purchases made outside the U.S.

For this, you’ll sacrifice the sign-up bonus so many rewards cards — including those that charge no annual fee — offer new cardholders.

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

Who should get this card

If your credit is just good and not excellent, you could benefit from the low APR and OK rewards structure of this card.

Advantages
  • There aren’t a lot of fees associated with this card.
  • If you qualify, the interest rate is one of the lowest of any rewards card on the market.
  • Someone who spends a lot on gas and restaurants can earn decent rewards.
Disadvantages
  • You can find a better rewards rate with other cards.
  • There’s no 0% introductory offer on purchases or balance transfers.
  • This card doesn’t come with any sign-up offers.

Fees and APR

• This card has a variable APR on purchases and balance transfers of 10.24% to 18.0% based on creditworthiness.
• You’ll pay no foreign transaction fee on purchases made outside the U.S.
• There are no fees to transfer a balance.
• Late payments won’t affect your APR but you may be subject to a late fee of up to $20 every month you are past due on the minimum payment.

Extras, perks and using points

GoREWARDS points expire 4 years from the end of the month in which they were earned. There is no limit to the amount of rewards you can earn.

You have to have a minimum of 1,000 points to redeem. 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.

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

As a Visa Signature card, this card comes with benefits including access to a Visa signature concierge and special savings and upgrades at select hotels and auto rental companies.

How this card compares

Navy Federal More Rewards American Express® Card
  • Earn 3 points at supermarkets.
  • Earn 3 points at gas stations.
  • Earn 2 points at restaurants.
  • Earn 1 point on everything else.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our good credit category page.

Credit Needed

Good

Regular APR

11.40% to 18.00%. This APR is based on your creditworthiness and will vary with the market based on the U.S. Prime Rate.

Annual Fee

No Annual Fee.

Balance Transfers Intro APR

If you have excellent credit and can qualify for the Navy Federal More Rewards American Express Card, the bonus structure of an unlimited 3 points at supermarkets and gas stations, 2 points at restaurants and 1 point on anything else may work out better for typical households. The card doesn’t charge any annual, foreign transaction or balance transfer fees and also comes with a sign-up bonus of 25,000 points if you spend $3,000 within the first 90 days of opening the account.

USAA® Preferred Cash Rewards Visa Signature® Card
  • Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees
Credit Needed

Good/Excellent

Regular APR

13.65% - 27.65% Variable

Annual Fee

$0

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The USAA Preferred Cash Rewards Visa Signature offers attractive benefits, most notably its 1.5% cash back on all purchases, without limits or restrictions. Most non-rotating cash-back cards offer 1%, so the extra half percentage point definitely is a score in its favor.

Discover it® Cash Back
  • Intro Offer: Discover will match all the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
Credit Needed

Excellent/Good

Regular APR

13.74% - 24.74% Variable

Annual Fee

$0

Purchase Intro APR

0% for 14 months

Balance Transfers Intro APR

0% for 14 months

Discover it® Cash Back cardholders can earn 5% cash back on up to $1,500 in purchases made in accordance with Discover’s 2018 Cashback Calendar after enrollment. Enroll every quarter to earn 5% cash back on up to $1,500 in purchases made in various categories throughout the year.

You won’t earn one of those huge sign-up bonuses other cards offer, but if you’re looking for a no-frills cash-back card, the Discover it® Cash Back does come with one intriguing feature: Discover will pay a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year.

Chase Freedom®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Credit Needed

Excellent/Good

Regular APR

16.74% - 25.49% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

If you’re up for the challenge of tracking bonus rewards categories, the Chase Freedom card can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.

If you don’t want to do the work, get a card that offers a flat cash-back rate better than what you’ll find here.

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.