Why we like this card: The Navy Federal Extra Rewards American Specific Credit score Card is a $0 annual payment card providing a beneficiant rewards charge on on a regular basis spending classes. Plus, cardholders can rating a good welcome bonus.
Execs
- No annual or international transaction payment
- Stable rewards charge on on a regular basis spending classes
- Low APR on purchases
Cons
- Have to be a Navy Federal Credit score Union member to qualify
- No 0% intro APR on purchases or steadiness transfers
Navy Federal Extra Rewards American Specific Credit score Card: Overview
APR
- Intro APR: None
- Buy: 14.90%–18.00% variable
- Steadiness switch: 14.90%–18.00% variable
- Money advance: 2% above your variable APR. There’s no transaction payment when you obtain a money advance at a Navy Federal department or ATM. In any other case, the payment is $0.50 per home transaction or $1.00 per international transaction.
- Penalty: 18.00%, plus a payment of as much as $20 for late or returned funds
Annual payment: $0
International transaction payment: None
When you’ll have to be a credit score union member to join the Navy Federal Extra Rewards Amex Card, there are few different necessities for card membership. The cardboard doesn’t cost annual or international transaction charges and is accessible to cardholders with common credit score.
Cardholders can even use the Navy Federal Extra Rewards card to earn factors on their important bills—like fuel and transit—so it’s a sensible, inexpensive card choice. If you happen to do incur a steadiness on the cardboard, you received’t have to fret about paying sky-high rates of interest both, the acquisition APR is 14.90%–18.00% variable.
Navy Federal Extra Rewards American Specific Credit score Card: Rewards
With the Navy Federal Extra Rewards Amex Card, you don’t should maintain observe of rotating rewards classes. You’ll earn a set rewards charge on spending in choose classes.
- 3X factors at eating places and on meals supply
- 3X factors at supermarkets
- 3X factors on fuel and transit
- 1X factors on every little thing else
Does Navy Federal Extra Rewards American Specific Credit score Card provide a brand new buyer bonus?
You’ll be able to earn 20,000 bonus factors, value $200 while you spend $1,500 inside 90 days of account opening
How you can redeem Navy Federal Extra Rewards American Specific Credit score Card factors
Buy journey, reward playing cards, and merchandise
You’ll be able to redeem factors via the cell app, utilizing your factors to pay for merchandise, lodge stays, automobile leases, cruises, flights, reward playing cards, and extra.
Earn money again and canopy previous transactions
You’ll be able to redeem factors for cashback by getting them credited to your financial savings account, receiving an announcement credit score, or utilizing your factors to pay for transactions already posted to your account throughout the previous 90 days. With the Pay with Factors technique, you may cowl as much as three transactions that complete a minimal of $50.
Extra advantages
- Assertion credit score for Walmart+. Obtain a one-time $49 assertion credit score while you purchase an annual Walmart+ membership. Be aware that the price of an annual Walmart+ membership is $98, so this assertion credit score covers solely 50% of the membership value.
- Automobile rental loss and harm insurance coverage. Whenever you lease a automobile and cost the price to your bank card, you may be eligible for insurance coverage protection if there’s harm or loss to the automobile.
- As much as 25% off automobile leases. Get reductions at main automobile rental firms worldwide.
- Free credit score rating entry. See your FICO rating through the use of the Navy Federal Credit score Union app.
- Roadside help. In case your automobile breaks down or an accident happens, you may get roadside help like towing and emergency roadside repairs.
- Entry to journey reductions, leisure offers, and procuring advantages. Cardholders get Amex-exclusive perks like Amex gives, a website that provides money again on choose purchases and an Amex journey service for reserving inns and extra.
Is the Navy Federal Extra Rewards American Specific Credit score Card best for you?
This card is greatest for cardholders who need a $0 annual payment card with an inexpensive rewards charge and welcome bonus. This card is an efficient match for cardholders who need flexibility with regards to redeeming their rewards: You will get an announcement credit score, purchase flights, or extra.
The foremost downside of this card is that you just have to be a Navy Federal Credit score Union member to be eligible. To qualify for a membership, you have to be a present or retired armed forces servicemember or instant member of the family of 1. Division of Protection Personnel are additionally eligible.
Bank cards just like Navy Federal Extra Rewards American Specific Credit score Card
If you happen to don’t qualify for a Navy Federal Credit score Union membership, fret not. There are playing cards, just like the Wells Fargo Autograph Card, that supply related rewards and welcome bonuses with out a credit score union membership requirement.
Wells Fargo Autograph℠ Card vs. Navy Federal Extra Rewards American Specific Credit score Card
Just like the Navy Federal Extra Rewards, Autograph cardholders don’t pay annual or international transaction charges and earn rewards on important bills. With the Autograph card, you may earn 3X factors on eating places, journey, fuel stations, transit, standard streaming providers, and cellphone plans. Plus, 1X factors on all different eligible purchases.
This card can be a greater choice for cardholders who plan to splurge on big-ticket objects and need a couple of months to pay it off interest-free. Autograph cardholders get a 0% intro APR interval on purchases for 12 months from the date of account opening. After that, the variable APR might be 20.24%, 25.24%, or 29.99% primarily based in your creditworthiness.
Steadily requested questions
Is Navy Federal Extra Rewards American Specific card value it?
The Navy Federal Extra Rewards American Specific is $0 annual payment card that could possibly be value signing up for when you spend some huge cash on fuel, transit, eating places, and supermarkets, as the cardboard gives a excessive rewards charge in these spending classes.
What credit score rating do you want for Navy Federal Extra Rewards American Specific card?
You’ll want a mean credit score rating or higher to qualify for the cardboard. This implies you must intention for a FICO rating of 630 or higher to be eligible.
Are you able to get an Amex via Navy Federal?
Sure, some playing cards issued by Navy Federal Credit score Union are Amex playing cards.
Please word that card particulars are correct as of the publish date, however are topic to vary at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.
Fortune Recommends™ credit score ranges are a variation of FICO® Rating 8, one in every of many kinds of credit score scores lenders could use when contemplating your bank card software.
