Navy Federal More Rewards American Express Card Reviews
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Snapshot
4.3
Navy Federal More than Rewards American Express® Card
Intro offer
25,000 points
Regular Apr
9.65% - xviii.00% (Variable)
Recommended Credit Score
Excellent (740 - 850)
Navy Federal More Rewards American Limited Menu Overview
Navy Federal Credit Union's first partnership with American Express is a no annual fee rewards carte 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 makes it a terrific choice.
Navy Federal's rewards menu is tailor-fabricated 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. It'due south rare to detect a low-involvement credit carte du jour with unlimited rewards this good for both grocery purchases and spending at the pump. In that location's no annual price of ownership with this card, no residuum transfer fees and no foreign transaction fees.
Information technology doesn't stop there. The card also pays an unlimited 3 points per dollar for eatery, food commitment and transit purchases, plus ane signal per dollar on all other spending. If y'all're nonetheless on the fence, the More Rewards carte du jour too offers an enticing promotional welcome offer. From May 4 to June 30, 2021, you lot tin can earn 10,000 bonus points later spending $1,000 on purchases within your first 90 days.
Your bonus adds up to $100 toward eligible travel purchases or cash back, which is a bit on the low side when you consider more accessible competitors' offers. The no almanac fee Capital letter 1 SavorOne Cash Rewards Credit Card earns unlimited 3% greenbacks back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus i% on all other purchases — all while offering a sign-up bonus cash back ($200) later on spending but $500 on purchases within your first three months.
Only when it comes to redeeming points, keep in heed that although this is an American Express carte du jour, cardholders will receive Navy Federal Rewards points, not American Limited Membership Rewards points. Navy Federal Rewards are worth 1 cent per bespeak and tin can exist redeemed for cash dorsum, travel, gift cards or merchandise through the Navy Federal website.
Considering the bill of fare is a Navy Federal Credit Union-branded credit card, you have to exist a fellow member of the credit wedlock to utilize. Eligibility is restricted to those who serve or take served in the war machine, are noncombatant personnel with the Department of Defense force or are an immediate family member of either. However, it could be relatively cheap to switch over to since the More than Rewards carte du jour doesn't charge a balance transfer fee (ongoing buy and residuum transfer APR is 9.65 percent to 18 percentage variable).
Who should get this bill of fare
Anyone who spends big on groceries and gas tin do good from the rewards structure of this card.
Fees and APR
- Pay no annual fee, residue transfer fee, cash accelerate fee (if at a Navy Federal ATM or bank) or foreign transaction fees.
- The variable Apr on purchases and residue transfers is 9.65 percent to eighteen percent, depending on creditworthiness.
- If y'all miss a payment or pay late, you may be subject to a variable punishment Apr of eighteen percent plus a late fee of up to $20.
- See Rates & Fees.
Key cardholder perks
You'll receive collision damage waiver coverage for 15 days or less and up to a 25 per centum discount when you pay for the rental with the card.
Since the More than Rewards card is an American Express card, you can become presale ticket access to select concerts and entertainment events. This bill of fare besides participates in American Express' Global Dining Plan, which grants cardholders special discounts and benefits at participating restaurants. Your card's other American Express benefits like roadside aid and some retail buy protection can also come up in handy if you lot're in a pinch.
Each bespeak is worth well-nigh 1 cent and tin can be redeemed through the Navy Federal Credit Union portal past logging into your account and selecting "Redeem Rewards." Points can be used for travel purchases, souvenir cards or cash dorsum deposited to your Navy Federal savings account. There'due south no charge to redeem your points and they never elapse every bit long as your business relationship is open. Merely keep in listen when redeeming your rewards that fractional redemptions aren't allowed. This means if yous redeem for travel, etc., y'all can't pay with a mix of points and greenbacks.
The information about the Navy Federal More Rewards American Express® Card has been collected independently by Bankrate.com. The card details have non been reviewed or approved by the card issuer.
Source: https://www.bankrate.com/finance/credit-cards/reviews/navy-federal-more-rewards-american-express-card/
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