Navy Federal credit card comparison for rewards & benefits

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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USSBunkerHill
 
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Navy Federal credit card comparison for rewards & benefits

Postby USSBunkerHill » Sat Nov 06, 2010 9:44 pm

Have been thinking about a Navy Federal credit card but don't know which one to get. Came here to get professional advice and review for their cards.

1- Navy Federal Cash Rewards card gives 1% on $0.01 - $10,000.00 and 1.50% $10,000.01 and up
2 - Navy Federal N Rewards card is up to 1% cash back
3 - Navy Federal Go Rewards has $18 annual fee and up to 1.7% rewards but don't see how I would 1.7% with the sample rewards listed
4 - Navy Federal Visa Signature® Flagship Rewards has a $49 annual fee and up to 2% cash back
5 - Navy Federal Platinum card has no rewards and I don't want that

The Navy Federal credit union site does not do a good job laying out the reward programs on each and I want to know if there are any gimmicks or catches that go with their credit cards. Seeing the 'up to' always raises a red flag in my book.

Let me know what the best Navy Fed credit card for rewards is.


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Cucumber
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Postby Cucumber » Fri Nov 12, 2010 4:53 pm

Hey that Navy Federal Go Rewards card looks good if you cash out at a lot of points.... 15,000 points for $200 discount on any airfare is not 1.7% but still more than 1%!!!!

The other Navy Federal credit card that looks interesting is the Visa Signature with its 30,000 points for $600 roundtrip airline ticket. Not bad!

:)
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chaul20
 
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Postby chaul20 » Wed Aug 10, 2011 2:21 pm

I have a question. Between the Penfed and the Navy Federal credit card rewards, which would be the best to go with? I am in the military and would qualify for both credit unions. Should I join one over the other? How do they compare?

sticf
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Postby sticf » Wed Aug 10, 2011 3:23 pm

After poking around the site I ran across this page (not sure if everyone found it):
https://www.navyfederal.org/products-services/cards/creditcards/creditcard-benefits.php
(Click on Benefits and Rewards)

You can download each of the card's "guides" in PDF format. They give better descriptions of the conversions from reward points to cash/rewards. I have to say that some look really interesting. I did notice that there were some limits on the "Flagship" (120,000 points). Looks like everything but the Cash card has their rewards expire after a number of years.

As to the best card:
I could not venture a guess with out knowing your spending/credit profile (Even then I would be heasitant to give advice). How much will you charge in a year? Do you value travel points or cash?. Will you pay off the bill 100% every month?

chaul20
 
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Postby chaul20 » Wed Aug 10, 2011 5:00 pm

Thanks man. For the most part it is rewards I want because I almost always pay in full. During the past 3 years there were only 2 months I carried a balance. For my spending I would say there is about $800 to $1200 per month on credit cards and about half of that is gas and groceries. The rest would probably fall under miscellaneous or uncatagorized. Travel rewards really aren't my thing since I don't go anywhere, other than road trips to see the fam.

For the Navy Fed GoRewards card that benefits guide shows 2,000 points will get me an annual fee credit. I thought all credit union cards were free?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Aug 25, 2011 1:19 am

I am in the military and would qualify for both credit unions. Should I join one over the other?


I am with Penfed but the answer may vary depending on your circumstances. You may wish to see this regarding Penfed:
PenFed Gas Card Review: Is It Really The Best?
There are no reviews of the Navy Federal credit cards on here that I know of.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

naomibatac
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Postby naomibatac » Wed Nov 30, 2011 12:49 am

I believe both the Penfed and Navy Federal credit cards have their own advantages. Credit cards with rewards are best for maximizing benefits if properly handled.
[size=60]I don't have any relationship to the credit cards or companies discussed here. I am solely a regular member of this forum with no direct financial rewards from this site. My opinions are solely mine.[/size]

A mom of 3 and currently living life, and working for credit card helpline, a company dedicated to helping people get out of credit card debt.

FutureBillionaire
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Postby FutureBillionaire » Wed Nov 30, 2011 11:53 am

The penfed card is awesome. With the cost of gas these days, you can't beat getting 5% back on an unlimited basis. In addition, the rewards are automatically credited to your statement monthly. You don't have to accrue a certain amount of rewards to receive the benefit. This is definitely one of my favorite cards.

[caponeventureone].[/caponeventureone]
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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