Navy Federal GO REWARDS® Credit Card Review: Everything You Need to Know
If you’re a member of the military community or eligible for Navy Federal Credit Union, the Navy Federal GO REWARDS® Credit Card might be one of the most rewarding and cost-effective credit cards available. In this article, we’ll walk through the benefits, features, fees, and eligibility of the Navy Federal GO REWARDS® Credit Card to help you decide if it deserves a spot in your wallet.
What Is the Navy Federal GO REWARDS® Credit Card?
The Navy Federal GO REWARDS® Credit Card is a low-fee, points-based rewards card designed for members of the Navy Federal Credit Union. With strong everyday earning categories and a generous fee structure, this card provides real value for those who qualify.
Key Features and Benefits
💳 Points-Based Rewards Program
The Navy Federal GO REWARDS® Credit Card offers a straightforward rewards structure:
- 3X points per dollar spent at restaurants
- 2X points per dollar spent on gas
- 1X point on all other purchases
Points are earned based on how the merchant is categorized. For example, gas purchased at a supermarket may only earn 1 point per dollar because the merchant isn’t classified as a gas station.
🔁 Flexible Redemption Options
You can redeem rewards earned with your Navy Federal GO REWARDS® Credit Card in several ways:
- Cash back (as statement credit or deposit)
- Travel bookings
- Gift cards
- Merchandise
Each point is worth $0.01. So, 5,000 points = $50.
Fees and APR: One of the Best in Class
One of the standout features of the Navy Federal GO REWARDS® Credit Card is its minimal fee structure:
- No annual fee
- No balance transfer fee
- No foreign transaction fees
- No cash advance fee (at Navy Federal branches or ATMs)
- Low late fee of $20, with no returned payment penalties
These low fees make the Navy Federal GO REWARDS® Credit Card ideal for frequent travelers and budget-conscious users.
🔄 Introductory APR
- 0.99% APR on purchases for the first 6 months
- After that: Variable APR of 14.24% to 18.00%
While the intro offer is decent, this card may not be the best for long-term financing. However, if you pay off your balance in full monthly, the APR becomes a non-issue.
Who Can Qualify?
To apply for the Navy Federal GO REWARDS® Credit Card, you must be a Navy Federal Credit Union member. Membership is available to:
- Active-duty and retired military
- Veterans
- Department of Defense civilians
- Eligible family members
There’s no published minimum credit score, but many users report approval with FICO scores of 630 or higher. Navy Federal also offers pre-qualification, so you can check your chances without impacting your credit.
Final Verdict: Is the Navy Federal GO REWARDS® Credit Card Worth It?
The Navy Federal GO REWARDS® Credit Card is a solid choice for military families looking for value, low fees, and easy-to-earn rewards. With no annual fee, generous category bonuses, and flexible redemption options, it’s one of the best credit cards in its class for those eligible to apply.
Frequently Asked Questions
❓ What is the APR for the Navy Federal GO REWARDS® Credit Card?
The card offers a 0.99% intro APR for 6 months, followed by a variable APR of 14.24% to 18.00%.
❓ Does the Navy Federal GO REWARDS® Credit Card have foreign transaction fees?
No, the card does not charge any foreign transaction fees.
❓ Can anyone apply for the Navy Federal GO REWARDS® Credit Card?
Only members of Navy Federal Credit Union can apply. You must meet eligibility requirements.
Conclusion
If you’re eligible for Navy Federal Credit Union membership, the Navy Federal GO REWARDS® Credit Card is an excellent option for earning rewards on everyday spending—especially on dining and gas. Its no-fee structure, competitive APR, and flexible redemption make it one of the best military credit cards on the market today.
