Navy Federal Visa Flagship Rewards Card rewards
Using the card for travel-related purchases is where you’ll get the most value out of its rewards program. Travel purchases earn 3 points for each dollar spent. Eligible travel spending includes airfare, ride-share services, car rentals, amusement parks, and more. Purchases in other categories earn 2 points per dollar spent using the Navy Federal Visa Flagship Rewards Card.
There are no restrictions on how many reward points you can earn, and points never expire. This means you can redeem them whenever you’ve accumulated enough points that are advantageous for you.
Notably, in addition to redeeming your points for cash-back, a statement credit or travel booked through Navy Federal you can also redeem your points towards the card’s annual fee.
Navy Federal Visa Flagship Rewards Card rewards potential
Using government data and other publicly available information, Sound Dollar estimates that a U.S. household in the market for this card has an annual income of $84,352, and would likely charge $25,087 in annual expenses to a credit card.
We estimate that households spend $2,941 on travel annually, which would earn $88.23 in rewards value on the Navy Federal Flagship card. The remaining $22,146 of annual spending in non-travel categories would earn $442.92 in value.
In total, cardholders can expect an approximate $531.15 rewards potential annually from the Navy Federal Visa Flagship Rewards card.
Navy Federal Visa Flagship Rewards APR details
Under the card’s promotional APR, you’ll enjoy a low 1.99% APR on new purchases. This offer only applies for the first six months after opening the account. After the bonus APR expires, your Navy Federal Visa Flagship Rewards card will carry a variable rate between 12.99% to 18.00% APR, depending on your credit.
Navy Federal Visa Flagship Rewards benefits and perks
Global Entry or TSA PreCheck: You can receive up to a $100 statement credit every four years to cover the cost of a Global Entry or TSA PreCheck application fee.
Amazon Prime: Through December 31, 2022, the card provides a one-time statement credit for an Amazon Prime membership which is valued at $139.
Travel benefits: The card includes popular travel protections, like collision damage waiver, lost luggage reimbursement, travel accident insurance, and travel and emergency assistance.
Navy Federal Visa Flagship Rewards drawbacks
Membership required: The credit union’s membership qualification can be prohibitive for those who don’t meet a membership category.
Annual fee: The $49 annual fee can be a deterrent for cardholders who don’t want to pay for the privilege of carrying the card.
Points aren’t transferable: If you earn rewards across multiple Navy Federal Rewards programs, you can’t combine your accrued points. You also can’t transfer your points to airline and hotel loyalty programs like some other travel cards allow.
Alternate Navy Federal Visa Flagship Rewards credit cards
Navy Federal Visa Flagship Rewards vs. Bank of America Travel Rewards
The Bank of America Travel Rewards card rids you of the need to track bonus categories by letting you earn 1.5 points for every dollar spent. There’s no annual fee and it offers a welcome bonus of 25,000 points after spending $1,000 within the first 90 days. New cardholders can receive a 0% intro APR for the first 18 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. After the intro APR offer ends, a variable APR of 17.74% to 27.74% will apply. A 3% fee ($10 minimum) applies to all balance transfers.
Those who are part of Bank of America’s Preferred Rewards program have even greater earning potential of 25% to 75% more rewards, depending on which tier they’re in.
Navy Federal Visa Flagship Rewards vs. Capital One VentureOne Rewards
The Capital One VentureOne Rewards Card lets you earn 5 miles per dollar spent on Capital One Travel bookings of hotels and rental cars. You can also earn 1.25 miles for each dollar spent on the card in other categories. There’s no annual fee, and new cardholders receive a welcome bonus offer of 20,000 miles after making at least $500 in purchases on the card within the first 90 days.
There’s an introductory APR offer, too of 0% for 15 months on purchases and balance transfers. A 17.99% - 27.99% variable APR applies after that. There’s a 3% balance transfer fee on amounts transferred within the first 15 months.
Finally, rewards earned with the VentureOne can be transferred to Capital One’s selection of more than 15 travel partners.
Navy Federal Visa Flagship Rewards vs. Citi Double Cash Card
If you don’t travel enough to take advantage of the Navy Federal Visa Flagship Rewards Card, and can’t justify the annual fee, a no-annual-fee cash-back card might be a better fit. Citi’s Double Cash Card lets you earn a net of 2% cash back. You’ll earn an unlimited 1% back for every dollar spent on the card, and receive another 1% back when you pay the bill.
It also comes with a 0% intro APR for 18 months on balance transfers. After that, the variable APR will be 17.74% - 27.74% variable. There’s an intro balance transfer fee of 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum). Rewards, which come as Citi ThankYou Points, can be redeemed for cash back as a statement credit, direct deposit or check.
