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Navy Federal Improves CashRewards Credit Card, Allowing Members To Earn Up To 1.75% Cash Back On Daily Purchases | New

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VIENNE, Virginia – (BUSINESS WIRE) – October 5, 2021–

Federal Navy Credit Union today announced an upgrade to its cashRewards credit card, giving new and existing cardholders more cash back on every purchase. The credit card will now offer unlimited cash back of 1.75% on every purchase for cardholders who maintain direct deposit at Navy Federal. Plus, new cardholders who spend $ 2,500 within 90 days of opening an account will receive $ 250 in cash back.

“When it comes to ease and flexibility of use, nothing beats the simplicity of cash Rewards Card, ”said Justin Zeidman, credit card product manager at Navy Federal. “With this upgrade, we are giving members the opportunity to earn even more money on everything they buy and further demonstrate the value that comes from making Navy Federal their trusted financial partner.”

The enhanced earning rate is applied automatically for direct deposit cardholders, and members will receive cash back at a rate of 1.75% as long as they maintain their direct deposit with Navy Federal. Otherwise, cardholders will continue to earn the unlimited 1.5% cash back previously offered. New and current cardholders without direct deposit can benefit from the 1.75% earning rate by simply transferring their direct deposit to Navy Federal. Additional characteristics and advantages of the cash Rewards card understand:

  • No annual fee
  • No balance transfer fees
  • No foreign transaction fees
  • No cash advance fees
  • APR variable between 9.65% – 18.00%
  • Free access to credit score
  • No rewards limit or expiration while account is open
  • Exemption from collision damage
  • Cell Phone Protection

Members can apply for the card online, through the mobile app *, by calling the 24/7 contact center, or by visiting a federal branch of the Navy.

About the Navy Federal Credit Union: Founded in 1933 with just seven members, Navy Federal now has the honor of serving over 10 million members worldwide and is the largest credit union in the world. As a member-owned and non-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all branches of the armed forces and their families. Dedicated to its service mission, Navy Federal employs more than 19,000 people and has a global network of 347 branches. For more information on the Navy Federal Credit Union, visit marinefédéral.org. Federal insurance by NCUA. Equal opportunity employer.

* Messages and data rates may be applied. Terms and conditions are available.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211005005045/en/

CONTACT: Media: Jane Myers

Business communication

Email: Jane—[email protected]

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER CONSUMERS CONSUMERS OTHER PROFESSIONAL SERVICES FINANCE BANKING

SOURCE: Navy Federal Credit Union

Copyright Business Wire 2021.

PUB: 05/10/2021 09:00 / DISC: 05/10/2021 09:03

http://www.businesswire.com/news/home/20211005005045/en

Copyright Business Wire 2021.


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