Navy Federal Credit Union (NFCU) cashRewards Credit Card: $200 Bonus

Update 5/27/22: Bonus is back at $200 now (down from $250)

Update 11/16/21: Deal is back and valid until Jan. 03, 2022. Hat tip to Jason J

The Offer

Direct link to offer

  • Get a sign up bonus of $250 when you spend $2,500 or more within 90 days of opening a new cashRewards card from Navy Federal Credit Union

 

Card Details

  • Card earns 1.5% cash back on all purchases
  • No annual fee

Our Verdict

Highest bonus on this card was previously $200, so this is an extra $50. NFCU is also offering a bonus of 50,000 points on the Flagship rewards card as well.It’s not worth using this card after you get the sign up bonus as there are other credit cards that offer a higher rate on everyday purchases, but the sign up bonus might be attractive to some people.

Navy Federal is only available for military and veterans – full eligibility information can be found here (plus family members. Even if they are deceased). Keep in mind that joining NFCU is a hard pull, it’s possible you’ll land up with two hard pulls if you join and signup for the card, but hopefully those will be combined. Learn more about Navy Federal credit cards in the post Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know.

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Matt J
Matt J

Just got approved. How does one elect for the MasterCard version?

MORRIS
MORRIS

Giftcards.com purchases do not count meeting the min. spending.
I learned it the hard way.

David
David

Alliant Credit Union Visa signature is much better….

Davis

New offer to get $150 when spending $1000 https://www.navyfederal.org/campaigns/membership/join.html

Also on that same page is an offer for a $50 bonus for signing up for an IRA and depositing $50+

John
John

Hey Doc. I noticed that you wrote “Keep in mind that joining NFCU is a hard pull.” For what it is worth, the folks over at the myFICO forum have pretty thoroughly documented that joining NFCU by a simple savings account is virtually always a soft pull (at least for the last few years). When people add checking accounts, there’s always a chance that they are adding overdraft protection (without being aware of it) which is essentially a form of credit and could therefore explain why some of them might get a hard pull.

Even still, I added a savings and checking account with only a soft pull (as have many people) — you just need to be very intentional about declining anything like Overdraft protection for the checking, which applies to opening checking accounts anywhere (if a person is really worried about the possibility of a hard pull, I mean).

MisterBill
MisterBill

I got an email offering “$300 cash back when you spend $3,000 within the first 90 days of opening an account. And, save on interest with a 0% intro APR on purchases for 6 months. ”

LIMITED-TIME OFFER
Hurry—this offer ends 1/3/2022.

Use promo code: 25136

Jun
Jun

This deal kind of sucks since you need to be related to someone who served in the navy.

John
John

NFCU is open to a lot more than relatives of the Navy. It includes all branches of the military. Many people have a parent or grandparent who served in the military at some point (the grandparent can even be deceased).

I agree that this particular offer is not wildly attractive. NFCU offered a card that gave you a $400 bonus plus a year membership in Amazon, which was a lot better. Still NFCU has a lot going for it (besides any particular card) for anyone who can get in.

Jun
Jun

My sister who married a Navy guy who is no longer serving. Am I eligible? Do I need to hassle him his navy info to open this account? I dont know if its worth it.

John
John

If your sister was military, then you’d be eligible. Or if your spouse was military you’d be eligible. But your sister’s spouse being military is (I think) too far removed in terms of family relationship. But I could be wrong.

https://www.navyfederal.org/membership/eligibility.html

Gordon Gekko
Gordon Gekko

Why bother when you can a flat 2% with the Fidelity Visa card. Too bad NFCU isn’t more competitive with their services.

Jason
Jason

It’s a good one for non-US transactions, as there is no fee. Not sure if that’s the case for the Fidelity card. It’s the main reason I keep the NFCU cards, along with the occasional spending offers.

RoamingRedPanda
RoamingRedPanda

cashRewards cards now earn 1.75% back with direct deposit to a NFCU checking account. Still not as good as a flat 2% card, but it’s an improvement. The landing page has been updated with the new earning rate and footnote.

Davis

William Charles Chuck new card offer. Spend $1000 in 90 days, get 10,000 bonus point. No annual fee, gets 3x at restaurants and food delivery, 2x on gas, 1x on everything else http://navyfederal.org/ccoffer/71188