Is the Navy Federal cashRewards worth a spot in your wallet?
The honest math on the Navy Federal cashRewards: which credits you'd actually use, what its points earn beyond a plain 2% card, and what its protections would cost to buy.
Navy Federal · No annual fee (Requires Navy Federal Credit Union membership to open — restricted to active-duty, National Guard, and reserve members of the Army, Marine Corps, Navy, Air Force, Coast Guard, and Space Force; DoD officer candidates/ROTC; DoD civilian employees, contractors on DoD installations, and DoD annuitants; veterans and retirees; and the immediate family/household members of anyone already eligible. A $5 Membership Savings Account is required to join. Not open to the general public.) · cash back
Earning rates
- 1.5x Cash back on every purchase
Protections and perks (2)
- Auto Rental Collision Damage Waiver — Covers theft and collision damage on a rental car paid for with the card, up to the Actual Cash Value of most rented cars.
- No Foreign Transaction Fees — No surcharge on purchases made abroad.
Card data verified against Navy Federal on 2026-08-23.
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