Navy Federal Visa Flagship Rewards 2021 credit card review – Forbes Advisor


Navy Federal Credit Union Visa Signature® Flagship Rewards Card* compared to the Citi® Double Cash card

Citi Double Cash has no annual fee and earns 2% cash back: 1% when a purchase is made and an additional 1% when the purchase is paid. These are actually the same reward earnings as non-travel purchases with the Flagship Card, although the Flagship offers an increased rate of 3 points per dollar spent on travel. For those traveling, especially abroad, the Flagship will probably be the best option. It comes with no overseas transaction fees and a cargo hold full of travel benefits. Those things that Citi Double Cash does not provide.

New cardholders receive an introductory 0% APR on balance transfers for 18 months. After that, the standard variable APR will be 13.99% to 23.99%, depending on your creditworthiness. A balance transfer fee is $ 5 or 3% of the amount of each transfer, whichever is greater. This card does not offer an introductory APR on purchases. Although Citi Double Cash requires that a balance transfer fee be paid and the Flagship does not, the fee is nominal in relation to the interest that would be accrued without a 0% APR introductory period. Citi Double Cash is an obvious choice for balance transfers and those who don’t want an annual fee, but it will be easily sunk by the superior benefits and travel income of the Flagship.

Navy Federal Credit Union Visa Signature® Flagship Rewards Card* compared to the Navy Federal More Rewards American Express® card*

Within the same fleet, but without the weight of an annual fee is the Navy Federal More Rewards. With a similarity in the absence of ancillary fees (no foreign transaction fees, no cash advance fees, no balance transfer fees), the More Rewards card offers more complicated rewards, but not necessarily more. lucrative.

Earning 3 points per dollar spent in supermarkets, gas stations, public transport, restaurants and food deliveries and 1 point per dollar spent on all other purchases, More Rewards may look attractive compared to the prices of the Navy Federal Visa Flagship, but be careful calculating around spending models and budgets is advised. Almost none of the important additional benefits are available with the More card – there is no travel accident insurance, cell phone coverage, or TSA PreCheck / Global Entry credit. All in all, it is a choice among the priorities of the individual. We can’t tell you which boat sails the best, you’ll have to ride one and see how it feels.

Navy Federal Credit Union Visa Signature® Flagship Rewards Card* compared to the Chase Sapphire Preferred® card

What other plastic options of the same class are sailing the same sea? What else is available at a relatively low annual fee? While the Flagship’s $ 49 annual fee sounds boring, it’s relatively low compared to many other annual fees. The Chase Sapphire Preferred offers rewards and travel benefits for an annual fee of $ 95. His earning pattern seems weaker, but his repayment pattern is higher.

The Preferred Card looks pale compared to its earning rate: earn 2 points per dollar on restaurant meals, including qualifying delivery services, take out and restaurant meals, and travel. Earn 1 point per dollar on all other qualifying purchases, but its redemption rate is 25% higher – for each point redeemed, the cardholder earns 25% of the point value redeemed through the travel portal of Chase or via Pay Yourself Back. Points are also transferable in a 1: 1 ratio to participating travel programs (like United and Hyatt), meaning even higher value redemptions are possible. With no overseas transaction fees and an array of travel and shopping protection benefits, these cards would rule any sea they’ve fought over.

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