14.15%–18.00% variable APR plus 1.5%–2% unlimited cash back — low rate with ongoing rewards.
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Good credit — Membership required; armed forces, DoD, veterans, and their families
ClearValue Rating: 4.2 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Navy Federal members who carry a balance but also want ongoing cash back earning — the rare low-APR card that rewards spending.
The Navy Federal cashRewards Credit Card has no annual fee. The variable APR is 14.15%–18.00%, based on creditworthiness and the U.S. Prime Rate. The card earns 1.5% unlimited cash back (standard tier, under $5,000 credit limit) or 2% unlimited cash back (Plus tier, $5,000+ credit limit) on all purchases. Navy Federal membership is required.
| Year 1 value | Ongoing value |
|---|---|
| 1.5%–2% unlimited cash back (tier determined at approval); 14.15%–18.00% variable APR; no annual fee | 1.5%–2% unlimited cash back; 14.15%–18.00% variable APR; no annual fee; points don't expire while account is open |
| Verify current APR range and cash back structure at navyfederal.org before applying | |
Navy Federal cashRewards Credit Card — 14.15%–18.00% variable APR plus 1.5%–2% unlimited cash back — low rate with ongoing rewards. Best for: Navy Federal members who carry a balance but also want ongoing cash back earning — the rare low-APR card that rewards spending.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
Navy Federal discloses (verified June 10, 2026) that the cash back tier is based on your approved credit limit. Credit limits of $5,000 or more receive the cashRewards Plus tier (2% unlimited cash back); credit limits under $5,000 receive the cashRewards tier (1.5% unlimited cash back). The credit limit is determined during Navy Federal's underwriting process — you cannot self-select the tier. Verify current tier structure at navyfederal.org before applying.
Yes — it is specifically designed for that profile. Most low-APR cards sacrifice rewards to hit a lower rate. The cashRewards card's 14.15%–18.00% range is meaningfully below the national average while still earning 1.5%–2% cash back on all purchases. If you carry a balance and want to earn on new spending simultaneously, this is the pick. Note: if paying your balance in full is your goal, a higher-rate rewards card with better earning structure may outperform it.
No. ClearValue Lending is not a bank, card issuer, lender, or financial advisor. The Navy Federal cashRewards Credit Card is issued and operated by Navy Federal Credit Union. APRs, fees, rewards rates, and terms are determined solely by Navy Federal and may change — verify current terms at navyfederal.org before applying.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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