MoneyGeek’s Take

Navy Federal More Rewards American Express Card Review

The Navy Federal More Rewards American Express card benefits offer great value if you’re a member of the Navy Federal Credit Union who spends a lot on everyday categories like dining, groceries, gas and transit. You can earn 3x points per dollar spent on these categories and 1x point per dollar for all other purchases.

By Doug Milnes, CFA

Reviewed by Alene Laney

Updated: December 11, 2024

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Navy Federal More Rewards American Express card

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

Earn 3X points at restaurants and on food delivery...

APR

15.40% - 18.00% variable

Annual Fee

Recommended Credit

740 – 850 (Excellent)

PROS
- Generous rewards in everyday spending categories including supermarkets, restaurants, and gas stations
- Low standard APR
- No rewards limit or expiration
- No annual fees
- No foreign transaction fees
CONS
- Only Navy Federal Credit Union members can apply
- No 0% introductory APR
- Introductory Offers
  - New cardholders can enjoy a low introductory APR of 1.99% on balance transfers for 12 months, available from July 1, 2024, through January 1, 2025.
  - Earn 30,000 bonus points, equivalent to $300, by spending $3,000 within the first 90 days of account opening.
  - Receive a one-time $98 statement credit when you pay $49 or more for an annual Walmart+ membership.
- Rewards
  - Earn 3x points at supermarkets, gas stations, transit, and restaurants. - Earn 1x points on all other purchases.
  - Points can be redeemed for cash, travel, gift cards, and merchandise.
- APRs, Fees, and Penalties
  - No annual fees.
  - No balance transfer fees.
  - No foreign transaction fees.
  - No cash advance fees.
- Perks & Benefits
  - No limit on rewards.

WHY TRUST OUR REVIEWS

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The Navy Federal More Rewards American Express card rewards you for spending on everyday categories. If your food, grocery and gas expenses are high, you can quickly rack up reward points at a generous 3x points per dollar for these categories. All other eligible purchases earn you 1x point per dollar.

This card is also relatively low on fees compared to competitors and has no foreign transaction or annual fees. However, you need to have a military background and be a member of the Navy Federal Credit Union to qualify for the Navy Federal More Rewards American Express card credit card.

Navy Federal More Rewards American Express Card Review Overview

Navy Federal More Rewards American Express card is a great rewards card for racking up points on everyday spending. It also offers plenty of redemption options making it convenient and easy to use.

Quick Take

No annual fees
3x points per dollar on bonus categories
Earn 15 points per dollar if you shop online through Navy Federal’s Member Deals platform
Earn up to 25% discount on car rentals
Up to 30% off on select hotel bookings through Booking.com on the Amex Benefits platform
Car rental loss & damage insurance
Roadside assistance

Important Card Details

One of the Navy Federal More Rewards American Express card benefits is that it’s relatively low on fees compared to competitors. However, there are still some key rates and fees you need to be aware of when signing up.

Regular APR

For both purchases and balance transfers, the standard APR on the Navy Federal More Rewards American Express card Credit Card is 14.65% – 18.00% variable. For cash advances, the APR is 2% higher than your standard APR.

Annual fees and other fees

This card has no annual fees or foreign transaction fees. You will also not pay any cash advance fees when you use a Navy Federal branch or ATM.

Penalty fees

For late or returned payments, cardholders will pay a fee of up to $20.

Cash back rewards rate

The Navy Federal More Rewards American Express card Credit Card rewards structure is 3x points per dollar spent on restaurants and food delivery, gas and transit expenses and supermarket purchases. All other eligible purchases earn one point per dollar spent.

Additional Benefits

The Navy Federal More Rewards American Express card offers members generous rewards on everyday spending categories like groceries and gas. It also comes with the following standard features

Retail protection: This card comes with retail protection to cover loss or damage within 90 days of purchase
Extended warranty: When you pay with your Navy Federal More Rewards American Express card, you get an extended warranty of up to 12 months for eligible purchases.
Travel and car rental discounts: You can get up to 30% off on eligible hotels when you book on the Amex Benefits travel site. You can also get a 25% discount for car rentals.
Security features: Cardholders can freeze or unfreeze their accounts in case their cards are lost or stolen. You will not be held liable for any fraudulent transactions on your account and Navy Federal allows you to set up notifications in case of suspicious activity on your card.
Customer experience: Navy Federal offers cardholders 24/7 access to customer assistance and free access to their FICO scores. You can also get support on the issuer's website which has an instant chat feature.
Customer satisfaction: Navy Federal Credit Union scored highest for customer satisfaction among regional banks and credit unions in the J.D. Power 2021 Credit Card Satisfaction Study.

How the Navy Federal More Rewards American Express Card Compares To Other Cards

If you are a Navy Federal Credit Union member, the Navy Federal More Rewards American Express card is hard to beat in terms of rewards, fees and perks. However, if you prefer a card with more flexibility and a 0% introductory APR, options like the Capital One Quicksilver Cash Rewards Credit Card card may be a better fit for you.

How the Navy Federal More Rewards American Express Card Compares

Navy Federal More Rewards American Express Card

Annual Fee: None
Standard APR: 14.65% – 18.00% variable
Foreign Transaction Fee: None
Rewards Rate: 3% cash back for restaurant, food delivery, gas and groceries. 1% for all other eligible purchases.
Welcome Bonus: None
Mini Verdict: Best if you are in the military and want to earn generous rewards on everyday spending with few fees.

Capital One Quicksilver Cash Rewards Credit Card

Annual Fee: None
Standard APR: 19.49% - 29.49 variable
Foreign Transaction Fee: None
Rewards Rate: 1.5% flat-rate cash back for all categories
Welcome Bonus: Earn $200 bonus cash back if you spend $500 on purchases in the first 90 days of account opening. 15-month introductory 0% APR period, then a variable APR of 19.49% - 29.49**%** after that.
Mini Verdict: Best if you want a simple flat-rate rewards card with a 0% APR for balance transfers.

Frequently Asked Questions

Does Navy Federal More Rewards American Express card report to all three credit bureaus?

Yes.

Is the Navy Federal More Rewards American Express card application process lengthy? Can you prequalify?

The Navy Federal More Rewards American Express card application process is not lengthy and can be done online. If you are already a member of the Navy Federal Credit Union, you can find out if you prequalify on the Navy Federal website in minutes.

What information is needed to apply for Navy Federal More Rewards American Express card?

To apply for the Navy Federal More Rewards American Express card, you need to provide your personal details, including your name and address, Social Security number and your financial information, including your source of income and how much you make.

Does Navy Federal More Rewards American Express card have good customer service or satisfaction?

Navy Federal More Rewards American Express card has good customer service, including a 24/7 customer service helpline and an online chat feature on their website. Navy Federal also received the highest customer satisfaction score in a 2021 J.D. Power Customer Satisfaction Survey.

Does Navy Federal More Rewards American Express card have a mobile app or the option to pay or manage your account online?

The Navy Federal More Rewards American Express card has a mobile app and an online portal that you can use to make payments and manage your account.

Does Navy Federal More Rewards American Express card raise credit limits automatically or charge for limit increases?

The Navy Federal More Rewards American Express card may review credit limits periodically and you may qualify for a credit limit increase based on your account history. Cardholders may also request a review of their credit limit if they want to be considered for a credit limit increase.

Does Navy Federal More Rewards American Express card offer the options to freeze your credit/account or have other security features?

Navy Federal offers cardholders a range of security features, including the option to freeze your credit card in case it is lost or stolen. Navy Federal will also not hold you liable for any fraudulent transactions on your account and you can set up notifications to get alerts in case of suspicious account activity.

Does Navy Federal Credit Union offer other credit cards besides Navy Federal More Rewards American Express card?

Yes, Navy Federal Credit Union offers other credit cards, including the Platinum, GO REWARDS, cashRewards, Visa Signature Flagship and nRewards Secured cards.

About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

Read Full Bio »

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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