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Navy Federal More Rewards Amex Card Review: Everyday Rewards Card for Armed Forces Service Members

Review Updated
Brittney Myers
By: Brittney Myers

Our Credit Cards Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Juggling multiple credit cards can be a great way to maximize your rewards, but it can also be a hassle. The Navy Federal More Rewards American Express® Credit Card offers a better way to earn rewards on your everyday purchases in one card. This card isn't for everyone, though. Navy Federal Credit Union deals exclusively with members of the military and their families, and you'll need to be a member to apply. Read our Navy Federal More Rewards American Express® Credit Card review to see all the details.

Ratings Methodology

Navy Federal More Rewards American Express® Credit Card

Navy Federal More Rewards American Express® Credit Card
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: 1.99%, 12 months

Balance Transfers: N/A

Regular APR

12.65% - 18.00%, variable

Rewards Circle with letter I in it. Earn 3x points at restaurants, on food delivery, at supermarkets and on gas and transit, 1x points on other purchases

1x-3x points

Annual Fee

$0

Welcome Offer Circle with letter I in it. Earn 20,000 bonus points when spending $2,000 within 90 days

20,000 points

  • Packs in multiple bonus categories covering most everyday purchases. This makes it a good choice for one-card wallets or beginning rewards maximizers. You need to be a Navy Federal member to apply, however.

    • Rewards points
    • Low intro APR balance transfer offer
    • No annual fee
    • No foreign transaction fee
    • Low ongoing APR
    • Limited eligibility
    • Earn 20,000 bonus points (a $200 value) when you spend $2,000 within 90 days of account opening
    • Regular 12.65% - 18.00% Variable APR on purchases
    • No annual fee
    • Earn 3X points at restaurants, on food delivery, at supermarkets and on gas and transit and 1X points on everything else
    • Points redeemed for cash, travel, gift cards and merchandise
    • Up to 25% off car rental, plus car rental loss & damage insurance
    • Entertainment Access: Get early access to purchase tickets for shows, sports and concerts nationwide, all year round

Full Navy Federal More Rewards Amex Card review

This credit card is a good fit for: Military members who want one rewards credit card to cover their everyday expenses.

Top perks

This card has a variety of perks that may help you save money.

Earn up to 3x points per dollar on purchases

If you're looking for a rewards card for a one-card wallet, the Navy Federal More Rewards American Express® Credit Card is a pretty decent option.

You'll get bonus rewards on most everyday purchases, including:

  • 3x points per dollar on dining
  • 3x points per dollar at supermarkets
  • 3x points per dollar on gas
  • 3x points per dollar on transit purchases
  • 1x point per dollar on other purchases

There's no limit on how many rewards you can earn. Rewards can be redeemed for all kinds of things, including cash back, gift cards, select merchandise, and even travel. Terms apply.

Read more: Best Cash Back Credit Cards

Intro APR offer for purchases

New cardholders get a 1.99% introductory APR on purchases for 12 months from account opening. This can significantly reduce your interest fees with such a low introductory rate. Terms apply.

No annual fee

Paying annual credit card fees can sometimes unlock big benefits. But it's even better when you get the perks without the fees. The Navy Federal More Rewards American Express® Credit Card charges no annual fee while still offering competitive rewards and low interest rates. This is great for cardholders who want to streamline their credit card experience. A card with no annual fee and everyday rewards creates the ideal combination for a low-hassle, one-card setup.

No foreign transaction fees

Traveling and military life tend to go hand in hand. So a card that charges you extra fees just to make purchases abroad isn't going to be much help. The Navy Federal More Rewards American Express® Credit Card has no foreign transaction fees. This means you won't be stuck with an extra fee on purchases you make in foreign currencies or that route through foreign banks. (Terms apply.) Since some cards charge up to 3% in foreign transaction fees, this perk is potentially very valuable.

See more options: Best No Foreign Transaction Fee Credit Cards

Low ongoing APR for purchases and transfers

Having an introductory offer that reduces your interest rate is great. But intro offers run out. A card with low ongoing APR saves you money on interest fees well beyond the typical intro offer. The Navy Federal More Rewards American Express® Credit Card's regular interest rate range is lower than the majority of credit cards from the bigger issuers. Applicants with the best credit will be offered a super-low rate at the bottom of the range. Even if you get a rate from the top of the range, you're still likely to fare better than you would with other cards.

Related: Best American Express Credit Cards

Alternatives to consider

If you want an intro APR offer on purchases and balance transfers: The Capital One SavorOne Cash Rewards Credit Card (see rates and fees) has a super long 0% intro APR offer on purchases and balance transfers, with no annual fee. Plus, you'll get cash back rewards in great categories like dining, streaming, and entertainment. Top it off with a solid sign-up bonus and you have a winning combo.

If you're not military and want everyday rewards: The Blue Cash Preferred® Card from American Express is one of the top everyday rewards cards thanks to big rewards in categories like U.S. supermarktes, U.S. streaming, U.S. gas, and transit.

If you travel a lot, take a look at our picks for the best travel rewards credit cards.

As of Apr. 16, 2024
Image for
Image for
Image for

Navy Federal More Rewards American Express® Credit Card

 Capital One SavorOne Cash Rewards Credit Card Blue Cash Preferred® Card from American Express
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Apply Now for Capital One SavorOne Cash Rewards Credit Card

On Capital One's Secure Website.

Rates & Fees External Link Icon

Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

Rates & Fees External Link Icon

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Welcome Offer: Circle with letter I in it. Earn 20,000 bonus points when spending $2,000 within 90 days

20,000 points

Welcome Offer: Circle with letter I in it. $200 Cash Back after you spend $500 on purchases within 3 months from account opening

$200 Cash Back

Welcome Offer: Circle with letter I in it. Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

$250

Rewards Program: Circle with letter I in it. Earn 3x points at restaurants, on food delivery, at supermarkets and on gas and transit, 1x points on other purchases

1x-3x points

Rewards Program: Circle with letter I in it. Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. Earn 1% cash back on all other purchases.

1%-10% cash back

Rewards Program: Circle with letter I in it. 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations. 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases. Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.

1%-6% Cash Back

Intro APR:

Purchases: 1.99%, 12 months

Balance Transfers: N/A

Intro APR:

Purchases: 0% intro on purchases for 15 months

Balance Transfers: 0% intro on balance transfers for 15 months (Balance Transfer Fee Applies)

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: 0%, 12 months

Regular APR:

12.65% - 18.00%, variable

Regular APR:

19.99% - 29.99% (Variable)

Regular APR:

19.24%-29.99% Variable

Annual Fee:

$0

Annual Fee:

$0

Annual Fee:

$0 intro annual fee for the first year, then $95.

Highlights:

  • Earn 20,000 bonus points (a $200 value) when you spend $2,000 within 90 days of account opening
  • Regular 12.65% - 18.00% Variable APR on purchases
  • No annual fee
  • Earn 3X points at restaurants, on food delivery, at supermarkets and on gas and transit and 1X points on everything else
  • Points redeemed for cash, travel, gift cards and merchandise
  • Up to 25% off car rental, plus car rental loss & damage insurance
  • Entertainment Access: Get early access to purchase tickets for shows, sports and concerts nationwide, all year round

Highlights:

  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
  • No foreign transaction fee
  • No annual fee

Highlights:

  • Earn a $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%. Variable APRs will not exceed 29.99%.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations.
  • 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
  • Get up to $120 in statement credits annually when you pay for an auto-renewing subscription to Equinox+ at equinoxplus.com with your Blue Cash Preferred® Card. That’s $10 in statement credits each month. Enrollment required.
  • Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Preferred® Card. Enrollment required.
  • Terms Apply.
Apply Now for Capital One SavorOne Cash Rewards Credit Card

On Capital One's Secure Website.

Rates & Fees External Link Icon

Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

Rates & Fees External Link Icon

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What could be improved

This card only has a few downsides of note, but they'll be major downsides for many potential cardholders.

Only available to Navy Federal Credit Union members

Arguably the biggest drawback of the Navy Federal More Rewards American Express® Credit Card is that only a small subset of the population can qualify. Why? You need to be a member of Navy Federal Credit Union to apply for the Navy Federal More Rewards American Express® Credit Card.

Here's who is eligible for Navy Federal Credit Union membership:

  • Active duty members of the military (includes Coast Guard and National Guard)
  • Those in the Delayed Entry Program
  • Department of Defense Officer Candidate/ROTC
  • Department of Defense reservists
  • Department of Defense civilian personnel
  • Veterans, retirees, and annuitants
  • Certain military family members

Suggested credit score

Navy Federal doesn't publish their credit score requirements, but a good to excellent credit score will typically give you the best chances of approval. If you're already a Navy Federal member, you can check to see if you're prequalified. This will give you a decent idea of if you'll be approved without impacting your credit score.

The Navy Federal More Rewards Amex Card is right for you if:

If you're a service member in the armed forces, the Navy Federal More Rewards American Express® Credit Card is a really solid everyday card. With bonus rewards on gas, dining, groceries, and transit, it covers pretty much all of your bases.

The low ongoing APR and intro APR deal on purchases make this a decent card, but there's no intro APR offer for balance transfers.

Keep reading: Best Credit Cards

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

Our Credit Cards Expert

Brittney Myers
By: Brittney Myers

Writer

Brittney started her writing career in the world of science, putting her physics degree to good use. Her journey into finance started with building her personal credit, but soon grew into a borderline obsession with credit cards and travel rewards. For the last 7 years, she has enjoyed the ability to share her expertise with readers, as well as the opportunity to interview companies and individuals making an impact on our financial lives. She wholly believe most problems can be solved with the right research -- and a good spreadsheet -- and she specializes in translating complex financial topics into actionable advice to help educate and empower readers.