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cashRewards Credit Card – Full Review [2024]

Kellie Jez's image
Kellie Jez
Kellie Jez's image

Kellie Jez

Director of Operations & Compliance

6 Published Articles 1193 Edited Articles

Countries Visited: 10U.S. States Visited: 20

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s c...
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Updated: 
Edited by: Stella Shon
Stella Shon's image

Stella Shon

News Managing Editor

114 Published Articles 773 Edited Articles

Countries Visited: 25U.S. States Visited: 22

With a degree in media and journalism, Stella has been in the points and miles game for more than 6 years. She most recently worked as a Corporate Communications Analyst for JetBlue. Find her work in ...
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We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

cashRewards Credit Card
Terms Apply / Rates & Fees

cashRewards Credit Card

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
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Learn More(at NFCU's secure site)

  • $300 cash-back

  • $0

  • 15.90%-18.00% Variable

cashRewards Credit Card

The cashRewards Credit Card offers no annual fee, up to 1.75% cash-back on all purchases, and no limit to your rewards.

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
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Learn More(at NFCU's secure site)

The cashRewards credit card offers a straightforward and competitive 1.75% cash back on all purchases, making it an attractive option for everyday spending.

Additionally, it stands out with no balance transfer, foreign transaction, or cash advance fees, providing exceptional value and flexibility for cardholders.

Card Snapshot

Welcome Bonus & Info

  • New cashRewards cardholders can get $300 cash back when they spend $3,000 within 90 days of opening their cashRewards account. Additionally, they can get a one-time $98 statement credit when they pay $49 or more for an annual Walmart+ membership. Offer valid for accounts applied for between 7/1/2024-10/9/2024.
  • Earn up to 1.75% cash back on all purchases, when enrolled in direct deposit. Earn 1.5% cash back for cardholders without direct deposit.
  • Start redeeming as soon as you earn.
  • No annual fees, no balance transfer fees, no foreign transaction fees, no cash advance fees.
  • No rewards limit.
  • No rewards expiration while account is open.

Pros

  • Earn up to 1.75% cash back on all purchases, when enrolled in direct deposit. Earn 1.5% cash back for cardholders without direct deposit
  • No annual fees
  • No balance transfer fees
  • No foreign transaction fees
  • No cash advance fees.

Cons

  • No ability to earn bonus cash-back above the 1.75% flat rate
  • Cash-back only, can’t earn transferrable points

Upgraded Points: Expertise You Can Trust

Our seasoned and experienced team brings years of expertise in the credit card and travel sectors. Committed to integrity, we offer data-driven guides to help you find the card(s) that best fit your requirements. See details on our intensive editorial policies and card rating methodologies.

  • Content by Leading Industry Experts
  • Routine Updates and Fact-Checks
  • First-Hand Credit Card Experience
  • Shared Across 200+ Top Outlets
  • Methodical “U.P. Rating

    The U.P. Rating System

    The ratings for these cards have been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
    ” System
  • 1060+ Expert Credit Card Guides

Great Card If

  • Looking for a no-annual-fee card (rates & fees)
  • Want a straightforward cash-back earning card
  • You’ll use your card internationally

Don’t Get If

  • You want to earn transferrable points
  • Looking to earn more than 1.75% cash-back
  • You want a card with specific earning categories for groceries, dining, etc.

What Benefits Do You Get With the cashRewards Credit Card?

The cashRewards Credit Card by Navy Federal Credit Union has a straightforward cash-back earning structure. Earn up to 1.75% cash back on purchases if enrolled in direct deposit with Navy Federal, or 1.5% cash back for cardholders without direct deposit.

Not only does the card earn cash-back, but the card also offers Collision Damage Waiver as a benefit. This benefit is eligible when you rent a car for 15 days or less and pay for the rental with your card. Keep in mind that the Collision Damage Waiver is secondary coverage.

Coverage Includes:

  • Physical damage
  • Theft
  • Reasonable towing charges
  • Valid loss-of-use charges
  • Deductible and any other eligible amounts not covered by other insurance

Note that restrictions and exclusions apply, but full details of the coverage can be found here.

Alternative Cards to the cashRewards Credit Card

Citi Double Cash® Card

If you’re after a standard cash-back card, the Citi Double Cash card could be a great fit. The card earns 2% cash-back: 1% when you buy and an additional 1% as you pay for those purchases, all for no annual fee.

Chase Freedom Flex℠ Card

If you’re mainly interested in earning cash-back, but are still looking for earning categories, then you’ll also like the Chase Freedom Flex card.

The Freedom Flex card earns 5% back on up to $1,500 in combined purchases on rotating quarterly bonus categories like gas, grocery stores, and dining. Plus, it earns 5% back on travel purchased through Chase Travel and 3% back on dining and drugstore purchases.

There is no annual fee, and cardholders get benefits like cell phone protection, purchase protection, and extended warranty protection.

The information regarding the Citi Double Cash® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Kellie Jez's image

About Kellie Jez

Kellie’s professional experience has led her to a deep passion for compliance, data reporting, and process improvement. Kellie’s learned the ins and outs of the points and miles world and leads UP’s compliance operation.

Read More

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