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

Review Updated
Brittney Myers
Author: Brittney Myers
Brittney Myers
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.

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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

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 5.00 out of 5 stars.
5.00/5 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
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.49% - 27.49% Variable APR *Rates as of December 12, 2024.

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 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
Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 12 months from account opening

Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers

Regular: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 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
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 1.5 points per dollar Circle with letter I in it. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open.

Intro: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.49% - 28.49% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular: 18.49% - 28.49% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

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

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 Motley Fool Money, 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 Motley Fool Money rates credit cards.