Get More Out of Your Credit Card

Is your credit card working for you? If it’s a rewards loyalty program card, it can! As you make everyday purchases, your rewards can stack up and be put to great use. 

Get the Rewards You Want

When choosing a credit card rewards program, it’s important to find one that matches your lifestyle. You might be looking for cash-back rewards, low annual and transaction fees, or maybe plenty of rewards redemption options for hotel stays, gas station purchases are a priority. You’ll also want to look at how rewards are earned, the types of rewards and any other perks the credit card issuer might offer (like extended warranty). 

Fortunately, you have options when it comes to credit card rewards:

• Earn points. Points are typically earned at a flat rate of about 1 point per dollar value spent. Some points-based rewards cards offer incentives that give you sign-up bonuses or bonus points and bonus rewards when you spend money within certain categories or at certain retailers. These points can be redeemed with your card issuer in exchange for merchandise, flights, hotels, car rentals, gift cards and more. Navy Federal points-based cards include the Navy Federal More Rewards American Express®^{Footnote 1}, Visa Signature® Flagship Rewards, GO REWARDS® and nRewards® Secured cards.
• Earn cash. Some of the best credit card rewards cards skip the point-value process and reward you with cash outright. The cash is generally offered as account credit or in the form of gift cards. Cash-back cards like Navy Federal’s cashRewards Plus or cashRewards reward you based on a percentage of your spending, sometimes with varying amounts for certain spending categories.
• Earn miles. Travel rewards credit cards generally reward you with miles for every purchase you make. These miles can be put toward select domestic and international flights.

Different cards reward different types of spending, so it pays to choose a card that matches your spending habits. For example, if you spend a lot at grocery stores, you might want a card that provides extra rewards for supermarket purchases. If you don’t spend much within the bonus categories, you might be better off with card offers with a cash-back credit card.

How to Redeem Your Credit Card Rewards Points

Once you’ve earned some rewards, you’ll want to start redeeming them. To redeem rewards earned on a Navy Federal rewards credit card, follow the steps below.

Via Mobile Banking:* 

1. Sign in to the mobile app.
2. On your “Accounts” screen, select the rewards card.
3. Tap “Rewards,” then select “Redeem Rewards” to enter the redemption site.

Learn All Your Card Can Do

The capabilities of your Navy Federal Credit Card can go even further. Make sure you’re getting all you can by visiting the Cardholder Resources page. Looking for a new credit card? Compare the cards available at Navy Federal.