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Navy Federal credit card

Navy Federal More Rewards American Express® Card

No annual fee. 20,000 points after you spend $2,000 in 3 months. Purchase APR 14.15–18.00%, variable. No foreign transaction fees.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR · variable
Foreign transactions

Select an underlined figure to see where it comes from.

Navy Federal’s terms

Welcome offer

20,000 points

After you spend $2,000 on purchases in your first 3 months.

Spending it takes
$667 a month
for 3 months
Tracking since
Sep 29, 2026
history will chart every change

Offer valid for new Navy Federal More Rewards American Express Credit Card accounts applied for between 07/01/2026 and 01/03/2027. Eligible purchases exclude fees, interest charges, balance transfers, gambling, convenience checks, cash advances, and cash equivalents. Allow up to 8 weeks after the 90-day period for points to post. Account must be open and not in default when the points are scheduled to post. Navy Federal may change or end the offer without notice.

  • Smaller than about 65% of the 44 other points bonuses we track.

In dollars

What it’s worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.

SpendingValue against the feeFirst yearAfter
Light spender$440$240
Typical spender$765$565
Heavy spender$1,290$1,090
The spending each assumes, and what isn’t counted
  • Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month

Assumed: points valued at 1¢, the program's cash value.

$240a year

$440 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: points valued at 1¢, the program's cash value.

$565a year

$765 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: points valued at 1¢, the program's cash value.

$1,090a year

$1,290 the first year, with the welcome bonus.

The spending this assumes

A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: points valued at 1¢, the program's cash value.

Use your own spending

Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards

Against the market

How it compares

Worth more to a typical spender than about 100% of the 732 cards we track.

  • No annual fee, like about 100% of the 50 cards on our No annual fee list (see the list).
  • Lower top APR than about 90% of the 163 cards on our Sign-up bonuses list (see the list).

Other points cards with no annual fee

Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

More Rewards Program

How you earn

3×
restaurantsfood deliverysupermarketsgastransit
1×
Everything else

Points per dollar.

Benefits

  • Up to 30% off select hotel properties through Booking.com on the Amex Benefits platform.
  • Up to 25% off car rentals with major car rental companies worldwide via the CONNECT tool, booked by calling 1-877-754-9670 or through the More Rewards American Express Benefits Portal; lowest available rate; cannot be combined with other offers and may not be redeemed for cash.
  • Early access to purchase presale tickets for shows, sports, and concerts in select cities through the American Express Entertainment website; tickets must be bought with an American Express Card, standard service charges apply, and all sales are final.
  • Rental car
  • Roadside

Every figure with its receipt

Rates and fees

Annual fee
Purchase APRvariable
Balance transfer APR
Balance transfer fee
Cash advance APR
Cash advance fee
Penalty APR
Late payment
Returned payment
Foreign transactions
Grace period
Minimum interest charge

Before you apply

  1. Credit the issuer asks for: Average to Excellent (issuer’s page).
  2. What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
  3. Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)

Questions

What is the annual fee?
None · navyfederal.org · PDF, since Nov 1, 2026
Does it charge a foreign transaction fee?
No. · navyfederal.org · PDF, since Nov 1, 2026
What is the purchase APR?
14.15–18.00% APR · navyfederal.org, since Sep 29, 2026
Is there a welcome bonus?
20,000 points after $2,000 in purchases in 3 months. · navyfederal.org, since Sep 29, 2026
What credit do you need?
Average to Excellent · navyfederal.org · PDF, since Nov 1, 2026
See it on navyfederal.org

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