The idea of getting paid while you shop might sound too good to be true, but with the right credit card strategy, it’s easily achievable. Many shoppers miss out on easy cash-back opportunities, and the Navy Federal Credit Union cashRewards card is one way to take advantage.
How the $250 Bonus Works
The Navy Federal Credit Union cashRewards card offers a $250 bonus when you spend $2,500 within the first 90 days of opening an account. This isn’t a complicated scheme; it simply rewards responsible spending with a straightforward cash bonus.
The card comes in two versions: cashRewards and cashRewards Plus. The version you receive depends on your credit limit:
- cashRewards Plus (for limits of $5,000 or more): Earns unlimited 2% cash back on all purchases.
- cashRewards (for limits under $5,000): Earns unlimited 1.5% cash back on all purchases.
Both cards offer simplicity: no rotating categories, no cash-back caps, and rewards that don’t expire as long as the account remains open. You can redeem rewards as soon as you earn them, with no minimum redemption amount.
Additional Savings: Balance Transfers
Beyond the initial $250 bonus, cardholders can save even more through balance transfers. Within the first 60 days, transferring a non-Navy Federal balance to either cashRewards card offers a 1.99% introductory APR for 12 months. After that period, the APR adjusts to a variable rate between 14.65% and 18.00%. Importantly, there are no transfer fees.
Key Details to Know
- Eligibility: The $250 bonus applies to new cashRewards or cashRewards Plus accounts. Eligible purchases include everyday spending (groceries, gas, etc.), excluding fees, interest, cash advances, and similar transactions.
- Timeline: The $250 bonus posts to your rewards balance within 8 weeks after completing the $2,500 spending requirement.
- Offer Validity: The offer is valid for accounts opened between July 1, 2025, and January 1, 2026.
Bottom Line: The Navy Federal Credit Union cashRewards card offers a simple way to earn $250 back on everyday spending, alongside consistent cash-back rewards and potential savings through balance transfers. If you’re looking to maximize your purchases, this is a worthwhile card to consider.
