cashRewards Credit Card – Full Review [2024]

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 1.5% 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 unlimited 1.5% cash-back on eligible purchases.

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.