Navy Federal Credit Union (NFCU) cashRewards Credit Card: $300 Bonus and Walmart+ Membership Credit ($98)

Offer extended till Oct 09 2024

The Offer

Direct link to offer

  • Get a sign up bonus of $300 when you spend $3,000 or more within 90 days of opening a new cashRewards card from Navy Federal Credit Union. Offer expires on Jun. 30, 2024.
  • For a limited time, get a one-time $98 statement credit when you pay $49 or more for an annual Walmart+ membership using your cashRewards credit card. (Normally, annual Walmart+ memberships are $98.)

 

Card Details

  • Card earns 1.5% cash back on all purchases; 1.75% with direct deposit
  • No annual fee
  • No foreign transaction fee

Our Verdict

Highest bonus on this card was previously $250, and this offer adds $50 and Walmart+ membership. Bear in mind, it’s possible for the Walmart+ component to even be a moneymaker if you’re able to stack with another deal, such as this $50 targeted Walmart Cash offer.

It’s not necessarily worth using this card after you get the sign up bonus as there are other credit cards that offer a higher rate on everyday purchases, but the sign up bonus might be attractive to some people. NFCU is also offering a bonus of 40,000 points and Amazon Prime membership on the Flagship rewards card.

Navy Federal is only available for military and veterans – full eligibility information can be found here (plus family members. Even if they are deceased). Learn more about Navy Federal credit cards in the post Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know.

Hat tip to Mymoneyblog

View Comments (15)

  • Don’t understand how you can get both NFCU Walmart $98 statement credit AND the Amex offer refund. For AMEX offer you have to use AMEX card for $98 charge and for NFCU statement credit you have to charge the $98 on the NFCU card.

  • Received an email from Navy Federal today stating the card now earns 2% cb on all purchases!

    • Got a snail mail flyer on the 2% cash back today... I missed the email on July 11th. @2 @6

      Flyer & email does say it is non-transferable and is targeted.

      Email Subj: (Firstname), Unlimited 2% Cash Back: You Just Got Upgraded! 🎉

    • Received the same email stating 1.5% base cash back and 0.5% bonus.

      Wonder if the total would be 2.25% cash back with direct deposit?

    • I got the email too. Does anyone know if using the Navy Cash Rewards Visa works for funding new accounts as a purchase v. cash advance?

  • Under disclosures, section 2 it says:
    Offer valid for accounts applied for between 07/01/2024 and 10/09/2024.

    • As of 7 PM on 6/04/24, the disclosure now says "Offer valid for accounts applied for between 05/01/2024 and 06/30/2024".

  • There were talks about making this a 2% card at one point. I don't know if that fell through or maybe would conflict with the Flagship card too much.

    • I thought the main feature of Walmart+ is not having to go to the store.

      • You'd think it would be if they didn't have so many restrictions on deliveries.

    • Last I used Instacart the markup on everything was crazy high. Walmart Plus the prices were the same as in store.