GO REWARDS® Credit Card
- Best for: Navy Federal members who want a no-fee Visa or Mastercard for eating out
- What Sets It Apart: 3 points per dollar at restaurants and 2 on gas with no annual fee; points worth 1 cent each as cash; rates that top out at 18%
- Cost: $0 annual fee; $0 foreign transaction fee; $0 balance transfer fee; 13.49% to 18.00% variable rate
- Features: Intro rate of 0.99% for 6 months on purchases; 1 point per dollar on everything else; no cap on points; rental car collision coverage
- Pros: 3% back at restaurants; no foreign transaction fee; points don’t expire while the account is open
- Cons: Membership required; no sign-up bonus; groceries earn 1 point; PayPal and digital wallet purchases earn 1 point
Get the GO REWARDS® Credit Card only if you’re a Navy Federal member who wants a no-fee Visa or Mastercard for eating out, since it pays 3 points per dollar at restaurants and 2 on gas. If American Express works for you, Navy Federal’s no-fee More Rewards card also pays 3 points at supermarkets and on gas.
Navy Federal issues the GO REWARDS card only to members, a group open to service members, veterans, Defense Department civilians, and their families. The card’s points are worth 1 cent each as cash, so 3 points per dollar is 3% back.
Key Features
- No annual, foreign transaction, or balance transfer fee
- 3 points per dollar at restaurants, 2 on gas, and 1 on everything else, with no cap
- Only 1 point on purchases made through PayPal, a digital wallet, or a merchant’s mobile card reader, and usually at restaurants inside hotels and other businesses and on gas from superstores, supermarkets, or warehouse clubs
- Points worth 1 cent each as a cash deposit or statement credit, with no minimum
- Intro rate of 0.99% for 6 months on purchases, then a variable rate of 13.49% to 18.00%
Pros
- 3% back at restaurants with no annual fee
- No foreign transaction fee on purchases abroad
- Every rate tops out at 18%, the penalty rate included
- Points never expire while the account stays open
- Collision coverage on car rentals of 15 days or less charged to the card, after your own insurance pays
Cons
- No sign-up bonus, only the intro rate
- Beats a card paying 2% on everything only at restaurants
- Groceries earn just 1 point per dollar
- Counts toward Navy Federal’s limit of three credit cards per member
The GO REWARDS card pays 3% at restaurants, 2% on gas, and 1% elsewhere, so it beats the 2% version of Navy Federal’s cashRewards card only for members who spend more at restaurants than on everything else except gas. Members who can use American Express earn more with Navy Federal’s no-fee More Rewards card, which pays 3 points at supermarkets and on gas, while the GO REWARDS card pays 1 and 2.
Learn more about the GO REWARDS® Credit Card or see how it compares to the best credit cards for dining.
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