Many readers report getting an email from Navy Federal (NFCU) about their cashRewards card that it will now earn 2% cashback on all purchases.
Email Subject: (Firstname), Unlimited 2% Cash Back: You Just Got Upgraded!
Previously the card earned 1.5% cashback everywhere, or 1.75% with direct deposit. Select customers now have an offer to get an additional .5% bonus on all purchases. (Not clear if direct deposit customers will get 2.25%.)
For now this is 2% everywhere card for those targeted. I’d guess they are piloting this with some users as they consider updating the card to earn 2% for everywhere, we’ll see. The public landing page still shows the 1.5% rate.
The card has no annual fee and no foreign transaction fee. It also has a nice signup bonus of $300 and signup bonus of a potential $98 Walmart+ credit.
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.