2021 Review: Navy Federal More Rewards American Express Card – Everyday Rewards for Military Members
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The Navy Federal More Rewards American Express Card provides solid rewards with fewer fees than most. You’ll earn rewards on everyday purchases like gas and groceries, and won’t have to worry about an annual fee, balance transfer fee, or foreign transaction fee.
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Our Rating: 4 Out of 5 Stars
We give the Navy Federal More Rewards American Express® Card 4 out of 5 Stars. It’s pretty rewarding with very few fees to worry about.
Why We Like It
- No annual fee
- No foreign transaction fee
- No balance transfer fee
- 3X points per dollar for everyday purchases (supermarkets, restaurants, gas, and transit)
- Introductory interest rate for purchases: 0% for 9 months, then 9.65% - 18.00% Variable
Why It Could Be Better
- Few benefits
- Only available to those who have participated in the military or certain affiliated organizations, and their families. Learn about NFCU eligibility here.
If you’re already an NFCU member, the Navy Federal More Rewards Amex Card wouldn’t be a bad choice. You won’t have to worry about an annual fee or a foreign transaction fee, which could be ideal if you or a family member are stationed overseas.
Cards bogged down with a plethora of fees can be a hindrance, so it’s nice to see a rewarding and inexpensive option like this. And thanks to the card’s bonus categories, it’s also nice to earn a small return on money you’re likely already spending.
Insider Advice: Getting the Most Out of Your Card
- Fill up the tank on your way to dinner or to the grocery store: The NFCU More Rewards earns 3X points per dollar for gas, groceries, and dining, so don’t leave home without it. You’ll also earn on transit (not including rideshares like Uber or Lyft), so even if you’re not driving you’ll have a chance to earn some bonus points.
- Take it with you when you travel: With no foreign transaction fee, you can spend overseas without stressing about another charge.
- Use your card for car rentals: Not only does the card provide rental car insurance, but you could get up to 25% off your rental from major rental car dealers. Call 1-877-754-9670 for competitive rates and deals.
- Fly Delta: You can get up to 10% off Delta flights when you pay for Delta tickets through Amex Travel.
- Keep an eye on Amex Offers: American Express provides extra rewards with a selection of different merchants. It changes from time to time so be sure to check it every now and then. Offers are limited; enrollment required.
- Shop with confidence: Your new purchases, whether they be from Amazon or your local Target, will likely be covered by extended warranty protection, return protection, and purchase protection.
Redeem points for:
- Statement credits (cash back)
- Gift cards
Redemption with this card is just about as simple as it gets. Provided you’re redeeming your rewards for statement credits or travel, your points will be worth 1 cent each.
However, if you redeem for anything else, the value of your points may fluctuate. That means to ensure the best value for your points, you should redeem for statement credits or travel.
The Navy Federal More Rewards Amex Card comes with some pretty useful perks, especially for a card without an annual fee. The travel discounts could save you some money, and so could the shopping protections.
- Free FICO credit score: See your FICO Score 9, based on your Equifax credit report, whenever you’d like.
- Amex Offers: Receive extra point offers from dozens of participating merchants through American Express’s shopping portal.
- Up to 10% off Delta flights: Get up to 10% off Delta flights when you book through Amex Travel.
- Up to 25% off car rentals: Call 1-877-754-9670 for competitive rates and discounts of up to 25% with major car rental dealers.
- Entertainment Access: Get pre-sale tickets to a variety of sports, music, and cultural events, as well as access to certain exclusive experiences. You’ll be able to search by interest, artist, event, or venue.
- Roadside Assistance: If you run into car trouble while traveling, call 1-866-643-6873 for help.
- Emergency Travel Assistance: Call 1-866-643-6873 for emergency legal, medical, or travel assistance.
- Car Rental Loss & Damage Insurance: Decline the rental car provider’s insurance offer and charge the full amount to your card, and your eligible rental will be covered against damage and theft.
- Best Value Guarantee: Call 1-866-643-6873 if you find a lower price for an eligible product you purchased with your card within 30 days. You could be reimbursed for the difference.
- Extended Warranty: Extends an eligible manufacturer’s warranty for another year.
- Retail Protection: Your eligible new purchases are covered against accidental damage and theft for 90 days.
- Return Protection: If the merchant won’t take back an eligible item that you purchased with your card within the first 90 days, you could be refunded. Up to $300 per item and $1,000 per year.
- Contactless: Just hover your card over the contactless symbol to pay, no contact necessary.
The Terms & Fees
|Purchase APR||Balance Transfer APR||Cash Advance APR|
|0% for 9 months, then 9.65% - 18.00% Variable||9.65% - 18.00% Variable||2% above your variable APR|
|Annual Fee||Foreign Transaction Fee|
|Balance Transfer Fee||Cash Advance Fee|
|Penalty APR||Late Fee||Returned Payment Fee|
|18.00%||Up to $20||Up to $20|
While you don’t have to worry about an annual fee, foreign transaction fee, balance transfer fee, or cash advance fee, you do still have to be wary of the late fee and the returned payment fee.
The Bottom Line
It seems particularly useful to active duty military members stationed overseas and to their families. There’s no foreign transaction fee, and you could save yourself some money on Delta airfare as well as rental cars when you land.
However, it would be plenty useful at home too. Earning rewards for purchases you make on a regular basis (like gas and groceries) is just money back in your pocket, especially considering there’s no annual fee. Plus, the card’s shopping protections could save you money given the right circumstances, and help you avoid some potential headaches.
How Do I Apply for the Navy Federal More Rewards American Express Card?
What Credit Scores Do I Need to Qualify for the Navy Federal More Rewards American Express Card?
The More Rewards Amex asks for good credit to qualify. Good credit for FICO credit scores is at least 670, while for VantageScore it’s at least 700.
That said, approval from credit card issuers is dependent on more than just credit scores. Issuers will look at things like income and monthly rent or mortgage payments when considering creditworthiness.
That means even if your credit scores aren’t quite where they should be, you could still be approved. But that also means there’s a chance for you to be denied even if your scores are high enough.
Frequently Asked Questions
Will Navy Federal Credit Union automatically increase my credit limit?
NFCU might review your account for an increase, or you can ask for a credit limit increase yourself. NFCU will take the following into account when considering you for a credit limit increase:
- Account age and standing
- Time since last increase request
- Annual income
- Employment status
- Payment history
Does the Navy Federal More Rewards Amex Card provide travel insurance?
Yes, you’ll get rental car insurance as long as you charge the full rental car to your card and decline the rental car provider’s insurance offer.
Take a look at all the benefits and protections you can expect with your card.
What fees does the Navy Federal More Rewards Amex Card have?
The Navy Federal More Rewards Card carries a late fee, a returned payment fee, and interest fees if you carry a balance. There is no annual fee, balance transfer fee, foreign transaction fee, or cash advance fee to worry about.
Check out all of the terms & fees attached to the card.
Alternatives to the Navy Federal More Rewards American Express Card
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Evan graduated from SUNY Oswego with a degree in journalism and creative writing. In his professional writing career, he strives for precision and comprehension in his work. He’s written news articles, blog posts, and copy, working across a slew of different mediums. With in-depth research and great care for accuracy and detail, he now works to bring you the most up-to-date credit information.
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