As a former Army member, I shudder at the thought of having to say positive things about anything to do with the Navy (there is a pretty fierce Army-Navy rivalry, after all). However, as Consumer Reports pointed out, the Navy Federal Credit Union offers great service to its members. One of the best cards that the Navy Federal Credit Union has to offer is the Navy Federal Credit Union Flagship Rewards credit card. Were I a squid, this card would definitely be in my wallet.
Pros:
- No balance transfer fee
- No cash advance fee
- Fixed interest rate
- Stunningly lucrative rewards offers
- High credit lines
Cons:
- Limited eligibility for the Navy Federal Credit Union
- $49 annual fee
- Cap on points accural of 100,000 points/year
- Expiration of unspent points after 5 years
No card can be a perfect card, but this one comes close. If you’re eligible to join the Navy Federal Credit Union and are a heavy credit card user, then this is the card that should feature prominently in your wallet. This card scores a 9 out of 10.
Know of other great credit cards? Let me know about them in the comments below, and I’ll do a review on them.
