This travel rewards card gives cardholders 3 points per dollar spent on their travel-related purchases, and they’ll also earn 2 points per dollar on all their other purchases. The travel-related purchases include more than just cruises, flights, and hotels – it also counts for items like tolls, taxis, ride-sharing programs, and parking garages.
The 3x points perk also counts for activities like going to amusement parks or golf courses, Annie Sebastian, Navy Federal senior vice president of credit card products and business optimization, said in a statement.
The card also offers some other benefits cardholders might enjoy. They include a maximum of a $100 statement credit for a TSA pre-check or global entry, no foreign transaction fee, no balance transfer fee, cellphone protection, and no limits on the rewards that cardholders can earn, unlike some other credit cards that cap the amount of rewards that can be earned.
If cardholders use their points to redeem for travel perks, gift cards, or cash, every point is equal to 1 cent. There are no complicated redemption structures to figure out.
The rewards points never expire, so cardholders won’t feel as if they have to be in a hurry to use them – they can save them up for what they want.
This card does carry a $49 annual fee, but it’s waived for the first year. Those who already have this card will be upgraded to the improved point incentives and redemption amounts without any effort on their part – it will be automatic so they can begin enjoying the new perks.
“By upgrading our Flagship credit card, we’re able to deliver immediate value to almost 100,000 cardholders at no extra effort or cost to them,” Sebastian said.
Intro Offer for New Cardholders
Those who are approved for the card soon will receive the waived first year annual fee. They’ll also get an introductory offer where they receive 50,000 bonus points if they spend a minimum of $4,000 in the first three months. With a redemption value of 1 cent for every point, that amounts to a $500 value.
But cardholders should only spend that $4,000 in the first three months if they can afford to pay the full balance each month. Otherwise, the interest fees they’ll pay will eat away at the $500 value they would be receiving. Also, they should make sure those purchases are ones they would normally be making anyway, or ones that had already been planned and budgeted for, such as an annual vacation or materials for home renovations. It wouldn’t make financial sense to spend more money recklessly simply for the sake of getting a points reward.
Author: Shannon Serpette
Shannon Serpette is a mother of two and an award-winning journalist and freelancer who lives in Illinois. When she’s not spending time with her children, she is often pursuing her favorite hobbies – running, metal detecting, kayaking, and reading about personal finance.