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Navy Federal Visa Signature Flagship Rewards Credit Card Review

Navy Federal Visa Signature Flagship Rewards Credit Card Review

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This article was last updated Oct 19, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re a Navy Federal Credit Union member who travels on a regular basis, the Navy Federal Visa Signature® Flagship Rewards Credit Card should be on your radar. Along with providing travel benefits, such as a Global Entry or TSA Precheck credit and travel and emergency assistance, the card lets you earn 3x points on travel and 2x points on everything else .

Just know, you must be a member of Navy Federal Credit Union to apply (more details on the card’s eligibility requirements below).

We review the pros and cons of the Visa Signature® Flagship Rewards Credit Card, and show how it compares to another travel rewards card — the Capital One Venture Rewards Credit Card.

Visa Signature® Flagship Rewards Credit Card pros

Rewards rate. Earn 3X points on travel and 2X points on everything else . The travel category includes a broad range of purchases, including airfare, hotel bookings, car rentals, cruises, timeshares, campgrounds and RV parks, ride-sharing services, parking, tolls, ferries, amusement parks, public golf courses and more.

Points can be redeemed for travel, including flights, hotel stays and car rentals, as well as cash, merchandise or gift cards.

Free Amazon Prime membership. Enjoy a year of Amazon Prime—on us! Use the Flagship Rewards card to purchase an Amazon Prime membership, and we’ll reimburse you for the cost. That’s a $130 value.

Global Entry or TSA Precheck credit. Cardholders receive a credit of $100 for Global Entry or $85 for TSA Precheck every four years to cover application fees.

Foreign transaction fees: None. You will not be charged additional fees if you use the card to make purchases outside of the U.S.

Additional Visa Signature® Flagship Rewards Credit Card benefits:

  • Collision damage waiver to cover physical damage and theft of a rental vehicle.
  • Worldwide automatic travel accident insurance to cover you and your dependents for bodily injury and/or loss on a covered trip.
  • Travel and emergency assistance, including medical referral, lost luggage locator service and prescription assistance.
  • Extended warranty service, which doubles the original manufacturer’s warranty for up to one year.
  • Cellphone protection when you use your card to pay your monthly cellphone bill.
  • Ability to freeze and unfreeze your card.
  • Free access to your FICO Score.

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Visa Signature® Flagship Rewards Credit Card cons

Eligibility requirements. To be eligible for the Visa Signature® Flagship Rewards Credit Card, you must be a member of Navy Federal Credit Union. You may qualify if you or one of your family or household members has ties to the armed forces, National Guard or Department of Defense. Learn more about Navy Federal’s qualification requirements.

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Annual fee. The Visa Signature® Flagship Rewards Credit Card charges an annual fee of $49.

No intro APR. If you want to finance a large purchase and pay it off over time, know that the Visa Signature® Flagship Rewards Credit Card does not offer a 0% intro APR on purchases.

That said, the card does offer a very reasonable ongoing APR of 9.99% - 18.00% variable.

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Compare it with the Capital One Venture Rewards Credit Card

  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel

  • 2 Miles per dollar on every purchase, every day

  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®

Highlights
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Redeem on travel—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs
  • No foreign transaction fees

See additional details for Capital One Venture Rewards Credit Card

More Info

If you want to earn a similar rewards rate on everyday purchases, but aren’t eligible for a Navy Federal credit card, you may want to look at the Capital One Venture Rewards Credit Card.

The Capital One Venture Rewards Credit Card offers 2 miles per dollar on every purchase, every day. Venture miles can be redeemed for cash in the form of a check or account credit and gift cards, as well as eligible restaurant delivery, takeout and streaming services through April 30, 2021.

You can also use miles to purchase merchandise from Amazon.com, book new travel reservations through capitalone.com or the Capital One Rewards Center, or redeem miles for past travel using Purchase Eraser. Plus, cardholders can transfer miles to 19 airline and hotel loyalty programs.

See how the Visa Signature® Flagship Rewards Credit Card and Capital One Venture Rewards Credit Card compare side by side in the table below.

Visa Signature® Flagship Rewards Credit Card vs. Capital One Venture Rewards Credit Card

 Visa Signature® Flagship Rewards Credit CardCapital One Venture Rewards Credit Card
Annual fee$49$95
RewardsEarn 3X points on travel and 2X points on everything else .2 miles per dollar on every purchase, every day.
Sign-up bonusEnjoy a year of Amazon Prime—on us! Use the Flagship Rewards card to purchase an Amazon Prime membership, and we’ll reimburse you for the cost. That’s a $130 value.Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.
Regular purchase APR9.99% - 18.00% variable APR17.24% - 24.49% (variable) APR
Foreign transaction feesNoneNone

Unlike the Visa Signature® Flagship Rewards Credit Card, the Capital One Venture Rewards Credit Card doesn’t offer additional miles on travel purchases. However, it does allow cardholders to enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

Venture miles are worth 1 cent each — making the card’s sign-up bonus worth $500 if you max out the $3,000 spend requirement in the first three months of card membership, or $1,000 if you reach the $20,000 spend requirement in the first 12 months.

Just know, the Capital One Venture Rewards Credit Card comes with a slightly higher annual fee $95. But the value you can get from the card’s sign-up bonus can easily cover that amount during the first year of card membership.

Which credit card is best for me?

If you’re in the market for a travel credit card, the Visa Signature® Flagship Rewards Credit Card and the Capital One Venture Rewards Credit Card are both solid options. But while the Visa Signature® Flagship Rewards Credit Card offers a higher rewards rate on travel purchases and a lower annual fee than the Capital One Venture Rewards Credit Card, you stand to get much more value from the Capital One Venture Rewards Credit Card’s sign-up bonus. Keep in mind that you have to be a member of the Navy Federal Credit Union before applying for the Visa Signature® Flagship Rewards Credit Card.


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