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This article was last updated Dec 13, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.
If you’re a Norwegian Air loyalist or simply want to earn rewards to use toward future international travel, you’ll be happy to know that the low-cost carrier recently launched its first co-branded credit card in the U.S.
Along with offering rewards – which are earned in the form of “CashPoints” – on every purchase, the Norwegian Reward Card offers an elevated rewards rate on eligible Norwegian Air, dining and grocery purchases. Plus, the card offers the following sign-up bonus: Earn $50 in CashPoints with $500 in purchases in the first 90 days.
CashPoints can be applied toward Norwegian flights (full or partial payment) to any destination, with no blackout dates or minimum spend. They can also be used to cover fees for extra luggage, cancellation insurance, seat reservations and ticket changes.
In this review, we’ll break down the pros and cons of the Norwegian Reward Card, as well as show how it compares with the Capital One® VentureOne® Rewards Credit Card.
In this post:
- Where the Norwegian Reward Card stands out
- Where the Norwegian Reward Card falls short
- Compare it to the Capital One® VentureOne® Rewards Credit Card
- The bottom line
Where the Norwegian Reward Card stands out
Rewards rate. The Norwegian Reward Card offers CashPoints as a percentage of every U.S. dollar you spend on eligible purchases. Cardholders earn 2% extra on Norwegian, 2% on dining + grocery and 1% on all other purchases.
For example, if you spend $1,200 on a Norwegian flight – which earns 2% per dollar spent – you will earn $24 in CashPoints for that purchase.
Sign-up bonus. Earn $50 in CashPoints with $500 in purchases in the first 90 days.
Anniversary bonus. Get $100 in CashPoints when you make $20,000 in eligible purchases during the 12 month-period between your Norwegian Reward Card anniversaries.
- $0 annual fee
- Foreign transaction fees: None
- Priority boarding
- Mastercard Global Service
- Mastercard identity theft protection
- 15% discount on Airport Meet and Greet services
Where the Norwegian Reward Card falls short
Points expiration. While there is no limit to the amount of rewards you can earn, your CashPoints will expire if you don’t redeem them within 48 months from the end of the calendar year in which the rewards were earned.
Limited redemption options. Unlike travel credit cards that let you redeem rewards for flights on any airline, hotel stays, cash back, merchandise and more, the Norwegian Reward Card only allows you to use CashPoints for Norwegian Air purchases.
No intro APR. Because the Norwegian Reward Card does not offer a 0% introductory APR on purchases, it’s not the best card to finance a large purchase. If you don’t pay your balance in full each month, you will incur a high APR of 9.74% - 27.74% variable.
Compare it to the Capital One® VentureOne® Rewards Credit Card
If you’re not loyal to Norwegian Air, you’Il want to consider a travel rewards card that offers more flexibility in where and how you can use your rewards. The Capital One® VentureOne® Rewards Credit Card, for example, offers 1.25 miles per dollar on every purchase, every day.
Instead of limiting you to redeeming rewards with one airline (as the Norwegian Reward Card does), the Capital One® VentureOne® Rewards Credit Card lets you use miles to book travel with any airline with no seat restrictions or blackout dates. Miles can also be redeemed for car rentals, hotels, ride-sharing apps, cruises, statement credits, gift cards and more. Plus, you can transfer Venture miles to 15 travel partners, including Air France/KLM Flying Blue, Air Canada Aeroplan, JetBlue TrueBlue and Emirates Skywards (but not Norwegian).
See how the cards compare side by side in the table below.
Norwegian Reward Card vs. Capital One® VentureOne® Rewards Credit Card
|Norwegian Reward Card||Capital One® VentureOne® Rewards Credit Card|
|Sign-up bonus||Earn $50 in CashPoints with $500 in purchases in the first 90 days.||One-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of account opening, equal to $200 in travel|
|Rewards rate||2% extra on Norwegian, 2% on dining + grocery and 1% on all other purchases||1.25 Miles per dollar on every purchase, every day|
|Intro APR on purchases||N/A||0% intro on purchases for 12 months|
|Regular purchase APR||9.74% - 27.74% Variable||15.49% - 25.49% (Variable)|
|Foreign transaction fee||None||None|
The Norwegian Reward Card does allow you to earn a higher rewards rate on dining, grocery and Norwegian Air purchases. However, if you prefer a straightforward approach to earning rewards, the flat-rate Capital One® VentureOne® Rewards Credit Card is more ideal, since it offers 1.25 miles per dollar on every purchase, every day.
Also, if you’re planning to finance a large purchase, like a trip to Europe, you won’t incur interest charges for a year with the Capital One® VentureOne® Rewards Credit Card. The card offers 0% intro on purchases for 12 months, then a regular APR of 15.49% - 25.49% (variable) applies.
The bottom line
If you are a Norwegian Air loyalist, the Norwegian Reward Card offers a great opportunity to earn CashPoints that can later be used to cover flights and other travel expenses with the airline. But if you prefer a card that offers an elevated rewards rate on every purchase, as well as more options for rewards redemption, the Capital One® VentureOne® Rewards Credit Card may be a better fit.