Navy Federal cashRewards

The cashRewards earns a flat 1.5% cash back on everything with no annual fee and no foreign transaction fee, a straightforward setup with one wrinkle worth knowing: approvals at a credit limit of $5,000 or more are issued as cashRewards Plus, which earns 2% instead, so the same application can land you a better card. The $250 bonus after $2,500 in the first three months (on applications through January 3, 2027) is solid for a no-fee card. Where it stands out is debt: 1.99% intro APR on balance transfers for 12 months with no balance transfer fee, and an ongoing range of 14.15% to 18% that stays below what most rewards cards charge. The downside is 1.5% is now the low end for flat-rate cash back, and there are no bonus categories to lift the average. Take it for the low rates and the chance at the 2% version, not as a rewards centerpiece.