Navy Federal cashRewards Plus

cashRewards Plus is a flat 2% cash back card with no annual fee and no foreign transaction fee, which puts it at the top of the simple everyday tier. One condition matters a lot: the 2% version is issued on the cashRewards application only when you are approved for a credit limit of $5,000 or more, and smaller limits get the 1.5% card instead, so the headline rate is not guaranteed going in. The welcome offer is $250 after $2,500 in purchases in the first three months on applications through January 3, 2027, and the regular APR range of 14.15% to 18% is well under what most rewards cards charge. It is also a quiet balance transfer option at 1.99% for 12 months with no balance transfer fee at all, which is genuinely uncommon. The tradeoff is the absence of bonus categories and of perks beyond rental car collision damage coverage, so treat it as the card you reach for when nothing else earns more.