The Navy Gets a New Rewards Program
The Navy’s GO REWARDS credit card, from the Navy Federal Credit Union, has upgraded its rewards program.
Under the new system, cardholders will be rewarded according to a 3-tiered rewards program. Service members will earn triple points at restaurants, double points on gas, and one point per dollar spent everywhere else.
Another new feature of the program is that there is no limit on how many reward points folks can earn. Previously there were caps on how many points could be earned, but no more. For all three tiers—restaurants, gas, and all other spending—people can earn unlimited points.
Randy Hopper, vice president of credit cards at the credit union, said that Navy Federal had noticed increased spending in restaurant and travel categories, prompting them to create the new system. “It was an easy choice to award three times the points at restaurants and two times the points on gas with no points cap,” said Hopper.
Visa Signature perks, rewards calculator among other benefits of card
Navy service people and veterans who have the GO REWARDS card can also access an award points calculator on the web, allowing them to estimate the rewards they will earn with different spending levels.
The card is also a Visa Rewards card, which gives perks like 24/7 concierge service, purchase protection, and other benefits, particularly in the travel sector. Concierge service is particularly helpful for travelers, as it can be used to assist cardholders make hotel or restaurant reservations, locate services, and get the contact information for health professionals or other emergency needs when away from home.
There are also no foreign transaction fees, so purchases made overseas will not have any higher cost associated with them. Many cards charge around 2-3% for purchases made in other countries. Since service members travel widely, this is a big drawback of a card that charges foreign transaction fees. The GO REWARDS card also has no annual fee and no fee for balance transfers.
The largest credit union in the world
The Navy Federal Credit Union has more than $72 billion in assets, almost six million members, and 276 branches. It is the largest credit union in the world, and serves any Department of Defense, Coast Guard Active Duty, civilian, and contractor personnel, as well as their families. Their website, www.navyfederal.org, has answers to any questions about the new rewards program.
Latest Credit Card Rewards News
M1 Finance has made its popular Owner’s Rewards Card even more enticing with seven new brands to earn accelerated cash back on purchases. The M1 Owner’s Rewards Visa® Signature Card is one of the more tempting fintech and investment rewards credit cards on the market today. Launched in the summer of 2021, the card offers […]
Rotating category credit cards are cash back credit cards that offer their highest cash back percentage in shopping categories that rotate on a regular basis, often quarterly. The major credit card issuers have already opened registration for Q1 2022 rotating bonus categories on their popular cash back credit cards. The first quarter is active from […]
The good news for American Airlines’ frequent flyers and Citi ThankYou Points fans: Citibank has added American Airlines as a new transfer partner for its ThankYou Rewards program. Transferred ThankYou Points can be used to secure flights, flight upgrades, vacation packages, hotel stays, car rentals and more through the American Airlines AAdvantage program. Although this […]
The SoFi Credit Card was introduced in October 2020, and now it is open to anyone interested in applying. SoFi has used the time since the limited release to improve and refine their credit card based on feedback they received from first members. The SoFi Credit Card became available to the general public on March […]
American Express has rolled out a heap of new perks for the following group of its co-branded travel credit cards: Delta SkyMiles, Hilton Honors, and Marriott Bonvoy cards. The deals are available to owners of the participating Amex cards issued before Jan. 1, 2021. Depending on the card, eligible holders can receive from $5 to […]