Here’s How to Get an Easy 2% Cash Back Every Time You Swipe Your Card
Written by 
Edited by 
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Every purchase you make — from groceries to gas to everyday essentials — is an opportunity to earn cash back. And the Navy Federal Credit Union cashRewards Plus credit card makes it simple: You’ll get unlimited 2% cash back2on everything.
Even better? You can also get a $250 bonus1 just for doing your regular shopping.
How to Earn Up to 2% Cash Back On Every Purchase — Plus a $250 Bonus
When you use one of the Navy Federal Credit Union cashRewards credit cards, you can earn cash back on your everyday purchases. And when you spend $2,500 within 90 days of opening your account, you’ll also earn a $250 cash bonus.
Here’s how it works: There are two types of cashRewards accounts. If you’re approved for a credit limit of $5,000 or more, you’ll get a cashRewards Plus card. If not, you’ll get the cashRewards card. But don’t worry — both cards help you earn cash back while you shop. With cashRewards Plus, you’ll earn 2% unlimited cash back, and with cashRewards, you’ll earn unlimited 1.5% cash back.
Plus, right now, you can transfer a balance to either card within your first 60 days and save with a 1.99% intro APR for 12 months from account opening. After that, a variable APR between 14.15% and 18% applies. Plus, there are no balance-transfer fees 3.
Why It’s a Savvy Move
Each card has no rotating spending categories and no limit on how much cash back you can earn. You can start redeeming those rewards as soon as you earn them — there’s no minimum redemption amount, and rewards don’t expire while your account remains open. Plus, both cards have no annual fee, no balance transfer fees, and no foreign transaction fees. This means the 1.5 to 2% you’re earning stays in your pocket.
The Smart Way to Use It
Here’s the key: Treat this card as a replacement for your current card, not as a reason to spend more. Use it for the purchases you were already going to make. Pay off your balance in full each month to avoid interest. Watch your rewards stack up.
This approach transforms a rewards card from a temptation into an actual money-making tool.
The Bottom Line
With the Navy Federal Credit Union cashRewards credit cards, every swipe could earn you up to 2% cash back with no caps, no rotating categories, and no expiration dates. Add in the $250 bonus and the introductory balance transfer offer, and you’ve got a card that works as hard as you do.
Ready to turn your everyday spending into real rewards? Apply for the Navy Federal Credit Union cashRewards credit card today.
1Offer valid for cardholders issued a new cashRewards or cashRewards Plus credit card account. To be eligible for the $250 cash back, you must make $2,500 or more in eligible purchases within 90 days of account opening. Eligible purchases include purchases of goods and services, minus returns and credits, and exclude fees, interest, balance transfers, convenience checks, and cash advances, including cash-equivalent transactions such as gambling, purchases from securities brokers and dealers (including prediction markets), money orders, gift cards, prepaid cards, and person-to-person money transfers through third-party services. Please allow up to 8 weeks after the 90-day period for the $250 to post to your rewards balance. Account must be open and not in default at the time the $250 is scheduled to post to your rewards balance. Limit of one promotional offer at account opening. Offer valid for accounts applied for between 07/01/2026 and 01/03/2027. Navy Federal reserves the right to change or end this offer at any time without notice
2 cashRewards Plus credit cards earn 2% cash back per dollar spent on eligible purchases. cashRewards credit cards earn 1.5% cash back per dollar spent on eligible purchases. Eligible purchases include purchases of goods and services, minus returns and credits, and exclude fees, interest, balance transfers, convenience checks, and cash advances, including cash-equivalent transactions such as gambling, purchases from securities brokers and dealers (including prediction markets), money orders, gift cards, prepaid cards, and person-to-person money transfers through third-party services. For more information, view the Program Descriptions for the cashRewards and cashRewards Plus cards at https://www.navyfederal.org/content/dam/nfculibs/pdfs/credit-debit-cards/nfcu_829.pdf
3 As of 02/02/2026, the Purchases, Balance Transfers, and Convenience Checks APRs range from 14.15% to 18%, are based on creditworthiness, and vary with the market based on the U.S. Prime Rate. The Cash Advance APR is 18%. The Penalty APR is 18% and may apply to an account that is over 60 days past due. ATM cash advance fees: None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. Balance transfer offer: Application must be submitted by 01/03/2027. Offer valid for balances transferred from non-Navy Federal credit cards within 60 days of account opening. Balance transfers are not eligible to earn rewards. Maximum total transfer amount is limited to your available credit line. Balance transfers using convenience checks are excluded from this offer. If you transfer a balance with this offer, interest will be charged on purchases made with your credit card unless your purchases have a 0% APR or you pay the entire balance, including any transferred balances, in full each month by the payment due date. Limit of one promotional offer at account opening. Navy Federal reserves the right to change or end this offer at any time without notice.
This content is intended to provide general information and should not be considered legal, tax, or financial advice. It is always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.
More From GOBankingRates
