Military Members and Families Can Get $539 of Value From This Navy Federal Credit Card

Members of the U.S. military and their families often make big sacrifices as part of being in the service, and sometimes have some unique financial needs. Fortunately, special credit unions and financial institutions exist to provide service (and perks) for the U.S. military community.

One of the best-known military-focused financial institutions is Navy Federal Credit Union. This not-for-profit credit union provides banking services for its 13 million member-owners -- all of whom are military members, veterans, and their families. But Navy Federal Credit Union is not just a great option for military service members to get a loan or open a savings account. This credit union also offers rewards credit cards.

recently announced a new special offer (valid until June 30, 2024). If you qualify for its Visa Signature® Flagship Rewards Credit Card, you can earn 40,000 welcome bonus points (worth $400) plus a free year of Amazon Prime (worth $139).

Let's look at how much value military members (and their families) can get if you qualify for the new Navy Federal Visa Signature® Flagship Rewards Credit Card.

New Navy Federal credit card offer: 40,000 welcome bonus points

If you apply for a new Navy Federal Visa Signature® Flagship Rewards Credit Card by June 30, 2024, and spend $3,500 on eligible net purchases within 90 days of opening your account, you can get 40,000 welcome bonus points, worth $400. Navy Federal rewards points can be redeemed for cash back, travel, merchandise, gift cards, and more.

And this credit card has a simple, predictable structure for earning reward points. The Visa Signature® Flagship Rewards Credit Card offers 3x points for every $1 you spend on travel, and 2x points for other purchases. Since Navy Federal points can be redeemed for cash, this card is competitive with some of the best cash back credit cards -- you can get 2% cash back on all non-travel purchases (and 3% for travel).

Extra value: Free Amazon Prime annual membership

Do you ever feel like the cost of everything keeps going up? Whether it's groceries, streaming video subscriptions, or your Amazon Prime membership, prices have been rising fast in the past few years. The Navy Federal Visa Signature® Flagship Rewards Credit Card can help with that!

If you qualify for this card, you can use it to get a free annual membership to Amazon Prime -- a $139 value! You must use your Navy Federal Visa Signature® Flagship Rewards Credit Card to open or renew an annual Amazon Prime membership, not a monthly payment option or student membership. The Amazon Prime membership must be purchased with your card by Jan. 1, 2025 -- you will then receive a statement credit on your account within six to eight weeks.

More details and perks of this Navy Federal credit card

This Navy Federal Visa Signature ® Flagship Rewards Credit Card charges a $49 annual fee, which is lower than many travel rewards credit cards. And in case you sometimes carry a balance, this card charges lower interest rates than most of the best credit cards.

As of May 15, 2024, the Navy Federal Visa Signature® Flagship Rewards Credit Card is charging variable APRs of 15.24%-18.00%. Terms apply; the exact APR will be based on the cardholder's creditworthiness and will vary based on the prime rate.

Want one more perk? This card will also give you up to $100 in statement credits (every four years) to pay for your Global Entry or TSA PreCheck application fee. Some military members are frequent international travelers, and Global Entry (which includes TSA PreCheck) can be a nice perk to get through airport security and U.S. Customs lines more quickly.

Bottom line

If you or someone in your immediate family are active duty servicemembers, retirees, or veterans of the U.S. military, you can qualify to join Navy Federal Credit Union. This credit union is not just a good place to do your everyday banking or apply for a loan; you can also get rewards credit cards from that have some appealing perks and extra value.

The Navy Federal Visa Signature® Flagship Rewards Credit Card offers 3% reward points on travel purchases, and 2% points on all other purchases. This simple reward structure makes it competitive with the best cash back cards, and worth considering for military members and their families.