Navy Federal Credit Union today announced the launch of its new cashRewards Plus credit card, offering members an even more rewarding way to earn cash back on their everyday purchases.

The cashRewards Plus card provides members with unlimited 2% cash back on all purchases, making it a competitive option for cardholders who value cash back. This new card builds upon Navy Federal's commitment to delivering exceptional value and benefits to members of the military and their families.

Eligible members that qualify for cashRewards Plus have access to a comprehensive suite of benefits, including:

• No annual fee

• No balance transfer fees

• No foreign transaction fees

• No cash advance fees

• Free credit score access

• No rewards limit or expiration while the account is open

• Collision Damage Waiver

To celebrate the launch of cashRewards Plus, cardholders could earn a $200 cash back bonus when spending $2,000 within 90 days of account opening. In addition, cardholders will receive a one-time $98 statement credit for an annual Walmart+ membership. This limited-time offer is available until January 1, 2025.

“Our members value simplicity and rich rewards on their everyday spending. cashRewards Plus delivers on these values with unlimited 2% cash back on all spending categories and a $0 annual fee,” said Rick Conyers, assistant vice president of credit card products at Navy Federal. “The cashRewards Plus card is a testament to our ongoing efforts to provide members with the best possible financial tools.”

Eligible existing cashRewards cardholders will automatically be upgraded to the cashRewards Plus card and enjoy the increased rewards. Members can apply for a cashRewards card through Navy Federal's online platform, mobile app, 24/7 contact center, or by visiting a branch. Message and data rates may apply. Visit navyfederal.org for more information.