Editorial and Partnership Disclosure
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers. This is a recurring post with regularly updated card details. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities.
The Navy Federal GO BIZ® Rewards Credit Card offers unlimited 1x point per dollar on all eligible business purchases, charges $0 annual and foreign transaction fees, and comes with a relatively low ongoing APR Annual Percentage Rate . What’s more, it’s available as a Visa or Mastercard, ensuring you get the best benefits from either processor, whichever you prefer. Keep in mind, however, that it is exclusive to Navy Federal Credit Union business members.
Navy Federal has 53 branches and provides services on or near Navy bases. You can check the list of bases to see if there is a Navy Federal branch serving near you.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to Compare to view the details in a side-by-side comparison.
Navy Federal Go Biz® Rewards Credit Card
BEST FOR:
Navy Federal Credit Union members wanting to get rewards from business purchases
Intro APR
None
Regular APR
18% variable
Annual Fee
$0
Credit Needed
Excellent
- 1X point per dollar spent on eligible net purchases
Pros
- $0 annual and foreign transaction fees
- Can redeem rewards in various ways
- Available in more than 30 states
Cons
- Only available for Navy Federal Credit Union members
- Low rewards rate
- No interest-free financing option for purchase and balance transfers
- No introductory rewards
• Available as Visa® or Mastercard®
• Multiple cardholders available
• Zero Liability policy for unauthorized transactions
Intro APR
None
Regular APR
18% variable
Annual Fee
$0
Credit Needed
Excellent
- 1X point per dollar spent on eligible net purchases
Pros
- $0 annual and foreign transaction fees
- Can redeem rewards in various ways
- Available in more than 30 states
Cons
- Only available for Navy Federal Credit Union members
- Low rewards rate
- No interest-free financing option for purchase and balance transfers
- No introductory rewards
• Available as Visa® or Mastercard®
• Multiple cardholders available
• Zero Liability policy for unauthorized transactions
When grading points-based rewards business credit cards like the Navy Federal GO BIZ® Rewards Credit Card, we rate the ongoing and introductory rewards first. We also consider the annual fee, introductory and ongoing APRs, and other features that may be valuable to business owners.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 15 | 25 |
Introductory Rewards | 0 | 25 |
Annual Fee | 15 | 15 |
Features | 10 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 50 | 100 |
Who the Navy Federal GO BIZ® Rewards Credit Card Is Best For
- Those who meet the eligibility requirements: To be eligible for the Navy Federal GO BIZ® Rewards card, business owners need to meet the following criteria:
- Navy Federal Credit Union business member
- Must either have one year of tenure as an individual member or have been in business for at least 24 months
- Navy Federal Credit Union members who prefer fixed-rate rewards: The card lets you earn fixed-rate rewards on business purchases without the need to monitor spending categories
If this card doesn’t fit your needs, then see our recommended alternatives below.
Navy Federal GO BIZ® Rewards Credit Card Rewards
- 1x point per dollar spent on eligible net purchases Net purchases mean the sum of your eligible purchase transactions, minus returns and refunds. These eligible transactions exclude the following: cash advances, convenience checks, balance transfers, gambling, and fees of any kind.
Rewards Calculator
Find out how much you can earn from the Navy Federal GO BIZ® Rewards Credit Card based on your estimated monthly expenses. Our rewards calculator will compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
Note that each point is valued at 0.01 cents.
You can redeem your points for cash back, or use them to pay at checkout, for travel, or gift cards. Note that 1 point is equal to $0.01, so 10,000 points equal to $100. You can redeem your points rewards through online banking at navyfederal.org, through the Navy Federal mobile app, or by calling 1-855-575-4642. Keep in mind that points expire four years from the month in which they were earned, as long as the account is open.
Navy Federal GO BIZ® Rewards Credit Card Features
Visa and Mastercard Features
As the Navy Federal GO BIZ® Rewards Credit Card can be either a Visa or Mastercard, you receive the benefits typically associated with them. It’s important to note that you cannot change card type once the card has been issued.
Visa Features | Mastercard Features |
|---|---|
|
|
Navy Federal GO BIZ® Rewards Credit Card Fees
APR
- Introductory: None
- Ongoing, balance transfers, and convenience checks: 18.00% variable—adjusts with the prime rate (with no minimum interest charge)
- Cash advance: Not disclosed
- Penalty: Not disclosed
Fees
- Annual: $0
- Balance transfer: Undisclosed—the issuer will add a finance charge to your account for each balance transfer from the date the transaction is posted to your account through the date it’s paid in full
- Cash advance: None if performed at a Navy Federal branch or ATM, otherwise $0.50 per domestic transaction or $1.00 per foreign transaction
- Foreign transaction: $0
- Late and returned payments: Up to $20
Your due date is at least 25 days after the close of each billing cycle.
Navy Federal GO BIZ® Rewards Credit Card Alternatives
The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
The American Express Blue Business Cash™ Card lets you earn automatic cash back of up to 2%, which will not expire for as long as your account remains open. Another unique feature is the Expanded Buying power, which allows you to spend over your credit limit based on your credit usage, credit score, and other financial factors. Plus, you can enjoy a 0% purchase APR for 12 months and a generous welcome offer when you meet the spending requirements.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® offers up to 5% cash back, a $100 annual software credit, and a $750 welcome offer when you meet the spending requirements. You can also take advantage of interest-free financing on purchases for the first 12 billing cycles, as well as its ExtendPay Plan program, which lets you pay off your eligible balance over time for only a small monthly fee without interest.
card_name
card_name
BEST FOR:
Unlimited 2x miles with every swipe
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
credit_score_needed
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases
- Charges an annual fee after the first year
- Balance transfers are not available
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
credit_score_needed
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases
- Charges an annual fee after the first year
- Balance transfers are not available
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
If you prefer to earn miles rewards, the card_name will be a great alternative. It lets you earn up to 5x miles per dollar on your purchases, which you can redeem toward travel, like flights, hotels, and ride-sharing services. You can also transfer miles to any of Capital One’s 15-plus travel loyalty programs. On top of that, you’ll enjoy $0 foreign transaction fees and receive up to a $120 credit for Global Entry or TSA PreCheck®.
Frequently Asked Questions (FAQs)
Bottom Line
Navy Federal GO BIZ® Rewards Credit Card offers 1x point for every dollar spent on eligible net purchases, charges $0 annual and foreign transaction fees, and has a low ongoing APR compared to most other business credit cards. Keep in mind that the card doesn’t come with interest-free financing options and welcome offers. Also, to be eligible for the card, you need to be a Navy Federal Credit Union business member for at least one year. New members may qualify if you have been in business for at least 24 months.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
