Navy Federal GO BIZ® Rewards Credit Card Review for 2023
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
The Navy Federal GO BIZ® Rewards Credit Card is a small business credit card exclusive for Navy Federal Credit Union members wanting to earn unlimited 1x points per dollar from all eligible business purchases. It comes with no annual fee, no foreign transaction fees, and low ongoing annual percentage rates (APRs). What’s more, it’s available as a Visa or Mastercard, ensuring cardholders get the best benefits from either processor.
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
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Navy Federal Credit Union members wanting to get rewards from business purchases
Intro APR
None
Regular APR
10.65% (Prime rate + 5.9%) to 18% (Prime rate + 13.9%) variable
Annual Fee
None
Credit Needed
Excellent
- 1X point per dollar spent on eligible net purchases
Pros
- No 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
- Visa SavingsEdge: A unique feature that lets Visa® cardholders save on business expenses with Everyday Offers, which will become automatically available to you after enrolling.
Intro APR
None
Regular APR
10.65% (Prime rate + 5.9%) to 18% (Prime rate + 13.9%) variable
Annual Fee
None
Credit Needed
Excellent
- 1X point per dollar spent on eligible net purchases
Pros
- No 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
- Visa SavingsEdge: A unique feature that lets Visa® cardholders save on business expenses with Everyday Offers, which will become automatically available to you after enrolling.
When grading rewards business credit cards, we give the most weight to ongoing rewards and rate introductory rewards slightly less. We also consider the annual fee, introductory and ongoing APRs, and additional card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 0 | 20 |
Annual Fee | 15 | 15 |
Ongoing APR | 15 | 15 |
Introductory APR | 0 | 10 |
Additional Features | 8 | 10 |
Total Score | 58 | 100 |
Who the Navy Federal GO BIZ® Rewards Credit Card Is Best For
- Navy Federal Credit Union members who prefer fixed-rate rewards: Members who prefer to earn fixed-rate rewards on business purchases without the need to monitor spending categories may find this card a good fit.
- Navy Federal Credit Union members who need a $5,000 to $25,000 credit limit: The minimum credit limit of the Navy Federal GO BIZ® Rewards Credit Card is $5,000, while the maximum is $25,000. Credit limits are subject to verification and approval.
If this card doesn’t fit your needs, then see our recommended alternatives below.
Navy Federal GO BIZ® Rewards Credit Card Fees
APR
- Introductory APR: None
- Ongoing APR for purchases, balance transfers, and convenience checks: 13.40% to 18.00% variable, adjusts with the prime rate
- Cash advance APR: 2.0% above your variable APR, not to exceed 18.0%, adjusts with the prime rate
- Penalty APR: Prime rate plus 11.0%, not to exceed 18.0% variable
- Due date: At least 25 days after the close of each billing cycle
Fees
- Annual fee: None
- Foreign transaction fee: None
- Balance transfer fee: 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 fee: None
- Late payment fee: $20
- Returned payment and returned convenience check fees: $20
- Convenience check stop range fee: $10
- Convenience check stop payment fee: $6.50
How To Make Payments on the Navy Federal GO BIZ® Rewards Credit Card
- Mobile app: Use the Navy Federal iOS or Android mobile app. Follow the instructions on its website to complete your payment.
- Online: Pay your bills through its online banking website. You need to maintain an active Navy Federal online account to pay your credit card bills seamlessly.
- In-person: Visit the nearest branch in your area.
- Mail: Send your Visa or Mastercard check payments to the following address:
PO Box 3500
Merrifield, VA 22119-3500
Navy Federal GO BIZ® Rewards Credit Card Rewards
- 1x points 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.
Points can be redeemed for airline tickets and as gift cards and certificates or credited to your savings account. You can redeem your rewards either through online banking at the Navy Federal website or by calling (855) 575-4642.
Note that while points don’t have any monthly or annual caps, these will expire within four years from the month in which they were earned, so long as the account is open.
Navy Federal GO BIZ® Rewards Credit Card 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 SavingsEdge: This is a unique feature that lets Visa® cardholders save on business expenses with Everyday Offers, which will become available automatically after enrolling. You can enjoy exclusive discounts on qualifying business purchases from participating merchants, including travel services, information technology solutions, shipping services, and restaurants.
- Other Visa Benefits: You’ll have access to Visa’s:
- Zero liability policy
- Cardholder inquiry service
- Auto rental collision damage waiver
- Travel and emergency assistance service
- Travel accident insurance
- Purchase security and extended protection
- Roadside dispatch
- Mastercard Easy Savings® program: Receive rebates, which will be applied to your statement automatically, of up to 10% from participating merchants, including gas stations, vehicle maintenance providers, and shipping companies.
- Microsoft Advertising discount: Get a $125 advertising credit after spending $10 with Microsoft Advertising.
- Salesforce Essentials discount: Get Salesforce Essentials, which puts sales and customer support management in a single app, for only $9.99 per user, per month.
- Zoho Social discount: Zoho Social can help you build, manage, and measure your business’s reach across networks. Get a 50% discount on your first year of subscription.
- Collision Damage Waiver – MasterRental®: Use your card when you rent a car for 31 consecutive days or less and automatically gain Collision Damage Waiver (CDW) coverage.
- Mastercard Airport ConciergeTM: Enjoy 15% savings on Airport Meet & Greet services that provide you with a personal escort for departures and arrivals at more than 450 destinations worldwide.
- Intuit QuickBooks discount: You’re eligible for a 30% discount from QuickBooks® Online or QuickBooks Self-Employed for 12 months.
- Intuit TurboTax discount: If you need tax preparation software, you can save up to $20 on TurboTax.
- Other benefits from Mastercard: You can also access other benefits, such as:
- Extended warranty
- Purchase assurance
- Cellular wireless telephone protection
- MasterAssist® travel assistance services
- Mastercard ID Theft Protection™
- Mastercard global service
- Identity fraud expense reimbursement
- MasterRental® insurance coverage
Navy Federal GO BIZ® Rewards Credit Card Alternatives
The following alternatives to Navy Federal GO BIZ® Rewards Credit Card are ideal for business owners who are ineligible for Navy Federal membership. You can choose a card that offers premium cash back with a maximum limit, fixed-rate cash back on all purchases, or a long interest-free financing period on both balance transfers and purchases.
American Express Blue Business CashTM
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No 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.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No 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.
- Is our best cash back business credit card and is a great option if your annual spending is less than $50,000
- Offers 2% cash back on all eligible purchases worth up to $50,000 per calendar year, then 1% when the cap is met
- Lets you earn a sign-up bonus of a $250 statement credit after spending $3,000 in qualifying purchases within the first three months after opening an account
- Provides 0% introductory APR on purchases for the first 12 billing cycles of account opening
- Has no annual fee
- Is eligible for business owners with good to excellent credit scores
Chase Ink Business Unlimited®
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
- Is ideal for new business owners who prefer unlimited fixed-rate cash back that’s slightly higher than what the Navy Federal GO BIZ® Rewards Credit Card offers
- Lets you earn unlimited 1.5% cash back on all business-related purchases
- Provides an interest-free financing option on purchases for the first 12 billing cycles after opening an account
- Offers a $750 bonus cash back after spending $7,500 on purchases within the first three months of card ownership
- Has no annual fee
- Requires good to excellent credit scores
- Is our best small business credit card and leading credit card for new businesses with no credit history
U.S. Bank Business Platinum
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Intro APR
Regular APR
16.99% - 25.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- Is a great alternative if you want a longer interest-free financing option as it’s our top 0% APR business card and leading business card for balance transfers
- Offers 0% introductory APR on purchases and balance transfers for the first 18 billing cycles after opening an account
- Has no annual fee
- Doesn’t offer a sign-up bonus and ongoing rewards
- Requires good to excellent credit scores
Frequently Asked Questions (FAQs)
Bottom Line
Navy Federal GO BIZ® Rewards Credit Card is ideal for Navy Federal Credit Union members wanting a simple rewards program and low credit limits. It offers 1x points for every dollar spent on eligible net purchases, charges no annual or 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 a sign-up bonus.
If you want to see other alternatives, check out our guide to the best small business credit cards.
