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.
Navy Federal has 53 branches and provides services on or near Navy bases. You can check the list of bases 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
- 1X point per dollar spent on eligible net purchases
Pros
- Does not charge 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.
- 1X point per dollar spent on eligible net purchases
Pros
- Does not charge 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 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. .
Navy Federal GO BIZ® Rewards Credit Card Calculator
You can 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.
How To Redeem Navy Federal GO BIZ® Rewards Credit Card Rewards
You can redeem cash back on a per-point basis , such as 10,000 points equal to $100, which will be credited to your savings account. Another option is to redeem through Pay with Points, which will be valid for up to three transactions totaling a minimum of $50 (worth 5,000 points).
Cash redemptions can be done by calling (855) 575-4642, while Pay with Points redemptions can be done online.
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 and Mastercard Feature
- Collision Damage Waiver: Gives you coverage after using your card to pay the whole rental for 15 days or less. Note that coverage includes physical damage and theft of the rental vehicle, reasonable towing charges, and valid loss-of-use charges imposed by the rental company.
Visa Features
- ID Navigator Powered by NortonLifeLock: Gives you access to smart tools like dark web monitoring and data breach notifications, helping protect you against identity theft.
- Zero liability policy: Provides protection against unauthorized purchases made to your account through Visa’s zero liability policy.
- Roadside dispatch: Offers a pay-per-use roadside assistance program by simply calling (800) 847-2869.
Mastercard Features
- Purchase assurance coverage: Secures 90 days’ worth of coverage on your new purchases that are bought with your card.
- Travel assistance services: Provides the following services from Mastercard that you may need while traveling:
- MasterTrip® travel assistance: Offers relevant information, such as travel requirements, necessary documentation, immunizations, and currency exchange rates, in preparation for your trip.
- Travel services medical assistance: Lists down a global referral network of general physicians, dentists, hospitals, and pharmacies in the event of emergencies.
- Master RoadAssist® Service: Lets you call (800) MASTERCARD if you are in need of assistance. Note that this is only available if you are traveling within the United States.
- Extended warranty: Extends the warranty of your purchased items by an additional year. It also provides a maximum coverage of $10,000 per covered card in the event of repair or replacement.
- Price protection: Provides coverage on purchases made with your card for 60 days from the date of purchase.
- Mastercard Global Service™: Offers Mastercard phone support if you are in need of assistance for lost and stolen card reporting, emergency card replacement, and emergency cash advance.
Navy Federal GO BIZ® Rewards Credit Card Fees
APR
- Introductory: None
- Ongoing, balance transfers, and convenience checks: Between 14.40% and 18.00% variable—adjusts with the prime rate (with no minimum interest charge)
- Cash advance: 2.0% above your variable APR, not to exceed 18.0%, adjusts with the prime rate
- Penalty: 18.00% and will be applied to your account if you:
- Are over 60 days past due, or;
- Made a returned payment—which causes your account to be over 60 days past due
Fees
- Annual: None
- Foreign transaction: None
- 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: None
- 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
American Express Blue Business Cash
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- 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, 18.49% - 26.49%, 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.
- 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.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- 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.
- 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, 18.49% - 26.49%, 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.
- 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.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- 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.
When To Consider the American Express Blue Business Cash
- You intend to spend beyond your credit limit: It offers expanded buying power—adjusting your credit limit after meeting certain criteria.
Other Benefits
- Receive a $250 statement credit after spending $3,000 in purchases within the first 3 months of account opening
- Earn 2% cash back on the first $50,000 in total purchases per calendar year—then 1% cash back after the cap is met
- Have a 0% introductory period on purchases for the first 12 billing cycles
Because of its 0% introductory period, cash back rewards, and expanded buying power, this card is also our leading cash back business credit card and our top business credit card for restaurant owners. See our list of the best American Express business credit cards for more options.
Bank of America® Business Advantage Customized Cash Rewards
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of their choice
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations & EV charging stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% cash back on purchases in the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for Preferred Rewards for Business Platinum Honors tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee.
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire as long as your account remains open.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- Welcome offer
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
When To Consider the Bank of America® Business Advantage Customized Cash Rewards
- You want to earn cash back rewards on your chosen spending category: It lets you earn 3% cash back on the category of your choice and 2% cash back on dining purchases on the first $50,000 in combined choice category/dining purchases each calendar year.
Other Benefits
- Earn a $300 statement credit after spending $3,000 in net purchases within the first 90 days of account opening
- Have a 0% introductory period on purchases for the first 9 billing cycles
- View and monitor your business credit score at no additional cost
This card made it in our roundups of the best limited liability company (LLC) credit cards and the best business credit cards that don’t report to personal credit. Check our guide to the best Bank of America business credit cards for more options.
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- 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.
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- 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.
When To Consider the U.S. Bank Business Platinum Card
- You plan to make large purchases or significant transfers: It has a 0% introductory period on purchases and balance transfers for the first 18 billing cycles.
Other Benefits
- Pay off balances over time by dividing eligible purchases into monthly payments with no interest through the ExtendPay® Plan
- Track spending and manage finances through SinglePoint® Essentials
This card is our top recommended business credit card for balance transfers and one of our best small business credit cards simply because of its long 0% introductory period. For more options from the same bank, you can refer to our guide to the best U.S. Bank business credit cards.
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.