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Navy Federal upgrading its Visa Signature Flagship Rewards card

Card issuers are fighting for more choosy consumers

Photo (c) jetsadaphoto - Fotolia
Credit card issuers have stepped up their game in recent months, introducing cards with more perks and upgrading current cards to make them more attractive to consumers.

Earlier this month Chase teamed up with Expedia to provide extra travel booking options on its Chase Ultimate Travel Rewards card. Also this month American Express added fraud protections, allowing cardholders to place temporary freezes on their cards' use.

Now, Navy Federal Credit Union is relaunching its Visa Signature Flagship Rewards credit card, currently in the wallets of about 98,000 consumers. The new card, which launches September 5, provides an increase in rewards and other perks. The credit union says the makeover transforms the card from a traditional rewards card to one "fit for travelers, adventure seekers and everyday commuters."

More points

Cardholders will get three times the points on all travel related spending, including ride sharing and trains. All other non-travel purchases will get two times the points. One point is worth 1 cent when redeemed for cash, travel or gift cards.

Other perks include:

  • Up to $100 statement credit for Global Entry or TSA Pre-Check®

  • One point is now equal to $0.01 when you redeem for cash, travel or gift cards

  • No foreign transaction fees

  • No balance transfer fees

  • No limit on rewards earned and rewards never expire

The annual fee is waived for the first year but the card carries a $49 a year fee after that.

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