How much are Navy Federal nRewards points worth? This question is about the Navy Federal Credit Union nRewards® Secured Credit Card

How much are Navy Federal nRewards points worth?

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This question is about the Navy Federal Credit Union nRewards® Secured Credit Card

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@WalletHub • 07/07/21 This answer was first published on 10/22/20 and it was last updated on 07/07/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Navy Federal nRewards points are worth 1 cent per point. For example, 1,000 Navy Federal nRewards points have a value of $10. The value of Navy Federal nRewards points is the same regardless of how they are redeemed.

Navy Federal nRewards Point Values

Redemption Method	Average Point Value	Value of 1,000 Points
Travel	N/A	N/A
Cash Back	1 cent	$10.00
Gift Cards	1 cent	$10.00
Merchandise	1 cent	$10.00

Tips for Maximizing the Value of Navy Federal nRewards Points

Pay your bill in full every month.

The Navy Federal nRewards card’s regular APR is high enough to erode your rewards earnings if you carry a balance from month to month.

Keep your account in good standing.

If Navy Federal Credit Union closes your account because of a failure to pay the bill or fraudulent activity, you’ll lose any unredeemed points you have saved. Similarly, any points you don’t redeem before closing your account will be lost.

Answer Question

Cash back vs. points: does it make a difference?

The difference between cash back and points is that the former is the most versatile type of credit card rewards, as it can be redeemed for anything, and there’s never any doubt about how much it’s worth. Points, on the other hand, have a value set by the credit card company and tend to be worth the most when redeemed for travel. Credit card companies won’t always clearly disclose points values, and those values can change over...

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How much are credit card points worth?

Credit card points are worth an average of 1 cent apiece, though credit card point values usually range from 0.5 cents to 1.5 cents per point, depending on the card and the redemption method. For example, you might spend 2,500 points on a $25 gift card, but the same number of points might only get you $15 when redeemed for merchandise.

More credit cards reward users with points than you might think, too. For...

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Can anyone tell me how to redeem Navy Federal rewards?

You can redeem your rewards online. Simply log in to online banking: https://my.navyfederal.org/NFOAA_Auth/login.jsp. Choose your rewards card under "Loans & Credit Cards", locate your "Rewards Points" and select "Rewards" to enter the redemption center.

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