Navy Federal Go Biz Rewards Credit Card Review: The Best Choice for Your Business?

Choosing the right business credit card can be challenging for small business owners. Interest rates are important, and perks and rewards also deserve consideration. A Navy Federal Go Biz Rewards card is one of many options in this space. This article will examine what it offers and whether it’s worth it for small businesses.

Some key takeaways:

• The Navy Federal Go Biz credit card has no annual fee.
• The Navy Federal Go Biz rewards card has a variable APR of 17.40% to 18.00%,
• Navy Federal has no balance transfer fee and no cash advance fees.

Feel free to cross-reference this information with other online reviews. You’ll find plenty to choose from. According to the Small Business Administration, there are 34.75 million small businesses in the US¹. 69% of them are likely to apply for a business credit card this year.²

Navy Federal Go Biz Rewards Credit Card Overview

The credit card selection process usually begins with a feature comparison. The chart below shows features of the Navy Federal Go Biz credit card. It includes APR, rate, fees, and qualification criteria. It’s followed by a more detailed breakdown of each feature.

Navy Federal Go Biz Rewards Key Features

The chart above is an overview of the features available with the Navy Federal Go Biz credit card. This section provides details about cash back programs, interest rates, fees, and introductory offers provided by Navy Credit Union.

Rewards Program

As you can see in the chart, the rewards program for this card is set up in a standard tiered model. You can earn 3% cash back on the first $10,000 per year in restaurant purchases, 2% cash back on gas and transit, and 1% on everything else. Those numbers are okay, but it's worth taking the time to compare them to other cards; For example:

• Chase Ink Business Preferred offers 3x points on travel, shipping, internet, cable, phone services, and advertising purchases.4
• American Express Business Gold provides 4x points on the two categories where your business spends the most each month.5

Based on the numbers, Navy Federal appears to be a good choice for small businesses with teams that do frequent client meals or significant travel miles. It’s not geared toward growing enterprises with large operating expenses.

Interest Rates and Fees

The variable APR at Navy Federal ranges from 17.40% to 18.00%³, which is noticeably lower than industry standards. Here are the numbers from two of their competitors:

• Chase Ink Business Cash ranges from 17.49% to 25.49%.6
• Capital One Spark Cash Plus charges 21.49% to 29.49%.7

While the APR category is a win for Navy Federal, it’s not nearly as dominant as their fee structure. There is no annual fee, no balance transfer fee, no cash advance fee, and no foreign transaction fees. That's practically unheard of in today's credit card market.

International businesses that use other credit card providers are usually hit with a foreign transaction fee of up to 3% every time they purchase something outside the United States. Navy Federal doesn’t charge any fees on foreign transactions. That can create significant savings.

Intro Offers and Benefits

Getting started with a new credit card provider is easy, but small business owners often hesitate before finalizing an agreement. Navy Federal sweetens the deal by offering a $250 statement credit for cardholders who spend $5,000 in the first three months⁴. They also offer travel and emergency assistance, auto rental damage waivers, and extended warranty protection.

Pros and Cons of Navy Federal Go Biz Rewards

Pros

• No annual fee
• Exceptionally low APR range compared to competitors
• Zero fees for balance transfers, cash advances, and foreign transactions
• No penalty APR
• EMV chip technology and mobile wallet compatibility

Cons

• Limited availability (Navy Federal membership required)
• Rewards structure may not suit businesses with diverse expenses
• Lower credit limits for some businesses compared to major issuers
• Limited business management tools and integrations

Who Should Use This Navy Federal Card?

Navy Federal Credit Union membership is limited to active duty military members, veterans, Department of Defense civilian personnel, and their immediate family members. That's a significant restriction right off the bat. For those who do qualify, this card is best suited for:

• Small or new businesses with Navy Federal access
• Businesses with owners who have military affiliations
• Operations that frequently entertain clients at restaurants
• Businesses that prefer a straightforward rewards structure
• Companies that occasionally operate internationally and want to avoid foreign transaction fees

Wise Business: The Easy Way to Manage International Business Finances

While Navy Federal offers a decent option for military-affiliated business owners, those doing business internationally might find Wise Business offers more comprehensive solutions for global transactions.

Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in 40+ currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to 140+ countries.

The Wise Multi-Currency card is a debit card that saves your business money on foreign transaction charges. You can also get employee expense cards for your team, and easily manage spending limits. Wise also gives you digital Wise Multi-Currency Cards to separate your expense types. No waiting around for delivery. Virtual card details appear instantly online so you can start spending immediately or pay with Google Pay or Apple Pay.

Open a Wise Business account online

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Bottom Line

The Navy Federal Go Biz Rewards Credit Card is a solid, no-frills option for small business owners with military connections. The right business credit card should align with your specific spending patterns and financial needs. Don't just chase the shiniest rewards, consider the complete package, including fees, interest rates, and accessibility.

	Editor & Business Expert:
	Panna is an expert in US business finance, covering topics from invoicing to international expansion. She creates guides and reviews to help businesses save time and make informed decisions. You can read more useful business articles on her author profile.

	Author:
	Kevin D. Flynn is a retired financial professional, business coach, and financial writer. He lives in Leominster, Massachusetts with his wife Evelyn, two cats, and ten wonderful grandchildren. When he’s not working, you’ll find him at the golf course or on his back porch reading classic sci-fi novels.

Sources:
1 sba.gov
2 www.visa.com
3 navyfederal.org
4 chase.com
5americanexpress.com
6chase.com/business-credit-cards/ink/cash
7 capitalone.com
All sources checked September 2025