Points earned with the Flagship Rewards card are worth 1 cent each making the card’s 40,000-point bonus offer worth $400. Redemption options include a direct deposit to a Navy Federal savings account and a statement credit on the Flagship Rewards account.

A bonus offer valued at $539 is already an excellent deal, but it’s even more attractive considering that the Flagship Rewards card has a modest $49 annual fee. Other cards with comparable sign-up bonuses charge several hundred dollars a year. The Flagship Rewards card also comes with a $100 statement credit every four years for Global Entry or TSA PreCheck, another great perk for a $49-annual-fee card.

The following offers on other Navy Federal credit cards also expire on June 30, 2024:

Only current and retired service members from all branches of the armed forces and their families may apply for Navy Federal credit cards.

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