Navy Federal CU New Member Bonus: Additional $300 w/ New Credit Card

Navy Federal Credit Union has a new “Join and Get $300” promotion for new members. Join as a new Navy Federal member by 12/31/2024 and you can get an additional $300 statement credit when you open a new Navy Federal credit card within 14 days of joining. As with most credit unions, you’ll need to open a Share Savings account and keep $5 in there. Additional selected fine print:

1 Offer valid November 1 – December 31, 2024 and can expire anytime without prior notice. To receive the one-time $300 statement credit to your credit card account, you must 1) be 18 or older and eligible for membership, 2) join Navy Federal between 11/1/2024 and 12/31/2024, and 3) open a new unsecured Navy Federal credit card account within 14 days of joining. Offer excludes Navy Federal Business, Home Equity Line Platinum, and nRewards® Secured credit cards. […] Limit one (1) statement credit per member. […] Statement credit will be credited to your account within 8 weeks of credit card account opening.

Navy Federal membership is open to members of the Coast Guard, all Department of Defense (DoD) uniformed personnel, reservists, Active Duty, retired, Veterans, Army and Air National Guard, DoD civilian employees, contractors, and their immediate family. In 2019, they expanded membership to include veterans and their immediate family members including grandparents through grandchildren. If you call them, they will help you look up information on veterans in your family.

This could stack up to be a pretty significant bonus, as the first-year value for these two card bonuses are already $400+ on their own.

• Navy Federal cashRewards Plus Card
• Navy Federal Flagship Rewards Credit Card