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Browse credit cards from a variety of issuers to see if there's a better card for you.
cashRewards
* Up to 1.5% cash back on every purchase*
* No annual fee
* No caps on the amount of rewards
* Rewards never expire
* Variable Annual Percentage Rate
nRewards®
* Gift cards and merchandise
* No annual fee
* Redeemable rewards value up to 1% of purchases
* Rates as low as 8.9%
* Rewards redeemable online in Account Access
nRewards® Secured
* Helps build/rebuild your credit
* Credit line of $500 to $50,000
* Amount you designate in your savings determines credit line, which is then held by Navy Federal
* No annual fee
* Gift cards and merchandise
* Redeemable rewards value up to 1% of purchases
* Rates as low as 15.9%
* Rewards redeemable online in Account Access
goRewards®
* Any airline. Anytime.
* Cash, gift cards and merchandise
* $18 annual fee
* Start redeeming with just 3,500 points
* Rewards up to 1.7%
* Rates as low as 9.4%
* Rewards redeemable online in Account Access
Flagship Rewards
* Any airline, anytime
* $49 annual fee
* Cash, gift cards and an elite grouping of gifts
* Redeemable rewards value up to 2% of purchases
* Rates as low as 9.9%
* Travel points redeemable online in Account Access
Platinum
* 24-hour complimentary concierge service for the finest experiences in dining, entertainment and shopping
* No annual fee
* Rates as low as 7.9%
Big congrats, HTSU. Welcome to da Family!
I bank with Navy as well as utilize their credit products. They are quite good, though I still believe PenFed has a leg up on them with their Cash Rewards Visa and all the uber pre-approvals they offer me. Just grab what suits your wants/needs from the credit offerings when you're ready. I'll only say they're quite generous on credit limits, and it's not difficult to hit $50k on their card limits within a year or so with good credit.
@haulingthescoreup wrote:
Thanks, TangMeister! Interesting thing about those $50K cards --it's an excellent way to hide some balances from the FICO util calculator.
Got a BT question: it looks like all the cards have $0 BT fee. When Navy periodically offers its "good" BT rates, do they apply to all cards? If just one, is there a particular card that generally gets the good rate, like the Platinum?
Can't help you there Hauling. Nothing to BT.
@haulingthescoreup wrote:
Thanks, TangMeister! Interesting thing about those $50K cards --it's an excellent way to hide some balances from the FICO util calculator.
Got a BT question: it looks like all the cards have $0 BT fee. When Navy periodically offers its "good" BT rates, do they apply to all cards? If just one, is there a particular card that generally gets the good rate, like the Platinum?
Exactly...those high limit cards have their perks.
Periodic balance transfer offerings are not card specific from what I've experienced and seen...they are usually either open to all card holders, or targeted to a sub-section of their card holders, according to meeting certain credit criteria.
It's also VERY easy to do a cc product change with NFCU, so don't worry about choosing the wrong credit card when you apply and being stuck with it. If you start with, then don't really like the nRewards Visa, you can easily switch to their Cash Rewards, goRewards or Flagship Rewards Visa (with its fee but different rewards structure) or over to their standard non-rewards card, or vice versa...easily (also MasterCard versions of some of these). History stays intact and generally there's no new credit hard pull or subsequent new account generated in the process Extremely flexible to work with.
Edit: I hope this posting makes sense. My brain's a bit fuzzy from the heat down here in So Cal.
Hi Hauling,
Navy as you have seen is most responsive whether by mail or phone.
First, I would like to mention with the savings account you need only to deposit $5 to open it and you have several months to do so. However, after one year NFCU will start deducting $3 per year as a maintenance fee if the savings deposit is under $50. Therefore, if you just deposit a minimum of $50 dollars you will never have a need to touch the account again and it will also accrue interest.
Second, I was approved for a 25k Platinum CC and a 15k NavChek LOC without a single dollar yet deposited into my savings account. If you apply for the NavChek LOC, NFCU will ask you an amount you wish to apply for between $500 and $15000. Be brave if you do apply, because NFCU will counter if the CL you request is higher than they are comfortable with.
Third, I like the NAVChek LOC for many reasons, the primary reason I like this TL is that it reports to all three CBs as a revolving TL. This is important to me because now I have a revolving TL I never need to use nor worry about a possible AA as a result of this inaction. The functionality of this LOC in that respect is a relief, if one as many revolving CLs, as it never needs to be exercised.
Fourth, I chose the NFCU Platinum Visa with the 7.9% APR. The reason I choose this card was because it is my go to card if I ever need or want to carry a balance. I have spoken directly with several CSRs recently whom have all told me NFCU will not take any AA due to the size of a CC balance. Their primary concern is the CC bill is paid on time. If, however, one's EQ score changes significantly they have in the past raised raised an APR. I had these discussions when I called NFCU about other matters, so I started discussing the current state of affairs with the big banks and the non-stop AA action lately by these banks towards many cardholders.
Fifth, The cash rewards card is very new and was not offered when I first joined. I will be applying for this card sometime next year. I plan to do this because I am convinced, provided I am good, NFCU will not take any AA against any of their CCs I hold unless it is an APR increase directly related to their cost associated with any prime rate increase.
Sixth, the no fee balance transfer function is applied to all cards when offered as well as any special BT offers through any particular year. This is another reason to want your highest CL CC with the Platinum card.
@Anonymous wrote:
Remember- you have to separately apply for online account access.
My experience is that NFCU will only send the initial login password via mail. Once it is used the first time you can then change this password to one you would prefer.
There are three required elements to the online access as follows;
1. Your NFCU access number
2. Your user ID ( This is always the last four digits to your S.S.N. )
3. Your password
When I initially applied, I specifically requested this access and the temporary password was in my mail box within a few days. Hauling, if you have not asked for this access, as USMC has pointed out, it is clear you need to call again to get your temporary online password sent to you. I do not know if it would be sent otherwise. However, USMC58555 does state you need to do so and makes a good point to ensure that it is, by notifying NFCU you wish to have this access, if you have not already done so.