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Is it worth the HP to get a Navy Federal cashRewards credit card?

Valued Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Don't app for anything six months prior to a mortgage is the general rule.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 11 of 26
Established Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Yes!
TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Message 12 of 26
Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Got it, well I will be applying for this after I close on my house then. Good to know for the future, I wouldn't mind a 15k LOC just sitting around! 

Message 13 of 26
Valued Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

bman86 and kili0y, does NFCU report the credit limit of a cashRewards Visa Signature CC?
Message 14 of 26
Established Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Like any other card (the actual limit).  It just adds the Signature benefits to the card.

Message 15 of 26
Epic Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?


Brusilov wrote:

Like any other card (the actual limit).  It just adds the Signature benefits to the card.


All but the part that you actually charge over your credit line like most signature cards... you can not with Navy.

Message 16 of 26
New Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

It doesn't really seem that great to me. You get one point for one dollar spent but to redeem 1 to 1 you have to redeem 7500 at a time.
If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800
Message 17 of 26
Valued Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Yes, the rewards sucks. But I don't remember seeing it any where on their website states, "To redeem 1 to 1 you have to redeem 7500 at a time". Where did you get the info?

Message 18 of 26
Highlighted
Established Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

But for some one like me, I push 5,000 through each month with ease so getting to 7500 is easy.

I just had them take 5,000 from my nRewards over to a nCashRewards signature. Very worth it in my book.

12/4/12 TU 589 MyFico ~EQ 579 MyFico ~EX 577(Fako)

Myfico 8 scores
7/31/16 TU 710 ~ EQ 699~ Ex 705
My Wallet: Cap1 3,500K ~FH 2950 Credit One 1800~Credit one #2 1500.00~Orchard Bank 400 ~NFCU nRewards 18K~NFCU Cash Rewards signature| 11K ~Care Credit 4,500
Last Negs to fall off: 2-Cap1 CO's PD (fall off 3/17)
Message 19 of 26
Epic Contributor

Re: Is it worth the HP to get a Navy Federal cashRewards credit card?

Why wouldn't you be using Flagship for 2%?
Message 20 of 26