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Re: NFCU Amex Master thread. All posts go here


nelg727 wrote:

I wonder if we can do a product change to the new AMEX card?


Someone reported in a different thread that product changes will not be allowed to this card.  Guess we will find out for sure today because undoubtedly someone will want to do exactly that.

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Re: NFCU Amex Master thread. All posts go here


MrDisco99 wrote:

CreditCuriousity wrote:

Understand some people are excited for this card, especially if you can't get in with Centurion bank.. To me the card is MEH at best.  Other peoples thoughts?

 

Full available for me to apply for on their site showing up just fine, just no reason for me to grab it at this time or possibly ever


I can understand wanting to get in with Centurion bank, but what's the draw of just being on the Amex network?  If anything that's a disadvantage vs. V/MC, no?


So I don't have to borrow my Mom's Amex when I want Amex presale tickets to a concert. LOL.

 

I want this card but I was really hoping for some kind of bonus or BT offer :-/

Ch 7 Discharge May 2015: EQ 588/TU 552/EX 570
Sept 2017: EQ 679/TU 660/EX 668 w/ 24% CC util reporting
Discover/Target/NFCU CLOC/NFCU Cash Rewards/PenFed Power Cash Rewards - $45k total revolving
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Re: NFCU Amex Master thread. All posts go here

Just tried, they said no.
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Re: NFCU Amex Master thread. All posts go here


Irish80 wrote:

MrDisco99 wrote:

CreditCuriousity wrote:

Understand some people are excited for this card, especially if you can't get in with Centurion bank.. To me the card is MEH at best.  Other peoples thoughts?

 

Full available for me to apply for on their site showing up just fine, just no reason for me to grab it at this time or possibly ever


I can understand wanting to get in with Centurion bank, but what's the draw of just being on the Amex network?  If anything that's a disadvantage vs. V/MC, no?


It makes the Amex offers that give discounts and extra MR points available to you.  The offers are open for any Amex card.



So you can get Amex offers and MR points on non-Centurion cards!?  I did not know that...

 

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Re: NFCU Amex Master thread. All posts go here

[ Edited ]

MrDisco99 wrote:

Irish80 wrote:

MrDisco99 wrote:

CreditCuriousity wrote:

Understand some people are excited for this card, especially if you can't get in with Centurion bank.. To me the card is MEH at best.  Other peoples thoughts?

 

Full available for me to apply for on their site showing up just fine, just no reason for me to grab it at this time or possibly ever


I can understand wanting to get in with Centurion bank, but what's the draw of just being on the Amex network?  If anything that's a disadvantage vs. V/MC, no?


It makes the Amex offers that give discounts and extra MR points available to you.  The offers are open for any Amex card.



So you can get Amex offers and MR points on non-Centurion cards!?  I did not know that...

 


No, I was incorrect in my post.  You can get the savings offer such as spend $50/get $15 credit at XYZ, but not the MR earning ones as only Centurion issued cards earn MR points.  Sorry for the mistake and I will edit my prior post.

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Re: NFCU Amex Master thread. All posts go here

[ Edited ]

My quick assessment of the new NFCU More Rewards:

-- I wish it were Visa instead of Amex.  It will be mostly useless overseas.

-- I wish it had a signup bonus.  It doesn't, even though NFCU has offered signup bonuses on other cards recently.

-- I am disappointed to see that the rewards program is being run by TSYS, the same vendor who runs the Flagship Rewards and Go Rewards programs.  I had hoped that part of the NFCU-Amex deal would be to use Amex's LoyaltyEdge subsidiary to design a new and innovative rewards program for NFCU.  That didn't happen.

-- The 3% for both groceries and gas is a wee bit better than the Amex BCE which gives 3% for groceries and 2% for gas.

-- The new card has a high minimum redemption, $50.  At my rate of spending, $3000 groceries and $300 gas per year, I would only be able to redeem once every 6 or 7 months.  High minimum redemptions are what soured me on both Go Rewards ($50) and Amex BCE ($25) last year.  I prefer the NFCU cashRewards redemption policy of any amount any time.

-- Rewards are based on "points" which can be devalued.  The points can't be combined across other NFCU cards.

-- The overall rewards redemption scheme (travel, merchandise, gift cards, pay with points, cash back) is every bit as complicated as Go Rewards, despite the bold press release in May 2017 that this card would have a simple, easy to understand rewards program.  In fact, More Rewards looks like almost a carbon copy of Go Rewards with groceries substituted for dining as the lead bonus category.

 

My verdict:  I'm going to pass on the More Rewards card.  I'll continue to use PenFed Power Cash Rewards for groceries and gas. Although I'll earn 2%  on Power Cash vice 3% on More Rewards, the dollar difference will only be $33 a year, too low an amount to endure the hassle of managing More Rewards.

In my wallet: Chase Sapphire Reserve • PenFed Power Cash Rewards
Sock drawer: Chase United Explorer • UNFCU Azure • NFCU cashRewards • NFCU Go Rewards • PenFed Promise
Closed: Chase United Club • Citi AAdvantage • Citi Simplicity • Amex Green • Amex BCE • NFCU nRewards • PenFed MC • Store Cards
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Re: NFCU Amex Master thread. All posts go here

[ Edited ]

CreditCuriousity wrote:

UpperNwGuy wrote:

mrldp40 wrote:

Anyone been approved yet?


I may be mistaken, but if I remember correctly, NFCU never gives same day approvals.


Mistaken..  Many instant approvals with NFCU 


INSTANT DENIALS TOOSmiley Very HappySmiley Wink............I will try for this one down the road..just approved for CLI and new Plat card 8-18....TILLING THE GARDEN

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Re: New NFCU Amex


Bella007 wrote:

jacetx wrote:

It's live guys! Too bad there is no sign up bonus Smiley Sad Below are the redemption options.

 

Capture.PNG


I read that there is a 25000 point bonus after $3000 spend in first three months. For new cards before 12/31/17 I believe it was. Smiley Happy


I saw the same sign up bonus in the mobile app but can't find it now.

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Re: NFCU Amex Master thread. All posts go here

@IvyRain It's there in the fine print. ☺
Current Scores------ EQ 679; TU 653; EX 681 FICO 08---------------- Gardening until "Winter is Over"
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Re: NFCU Amex Master thread. All posts go here


UpperNwGuy wrote:

My quick assessment of the new NFCU More Rewards:

-- I wish it were Visa instead of Amex.  It will be mostly useless overseas.

-- I wish it had a signup bonus.  It doesn't, even though NFCU has offered signup bonuses on other cards recently.

-- I am disappointed to see that the rewards program is being run by TSYS, the same vendor who runs the Flagship Rewards and Go Rewards programs.  I had hoped that part of the NFCU-Amex deal would be to use Amex's LoyaltyEdge subsidiary to design a new and innovative rewards program for NFCU.  That didn't happen.

-- The 3% for both groceries and gas is a wee bit better than the Amex BCE which gives 3% for groceries and 2% for gas.

-- The new card has a high minimum redemption, $50.  At my rate of spending, $3000 groceries and $300 gas per year, i would only be able to redeem once every 6 or 7 months.  High minimum redemptions are what soured me on both Go Rewards ($50) and Amex BCE ($25) last year.  I prefer the NFCU cashRewards redemption policy of any amount any time.

-- Rewards are based on "points" which can be devalued.  The points can't be combined across other NFCU cards.

-- The overall rewards redemption scheme (travel, merchandise, gift cards, pay with points, cash back) is every bit as complicated as Go Rewards, despite the bold press release in May 2017 that this card would have a simple, easy to understand rewards program.  In fact, More Rewards looks like almost a carbon copy of Go Rewards with groceries substituted for dining as the lead bonus category.

 

My verdict:  I'm going to pass on the More Rewards card.  I'll continue to use PenFed Power Cash Rewards for groceries and gas. Although I'll earn 2%  on Power Cash vice 3% on More Rewards, the dollar difference will only be $33 a year, too low an amount to endure the hassle of managing More Rewards.


 

+1!!

 

I already get 3% groceries with BCE hitting the $25 threshold only spending $834 with NFCU would have to spend $1,667. 

 

Plus I get 5% on gas with USAA Amex.

 

Plus I get 2.5% on everything else with my other USAA card.

 

This card will be attractive to some, but it is a dud for me.

 

I really wished it had been (1) a Cash Back card because understanding points and their cash equivalent value is difficult for me, and (2) competitive with the USAA Limitless.

 

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