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I am going to say it is for any new member/new cardholder. I could not get the image to upload right but here is what our (my DH and my) letter said:
Dear XXX
Thank you for being a Navy Federal cashRewards member!
Now your cashRewards card just got more rewarding. Starting July 1, when you use cashRewards for everyday purchases, the cash adds up quickly. Whether you're using it to book that summer vacation or to buy movie tickets for the family, you'll get 1.5% cash back with every purchase, everytime. It's as simple as that -- start earning your rewards on July 1!
This is just one of the many reasons why the best carry the best.*
Sincerely,
Randy Hopper
Vice President
Credit Cards
Disclosure at the bottom with website, phone number and visit any branch
Side ad for the cash rewards.
It also came with a brochure of sorts that give more detail about the cashRewards card and tells you to contact us to get your own cashRewards card.
SO again, it looks like it came to members that already had the card, but with the brochure and such it seems like it will be for any new cardholders/members as well. But don't quote me on that, because as others have said, I don't see any ad for it yet or anything on the site. Although it isn't July 1 yet
I got mine in the mail from looking at the brochure it seems like they are trying to compete with the Quicksilver line and that it will be for everybody.
And to think I just got CapOne EO to send my file for manual review for a CLI and now I probably won't use it...
Yea early next year DH and I are going to close our QS One cards and just use the cashRewards.
@Eyisila wrote:I am going to say it is for any new member/new cardholder. I could not get the image to upload right but here is what our (my DH and my) letter said:
I'm not sure about this. I've had my card over 2 years and mostly it's been SD'd and I still got the letter. I think it's probably an upgrade to the card, that over time every one will get 1.5%. Just my impression.
I meant to say new member/cardholder along with existing card holders
Nice to hear looks like everyone. This will beat the discover 1%
Got my letter on Friday. Starting July 1st all gas will be on Discover, everything else on NFCU.
I cant get NFCU. But I am hoping that other CC will follow suit.
The wife and I got our letters today too
@bigblue7722 wrote:I cant get NFCU. But I am hoping that other CC will follow suit.
But you already have the QS which has 1.5%?