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Established Contributor
Posts: 716
Registered: ‎01-24-2008
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Re: NFCU American Express

For cli yes it's equifax for a new app it's always tu
Established Contributor
Posts: 716
Registered: ‎01-24-2008

Re: NFCU American Express

Called official release is sep 6
3x points for gas
3x Resturant's
3x grocery
1x for everything else




Calculation will it be worth better than the cash rewards card?
I really have no way to get In Amex since I filed bk 19 months ago
But with having card that has a Amex logo what does is give me more than the other cards ?
I do have a cash rewards from nfcu for a year now with $17,500
I am thinking should I go with Amex or the flagship?
New Member
Posts: 2
Registered: ‎04-11-2017
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Re: NFCU American Express

Do you know if there's an annual fee? Also, do you know if there's a cap? Like, 3x points on the first $1,500 spent per quarter or something?

 

Still disappointing, but it's okay I guess.

 

Thanks!

Established Contributor
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Registered: ‎03-07-2007
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Re: NFCU American Express

Can i convert my platinum mastercard to the amex ?
fico 08 08/01//2017 tu 629 eq 637
ex 611 overstock 0/2250 disc secured 0/ 300 credit one 0/450 navy c rewards 1000/3500 navy plat mc 0/2000 penfed oloc 0/500 x 2 mjc 0/5000 wally world 0/200 carecredit 0/800 eq 05 bankcard 669 if i knew who pulled it
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Posts: 8,815
Registered: ‎06-20-2015
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Re: NFCU American Express


mrldp40 wrote:
Can i convert my platinum mastercard to the amex ?

It looks like that won't be an option.  Smiley Sad

 

From http://ficoforums.myfico.com/t5/Credit-in-the-News/NFCU-American-Express/m-p/4999718#M15663


leonel9 wrote:

Update on this:

 

Rewards Structure is expected to be:

3points per dollar on gas and groceries, 2x restaurants, 1x everywhere else.

 

Max. credit limit is $50k for those who qualify. Generally, members are limited well below that in their first year.

 

Also, product changes and convenience checks are not available.



Of course it's still early, and things could always change.  Personally I would also consider a PC, but with the rewards scheme as we think it will be I'm not likely to apply.

Moderator
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Registered: ‎06-20-2015
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Re: NFCU American Express

[ Edited ]

kugel wrote:
For cli yes it's equifax for a new app it's always tu

This is really a conversation for another thread, but I did want to mention that I would consider this "usually", since there are more than a few documented exceptions.

Valued Contributor
Posts: 1,156
Registered: ‎01-24-2016
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Re: NFCU American Express

Interesting about the no PC being allowed is Navy still using TSYS? Is there any reason given? I personally am not enticed with the benefits considering USAA has them beat by far with the Limitless card at 2.5% for all and the Amex Plus they offer doing 5% on gas. 

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Posts: 418
Registered: ‎06-27-2017
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Re: NFCU American Express


kugel wrote:
Called official release is sep 6
3x points for gas
3x Resturant's
3x grocery
1x for everything else

3% on 3 popular categories would make this a very powerful card.  If they subsequently decide to upgrade their cashRewards Visa from 1.5% to 2% to keep up with Citi and PenFed, NFCU would have an awesome 2-card pairing for everyday expenses.

 

My two concerns are:

-- that they will set a high minimum redemption

-- that a point may be worth less than $.01 in cash redemptions

In my wallet: Chase Sapphire Reserve • PenFed Power Cash Rewards
Also have: Chase United MileagePlus Explorer • UNFCU Azure • NFCU cashRewards • NFCU Go Rewards • PenFed Promise
Frequent Contributor
Posts: 418
Registered: ‎06-27-2017
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Re: NFCU American Express

[ Edited ]

tydawg wrote:

Interesting about the no PC being allowed is Navy still using TSYS? Is there any reason given? I personally am not enticed with the benefits considering USAA has them beat by far with the Limitless card at 2.5% for all and the Amex Plus they offer doing 5% on gas. 


I checked the program guides for the three current NFCU rewards cards last month.  NFCU still uses TSYS for the Flagship Rewards and the Go Rewards cards.  I could find no mention of TSYS (or any other third party rewards vendor) in the program guide for the cashRewards card, so that card appears to be an in-house operation.

 

I assume that the NFCU partnership with Amex for the new card is actually a partnership with Amex's LoyaltyEdge subsidiary.  Interestingly, PenFed uses LoyaltyEdge for its Platinum Rewards Visa, its Premium Travel Rewards Amex, and its Power Cash Rewards Visa.  Barclay uses LoyaltyEdge for its JetBlue Visa cards (that used to be issued by Amex!).

 

My earlier concern about a point possibily being valued at less than $.01 for cash redemptions is based on the point devaluation that PenFed and LoyaltyEdge pulled on the PenFed Platinum Rewards Visa a few years ago.  The value of a point went from $.01 to $.008 with about 30 days warning.

In my wallet: Chase Sapphire Reserve • PenFed Power Cash Rewards
Also have: Chase United MileagePlus Explorer • UNFCU Azure • NFCU cashRewards • NFCU Go Rewards • PenFed Promise
New Contributor
Posts: 56
Registered: ‎07-02-2017
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Re: NFCU American Express


UncleB wrote:

mrldp40 wrote:
Can i convert my platinum mastercard to the amex ?


It looks like that won't be an option.  Smiley Sad

From http://ficoforums.myfico.com/t5/Credit-in-the-News/NFCU-American-Express/m-p/4999718#M15663


leonel9 wrote:

Update on this:

Rewards Structure is expected to be:

3points per dollar on gas and groceries, 2x restaurants, 1x everywhere else.

Max. credit limit is $50k for those who qualify. Generally, members are limited well below that in their first year.

Also, product changes and convenience checks are not available.



Of course it's still early, and things could always change.  Personally I would also consider a PC, but with the rewards scheme as we think it will be I'm not likely to apply.



It's not gonna change anytime soon.  Less than one month away, NFCU (I guarantee!) has already spent wads and wads of money on promotional materials with the details.  This was probably done a few months ago actually.  No inside knowledge of NFCU, only an inside knowledge of running businesses over the years.

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