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Re: NFCU American Express


AirTroop wrote:

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.

@AirTroop, that was just my standard disclaimer... I understand business as well and I agree the 'rules' are likely set by now, but I learned a while back until I see the official details with my own two eyes never to state anything as absolute, no matter how certain I think the facts might be.  Smiley Wink

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Re: NFCU American Express


UncleB wrote:

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.


Thanks for the update!  Smiley Happy

 

It's looking like it will be similar to the BCE (assuming the points are worth 1¢), which will likely interest many people.


BCE limits you to 6k in grocery bonus a year.  If this doesn't have a limit it would be a card to get for groceries alone. 

January 15 2017 Experian 527 Transunion 528 Equifax 529
August 1 2017 Experian 702, Transunion 711, Equifax 715

BOA Cash Rewards, AMEX BCE, AMEX PRG, AMEX Ameriprise Platinum, AMEX SPG, CITI AADvantage Platinum, Chase Southwest Premier, Chase Southwest Plus, Barclay Arrival +, Barclay AAdvantage Red Aviator, USAA Prefered Cash Rewards , Cap One Quicksilver, Lendup L card, JCrew, Pottery Barn, Express, NFCU Go Rewards.. 130k total credit lines.
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Re: NFCU American Express

I really want this as my second NFCU card. My 91 days will be up Monday. I was going to CLI and app for a second card, but reading this I should abstain from second card i guess. 

Secondly if I am successful on my CLI would there be a time period keeping me from apping a second card? In other words i could CLi and then wait until the Amex comes out and app then? 

Starting Scores 03/17/2017 EQ 491 TU 495 EX465 Currently 10/14/2017 EQ 569 TU 562 EX 546

$300 Open Sky/ $2K NFCU CashRewards/$5.1K NFCU Flagship Rewards
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Re: NFCU American Express

No.go ahead and get the increase then apply for AMEX next month you will be fine
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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Re: NFCU American Express

I got both CLI and new card on the same day
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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Registered: ‎07-12-2012

Re: NFCU American Express

One caution.. If the approved CLI puts you at your internal maximum limit, the 2nd card app will be declined.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
735 EQ FICO 09/2017
744 TU FICO 09/2017
737 EX FICO 09/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
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Re: NFCU American Express

No worry of that happening. Even NFCU isn't THAT generous. But I do appreciate the warning. 

Starting Scores 03/17/2017 EQ 491 TU 495 EX465 Currently 10/14/2017 EQ 569 TU 562 EX 546

$300 Open Sky/ $2K NFCU CashRewards/$5.1K NFCU Flagship Rewards
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Re: NFCU American Express


Scupra wrote:

One caution.. If the approved CLI puts you at your internal maximum limit, the 2nd card app will be declined.


+1

 

This is definitely a consideration for me.  I got a CLI last September on my Platinum MasterCard but it had to go to review. 

 

The down-side to NFCU's generosity is their internal exposure limit is a real concern for those of us (like myself) with modest resources, since the big credit lines get you there faster.

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Re: NFCU American Express

Its less than a nonth to the reported release date i figured navy advertising for amex would be in full gear by now
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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Re: NFCU American Express

[ Edited ]

Usually the advertising campaigns don't begin until the card is available for applications.  PenFed didn't start advertising its Power Cash Rewards Visa until it became available last February.  Now it's the most advertised card in America.  Similarly, it is widely known that Bank of America will be releasing it's new "premium" travel rewards card in September, but there has been no advertising yet, only leaked information.  I was even surprised that NFCU and Amex issued a press release about the card in May.

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

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