topic Re: NFCU Flagship Rewards - Approval - $25K in Credit Card Approvals

NFCU Flagship Rewards - Approval - $25K

Aim_High — Mon, 10 Jul 2023 15:31:57 GMT

This (may) be my last application for awhile after being on a roll for the past few months. I've been thinking about the NFCU Flagship Rewards and since the SUB went back up to 40K points in the spring, I decided to apply.

Approved!

SL $25K and lowest advertised APR of 14.99%!

SUB of 40K points (worth $400) after spending $4K in first 90 days; and a free year of Amazon Prime.

Thread Update 07/10/23:

NFCU approved my request to close and consolidate my $50K Platinum Visa account with my new Flagship Rewards account for a new CL of $75K. Details in >Thread Message 21<.

NFCU_FSR_Approval_20230707_01.jpg

NFCU_FSR_Approval_20230707_02.jpg

That puts my total NFCU exposure at $75K (Platinum $50K + FSR $25K.)

NFCU is now my 5th largest overall lender behind Chase, BofA, AMEX, and CITI.

Single hard pull on TU. My FICO TU (08) is 847 and FICO TU (09) is 850.

One reason I applied now was that I hoping to be approved before my new Barclay's Aviator Red card shows up on my credit report. For new (personal) accounts, at time of application I was 3/6; 4/12; 5/24.

*My last five personal accounts: June 2023: Barclay's Aviator Red; March 2023: AMEX Hilton Surpass; March 2023: Chase IHG Rewards Premier; Oct 2022: CITI AAdvantage Executive; Nov 2021: AMEX Marriott Bonvoy Brilliant.

*This excludes (3) business card accounts I've opened in the past 12 months that do not report on my personal credit report: May 2023: AMEX Marriott Bonvoy Business; Feb 2023: Chase INK Unlimited; Sep 2022: AMEX Blue Business Plus: Sep 2022.

*TCL now $810K.

That bring my 65-day total since 05/03/23 to $103K in new credit.

Re: NFCU Flagship Rewards - Approval - $25K

ForwardLooking — Fri, 07 Jul 2023 22:59:51 GMT

Congrats!

I opened my Flagship in January and the SUB was only 30K at the time, which I achieved in no time and got my $300 SUB. I have since cashed in points for another $400, so year to date, I have recieved $700 in cash back from it by cashing in my points. It really is a great daily driver card, especially if you travel. Well worth the $49 annual fee.

Re: NFCU Flagship Rewards - Approval - $25K

BigBS — Fri, 07 Jul 2023 23:26:43 GMT

That's an awesome run that you are on, @Aim_High. Congrats!

Re: NFCU Flagship Rewards - Approval - $25K

CreditCuriosity — Sat, 08 Jul 2023 01:02:20 GMT

So is plan to move platinum to flagship and go for 80k on single card or keep platinum as well? BTW congrats on the approval for some reason thought you already were maxed with NFCU

Re: NFCU Flagship Rewards - Approval - $25K

Aim_High — Sat, 08 Jul 2023 01:59:30 GMT

@ForwardLooking wrote:
Congrats!

I opened my Flagship in January and the SUB was only 30K at the time, which I achieved in no time and got my $300 SUB. I have since cashed in points for another $400, so year to date, I have recieved $700 in cash back from it by cashing in my points. It really is a great daily driver card, especially if you travel. Well worth the $49 annual fee.

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@BigBS wrote:
That's an awesome run that you are on, @Aim_High. Congrats!

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@CreditCuriosity wrote:
So is plan to move platinum to flagship and go for 80k on single card or keep platinum as well? BTW congrats on the approval for some reason thought you already were maxed with NFCU

Thanks @ForwardLooking! Yes, it's a good rewards card and the 40K SUB sweetens the deal for sure!

Thanks, @BigBS! Yes, this has been an awesome little streak I've been on lately. Feeling very grateful.

Thanks @CreditCuriosity! Yes, you read my mind. I did max-out with NFCU on the $50K on the Platinum but that was the highest available on that card, of course. For a long time, I've considered consolidating limits with Navy on the FSR, back when such a thing was routine and easy to do. (I joined NFCU in Nov 2019.) The Platinum is a great low-rate card, but I've mainly used it just to build relationship with Navy, not out of need for carrying or transferring a balance, and I doubt that I will use it much in the future. It's a shame to have a card that isn't swiped and needs "maintenance charges." With my current lineup, FSR adds a small AF and doesn't really add to the rewards I get with other cards, but I wanted a large limit with NFCU. So it's a more useful card to me overall since it does at least pay 2% to 3% rewards.

While Navy doesn't "officially" allow CL consolidation any longer, I have a short-term plan for some very large BTs that I'm using as the excuse for moving limits. (I'm willing and ready to follow through on the BTs if needed, so it's not an empty excuse and I could prove it if needed.) I secure-messaged customer service after the FSR approval and am waiting on reply. If denied, I may eventually just CLD/close the Platinum to slowly move that limit over to FSR, although that could take a long time. But it would be another way to do it. I'll post about the outcome, but I believe some of our other members were successful with a similar approach.

I still think Platinum is a great card to have in reserve for consumers who may need to carry a balance sometimes, who may want to do balance transfers, or who don't have cash reserves to address their short-term emergency needs. My finances had changed to where I didn't see a need for it and I expect to have other options if I need to carry a balance, since several of my other lenders regularly have promotional offers.

Re: NFCU Flagship Rewards - Approval - $25K

CreditCuriosity — Sat, 08 Jul 2023 02:05:57 GMT

GL and let me know how that request goes on limit consolodiation they should let it happen as exceptions are still made as you are aware of with them as had a few myself with them but a few years back. Platinum use to be a lot nicer when it was at 5.xx APR vs the 10.x it is at now due to interest rate hikes and likely a few more, so not losing anything really imho by getting a bigger limit for a small AF that can be offset by Prime, etc.

Re: NFCU Flagship Rewards - Approval - $25K

CreditMagic7 — Sat, 08 Jul 2023 02:42:10 GMT

@Aim_High wrote:
This (may) be my last application for awhile after being on a roll for the past few months. I've been thinking about the NFCU Flagship Rewards and since the SUB went back up to 40K points in the spring, I decided to apply.

Approved!
SL of $25K and lowest advertised APR of 14.99%!

SUB of 40K points (worth $400) after spending $4K in first 90 days; and a free year of Amazon Prime.

NFCU_FSR_Approval_20230707_01.jpg

NFCU_FSR_Approval_20230707_02.jpg

That puts my total NFCU exposure at $75K (Platinum $50K + FSR $25K.)

NFCU is now my 5th largest overall lender behind Chase, BofA, AMEX, and CITI.

Single hard pull on TU. My FICO TU (08) is 847 and FICO TU (09) is 850.

One reason I applied now was that I hoping to be approved before my new Barclay's Aviator Red card shows up on my credit report. For new (personal) accounts, at time of application I was 3/6; 4/12; 5/24.

*My last five personal accounts: June 2023: Barclay's Aviator Red; March 2023: AMEX Hilton Surpass; March 2023: Chase IHG Rewards Premier; Oct 2022: CITI AAdvantage Executive; Nov 2021: AMEX Marriott Bonvoy Brilliant.

*This excludes (3) business card accounts I've opened in the past 12 months that do not report on my personal credit report: May 2023: AMEX Marriott Bonvoy Business; Feb 2023: Chase INK Unlimited; Sep 2022: AMEX Blue Business Plus: Sep 2022.

*TCL now $810K.
That bring my 65-day total since 05/03/23 to $103K in new credit.

16730i73062B224A17950C.gif

Re: NFCU Flagship Rewards - Approval - $25K

gingerflower — Sat, 08 Jul 2023 07:15:49 GMT

Congratulations on your Nfcu Flagship Cc! 👍

Re: NFCU Flagship Rewards - Approval - $25K

FireMedic1 — Sat, 08 Jul 2023 09:14:16 GMT

Since this will be your last app/CLI until next week. (cough cough)You earned it............

lights(1).gif

Congrats @Aim_High

Re: NFCU Flagship Rewards - Approval - $25K

NoMoreDebt — Sat, 08 Jul 2023 11:32:17 GMT

congrats on the approval

Re: NFCU Flagship Rewards - Approval - $25K

JoeRockhead — Sat, 08 Jul 2023 12:37:15 GMT

Once again, an outstanding SL and approval, one of very few goal cards for me (maybe next year sometime), congratulations!!

Re: NFCU Flagship Rewards - Approval - $25K

Eric958 — Sat, 08 Jul 2023 20:46:21 GMT

Dang that's nice! Congrats E!

Re: NFCU Flagship Rewards - Approval - $25K

Janneman — Sun, 09 Jul 2023 00:27:44 GMT

@Aim_High

Congrat....You are on a roll. I like the way you choose which cards to get. Very wise. Just wondering, do you think its AF is worth even though its very small? I mean, most of its benefits, I am sure, you must have with other line-up of cards that you hold? Is there any benefit/feature that stands out for you compared to other cards that you have, other than its SUB and hope for consolidating NFCU total exposure into one account???

I, myself, have Platinum with the same limit of $50k for a long time, and I am also very much interested in transferring to FC if I do choose to get it....NFCU is very much sensitive to number of total cards obtained in 24 months....Looking forward to how your request of consolidating goes...I hope they allow you....

Re: NFCU Flagship Rewards - Approval - $25K

Aim_High — Sun, 09 Jul 2023 02:34:00 GMT

@CreditMagic7 wrote:
16730i73062B224A17950C.gif

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@gingerflower wrote:

Congratulations on your Nfcu Flagship Cc! 👍

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@FireMedic1 wrote:
Since this will be your last app/CLI until next week. (cough cough)You earned it............
lights(1).gif
Congrats @Aim_High
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@NoMoreDebt wrote:
congrats on the approval

Thanks very much @CreditMagic7, @gingerflower, @FireMedic1, @NoMoreDebt!

Yes, last card until ... (at least) ... next week, @FireMedic1 ... lol

Re: NFCU Flagship Rewards - Approval - $25K

Aim_High — Sun, 09 Jul 2023 02:50:30 GMT

@JoeRockhead wrote:
Once again, an outstanding SL and approval, one of very few goal cards for me (maybe next year sometime), congratulations!!
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@Eric958 wrote:
Dang that's nice! Congrats E!
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@Janneman wrote:
@Aim_High

Congrat....You are on a roll. I like the way you choose which cards to get. Very wise. Just wondering, do you think its AF is worth even though its very small? I mean, most of its benefits, I am sure, you must have with other line-up of cards that you hold? Is there any benefit/feature that stands out for you compared to other cards that you have, other than its SUB and hope for consolidating NFCU total exposure into one account???

I, myself, have Platinum with the same limit of $50k for a long time, and I am also very much interested in transferring to FC if I do choose to get it....NFCU is very much sensitive to number of total cards obtained in 24 months....Looking forward to how your request of consolidating goes...I hope they allow you....

Thanks very much @JoeRockhead, @Eric958, and @Janneman!

Yes, @Janneman, I normally like to choose my cards carefully and thoughtfully. I've been known to app in-the-moment, but try to resist that urge.

Honestly, I have mixed feelings about the Flagship Rewards. For Navy's best card, I think they could do better. It's overdue for a refresh to stay more competitive with some other cards. Yes, I can earn 2% or 3% without an AF elsewhere. Navy is by-far the largest US credit union, though, and they have great service so I like having a relationship with them including cards. The AF is nominal on the FSR and even though some would argue not to include a SUB, I factor in that the $400 SUB essentially pays the AF for 8 years, not to mention the Amazon Prime benefit, which some of our members have gotten more than once. I'm hoping within a few years, they will remake this card and either raise the benefits or delete the AF or both. The great value to me is that I am striving for high credit limits with some of the largest and most desirable lenders, and this card is Navy's only card that grows to $80K. I see high limits as a benefit for more flexibility in using my cards without any worry about individual utilization, plus the aggregate utilization padding. And high limits means I could close other cards if I wanted to without worrying about lost Total Credit Limits. Sometimes Navy gives BT opportunities (and never any BT fees), so a high limit helps make the card more useful in that regard. And as I discussed in that other reply up-thread, I saw great value in the Platinum card's low APR but in reality didn't expect to need it. The only usage I've put on it in 4 years is just for the sake of maintaining some activity to build relationship with Navy. So FSR is a much more practical card for me.

Thanks for the kind words about the CL reallocation and I will post about the results.

Re: NFCU Flagship Rewards - Approval - $25K

Anonymous — Sun, 09 Jul 2023 04:38:50 GMT

Congrats!

Re: NFCU Flagship Rewards - Approval - $25K

TheRedHat — Sun, 09 Jul 2023 14:52:19 GMT

Aim_High? Aim_for_the_Moon? Aim_for_the_Stars??

Congrats on your approval!!

Re: NFCU Flagship Rewards - Approval - $25K

alextercero — Sun, 09 Jul 2023 17:27:09 GMT

Congrats on the approval

Re: NFCU Flagship Rewards - Approval - $25K

CreditAggie — Mon, 10 Jul 2023 14:47:10 GMT

Congratulations on your NFCU Flagship Rewards approval!

Re: NFCU Flagship Rewards - Approval - $25K

Aim_High — Mon, 10 Jul 2023 15:05:27 GMT

@Anonymous wrote:
Congrats!
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@TheRedHat wrote:
Aim_High? Aim_for_the_Moon? Aim_for_the_Stars??
Congrats on your approval!!
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@alextercero wrote:
Congrats on the approval
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@CreditAggie wrote:
Congratulations on your NFCU Flagship Rewards approval!

Thanks very much @Anonymous, @TheRedHat, @alextercero, and @CreditAggie!

Errr ... all of the above, @TheRedHat? Lol