topic Re: NFCU Cash Rewards 1.75% With Direct Deposit in Credit Cards

NFCU Cash Rewards 1.75% With Direct Deposit

BearsCubsOtters — Tue, 21 Sep 2021 13:02:51 GMT

I just received an email from NFCU that states that my Cash Rewards card will begin earning 1.75% cash back beginning 10/05/2021. It states specifically that since I have direct deposit, this will be automatic.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Rebuild2019 — Tue, 21 Sep 2021 13:32:13 GMT

I just received the same email this morning. Works for me. I’ll use this card a little more.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Eagered2succeed — Tue, 21 Sep 2021 13:44:17 GMT

Funny I just received the email as well although I don't have dd setup with them 🤣

Re: NFCU Cash Rewards 1.75% With Direct Deposit

TheFIGuy — Tue, 21 Sep 2021 14:32:34 GMT

Thanks OP for the news! I haven’t gotten the email yet, but if it was 2% with DD I would actually consider it!

My FIDO Rewards Visa still beats this at 2% DD into my brokerage account. But the no FTF does come in handy so the card sits in my wallet for those international trips.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

coldfusion — Tue, 21 Sep 2021 16:28:25 GMT

For those of you that got the email notice do you DD all of your paycheck into your NFCU account, or if not roughly what percentage of your net do you deposit there?

Navy Federal CU CashRewards 1.5 to 1.75

ZackAttack — Tue, 21 Sep 2021 21:17:05 GMT

Heyo,

I just got an email from Navy Federal Credit Union stating that because I have direct deposit with, my cashRewards will change from 1.5% cashback to 1.75% cashback. This becomes official on Oct 5.

Re: Navy Federal CU CashRewards 1.5 to 1.75

JL276 — Tue, 21 Sep 2021 18:14:18 GMT

Sweet! Hopefully they upgrade the Go and Flagship as well. Thanks for the info!

Re: Navy Federal CU CashRewards 1.5 to 1.75

Leapling — Tue, 21 Sep 2021 18:39:37 GMT

That would be nice.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Adkins — Tue, 21 Sep 2021 18:47:00 GMT

I haven't gotten the email. I don't have any direct deposit set up with them. 🤷

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Rebuild2019 — Tue, 21 Sep 2021 18:50:08 GMT

@coldfusion I DD one of my retirement checks to NFCU. So far no issues.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

mystikal1 — Tue, 21 Sep 2021 19:16:50 GMT

@coldfusion wrote:
For those of you that got the email notice do you DD all of your paycheck into your NFCU account, or if not roughly what percentage of your net do you deposit there?

@coldfusion I only have $500 per paycheck (bi weekly) deposited.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

CreditInspired — Wed, 22 Sep 2021 19:43:25 GMT

@BearsCubsOtters wrote:
I just received an email from NFCU that states that my Cash Rewards card will begin earning 1.75% cash back beginning 10/05/2021. It states specifically that since I have direct deposit, this will be automatic.

I have DD. I'm calling them right now. Thanks so much for sharing!!!!

UPDATE: I am doing the Happy Dance. I sent a SM stating I found out on MyFICO that emails were being sent out about this and asked if my cashRewards could be upgraded. Here's the response from NFCU:

Thank you for using Navy Federal's eMessaging Service, Ms. CreditInspired. Upon review, we have determined you are eligible for the upgrade to 1.75% cash back starting October 5, 2021. If we can be of further assistance, please let us know.

Thanks again @BearsCubsOtters for sharing.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

coldfusion — Tue, 21 Sep 2021 21:20:18 GMT

Thanks for following up with the DD info. My idea is to try to get a sense of what if any mininum threshold of monthly deposit would be needed to get the 1.75% rate, not unlike the Penfed non-military $500 per month/$500 mininum balance requirement for the PCR to uplift from a 1.5% to a 2% card.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

freshstart26 — Wed, 22 Sep 2021 00:38:26 GMT

I received the same message.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Curious_George2 — Wed, 22 Sep 2021 01:11:07 GMT

@coldfusion wrote:

Thanks for following up with the DD info. My idea is to try to get a sense of what if any mininum threshold of monthly deposit would be needed to get the 1.75% rate, not unlike the Penfed non-military $500 per month/$500 mininum balance requirement for the PCR to uplift from a 1.5% to a 2% card.

My guess is that Navy doesn't have a minimum amount. They require DD to earn the 3% rate on the Special Easy Start CD, and there is no minimum on that. I have done as little as $100/mo and qualified. If there was a minimum for the Cash Rewards bump, I expect they would have mentioned it in the emails.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

ldkcivilservant — Thu, 23 Sep 2021 11:41:52 GMT

I also got the email. I have a whole 1 cent DD into my NFCU checking account per paycheck, just so I can keep it set up with my employer in case I want to manage a percentage split.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

icyhot — Thu, 23 Sep 2021 12:26:02 GMT

Wow I didn't get this, I don't get my paycheck direct deposited but I get the IRS child tax credit and my Patreon earnings deposited. I wonder if that will count

Re: NFCU Cash Rewards 1.75% With Direct Deposit

delaney1 — Thu, 23 Sep 2021 13:17:58 GMT

This is great. They should go ahead and make it 2% though lol.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

collics — Thu, 23 Sep 2021 17:25:55 GMT

@coldfusion wrote:
For those of you that got the email notice do you DD all of your paycheck into your NFCU account, or if not roughly what percentage of your net do you deposit there?

All of my DD minus $150.

Re: NFCU Cash Rewards 1.75% With Direct Deposit

Mr_Mojo_Risin — Thu, 23 Sep 2021 18:26:23 GMT

@CreditInspired wrote:
@BearsCubsOtters wrote:
I just received an email from NFCU that states that my Cash Rewards card will begin earning 1.75% cash back beginning 10/05/2021. It states specifically that since I have direct deposit, this will be automatic.

I have DD. I'm calling them right now. Thanks so much for sharing!!!!

UPDATE: I am doing the Happy Dance. I sent a SM stating I found out on MyFICO that emails were being sent out about this and asked if my cashRewards could be upgraded. Here's the response from NFCU:

Thank you for using Navy Federal's eMessaging Service, Ms. CreditInspired. Upon review, we have determined you are eligible for the upgrade to 1.75% cash back starting October 5, 2021. If we can be of further assistance, please let us know.

Thanks again @BearsCubsOtters for sharing.

I just sent a SM also. I have a small DD that goes to Navy ($125 a week) so hopefully I'll hear some cool news.

Thanks @BearsCubsOtters for sharing this.