topic Re: navy fed amex more in Credit Cards

navy fed amex more

acreditdummy123 — Tue, 08 Nov 2022 10:28:22 GMT

Finally earned 480 points in order to cashout my $50 redemption. been waiting for this moment for 2 years. time to close out this trash card lol. thx for listening to my petty rant

Re: navy fed amex more

OmarGB9 — Tue, 08 Nov 2022 16:43:17 GMT

I think most people would disagree with you that it's a "trash" card. Why do you think that? Just because of the $50 redemption threshold?

Re: navy fed amex more

SUPERSQUID — Tue, 08 Nov 2022 20:49:22 GMT

@acreditdummy123 wrote:
Finally earned 480 points in order to cashout my $50 redemption. been waiting for this moment for 2 years. time to close out this trash card lol. thx for listening to my petty rant

Most people on this board would love to have any card with NFCU.

Re: navy fed amex more

Kforce — Tue, 08 Nov 2022 21:19:49 GMT

@acreditdummy123 wrote:
Finally earned 480 points in order to cashout my $50 redemption. been waiting for this moment for 2 years. time to close out this trash card lol. thx for listening to my petty rant

It all depends on ones spend and card use.

$50 can be 2 years or 3 times a month with those issuing points/$ as charges post.

Have had 3 cards with $50 min.

(Not ideal, but not a real problem if a well used card)

Sounds as if it just was not known pre applying

$50 minimums are not good for sock drawer cards.

Might not be a card for you, however far from a trash card

Re: navy fed amex more

Anonymalous — Wed, 09 Nov 2022 04:04:05 GMT

@Kforce wrote:
@acreditdummy123 wrote:
Finally earned 480 points in order to cashout my $50 redemption. been waiting for this moment for 2 years. time to close out this trash card lol. thx for listening to my petty rant
It all depends on ones spend and card use.
$50 can be 2 years or 3 times a month with those issuing points/$ as charges post.
Have had 3 cards with $50 min.
(Not ideal, but not a real problem if a well used card)

Sounds as if it just was not known pre applying
$50 minimums are not good for sock drawer cards.
Might not be a card for you, however far from a trash card

The More Rewards redemption limit works for me, since I use it as one of my two daily drivers, and it gets all my dining, gas, and grocery spend, plus occasional miscellaneous spend based on offers, and it's also my go-to card for really big purchases or things like travel or renting cars (high CL, very good network benefits). So it's not very hard to hit 5,000 points/$50. But as I start getting more cards with higher rewards in specific categories, it's going to start taking much longer to hit that redemption limit.

Navy's an interesting case. They're broadly popular, but they're also unpopular among certain groups. And I can see why, from the way their cards are structured. They're really good at hitting broad categories of mainstream spend with good cashback rewards, but they don't have any of the 5% in one narrow category cards. So they're excellent for people with just a couple cards -- I'd argue that the CashRewards + More Rewards or Flagship + More Rewards are among the best two-card setups out there -- but for people with a Custom Cash, a Cash+, a Freedom Flex, a Discover It, and so on, most of the spend that would go to the Navy cards will shift to the 5% cards, making the $50 redemption limit much harder to hit. The Navy cards will mostly stick around because of utilization padding, or perhaps balance transfers, foreign travel, or the occasional need for network protections.

Re: navy fed amex more

Kforce — Wed, 09 Nov 2022 17:07:53 GMT

@Anonymalous wrote:

The More Rewards redemption limit works for me, since I use it as one of my two daily drivers, and it gets all my dining, gas, and grocery spend, plus occasional miscellaneous spend based on offers, and it's also my go-to card for really big purchases or things like travel or renting cars (high CL, very good network benefits). So it's not very hard to hit 5,000 points/$50. But as I start getting more cards with higher rewards in specific categories, it's going to start taking much longer to hit that redemption limit.

Navy's an interesting case. They're broadly popular, but they're also unpopular among certain groups. And I can see why, from the way their cards are structured. They're really good at hitting broad categories of mainstream spend with good cashback rewards, but they don't have any of the 5% in one narrow category cards. So they're excellent for people with just a couple cards -- I'd argue that the CashRewards + More Rewards or Flagship + More Rewards are among the best two-card setups out there -- but for people with a Custom Cash, a Cash+, a Freedom Flex, a Discover It, and so on, most of the spend that would go to the Navy cards will shift to the 5% cards, making the $50 redemption limit much harder to hit. The Navy cards will mostly stick around because of utilization padding, or perhaps balance transfers, foreign travel, or the occasional need for network protections.

^^^^^ This observation is a valid one.

Some like cards with many categories as compared to the 5% in one or two, usually with a cap &/or even AF.

With a small set of cards (3-5) one can often hit (80% - 90%) of what they could with 15-20 cards.

Some still like having only a few cards.

Had the collecting bug and got over it, or never caught it in the first place

Re: navy fed amex more

CreditCharmer — Tue, 15 Nov 2022 02:00:02 GMT

Oh wow, you're trashing it? I must say it's nothing spectacular but It's currently my highest limit card at 43k. I guess I'll keep it around.

Re: navy fed amex more

acreditdummy123 — Wed, 16 Nov 2022 01:53:22 GMT

@CreditCharmer wrote:
Oh wow, you're trashing it? I must say it's nothing spectacular but It's currently my highest limit card at 43k. I guess I'll keep it around.

yeah i'm gonna trash it once the payment i pushed from my bank gets processed by them in like a week cuz they're slow like that lol

Re: navy fed amex more

acreditdummy123 — Wed, 16 Nov 2022 01:55:59 GMT

@OmarGB9 wrote:
I think most people would disagree with you that it's a "trash" card. Why do you think that? Just because of the $50 redemption threshold?

its AMEX, high redemption threshold, slow to process payments from my bank (i'm not willing to inconvenience myself just to use their checking to credit card transfer lol), the design is ugly, customer service is on the decline

Re: navy fed amex more

TheRedHat — Wed, 16 Nov 2022 02:11:07 GMT

After about two months with the NFCU Flagship card, I don't particularly care for NFCU's rewards structure. 5,000 points ($50) minimum redemption and can only be redeemed in 5,000 point ($50) increments for cash or can use points to pay for, I believe, up to 4 individual transactions at one time. I find it to be too restrictive compared to other cards. It's a great card for a heavy spender or if this was someone's primary card, but if you have other cards already? Not so much.

Re: navy fed amex more

acreditdummy123 — Tue, 22 Nov 2022 08:52:22 GMT

woo hoo. just closed this card. thank goodness it's out of my life