topic Re: Navy Federal Credit Union cashRewards Plus Data Points in Credit Cards

Navy Federal Credit Union cashRewards Plus Data Points

jumpfloater4 — Thu, 10 Oct 2024 20:53:29 GMT

Navy Federal finally decided to publically refresh their 2% promotion onto a new existing card. Now there's the standard cashRewards and the cashRewards Plus. The cashRewards will earn 1.5% & be issued to those with credit lines under $5,000 and will be on the Visa/Mastercard network tiers. The CashRewards Plus will earn base 2% for those approved with SL over $5,000 & will be Visa Signature/World Mastercard. They no longer offer the 1.75% with direct deposit on the standard.

DATA POINT: For those wondering, if you got the 2% promotion this past year & don't have a CL above $5,000, rest assured your rewards will be grandfathered even with a standard castRewards Visa/Mastercard as long as you have direct deposit. Confirmed with a rep.

https://www.businesswire.com/news/home/20241010337898/en/Navy-Federal-Credit-Union-Launches-New-cashRewards-Plus-Credit-Card-Offering-Members-Unlimited-2-Cash-Back-on-All-Purchases

Re: Navy Federal Credit Union cashRewards Plus Data Points

Mellon — Thu, 10 Oct 2024 20:09:10 GMT

Just got the notice that my card is now 2%

Re: Navy Federal Credit Union cashRewards Plus Data Points

ZackAttack — Thu, 10 Oct 2024 20:46:06 GMT

Okay so if they are doing this, what will the FlagShip Visa will be?
The benefit I like is the Amazon Prime reimburstment of $139 just for the card's AF of $49.

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Side note: should have also asked for that Plus card's max CL is still to 50k.

Re: Navy Federal Credit Union cashRewards Plus Data Points

SwimGuy — Thu, 10 Oct 2024 20:49:09 GMT

I just got 2 emails saying that both of my cashRewards are now 2% cash back.

Both are under the $5k limit and I have direct deposit at NFCU.

Swimguy

Re: Navy Federal Credit Union cashRewards Plus Data Points

jumpfloater4 — Thu, 10 Oct 2024 20:58:56 GMT

I took an NFCU survey not too long ago about a potential Flagship rewards buff. If I remember correctly it was something like 4X travel, 3X dining & 2X everywhere else? Gah idk but it was something like that.

Re: Navy Federal Credit Union cashRewards Plus Data Points

ZackAttack — Thu, 10 Oct 2024 20:59:36 GMT

@jumpfloater4 wrote:
I took an NFCU survey not too long ago about a potential Flagship rewards buff. If I remember correctly it was something like 4X travel, 3X dining & 2X everywhere else? Gah idk but it we something like that.

IMO besides the Amazon Prime benefit, but you listed isn't worth it. They are probably better off increasing the Flagship standard to 3% cashback (3X) with a little more to the AF.

What you listed isn't worth it as the Chase unlimited/flex cover the 3% dining and NFCU Amex already covers 3X dining.

Re: Navy Federal Credit Union cashRewards Plus Data Points

jumpfloater4 — Thu, 10 Oct 2024 21:27:51 GMT

I just found the exact survey.

“Please take a moment to review the new Flagship card

APR 15.24% - 18%

4X points on travel (airfare, hotel, car rental, rideshare and cruise)

3X points on dining (restaurants and food delivery)

2X points on everything else

$95 AF. No balance transfer fees/cash advance fees/FTF/etc.

i agree with ya tho, not too competitive when you have travel cards that not only earn more then this Flagship structure, but have better benefits, better redemptions with travel partners & a lot of the $95 AF mid tier travel cards are World Elite Mastercards, which in comparison to travel protections offered on the Visa Signature network tier, aren't even close.

Re: Navy Federal Credit Union cashRewards Plus Data Points

Jeffster1 — Fri, 11 Oct 2024 02:21:33 GMT

Yup...just got the email from NFCU.

Re: Navy Federal Credit Union cashRewards Plus Data Points

Jeffster1 — Fri, 11 Oct 2024 02:26:25 GMT

@Jeffster1 wrote:
Yup...just got the email from NFCU.

My Cash Rewards Visa is currently at a CL of 20K, and I do not have Direct Deposit with NFCU.

Re: Navy Federal Credit Union cashRewards Plus Data Points

Windchill92 — Fri, 11 Oct 2024 02:36:53 GMT

Plenty limit + DD with Navy and got the upgrade.

And so did my siggy
↓ ↓ ↓

Re: Navy Federal Credit Union cashRewards Plus Data Points

Zoostation1 — Fri, 11 Oct 2024 04:21:31 GMT

@jumpfloater4Does getting issued a card with a SL <$5000 mean it will stay on the lower tier network or if you get a CLI that takes you above $5k will that upgrade it? While I'm not ready open a new account just yet, this is a card I would be considering to diversify my CC lenders a bit (I'm a NFCU member but don't have an cards with them).

Re: Navy Federal Credit Union cashRewards Plus Data Points

SPChaser — Fri, 11 Oct 2024 04:38:41 GMT

@Mellon wrote:
Just got the notice that my card is now 2%

same

Re: Navy Federal Credit Union cashRewards Plus Data Points

jumpfloater4 — Fri, 11 Oct 2024 04:47:01 GMT

As soon as you reach $5K via credit line increases, your Visa/Mastercard gets upgraded to a Visa Signature/World Mastercard and you get a new whole new card in the mail, but you keep you same account entirely. You get better benefits on the second tiers of these networks, however imo Visa Signature is still pretty lacking.

Applying straight up & getting $5K or over, it'll just be issued Visa Signature/World Mastercard.

Ranking the network tiers:

1) Visa Infinite

2) Amex (Platinum)

3) World Elite Mastercard

4) Amex (base; example would be the Blue Cash Everyday's 3% FTF)

5) World Mastercard

6) Mastercard

7) Visa Signature

8) Visa

8) Discover (offers nothing anymore)

Re: Navy Federal Credit Union cashRewards Plus Data Points

coldfusion — Fri, 11 Oct 2024 11:56:21 GMT

One can't just rely on "network tier" rankings, one also needs to read terms & conditions/disclosure statements to confirm actual benefits for any given card as some cards do not offer all the generic/standard/typical benefits the payment network lists for the card type. 2 simple examples: USBAR Visa Infinite (cap on PP lounge passes), Citi DC when issued as a WEMC (nerfing of multiple travel benefits).

Re: Navy Federal Credit Union cashRewards Plus Data Points

Wavester64 — Fri, 11 Oct 2024 14:51:30 GMT

@jumpfloater4 wrote:
Navy Federal finally decided to publically refresh their 2% promotion onto a new existing card. Now there's the standard cashRewards and the cashRewards Plus. The cashRewards will earn 1.5% & be issued to those with credit lines under $5,000 and will be on the Visa/Mastercard network tiers. The CashRewards Plus will earn base 2% for those approved with SL over $5,000 & will be Visa Signature/World Mastercard. They no longer offer the 1.75% with direct deposit on the standard.

DATA POINT: For those wondering, if you got the 2% promotion this past year & don't have a CL above $5,000, rest assured your rewards will be grandfathered even with a standard castRewards Visa/Mastercard as long as you have direct deposit. Confirmed with a rep.
https://www.businesswire.com/news/home/20241010337898/en/Navy-Federal-Credit-Union-Launches-New-cashRewards-Plus-Credit-Card-Offering-Members-Unlimited-2-Cash-Back-on-All-Purchases

I wish NAVY would do a refresh on their Visa Platinum CC

You can't PC from their Visa Platinum to the CashRewards Plus, right? 🤔

Re: Navy Federal Credit Union cashRewards Plus Data Points

GhostCredit — Fri, 11 Oct 2024 17:39:18 GMT

Dang I recently closed the cashrewards like a month ago... I feel like nfcu is so slow with upgrading their cards... First was the 1.75 and now they just did the 2%... I decided to replace it with the punch cash unlimited. Wish they just made up their mind and jump from 1.5 to 2%, plus they dropped the deposit to get the extra cash back too. Idk I don't think I will be getting it...

Re: Navy Federal Credit Union cashRewards Plus Data Points

UncleB — Fri, 11 Oct 2024 21:07:14 GMT

@Wavester64 wrote:
I wish NAVY would do a refresh on their Visa Platinum CC

You can't PC from their Visa Platinum to the CashRewards Plus, right? 🤔

You should be able to - this is assuming the new card has the same 'rules' as all the others.

NFCU even allows you to do PCs across networks (again, unless there's been a recent change).

Re: Navy Federal Credit Union cashRewards Plus Data Points

crystal626 — Sun, 13 Oct 2024 22:00:25 GMT

@Wavester64 wrote:
@jumpfloater4 wrote:
Navy Federal finally decided to publically refresh their 2% promotion onto a new existing card. Now there's the standard cashRewards and the cashRewards Plus. The cashRewards will earn 1.5% & be issued to those with credit lines under $5,000 and will be on the Visa/Mastercard network tiers. The CashRewards Plus will earn base 2% for those approved with SL over $5,000 & will be Visa Signature/World Mastercard. They no longer offer the 1.75% with direct deposit on the standard.

DATA POINT: For those wondering, if you got the 2% promotion this past year & don't have a CL above $5,000, rest assured your rewards will be grandfathered even with a standard castRewards Visa/Mastercard as long as you have direct deposit. Confirmed with a rep.
https://www.businesswire.com/news/home/20241010337898/en/Navy-Federal-Credit-Union-Launches-New-cashRewards-Plus-Credit-Card-Offering-Members-Unlimited-2-Cash-Back-on-All-Purchases
I wish NAVY would do a refresh on their Visa Platinum CC

You can't PC from their Visa Platinum to the CashRewards Plus, right? 🤔

With a $12K platinum you should be able to.