cancel
Showing results for 
Search instead for 
Did you mean: 

NFCU Flagship: For those of you who don't travel....

Highlighted
Valued Contributor

NFCU Flagship: For those of you who don't travel....

I was curious - I see a lot of love on the forums over the months for this card.

 

Checking over the stats, I can't see why though.

 

I mean, if you travel, then maybe.

 

But if you don't, that's a $50 AF for a card that is limited, no?

 

So what I am asking - for those of you who love the NFCU Flagship and don't travel, or travel lightly,
let's hear why you like the card  Smiley Happy






Potential Future Cards

33 REPLIES 33
Highlighted
Established Contributor

Re: NFCU Flagship: For those of you who don't travel....

In the not so long ago it had a pretty big SUB

 

Free precheck/GE makes up for the AF

 

It also usually has a big SL, with its no fees it could be pretty useful for revolving or pulling cash out at ATM without needing a debit card


Smiley Embarassed
Message 2 of 34
Highlighted
Established Member

Re: NFCU Flagship: For those of you who don't travel....

It is also the single only card that can have up to an $80,000 limit, vs other cards capped at $50,000 at NFCU.

Message 3 of 34
Highlighted
New Contributor

Re: NFCU Flagship: For those of you who don't travel....


@Wavester64 wrote:

I was curious - I see a lot of love on the forums over the months for this card.

 

Checking over the stats, I can't see why though.

 

I mean, if you travel, then maybe.

 

But if you don't, that's a $50 AF for a card that is limited, no?

 

So what I am asking - for those of you who love the NFCU Flagship and don't travel, or travel lightly,
let's hear why you like the card  Smiley Happy


Also, the Global Entry/TSA Pre-check statement credit applies to EACH card, not just the primary cardholder but all AU's. The 2% non-category spend is very convenient IMO. 

Message 4 of 34
Highlighted
Contributor

Re: NFCU Flagship: For those of you who don't travel....

@Wavester64  - I've thought about this also. I'm a homebody these days and I don't travel. I've already ruled out the Flagship for my 3rd NFCU card when the time comes. ( I have Cash Rewards and More Rewards, still have to decide between Platinum and Go Rewards for card #3)

 

Looking only at Cash Rewards at 1.5% rewards  and no annual fee, vs. Flagship at 2% and $49 annual fee after year 1 ( and ignoring one-time sign up bonus )... With the $49 annual fee, and the 1/2% rewards difference, I'd need to spend $9800 annually just to break even on the $49 fee over the 1.5% Cash Rewards. 

 

I live very simply, and I rent a room, so as it is, excluding rent, I don't spend $9800 in a year total. Therefore the Flagship doesn't make a lot of sense for me ( my income would never support the higher limits regardless of card ). But for those who travel or spend more than that, sure, I can see that the Flagship would make sense, even if they don't travel. 

 

 

Message 5 of 34
Highlighted
Epic Contributor

Re: NFCU Flagship: For those of you who don't travel....

For Me the main thing was the Huge SUB.

I do Travel (at times) .. so that is a bonus.

It is accepted in places where sometimes The "Amex" Propel is not.

 

A few other perks ..

 

 

  • No balance transfer fees
  • No foreign transaction fees
  • No cash advance fees
  • Worldwide Automatic Travel Accident Insurance
  • Travel and emergency assistance
  • Extended warranty service
  • No rewards limit

 

Message 6 of 34
Highlighted
Established Contributor

Re: NFCU Flagship: For those of you who don't travel....

I'm waiting to apply for this one as my hard inquiries die down a bit.  It appears to be a really nice card and the only one that I will have for TSA pre-check.



Message 7 of 34
Highlighted
Super Contributor

Re: NFCU Flagship: For those of you who don't travel....

Flagship seems to much more reliably get 0% BT offers each year while the other cards tend to get 1.99-2.99%. That's definitely a perk for some people that makes it worth it. 




Message 8 of 34
Highlighted
Frequent Contributor

Re: NFCU Flagship: For those of you who don't travel....

Here's my favorite review/analysis of Flagship Rewards:

 

@Aim_High wrote:

Yes, it's a travel card.  But that seems a little harsh and hasty a review of the Flagship card.  Pardon my off-topic diversion.  I don't have it but have considered it.  I think it can be a great card depending on what else is in someone's wallet.  For someone who can get qualify for membership in NFCU, who doesn't want a high-priced travel card but wants to save rewards for travel, who doesn't yet have a 3%+ travel card and/or a 2%+ all-purpose card, it's certainly a worthy contender. 

 

First off, it has a 50K point ($500 SUB) that effectively pays the annual fee for more than 10 years if you keep it! (Regardless of all other benefits you get from the card.)

 

Yes, it has $49 AF but for someone who uses that Global Entry credit you mentioned, the effective AF is actually $24 ($100 credit every 4 years = $49-25.)  

 

For that $24, you get a lot of other Visa Signature "value" items you neglected to mention that are sometimes not available in sub-$50 AF cards  including basic travel protections like secondary rental car CDWAccidental Death & Dismemberment travel insurance($250K)Lost Luggage Reimbursement, plus also Purchase protection, Extended Warranty coverage, Cell phone protection, Visa Signature Concierge, Roadside Assistance Dispatch, and Emergency Travel Assistance hotline.  For someone who can use those things, it easily pays the other $24 in AF for being able to decline CDW, cancel cell phone insurance plans, or file claims for purchase protection or extended warranty coverage.  Some other no-AF Visa Signature cards may have some of those benefits but there are probably few that have all.

 

Also, no FTF's, no BT fees, and even no Cash Advance fees!  That can really add up if you ever do BT's alone. 

 

And what other rewards cards have APRs as low as 11.99%?  That is exceptional for a card that also pays 2-3%.  (PenFed Power Cash is 11.74% and no FTF ... but they also have 3% BT and 5% Cash Advance fees.)

 

There are only a handful of cards that give 3% or more back on travel in CASH at a penny-a-point with either no-AF or that low an AF.  My Citi Costco does, but Costco membership is required.  WF Propel and Barclays UBER do, but they don't offer a base of 2% on anything, so it's more cards to carry with less-favorable terms.   That appears to me to be one of the strong suits of this card:  the ability to consolidate in one place all the cash back awards for future travel usage.  Someone can combine their 2% and 3% cashback categories and allow it accumulate for major travel purchases like vacations, hotel stays, airfare, rental cars. 

 

NFCU also advertises "Member Deals" for shopping redemptions that can amplify reward points value.  The website shows an example of up to 5% bonus on top of the 2% base earning, so points could be worth effectively 7% for shopping with the Flagship, if you chose to redeem them that way. I believe the CITI DC is the only card that allows something similar, since they just began allowing conversion of DC to TY points. 

 

Navy FCU is known for generous approvals, generous SLs, generous CLIs, and good customer service.  All this really counts.   From what I've read, I've rather deal with NFCU for customer service issues more than any of the well-known national 2% card products, including Synchrony (PayPal), Citi (DC), Elan Financial Service (Fidelity), Alliant CU (Visa Signature), or even PenFed (Power Cash), which is also on my radar.  I've read some pretty negative reviews on all of those from some customers. (*I do wish USAA would bring back the 2.5% Limitless Cashback, though!)

 

Yeah, the $50 minimum redemption is high, and that turns me off in some ways.  But as I said, I think it's intended to be a program where rewards are allowed to accumulate for major travel redemption.  If you don't spend enough to accumulate rewards quickly enough or travel often enough, it's not such a good card for you.   Also, depending on what else is in your wallet, the overlaps may make the AF an unnecessary expense.  But for the right consumer, it's a highly competitive product to those $89 and higher-AF travel cards.

 

 


 

Message 9 of 34
Highlighted
Epic Contributor

Re: NFCU Flagship: For those of you who don't travel....

"(PenFed Power Cash is 11.74% and no FTF ... but they also have 3% BT and 5% Cash Advance fees.)"

 

Snipped from the above post  ^^^^^^^^^^^

 

I have seen very few PenFed Power Cash Rewards Approvals where someone actually gets the 11.74% APR ..

Usually 16.99-17.99%Smiley Tongue

Message 10 of 34
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.