NFCU Flagship and rewards question

[NoMoreDebt]

I applied and was approved yesterday for this card. I was granted access to the card number and details before getting the physical card so I can start using it right away which I intend to do as we can earn the SUB this weekend nearly. I notice in the terms it says in the Flagship Rewards Program Description

"2. Points cannot be earned until a Visa Signature Flagship Rewards
account has been established. Only accounts enrolled in Visa
Signature Flagship Rewards will qualify to accumulate points.
No retroactive credit will be provided. Points are not transferable
between Navy Federal rewards programs."

Is there another step I need to take such as calling them before I start putting charges on this card and not earning points or am I just over thinking this? Would hate to start loading it up only to not get the points

[Jordan23ww]

When I got my card a few years ago they were not issuing you your card info before the card arrived so I'm not sure.  I think you should give them a call and ask, that way you'll be sure and you can document who you spoke to in case there are any issues or discrepancies going forward. 

[Kforce]

Don't have NFCU.

Have had bad info given from many CS agents, both CU's and Banks.

Would not necessarily believe what they tell you.

I would error on the safe side and wait until I got the card and activated it.

[ptatohed]

As far as I can tell, the 90 days starts at account opening.  Which you already did.

https://www.navyfederal.org/loans-cards/credit-cards/offers/flagship-visa-signature.html

Offer valid for cardholders issued new Visa Signature® Flagship Rewards Credit Card accounts. To be eligible for the 40,000 points offer, you must make $4,000 or more in net purchases within 90 days of account opening. Rewards are earned on eligible net purchases. 

[K-in-Boston]

A little late to the party, but the wording you are seeing is them covering themselves in the event of product changes.  For example, if you had an NFCU Platinum card, make a bunch of purchases, and then change it to a Flagship, you will not receive retroactive points for purchases made prior to the change.  Your card has always been (for the 3 days it's been open) a "Visa Signature Flagship Rewards account" that has been "enrolled in Visa Signature Flagship Rewards."

[ForwardLooking]

Congratulations on the new Card!  I love my Flagship card and use it for my daily driver.

As long as it is truly a new card and not one from a product change as someone else pointed out, you should be good and every purchase made will count towards the points required for the SUB.  I had my SUB points met within about 2 weeks and redeeming the bonus was easily done through their rewards site.  Cash advances and balance transfers will not give you points, just purchases.

Just a few side notes for this card: try for CLIs every 6 months and call in and ask for APR reductions every 12 months.

[NAVYCHOP]

Congrats on the new card.  I agree with others on this post that the wording does not apply to new accounts.  It applies to people like we.  I product changed a NFCU platinum to a Flagship card and lost out on the perks for new accounts, because I wanted my Flagship to reflect an account opening of 26 years ago.  In the month I product changed, I received no points for the charges on my account up to the date of product conversion.

[NoMoreDebt]

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@K-in-Boston wrote:

A little late to the party, but the wording you are seeing is them covering themselves in the event of product changes.  For example, if you had an NFCU Platinum card, make a bunch of purchases, and then change it to a Flagship, you will not receive retroactive points for purchases made prior to the change.  Your card has always been (for the 3 days it's been open) a "Visa Signature Flagship Rewards account" that has been "enrolled in Visa Signature Flagship Rewards."

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This is correct for anyone that searches and finds this latter. By the time I got the physical card and was able to set up online access I had the SUB halfway met already and it was reflected as such once it was added to my online banking profile

@ForwardLooking wrote:

Congratulations on the new Card!  I love my Flagship card and use it for my daily driver.

As long as it is truly a new card and not one from a product change as someone else pointed out, you should be good and every purchase made will count towards the points required for the SUB.  I had my SUB points met within about 2 weeks and redeeming the bonus was easily done through their rewards site.  Cash advances and balance transfers will not give you points, just purchases.

Just a few side notes for this card: try for CLIs every 6 months and call in and ask for APR reductions every 12 months.

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It has become my mainstay cash back card if I am not swiping an Amex for sure. Will they actually lower the APR if I already got approved at the lowest they offer for that card? I did notice today that there APR went up across the board on all there credit card offerings. Don't know if that effects those that already have a card just new applicants.

[K-in-Boston]

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@NoMoreDebt wrote:

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Will they actually lower the APR if I already got approved at the lowest they offer for that card? I did notice today that there APR went up across the board on all there credit card offerings. Don't know if that effects those that already have a card just new applicants.

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The APR is a variable rate, so when you were approved it was for Prime Rate + X%.  Navy is sometimes a little slow to make adjustments after Prime Rate increases, so this was likely just an adjustment made for the 3rd quarter of the year and would be reflected on your next statement to show the floor of the current APR range.  (They do not lower APRs below this floor; the only way to get a lower APR would be to product change to a card with a lower floor, such as the Platinum card.)