Yeah I knew about $50 min but I wasn’t aware it was $50 increments too.
Maybe I will take GCs instead. Supposedly those start at $25.
This is why I just PCed my AmEx to CashRewards. The $50 minimum/$50 incriments did not make it very attractive or useful. I didn't know that when I apped for it. NFCU'S cash redemtion rules on GoRewards and AmEx severely undercut the usefullnes of the cards.
Yeah I will probably replace it with a grocery spend card elsewhere at some point but for now it gives me 3% back on groceries without having to open a new tradeline and it gives NFCU some swipes from me. It works out to a yearly redemption more or less since I don’t have much grocery spend but points don’t expire for 36 months so that’s not really a big deal I guess.
And besides, I have the PayPal card so I wouldn’t use the cashRewards anyway which is why I gave up the $7500 limit, splitting it $5500 to my Platinum and $2000 to the PC’d More Rewards.
Its unfortunate that NFCU charges an AF for the Flagship because it means that they won’t get much spend from me except for emergency expenses on my Platinum ($12,700 at 8.24% is great for emergencies) or BT offers on it. I do use Member Deals for Microsoft Store (Xbox games) and I will take advantage of any Amex network offers that benefit me but my other category cards and my PayPal Cashback will be getting most of my spend.
I am a long time NFCU member (45 years). When NFCU and Amex first announced that they would be issuing a new NFCU card that would run on the Amex network, I posted a tweet suggesting that NFCU ask their members for input on the new card's rewards program. They contacted me and asked me for my input, and I told them that my primary concern was that the new card not have a $50 minimum redemption like the NFCU Go Rewards card. I recommended that the new card be more like the NFCU cashRewards card where any amount can be redeemed at any time. NFCU thanked me for my input and then promptly ignored the input. I think part of the problem is that NFCU uses an outside vendor to operate the rewards progams on Go Rewards, More Rewards, and Flagship Rewards, and that vendor has certain canned solutions.
I don’t understand how the largest credit union in the country can’t figure out how to run their own rewards programs for their cards.
To be fair though, most people seem to like having a 3/2/1 card for the majority of their spending unless they have travel needs and thus go that way so the limited redemption probably doesn’t bother them much.
I certainly never imagined that credit card companies would issue so many cards to one person. I had my pre-BK spend split between BoA and US Bank (with Amazon, Kohl’s, and Best Buy store cards as well) and my rebuild was Capital One cards from 2014 to 2017 when I branched out from my QS and PlayStation combo to add the Ollo card then March came and I had offers from Amex and Discover and it was all downhill from there lol.