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Navy Federal cards

850Dreamer
Frequent Contributor

Re: Navy Federal cc cards

@archxr also keep in mind you might benefit from a lower APR than your other cards and possibly a higher CL. My signature profile is accurate and I got the lowest apr available for the more rewards (9.65% i think) and my second card with navy (go rewards) was over $15k starting credit line. Your credit profile seems to be better than mine at the moment. But I agree if just going for the rewards then probably isn't worth it. 


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Scores rebuilt from low 500's | Total CL's: $44,600 | Signature last updated 4/27/2021
Message 21 of 33
KatSoDak
Regular Contributor

Re: Navy Federal cc cards


@archxr wrote:

Seems like I'd only benefit on transit with an NFCU MR. I have dining covered and my local grocery stores code differently and/or don't take AMEX cards.


That's my situation also (local grocery stores don't accept Amex) so I'm focusing on growing my Platinum CL and on one year anniversary in March will ask for an even lower APR than the 8%+ I have now;  hoping to get 5.99%



Citi | Discover | HSBC | BOA (2) | NFCU | WF (2) | Simmons Bank | FNBO (2) | BBVA | Lowes | Care Credit | Home Depot AU
Message 22 of 33
archxr
Valued Member

Re: Navy Federal cc cards

@850Dreamer No joke, your credit profile is currently better than mine. I'm the one stuck with a secured card.

+ AUs
Message 23 of 33
ZackAttack
Frequent Contributor

Re: Navy Federal cc cards


@850Dreamer wrote:

@archxr also keep in mind you might benefit from a lower APR than your other cards and possibly a higher CL. My signature profile is accurate and I got the lowest apr available for the more rewards (9.65% i think) and my second card with navy (go rewards) was over $15k starting credit line. Your credit profile seems to be better than mine at the moment. But I agree if just going for the rewards then probably isn't worth it. 


What is good from the rewards page when redeeming points from NFCU? I've only done cashback % and haven't really focused on points side.

 

MSGCU Rewards | $5k | 10/2/2020 | 9.25% APRDiscover Cash It | $4,550 | 1/4/2019 | 12.99% APRAmex 1.5% CB | $3.9k | 7/3/2019 | 20.99% APRBest Buy Store Card | $3kChase Student Card | $1.2k | 4/10/2020 | 14.99% APRDiscover Cash It | $1,500 | 10/2/2020 | 11.99% APRCiti DC | $3.5k | 10/14/2020 | 16.99% APRDCU Platinum | $8k | 10/21/2020 | 8.5% APRNFCU cashrewards | $5.7k | 1/2/2021 | 16.99% APRNFCU Plat | $18.2k | 4/17/2021 | 10.99%

Loans
Ford Credit Car Loan 3-year 7/31/2018 ($199.26/month)
$8,000 DCU Personal Loan 5-year 5.99% 10/2/2020 ($155.38/month)

Closed
Michigan Schools & Gov't CU Titanium 1/4/2019 - 10/2/2020

Banks
 MI Schools & Gov't CUDCUNavy Federal Credit UnionChase BankAOD FCUDiscover BankGenisys CU
Message 24 of 33
archxr
Valued Member

Re: Navy Federal cc cards

As far as people tell me NFCU has nothing that improves the redemption of points.

+ AUs
Message 25 of 33
Girlzilla88
Valued Contributor

Re: Navy Federal cc cards

@Getty59      Read up on Second Card and CLI and make sure you have 3 FULL Statements, but if you request the CLI on your current card be sure to do so ONLINE for a possible SP!     If you are wanting to do the card and the CLI at the same time then app for the card first just make sure you have 3 full statements so you may need 4 statements showing 










Message 26 of 33
adelphi_sky
Frequent Contributor

Re: Navy Federal cc cards


@Aim_High wrote:

Agree with a lot of the other advice above that the answer depends, @Getty59 .

First, do you mean the ranking of cards in terms of how Navy's underwriting approves them??

The answer to that is completely different from the ranking of how "valuable" they could be to a consumer.

 

From Navy's underwriting department, the easiest card to get is the nRewards Secured, of course. And the most difficult card is the Flagship Rewards, for which Navy had denied many new members on their first card application.  Between the others, the Platinum, Cash Rewards, Go Rewards, and More Rewards all have similar underwriting, so any of those four could be a good choice depending on what other cards someone already carries and what their priorities are for future cards.

 

In my case, I chose the Platinum over the other cards since I wanted the ultra-low 5.99% APR to have for emergencies and balance transfers "just-in-case" I needed it.   I didn't need (another) 1.5% card and I already had the 3% (or even better) covered with other cards on gas, restaurants, transit, groceries, and travel.    To me, the Rewards on Navy's cards are good but nothing that isn't available somewhere else.  But that 5.99% APR on Platinum for both purchases and balance transfers is pretty rare but especially on a card with no BT fee, no Cash Advance Fee, and no AF.

 

If you don't already have a good flat-rate card that pays at least 1.5%, I'd recommend the Cash Rewards.  A good uncapped and uncategorized card is always helpful.  In my opinion, between the Go Rewards and More Rewards, the More Rewards is more valuable since the points are all worth 1 ccp and More Rewards covers more categories at a higher rate. 

 

The Flagship Rewards is a little unique in that it's the only card NFCU allows to exceed an $50K credit limit, so if your goal is high limits, the FSR is most valuable.  It also has in the past had the highest SUB which (MAY) come back this year.  It was worth 50K points worth $500, effectively paying the $49 AF for ten years.  (The current SUB is free Amazon Prime, worth a fraction of that amount.)  If you don't have a 2% or better card yet, the FSR can be a good choice depending on your spending and lifestyle.  If you can take advantage of the TSA Global Entry reimbursement, that's worth $100/4 years or $25 a year, lowering the effective AF from $49 to $24.  If you travel, the FSR includes some basic travel protections including rental car CDW, Travel Accident Insurance, and Travel and Emergency Assistance.   Absent the SUB and the TSA Global Entry reimbursement, you might be better off long-term on rewards with a no-AF 2% or better card like Citi DC, PPMC, or PenFed PCR combined with a no-AF 3% travel card like Wells Fargo Propel. 


Yep. I got the Platinum specifically for BT and its ultra low interest rate. 

Message 27 of 33
TuffTurkey
Regular Contributor

Navy Fed CC Question

This may have been asked before and I did try searching before asking. So if anyone has a link to the thread or just knows it would help. 

Are there tiers for Navy fed cards? I know the flagship is top tier but is there a list of levels from bottom to top in order?  Thanks 



Message 28 of 33
TheBoondocks
Established Contributor

Re: Navy Fed CC Question

Tiers as in ranks for the nfcu credit cards? Well, anything with a AF would be first? or do you mean in terms of credit score being eligible for the cards? I would say, flagship then cash rewards then platinum. I only have the Platinum with Navy. But, their cards are okay, nothing special.

Message 29 of 33
800wannabe420
Contributor

Re: Navy Fed CC Question


@TuffTurkey wrote:

This may have been asked before and I did try searching before asking. So if anyone has a link to the thread or just knows it would help. 

Are there tiers for Navy fed cards? I know the flagship is top tier but is there a list of levels from bottom to top in order?  Thanks 


With the exception of the Flagship, the UW appears to be the same for all the remaining cards. It's more matching your spending habits to the card that best fits.

I carry both the Flagship (minimum 5K starting limit, hence the stricter UW) and the More Rewards and I couldn't be more pleased with the card performance and the outstanding customer service.

If this would be your first application with NFCU, it is strongly suggested that you do not apply for the Flagship first, rather make it your second or subsequent application.

Message 30 of 33
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