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The Offer
Direct link to offer (might be targeted as it says non transferable. E-mails with the subject line ‘Bonus Points on Big-Ticket Purchases’)
- Navy Federal Credit Union (NFCU) is offering cashRewards customers an extra 5% cash back on purchases of $500 or more. This is in addition to the 1.5% cash back you’d normally receive.
- Other people have a crappy offer for 0% APR for six months instead
The Fine Print
- Only individual purchases made with your Navy Federal cashRewards credit card between 11/1/18 and 12/31/18 that meet the minimum spend requirement of $500 will be eligible for the 5% cash back bonus.
- Purchases cannot be combined to reach the minimum.
- However, multiple individual purchases within a single transaction that meet the spending minimum will qualify.
- Rewards are based on net purchases. “Net purchases” means the sum of your eligible purchase transactions minus returns and refunds.
- Eligible purchase transactions do not include, and rewards are not earned for, the following transactions: cash advances, convenience checks, balance transfers, or fees of any kind, including finance charges, late fees, returned check fees, ATM cash advance fees, and annual fees, if any.
- Cash equivalent transactions, such as the purchase, loading, or reloading of gift and prepaid cards (e.g., money orders, Visa® Buxx Cards, GO Prepaid Cards and other cash equivalent gift cards), may not be eligible purchase transactions and may not earn rewards.
- Note on orders placed for later delivery, including online shopping: Merchants will often break a transaction up based on shipping date and method, and charge the cards based on shipment, not the original order.
- This means that an order that may appear to qualify for the special offer may be broken into smaller charges that no longer qualify.
- We can only base this offer on the charges as the merchant sends them to us, not as they may have been originally made.
- Offer is not transferable.
- Excludes Navy Federal Business cards.
Our Verdict
This promotion is just stupidly good. I kept on expecting there to be some sort of catch (e.g maximum allowed) but there doesn’t seem to be any. 6.5% cash back on all purchases of $500+ is crazy good. Keep in mind the fine print excludes gift cards/prepaids etc, I’m thinking they are going to enforce that somehow otherwise it’s going to be mayhem.
Hat tip to reader Mike G & Jimmie C
