Posted by William Charles on May 15, 2017
Credit Cards

Published on May 15th, 2017 | by William Charles

37

Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know

Navy Federal Credit Union (NFCU) offers five different credit cards to it’s members. Readers of this site might be interested in these cards because some of them come with sign up bonuses and also have ongoing category bonuses.

Eligibility & Becoming A Member

NFCU is a credit union with restricted membership. You can view the full eligibility requirements here.

There used to be a work around so that anybody could join, but that no longer works. From time to time they offer bonuses for becoming a member, currently you can get $50. It’s important to also remember that becoming a member results in a hard pull.

List Of Credit Cards

As mentioned, NFCU offers five different credit cards to it’s members. They are as follows:

Best Cards

There are only really two cards worth considering and they are:

  • cashRewards:
  • Visa Signature Flagship Rewards
    • Annual fee of $49 waived first year
    • No foreign transaction fees
    • Card earns 2x points per $1 spent
    • Targeted bonus of 40,000 points after $3,000 in spend within the first 90 days of account opening

Current & Past Promotions

Current:

Past:

Things You Should Know

Things We Want To Know

If you know the answers to any of this, please share in the comments. Pages like this are as useful as readers make them, big thanks to all the readers who contribute.

We’ve done a similar post for other card issuers that you can view below:



37 Responses to Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know

  1. bluecat says:

    Heads up that this C.U. is a little “clunky”. I’ve been a member for over 10 years and have had to contact them about a number of little things that other institutions handle much better. I can’t recall all of the little issues, but they were things like the inability to make an early payment on a credit card, not being able to wire funds to another institution (they will send you a paper check!), incoming money taking a looong time to be posted, etc.

    Probably the most hassle of any of the many banks I’ve dealt with over the years, so factor the time you will spend on the phone into your decision to do business with them.

    • Shawn says:

      Do you still bank with them?

      I’ve been with them a few years and they don’t seem to have these problems any more, at least that I’ve ran into.

      You can pay your credit card bill whenever or however often you want. Just click the Pay button beside the account name.

      I sent a domestic wire about 6 months ago. It was sent and received by the guys bank the next day.

      The time it takes for funds to enter your account depends on what they are. Nothing so far has taken longer than what they state. Direct deposits usually get deposited early. I know my significant other’s direct deposit becomes available two days ahead of time. The official payday is Thursday but he gets his funds on Tuesday. Part of it is the Active Duty checking since it gives you the deposit a day early. Dunno about the extra day.

      • bluecat says:

        Good to hear that you are not experiencing issues.

        Yes, still bank with them and, yes, they are still quirky. Most recent issue is that I knew I had a $1200 payment to make on my credit card so I tried to do a pre-pay. Well, it happened at some weird time in their computer maintenance and so it never got pulled from my checking account. I called a few days later when I noticed nothing happened.

        Kind of a typical experience for me with these guys. Of course, YMMV.

  2. feng says:

    NFCU is my favorite MS place. It is local, easy to replenish. The bad thing is 1.5% is too low.

  3. icemule1 says:

    I like to inform people that NFCU will do a hard pull on your credit in order to open a checking account. So if you are going to join NFCU to get one of their credit cards you might want to consider opening your checking and getting the CC on the same day in hopes that they would combine hard pulls.

    • Andrew says:

      > If they will pull a different bureau if you have a frozen report

      They pulled TU when I became a member and also when I applied for a Cash Rewards card. A few months later I applied for a credit limit increase when my EQ and TU reports were frozen and they pulled EX . I can’t be 100% sure they tried to pull TU but it seems likely they did and don’t care about freezes.

      >If they expedite sign up bonuses

      They do not expedite sign-up bonuses. I met the minimum spend in the first month but I didn’t get it until the 3rd statement cut. The sign-up bonus posted to my rewards balance, not a statement credit.

    • Andrew says:

      Did you open checking at the same time you opened your membership?

      Membership is a hard pull, but I didn’t open a checking account at that time. I opened a checking account a few weeks ago to take advantage of their 3% CD and have not seen a hard pull for it.

      • icemule1 says:

        Didn’t realize you could become a member without opening a checking account. Since I opened my checking on the same day I became a member, maybe that’s what happened. Regardless, they never told me they were going to do a hard pull which pissed me off. If I knew it was a hard pull, I probably would’ve not opened the account.

    • saronne says:

      I was told they DON’T combine anything, And even if you apply for membership AND a credit card/loan they do TWO hard pulls!

      I wanted to speak to a branch manager before we made a 40-mile round trip but there is NO phone service to the branches.

  4. Tom says:

    If they allow product changes: YES (I changed my Flagship to a Cash Rewards card), no hard pull or anything.

  5. Greg N says:

    Not sure if this has been covered elsewhere, but although Visa Signature Flagship Rewards earns 2x points on spend, the redemptions aren’t really that exciting – basically 1c per point – 15,000 points for a $150 airline ticket, 30,000 for $300, etc. Cashback is worse, 13,452 points equals $100. You can earn 2x points on Flexperks with grocery or (soon) charity spend, and then the redemption is 20,000 points up to $400 ticket. For me, this NF card would be a card for the signup bonus, worth $400 on travel, but not sure I would want to keep spending on it long term.

    • Greg N says:

      I could put the same spending on a 2% cashbasck card and come up with the same amount $15,000 spend = $300 travel credit or $300 cashback, and I would probably prefer the cash as it is much more flexible.

    • sonia says:

      are there any ways to maximize redemptions such as buying a refundable ticket or something?

      • Greg N says:

        I don’t think so. In the terms it says, “The ticket will be a non-refundable, non-changeable ticket valued at no more than the applicable amount listed in the accompanying redemption chart, including taxes and destination charges.”

  6. Tom says:

    I’ve had a couple of their cards over the years and bonuses always posted after the spend period. So if the offer is 40,000 points after $3000 spend you will not see the bonus post until after the 90 day period, I believe it is usually the next statement following the 90 days. Also the redemption value for cash or gift cards is poor.

  7. WLT says:

    They have an option for expedited shipping, at least on the Flagship card, but it’s an extra $12.99

  8. Al says:

    NFCU is coming up with brand new Amex credit card in Fall of 2017.

  9. Shawn says:

    Match higher signup bonus:

    I tried once when I first joined and got the cashRewards card. The following calendar month they had a signup bonus. I called in asked if I could get it as well since I had just gotten the card about a week prior. I was told no. However, I didn’t pressure too hard.

    Reallocate limits:

    Yes, I just called in and it took a few minutes. I don’t remember if it was a hard pull or not. I don’t think so though. I typically ask and I don’t remember getting any kind of alert from credit monitoring, but I could be wrong.

    Something related to reallocating they won’t do. I applied for the flagship rewards card, but was denied because I was at the max credit they would extend me. I asked if they could reallocate some of my other accounts to get the approval, similar to Chase. Even after escalating the call I was still told no. The best they could do was remove credit from some of my other cards/LOC and then have me reapply with another hard pull. Uh no thanks.

  10. Sarah says:

    They send targeted higher credit card offers if you are a member. So it’s worth being a member even if you don’t use any accounts. Same with USAA, though so far all my targeted offers have been for 0% balance transfers. I don’t have any accounts with USAA, just a membership.

  11. Eric says:

    I joined Navy FCU on 4 May 2017 via referral and there was NO hard pull. Navy FCU asked me to upload a few documents: 1) ID/Passport/DL and 2) utility bill/bank statement/paystubs. Got ck & sv accounts up and running within 4 days. Applied for Navy Flagship Rewards this morning 20 May 2017 and was approved instantly. There was a hardpull on for the credit app. Still haven’t seen a hard pull for joining Navy FCU. 26/24.

    Also applied for Alliant CU membership on 04 May 2017. Got ck & sv up and running after uploading some ID. Applied for Alliant Visa Signature Rewards 3% cashback today 20 May 2017. App Went into pending status. Got a call back the same day and was approved. Now 27/24.

  12. saronne says:

    Yeeesh- wish I’d proofread before posting the above! Well, it’s very late LOL

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