Published on May 15th, 2017 | by William Charles42
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:
There are only really two cards worth considering and they are:
- No annual fee
- Card earns 1.5% cash back on all purchases
- Sign up bonus of $200 cash back after $3,000 in spend currently
- 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
- Navy Federal cashRewards $200 Credit Card Bonus
- Double points at wholesale clubs
- Navy Federal Credit Union: Military Appreciation Month ($50 For Joining/Referring – Share Your Referrals)
- [Targeted] Navy Federal Flagship Rewards 40,000 Point Bonus
- Join Navy Federal Credit Union & Get $25 Bonus
- Navy Federal Flagship Rewards 30,000 Point Bonus
- Navy Federal Offering 2% Extra Cashback At Warehouse Clubs Until December 31st, 2016 (Up To 4x W/ No Cap)
- Navy Federal cashRewards Credit Card $200 Sign Up Bonus
- Navy Federal Increases Sign Up Bonus To $150 On cashRewards Credit Card
- Receive $10 For Enrolling Any Navy Federal Card With Visa Check Out
- [Military Only] Navy Federal Adds $150 Sign Up Bonus To GO Rewards Card
- Navy Federal Credit Union $100 IRA Bonus
- Navy Federal Increases Sign Up Bonus To $200 On cashRewards Credit Card
- [Expired] Navy Federal Credit Union Offer 5% CD On Balances Up To $5,000
- Visa Checkout: $15 When You Use A NFCU Card
Things You Should Know
- Credit limit increase requests are complicated. If you request a credit limit increase and it’s automatically approved, it will be a soft pull. If you request a credit limit increase and they counter with a lower limit it’s a soft pull. If you request a credit limit increase and are told you’ll be notified in 3-5 days a hard pull will be done. We explain this process in some detail here.
- They do not expedite sign up bonuses. In addition the bonus won’t post until after the spend period is over. For example if the card requires spending $1,000 within 90 days and you meet that within the first 30 days you’ll still need to wait for the full 90 days to pass to receive the sign up bonus.
- They do allow product changes between their different credit card products. No hard pull is done.
- They offer expedited shipping (at least on the Flagship rewards card) but it costs an extra $12.99.
- There is at least one data point of them not matching higher sign up bonuses when you’ve applied for a lower bonus recently.
Things We Want To Know
- If their cards are churnable
- If they combine inquiries when you apply for multiple cards in the same day
- How annual fee refunds work
- If there is a limit to the number of NFCU cards you can hold at one time
- Phone number for reconsideration
- If you can reallocate credit limits and if a soft/hard pull will be done
- If they will pull a different bureau if you have a frozen report
- If they allow product changes
- If they offer retention bonuses
- If you can change your statement closing date
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:
- American Express
- Bank of America
- Capital One
- TD Bank
- US Bank
- Wells Fargo