Posted by William Charles on May 15, 2017
Credit Cards

Published on May 15th, 2017 | by William Charles

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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
  • MoreRewards:
    • No annual fee
    • Sign up bonus of up to 30,000 points (worth $300)

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:



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bluecat
bluecat

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
Shawn

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
bluecat

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.

feng
feng

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

icemule1
icemule1

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
Andrew

> 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
Andrew

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
icemule1

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.

Ann
Ann

Old comment, but FYI: All credit union memberships require a *savings* account to start with. Everything else, including checking, is optional.

saronne
saronne

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.

saronne
saronne

oops- I left out even if you apply for both on the SAME DAY they pull 2…

Tom
Tom

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

Greg N
Greg N

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
Greg N

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
sonia

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

Greg N
Greg N

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.”

Tom
Tom

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.

WLT
WLT

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

Al
Al

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

Sonia
Sonia

Any idea what rewards will be like?

Shawn
Shawn

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.

Sarah
Sarah

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.

Eric
Eric

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.

NS
NS

Eric, if you don’t mind my asking, what were your FICO scores when you applied with NFCU? Were they above 700?

Eric
Eric

It was 740. NFCU pulled TU. EQ was much lower…. 685. BOOOOOO!!!!!

Eric
Eric

Corrections: 740 TU; 685 EX, 741 EQ

saronne
saronne

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

Anon55
Anon55

On a thread in myfico forum, a person saying he is a reservist with a FICO Score of 790 said he was denied his app for a credit card on the basis that he was not active duty. (And after doing a HP.) Is this true that NFCU will only approve CC for active duty members? Has anyone who is not active duty recently been approved for a CC?

Zhel
Zhel

A few months late, but I apped last night and was approved for their cashReward card.

Non-military, new NFCU member, sponsored by sibling. ~710ish scores with thin credit file. 2k limit.

Ken
Ken

How’d you get approved if you’re non-military?

Snorlax
Snorlax

They said they were sponsored by their sibling, if a sibling is a member you’re eligible.

Orin
Orin

I am not active duty and got approved (a year ago)

petitesybarite
petitesybarite

i’m thinking about signing up for a credit card, prob the flagship rewards. with all the other no AF 2% cards out there (fidelity visa, paypal MC, citi doublecash), are they reasonable about waiving the AF year 2 onwards?

i’ve heard they offer nice high starting limits for cc’s. i recently joined and i like that the cards have no cash advance fees or FTFs. just not sure if it’s worth the AF or if they’ll waive it given the other cc’s out there.

Guybucktastik
Guybucktastik

Max number of credit cards an NFCU memeber can have is 3.

Orin
Orin

How do you know this?

Joe
Joe

I joined NFCU – which I’ve been meaning to do for over a year now but never got around to before – today as a civilian member (my father was a Marine aviator in the early 1960’s and I provided copies of his service record to prove eligibility). You get share savings and basic checking (I chose “Everyday” checking, which is free) by default on the application, and as far as I know I didn’t get a hard pull (the rep told me they pull EQ for membership, so I’ll watch to see if anything pops up).

When I got back to my office – I was on my lunch hour – I set up my online account and then applied for the cashRewards visa. The process was quite rapid, and I received notice that my application was approved via text message within half an hour. I don’t know what my credit limit and APR are just yet, since the application is still being finalized, but I ought to get that information by tomorrow afternoon. Please note that the data points for the cashRewards on this page need to be updated in at least one respect; currently, the sign-up bonus is $100 for $1,000 (not $3,000) spend in the first 90 days after account opening.(This is one reason I chose it over the Flagship, which requires $3,000 spend in the same period to get the bonus points, as well as the fact that the cashRewards has no annual fee – I’m not a big fan of AF cards.) TU was hard-pulled, by the way.

I’ve been advised that NFCU now does quarterly account reviews (“AR’s”) with soft-pulls of EQ, which are good opportunities to try for soft-pull CLI’s (and I was told, or so I remember, that there may be quarterly offers like Penfed’s as well),

tribesman55
tribesman55

Did you have to call to join or did you apply online?

Zach
Zach

I applied and was approved for a credit card. I then applied for another within 30 days and was not approved saying my first credit card was too now.

Zach
Zach

I have confirmed they will only approve one credit card within 91 days. You must wait to apply for another.

Orin
Orin

Might be useful DP:
You clan ach push from chk acct without trial deposits or other bank login credentials. No fee. No ach pull option.

This has been useful in a couple odd circumstances.

Gretchen
Gretchen

I have been a member for a long time. Their CD rates are sometimes good, but I have had issues. The worst thing they have done is sent incorrect information to the IRS about IRA contributions. I got a letter from the IRS two years after filing that I owed thousands of dollars as a result of the NFCU error. Of course it was fixed when I sent in proof of the contributions, but I was really angry. NFCU sent out a letter months later saying that they had messed up, and many people were affected.

Dan
Dan

after being open for 1 year, converted my flagships to a cash rewards card. during my conversion call i asked about their policy of refunding the annual fee after its charged and they said they will refund if the card is canceled or converted within 1 month of the fee

Dan
Dan

card does not need to be open for 1 year to do product conversion. significant other had one open for 6 months and converted to another product

tribesman55
tribesman55

Does MS work for meeting spend for bonuses on NFCU cards?

Dan
Dan

Approved for my 3rd navy federal card. This is my 2nd time getting approved for flagship card, previous one was converted within a year of opening. Navy federal cards are churnable and i currently have 3. I am also listed as an authorized user on a 4th one (that one displays in my online account as well)

Ann
Ann

Note from other comments last year, NFCU only approves CCs with at least 91 days in between each, and might have a limit of 3 NFCU CCs (not counting authorized user cards).

bkkkkkkkkk
bkkkkkkkkk

How far apart did you apply for the NFCU cards? Did you receive 50K bonus each time after completing spend?

creditGuyInDixie
creditGuyInDixie

Does Dan or anyone else know the answer to Bkkkkkkkkk’s question? I’ll flesh it out in more detail. Suppose you open a Flagship card on April 15, 2019 and get the bonus on July 30.

When could you apply for your next Flagship card and be eligible for the promotion again?

Could it be as early as a few months after getting the first bonus? Should a person instead wait 12 months — and if so is that 12 months after opening the first Flagship or 12 months after obtaining the bonus?

James ST
James ST

Data Point: called my nfcu rep (idk she called me shortly after being approved for membership) and did the app for the signature rewards card via phone and she was able to waive the 12.99 expedited shipping fee.

slowbrake
slowbrake

NFCU data points 7/2/2019:

Called to cancel Flagship rewards 4 days after annual fee posted.
They recommended a product change to keep my credit limit
They will waive the fee, but state it will be few days before it comes off. A supervisor had to be asked to waive the fee – which was done while I was on the phone.
They allowed me to choose if I wanted a Visa or MC cash rewards card (the product I switched to)

Leonard
Leonard

I recieved an email with a link to access my card number the day after I was approved.

A phone customer service representative said you have to wait 90 days after joining the credit union to be approved for a card. They also said that beginning on August 26, 2019 you can call in to see if you are pre-approved for any of the cards (This can only be done over the phone).

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