Update 1/3/24: 35,000 points + free year of Amazon Prime ($139 value) is back. Hat tip to reader Cole S
The Offer
- Signup for the Navy Federal Flagship Rewards Visa Signature card and get 40,000 points after spending $3,000 within 90 days and a year of free Amazon Prime.
Card Details
- $49 annual fee
- No foreign transaction fees
- 3x on all travel purchases which includes many leisure/entertainment categories too (includes: airline and train tickets, hotel stays, car rentals, travel agencies, cruises, campgrounds, RV parks, timeshares, tourist attractions, boat rentals, airports, motor home rentals, ride-sharing services, bridges, tolls, ferries, parking, bus lines, limos, taxis commuter transport, public golf courses, aquariums, amusement parks)
- 2x everywhere else, no maximum
- Statement credit of $100 for Global Entry or $85 for TSA Precheck once every 4 years
- Points are worth $.01 per point to redeem as cashback, all other redemptions have the same value as well
- Standard Visa Signature benefits and other benefits
Our Verdict
Previously the highest bonus has been 50,000 points. This is 10,000 points less, but does come with the Amazon Prime membership. We haven’t seen the 50,000 bonus in some time. Points are worth 1¢ each.
Navy Federal is only available for military and veterans – full eligibility information can be found here (plus family members. Even if they are deceased). Keep in mind that joining NFCU is a hard pull, it’s possible you’ll land up with two hard pulls if you join and signup for the card, but hopefully those will be combined. Learn more about Navy Federal credit cards in the post Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know.
Post History:
- Update 9/23/22: The public offer is now at 35,000 points after $4,000 spend; this time it comes with a free year of Amazon Prime as well ($139 value). There’s also a targeted version being sent out for 60k after $5k spend + free year of Amazon Prime; check your emails for Subject: You’re Preapproved—Earn 60K Bonus Points. (ht Sonja)
- Update 11/8/21: Extended until Jan. 03, 2022. No prime this time. Hat tip to Roger Pavlik
- Update 9/2/21: Extended until Nov 1, 2021.
- Update 7/11/21: Make sure to change your default payment method to NFCU before ordering year of prime, because you’re not given the option to make the change before the purchase goes through.
Got the card back early January 2024. Used it to fund new checking account, but didn’t realize (until today) that transaction did NOT count toward minimum spend. Luckily noticed in time, and have other organic spend to meet spend requirement Whew!
I was turned down for this card. 800 + FICO score.
Reasons:
Balance status of NF accounts
Insufficient variety of secured loans
Length of NF membership
Direct deposit status with NF
Number of inquiries on credit bureau report (I’ve opened 1 other card in the last yr)
Waste of a hard pull. Beware!
*Offer valid as of January 8, 2024. Available to the original recipient of this offer email only; not intended for forwarding or sharing. To qualify for the $50 bonus, members must open a new EasyStart Share Certificate beginning January 8, 2024 and complete a total of three (3) automatic/recurring transfers by April 30, 2024. All EasyStart terms eligible: 12-month, 18-month, and 24-month. Share certificates only. A minimum opening deposit of $50 is required at account opening. Available automatic/recurring transfer frequencies: weekly, biweekly, and monthly. Primary account holders 18+ years of age and original offer recipients only. Special EasyStart Certificates are not eligible for this offer. Manual/one-time transfers are not eligible for the offer. Other offer exclusions include IRA and ESA products; Navy Federal Business Solutions accounts; and Navy Federal Trust accounts. The qualifying $50 bonus will be credited to the primary owner’s share savings account by May 31, 2024. Penalties apply for early withdrawals from the certificate, including any earned dividends. Members may consult a tax consultant or obtain legal advice regarding any tax implications related to the dividend or bonus. Taxes related to the bonus are the member’s responsibility. Navy Federal does not provide tax advice. Limit one $50 EasyStart Share Certificate bonus per member Access Number. Annual Percentage Yield (APY) for accounts – EasyStart Certificate 12-month term 4.95%, 18-month term 4.45%, 24-month term 4.15%. APYs are accurate as of 12/12/2023. Other restrictions may apply.
I assume the Amazon Prime deal is just a matter of paying the Prime fee with this card (and you have until 1/1/2025 to do that, it looks like). Any issue with paying for Prime that is in the name of a spouse? I wouldn’t think so, but they may require name match so that you can’t sell this benefit to someone else.
Nope. Paid P2s Prime with my card, received statement credit a couple days later.
Anyone have any data points on repeat customers? I had this card in 2019 and again in 2022 (closed July 2022), both times taking the SUB and walking after a year.
I did yesterday get an email inviting me to apply for $350 SUB, but it was for the Cash Rewards card (which comes with Walmart+). Not interested in that one, although given its the same SUB and $49 cheaper to acquire maybe I should be.
seems like nfcu memory of past transgressions is
Chuck years. Approved-shockingly.
Got targeted for the 60k offer last year so might be worth waiting for a higher SUB. Got the 50k offer about 6 yrs ago as well and was able to churn the offer last year. The first time I had the card, it was the first yr they had free Amazon Prime and I somehow was able to get it for free for the following 2 years when I renewed and kept my card. Kept the card because I felt it was worth the very low $49 fee for a flat 2% cb for all expenses and 3% cb for travel related expenses. Only canceled because I had a lot of other cards to put spend on at the time and wanted to know if I could churn this card. Not sure of the churn cycle but I waited about 2 yrs since closing and got the SUB again last yr.
Nothing related to this offer is “free”. What a joke.
Members have an offer for 50,000 points and a free year of Prime.
Where do you see this at?
May be targeted, I’m logged in and see 35k, same with being logged out in incognito.
Email
What’s the subject line?
Ready to Earn 50K Points + 2X Points on EVERY Purchase?
Navy Federal also sent a targeted email yesterday asking me to refer friends to their credit cards.
Subj: Do You ❤️ Your Navy Federal Credit Card? Refer an Eligible Friend or Family Member!
Here is a link to the FAQ & PDF terms: https://nfcu.promo.eprize.com/referafriend23/faq.html
Unfortunately, this will not bypass the credit union eligibility requirements to become a member.
Is the referral any better than this SUB?
Nope. Same offers.