Posted by William Charles on October 11, 2018
Credit Cards

Published on October 11th, 2018 | by William Charles


[Targeted] Navy Federal Credit Union (NFCU) Offering 100,000 Rewards Points For Home Loans

The Offer

No direct link, targeted offer via snail mail.

  • Navy Federal Credit Union (NFCU) is offering 100,000 rewards points to some credit card holders that close on the purchase of a new home with Navy Federal Credit Union (NFCU) by December 31st, 2018.

Our Verdict

Chase launched a similar style bonus, looks like this sort of thing is becoming increasingly common as cross selling increases. Upside to NFCU vs Chase is that the rates should be more competitive, that being said always do your own due diligence and make sure your getting the best possible rate. A bonus of $1,000 is nice but it’s quickly gone if you’re paying a higher interest rate on your loan.


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Interesting… they only offered me 50K. It arrived in the mail a couple days ago. I already threw it away as I don’t expect to be buying a home anytime soon.

100% financing sounds nice…

My mailer was for 75k. I was also able to find the same offer in ‘My Offers’ when signed into my account online.

In many cases these bonuses rarely make sense because even if you refi your nortgage just for the bonus, you will have to pay all the closing costs which can quickly destroy any bonus you might recieve.

I would only consider a bank with a bonus to do my mortgage with if I was conparing it to another bank and all else was being equal.

Banks will have to waive all closing costs for these to make any sense to churn. Orherwise they are empty promises that make absolutely no sense after doing the math.

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