Many readers report getting an email from Navy Federal (NFCU) about their cashRewards card that it will now earn 2% cashback on all purchases.
Email Subject: (Firstname), Unlimited 2% Cash Back: You Just Got Upgraded! 🎉
Previously the card earned 1.5% cashback everywhere, or 1.75% with direct deposit. Select customers now have an offer to get an additional .5% bonus on all purchases. (Not clear if direct deposit customers will get 2.25%.)
For now this is 2% everywhere card for those targeted. I’d guess they are piloting this with some users as they consider updating the card to earn 2% for everywhere, we’ll see. The public landing page still shows the 1.5% rate.
The card has no annual fee and no foreign transaction fee. It also has a nice signup bonus of $300 and signup bonus of a potential $98 Walmart+ credit.
Navy Federal is only available for military and veterans – full eligibility information can be found here (plus family members. Even if they are deceased). Learn more about Navy Federal credit cards in the post Navy Federal Credit Union (NFCU) Credit Cards: List, Best Cards & Things You Must Know.
I received the email about the upgraded earning rate in July.
I received an email a couple of weeks ago and then received a mailer yesterday stating the 2% cash back. Comes at a great time, as the Paypal Mastercard dropped to 1.5%, so now I will use NFCU as the catchall card.
Hopefully they now decide to upgrade the Flagship. Maybe 3x(%) on everything? That would be very nice indeed, lol!
That would be a compelling card.
3x will be great but at least if they give 2.5x it’ll be doable for them
The rumor is it would be 4x travel/3x dining/2x everything. But the AF would go up to $95/yr or $150/yr. It was a “survey” done late last year though so not sure what the progress on that change was. The 2% cash rewards survey was also done quite a while back too though.
Already used Flagship as the catchall – AF is tiny and the bonused cat + Amazon prime reimbursement was compelling enough.
Would be happy to pay more for the AF to get travel boosted to 4x and dining boosted to 3x. For now I’ll hold until AF then downgrade to moreRewards
Similar to my Wells Fargo active at 2% back. Came with a bigger bonus thanks to the premier checking account.