"One Of My Favorites!"

cashRewards Visa® Review
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Written by: roughdraft on 2013-05-18

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roughdraft's review: Callout Comment I started with a nRewards when I was in the beginning of my rebuilding phase. I was approved for $5000 and used the card regularly and paid my balance in full in most cases.

I really don't know how long NFCU has had this card, but from its earliest reviews, they date back to about Nov of 2010, so I am thinking that this card has not been around that long. When I first applied for the goRewards card in 2005, this card was not around.

I called NFCU one day about a different topic, and asked if by chance they did product conversions, and the nice rep told me they did. I didn't do it right away, as I was actually kind of interested in their Flagship Visa Signature which I qualified for because the minimum CL for that card is $5000.

I asked for a CLI of $2000 and was approved and then went ahead and called to have this card changed around 4 months ago. The first time, the girl told me it had gone through and that I would receive my card. I checked online and nothing had change. About a month passed and I didn't receive the card. I called back and asked the CSR about my conversion. He said it hadn't fully gone through, but that he could take a look at. The CSR said I was approved for the Visa Signature cashRewards card. I asked if it had an annual fee and he said no. Also, my APR went from 17.49% to 15.65%. The design on the card is actually a little different from the one on their website, plus it says 'signature' under the Visa logo. I checked the next day after speaking to the rep and the change was made online.

You earn 1% cash back on all transactions and 1.5% on all transactions after $10,000. Their foreign transactions fees are only .80% which is really good for a no annual fee card.

Probably the coolest thing about the card is that you earn the rewards as you make your purchases, unlike most cards, where you don't know how much you've earned until your statement has closed, but even better still is that you can redeem your rewards for any amount. So if I made $15 in one month, I can deposit it directly into my savings account where it earns interest. You can use the card, and pay it with its cash rewards, without having to wait for the standard $50 which most cards require. I don't know of any other card that does this.

My only complaint is that last month I saw in my statement that they would no longer offer accidental death insurance ($250,000) if your airline ticket was purchased with them. I called to ask about it, and was told that it was Visa ending it due to a lack of interest...that no one was using it. I thought 'all the more reason to offer it, then' but she confirmed that for me.

2 Comments

Comment 1 by wanderer
Re: One Of My Favorites! User Icon on 2013-05-28

Remarks You did a great job of building your record to receive one of the best cards. Nice job!! Enjoy your score.
Comment 2 by pio
Re: One Of My Favorites! User Icon on 2013-06-03

Remarks NFCU is a great credit union! You were smart getting the cash rewards, and got rid of the nRewards.
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