The Navy Federal Flagship Rewards Card is their “premium” journey rewards card, and it has all the time had some good options for people who wished a single on a regular basis card as a result of it provided a boosted 3X again in journey but additionally a flat 2X again on the whole lot else. As well as, the factors had been instantly redeemable for money (not solely offsetting previous journey purchases).
Nevertheless, the cardboard additionally had a $49 annual payment. The sign-up bonus was normally fairly good and included a free 12 months of Amazon Prime membership ($139 worth), nevertheless it solely promised it for a single 12 months. The factor was, there have been scattered studies that should you stored the Flagship card linked and charged your subsequent 12 months of Amazon Prime on it, NavyFed would nonetheless reimburse you for that second 12 months. But it surely wasn’t official, and testing it out requires paying for one more annual payment, which is a bit dangerous.
Effectively, this “secret” perk is lastly official! I discovered this out by way of an Instagram advert.
I checked and certainly, the applying web page now says that each one cardholders get a “free Amazon Prime® membership (a $139 worth, yearly)”.
Provide applies solely to Amazon® Prime Annual membership that’s paid together with your Visa Signature® Flagship Rewards Credit score Card and posted to your account. Provide isn’t legitimate for month-to-month cost Prime membership choices resembling Prime Month-to-month, Prime for Younger Adults, and Prime Entry. Restrict of 1 Amazon assertion credit score per Visa Signature® Flagship Rewards Credit score Card account, per 12 months. Please enable 6-8 weeks after the Prime Annual membership is paid for the assertion credit score to publish to your account.
The highlights together with present sign-up bonus:
- 35,000 bonus factors whenever you spend $3,500 throughout the first 90 days of opening a brand new card. 35,000 factors is value $350.
- Free 12 months of Amazon Prime membership. Use the cardboard to buy an Amazon Prime annual membership, and so they’ll reimburse you ($139 worth). This now works yearly.
- 3X factors per internet greenback spent on journey.
- 2X factors per internet greenback spent on the whole lot else.
- International Entry or TSA PreCheck payment credit score (as much as $120), as soon as each 4 years.
- No international transaction charges.
- $49 annual payment.
The general catch right here is that with the intention to apply, you will need to first change into a NavyFed credit score union member. Membership eligibility for NavyFed now goes past lively obligation members of the armed forces and DoD staff to incorporate veterans and their fast relations — together with spouses, siblings, dad and mom, youngsters, grandparents and grandchildren.
A smaller catch is that every level is value $0.01, with a minimal redemption 5,000 factors = $50 assertion credit score. There’s a max of $1,500 money again redeemed every year this fashion, and you can even redeem 4,900 factors to offset the $49 annual payment. Typically it will get annoying ready to achieve that $50 threshold. However at 2% money again on base purchases and three% again on journey, it’s not a horrible concept to place some purchases on this card. From the advantageous print:
Visa Signature Flagship cardholders can redeem factors for money (1 level is the same as $0.01). The minimal redemption stage is 5,000 factors for $50 money again. The utmost stage of redemption is $1,500 money again, which is equal to 150,000 factors. Money again rewards shall be credited to your Navy Federal financial savings account.
I don’t understand how NavyFed mathed this one out, but when they preserve this construction then this card strikes solidly into the “keeper” class for people who already pay for Amazon Prime membership, as the cardboard greater than pays for itself every year at $139 vs. $49 annual payment. I additionally recognize the easy rewards system and $120 in the direction of International Entry/TSA PreCheck each 4 years.
Aspect notice: NavyFed shares their guidelines about bank card functions publicly as follows:
Is there a restrict on the variety of Navy Federal bank card accounts I can open?
Sure. Presently, Navy Federal permits every member to be a major cardholder on as much as 3 Navy Federal bank cards. As well as, we’ll approve just one new bank card per member inside a 90-day interval. This implies we’ll decline your utility for a brand new bank card should you opened a bank card throughout the final 90 days. Be aware: House Fairness Line Platinum bank cards and GO BIZ® Rewards bank cards aren’t included on this 3-card restrict.