[Rumor] Navy Federal Flagship Rewards Refresh

There are currently multiple rumors circulating regarding Navy Federal Credit Union refreshing the Navy Federal Flagship Rewards card.There are numerous reddit threads (1,2,3) where people have spoken with reps that have ‘confirmed’ the following:

Changes will take place September 10

Annual fee will increase to $95 (currently $49)

Card will earn at the following rates:

4x on travel (currently 3x)

3x on dining (currently 2x)

1x on all other purchases (currently 2x)

$100 airline statement credit (not currently offered, replaces the Amazon prime credit)

Amazon Prime annual credit will no longer be offered

Statement credits (up to $120) for Global Entry or TSA Pre✓ (same as current)

Complimentary GigSky® global mobile data plan (same as current)

Our Verdict

Seems like a downgrade with the increased annual fee, card was an easy keep if you valued Prime membership before.Be interesting to see if the refreshed product offers a higher than normal sign up bonus.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.