I am thinking about obtaining a new credit card and received a targeted offer with a 0.99% APR and a $400 SUB on $4000 spent. I am looking towards the $200 SUB with a $1500 investment.
This is my current stack:
Amex Blue Cash
Amex Everyday
CSR
Chase Freedom x 3
Chase FU
Citi Custom Cash
Barclays Uber
Cap One QS
Discover IT
Vantage West More Rewards
I’m looking for a card with good benefits and a no-fee extended warranty.
Any reason not to get this card? Interested in opinions on maximizing SUB and benefits.
The Navy Federal More Rewards card has some great perks, like no annual fee, high rewards rates on groceries, gas, dining, and transit, plus no foreign transaction fees. However, it’s only available to Navy Federal Credit Union members, may have limited international acceptance due to being American Express, and doesn’t offer a 0% intro APR. Given your current card lineup, you might want to weigh if these benefits fit well with what you already have, especially if you’re focused on maximizing sign-up bonuses and extended warranty perks.
I have an issue with More Rewards, mainly regarding the minimum redemption of rewards. At the time, I didn’t even know what the minimum was, but I did have more points than that. It’s been a while since I last used it.
Also, I’m not sure if the rewards points are separate from the Flagship program, and that might be another concern.
While the Navy Federal More Rewards card has some appealing features, I’ve found several reasons why it might not be the best fit for me. First, the card is primarily geared towards earning points on specific categories like groceries, gas, and dining, which means if my spending habits don’t align with these categories, I might not maximize the rewards. Additionally, while it offers 3x points on those categories, I prefer cash-back rewards, which are often easier to use and understand. The card also requires membership in the Navy Federal Credit Union, which could be a barrier if I don’t meet their eligibility criteria. Lastly, even though there are no annual fees, I need to consider whether the benefits and rewards justify the potential hassle of managing points and redeeming them effectively. Overall, if I’m looking for a straightforward cash back or if my spending doesn’t match the card’s bonus categories, I might want to explore other credit card options.
When I was evaluating credit card offers, I found it crucial to balance the value of the sign-up bonus (SUB) with the card’s long-term benefits and fees. The 0.99% APR and $400 SUB on $4000 spent seems attractive, especially if you can meet the spending requirement without straining your budget. Given your current stack, adding a card with no-fee extended warranty could complement your existing cards. However, ensure the new card doesn’t overlap too much with the benefits of your current cards and that it aligns with your spending habits. Evaluate the card’s ongoing rewards, benefits, and any potential fees to ensure it offers value beyond just the SUB.