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Update: Some offers mentioned below are no longer available. View the current offers here – Visa Signature Flagship Rewards
One credit card I have wanted to take a look at lately is the Visa Signature Flagship Rewards from Navy Federal Credit Union. Right now, the card is offering a lucrative sign-up bonus of 60,000 points when you spend $3,000 within the first 90 days of opening your account.
Credit Card Details Include:
- Earn 60,000 points when you spend $3,000 within the first 90 days
- Earn two points with every $1 of net purchases
- No limit to the points you can earn
- Visa Signature benefits
- No annual fee for the first year, then $49 annually
Those 60,000 points are enough for up to $600 worth of plane tickets. You can start redeeming at 10,000 miles at a rate of 1 cent per mile (non-travel redemptions such as for gift cards and statement credits are only at the rate of 0.5 – 0.75 cents per point).
You can redeem your miles at the following rates:
- 15,000 points for $150 round-trip airline ticket
- 30,000 points for $300 round-trip airline ticket
- 50,000 points for $500 round-trip airline ticket
Since this is a Visa Signature card, it offers all the Visa Signature perks which including: auto rental collision damage waiver, travel and emergency assistance, the Visa Signature Hotels program, travel accident insurance, lost, stolen and damaged card protection, lost luggage reimbursement, roadside assistance, purchase security and warranty protection, Sonoma Wineries amenities, and concierge service. For full details on all the Visa Signature benefits, check out my post on Top 10: Visa Signature Cardholder Benefits.
Another great thing to consider for those with a lot of Amex and Chase cards is that this card is coming from the Navy Federal Credit Union, so if you have a lot of cards from other issuers, you can still take advantage of this offer and it could be a good complement to another fixed-value card like the Barclaycard Arrival (whose signup bonus is worth $440 towards travel) since you can use those miles on any travel expense such as train or bus tickets, whereas with this card, your points are best put towards airline tickets. Plus remember that when you redeem points like these for plane tickets, it’s just like purchasing them with cash, so you still earn award miles and elite-qualifying miles on your travel.
To get the card, it looks like you have to join the credit union, which you must be at least 18 years old to do online and provide the following information.
- Social Security number
- Driver’s license or government ID
- Current home address (if at current address for less than two years, then provide previous address also)
- Credit card or bank account and routing number to fund your account (if applicable)
- Current email address
Those eligible include:
All Department of Defense (DoD) uniformed personnel—Army, Marine Corps, Navy and Air Force retirees and annuitants
All United States Coast Guard personnel—including active duty, civilian employees, retirees and annuitants
All Department of Defense Reservists—Army, Marine Corps, Navy and Air Force retirees
All Army and Air National Guard Personnel—civilian employees, retirees and annuitants
All Delayed Entry Program (DEP) Personnel
All DoD Officer Candidate programs—Midshipmen and cadets at the United States Naval Academy, United States Military Academy, United States Air Force Academy, United States Coast Guard Academy and the United States Merchant Marine Academy; Other Officer Programs
U.S. Government employees assigned to DoD installations (including Coast Guard)
All DoD civilian employees—including retirees and annuitants
DoD contractors assigned to U.S. Government installations
Family Members—including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren) and household members. Once your family members have joined, their family members are also eligible for membership.
To determine if you are eligible you can use their Membership Eligibility Wizard or call 1-888-842-6328.
So while this card isn’t for everyone, if you are eligible, this could be a great way to secure $600 worth of airline travel and keep your options open for applying for other cards from the major issuers. Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.