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NerdWallet > Rewards Credit Cards > NASA Federal Credit Union Platinum with Cash Rewards
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NASA Federal Credit Union Platinum with Cash Rewards
NASA+Federal+Credit+Union Platinum+with+Cash+Rewards Credit Card

(3/5 - 79 Votes)
Net Annual Rewards
$415
of Cash
Reward Rate
1.00% for first $1,000 /yr then 1.25% until $2,000 /yr, then 2.00%
Annual Fee
$0
Signing Promo
None
APR, variable*
Min APR:
13.90%
Max APR:
17.99%
Default:
18.00%
Intro APR Promotions
Purchase:
None
Transfer:
None
Summary
  • Each year, get 1% for the first $1,000 you spend, then 1.25% for spending $1,001 to $2,000, then 2% for spending above $2,000
About Nasa Federal Credit Union

Compare To Our Most Popular Cards For The Category

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Compare To Blue Cash Preferred℠ Card from American Express

Why do we think you should consider this card?

Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership

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Reward Details & Calculator

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Rewards Type: Cash

Signing Promotion
$0
Estimated Annual Rewards
$21,600 * 1.92%
$415
Annual Fee, 2 yr avg
$0
Annual Rewards (Rewards less Fees)
$415

Calculate Interest & Finance Charges

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Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

Finance Charge, Balance Transfer of $10,000*

Balance Transfer Fee, 0.0%
$0
APR, 24 months
$3,184
Total
$3,184

*Average APR for Balance Transfers of 13.9% includes transfer fees and APR promotions.

Effective Annual Rate, Purchases

Promo EAR, 0 months
0.00%
Ongoing EAR, 24 months
14.82%
Total EAR, 24 months
14.82%

APR Rankings

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APR
13.9%
ranks #1324 out of 1751 cards.
Average is 11.78%.
Balance Transfer Fee
0%
ranks #1 out of 1639 cards.
Average is 1.67%.
Cash Advance APR
N/A

Rewards Rankings

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Annual Fee
$0
ranks #1 out of 1773 cards.
Average is $9.
Base Reward Rate
1%
ranks #69 out of 963 cards.
Average is 0.99%.
Effective Reward Rate
1.92%
ranks #15 out of 958 cards.
Average is 1.04%.
Sign-up Bonus
$0
ranks #1762 out of 1762 cards.
Average is $33.
Credit Card Review: NASA Federal Credit Union Platinum with Cash Rewards


Author:
NERDBOT

Should you get the NASA Federal Credit Union Platinum with Cash Rewards? We'll give you the ins and outs of this card and give you a head-to-head comparison with the Blue Cash Preferred℠ Card from American Express. Also, be sure to check out our interactive credit card comparison tool.

NerdWallet Review: The NASA Federal Credit Union Platinum with Cash Rewards

Credit union-issued card: This card is issued by NASA Federal Credit Union. As a credit union, NASA Federal Credit Union is a not-for-profit institution that is owned by its customers, called members, rather than bank shareholders. Member-owners have one vote each, so someone with a $5 savings account has the same voice as someone with a million-dollar investment fund.

No annual fee: The card doesn't have an annual fee. This means it's ideal for those who don't put much on their cards, and want to keep the card open for a long time. If you keep your credit cards open, you'll boost your average account age and thus your credit score.

No balance transfer fee: The card doesn't have a balance transfer fee, the one-time charge assessed on the money you transfer from a different credit card. This is the type of fee people often forget about, so many banks jack it up to 5% and get away with it. The BT fee is one of those "shrouded" fees to keep your eye on.

Credit Card Showdown: NASA Federal Credit Union Platinum with Cash Rewards vs. Blue Cash Preferred℠ Card from American Express

Same late payment fee: The NASA Federal Credit Union Platinum with Cash Rewards has a late fee that's the same as the one on the Blue Cash Preferred℠ Card from American Express. In theory, you should avoid incurring late payment fees altogether. Besides having to pay a one-time charge, but you may incur a hefty penalty APR that lasts for at least six months.

Smaller signup bonus: Since the card's signup bonus is smaller, you leave some money on the table to begin with. Of course, that isn't the only thing that matters about a card, but still, good to know.

Read the full review of the Blue Cash Preferred℠ Card from American Express on our blog

  • http://mattjacob.com Matt Jacob

    I think you’ve got this wrong: the tiers aren’t by MONTH—they’re by YEAR!

    This is taken straight from NASA FCU’s site:

    Start earning CashRewards today! Rebate is based on net annual purchases as follows:

    * 1% rebate for purchases up to $1,000
    * 1.25% rebate for purchases from $1,001 up to $2,000
    * 2% rebate for purchases from $2,001 or more

    So, it’s actually a much better deal than advertised. Everything after $2,000 on the year gets 2% back.

  • Interested

    Does this card have any fees for foreign transactions?

  • Interested

    Looks like it takes a detailed comparison with another card to show the Int’l fee: 1%

  • Heronva

    I called Nasa Federal Credit Union yesterday about the great cash card credit card. The cash rebate is actually a gift card sponsored by Visa. The rebate is sent out annually. The representative did not know if a fee was attached to using the gift card, she just stated it can be used where ever Visa is used.

    • Cash Back Junkie

      I applied and received this card a few months ago. The sign-up process is a much more like a true underwriting process, you’ll need to provide pay stubs and w2 and your application goes through the Loan approving committee. You’ll also need to open a fee-free saving account with min $5 deposit first, and in order to open the savings account; you’ll first need to ‘join’ one of the free NASA related organizations. It sounds like a lot of work, but it’s all streamlined. Join Free Organization, then Open Savings Account, then Apply for Visa Card.

      I figured it’s worth the additional work for the great cash back return. As for the cash back, the customer agreement that came with card states that the cash back will be applied directly to my statement on an annual basis.

      Lastly, the program works as described, 1% on 1, 1.25% on 2K 2% on remaining amount through your 12 month annual billing periods.

      Hope that helps.

      • Heronva

        Yes, I agree with your analysis of the signup; however, I believe you may find that the annual redemtion comes in the form of a Visa giftcard and not cash or currency as with most cash credit cards.

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