Risk/Benefit of paying NFCU cc bill in-branch?
Apr 23, 2015, 9:44 am
#1
Original Poster
Join Date: Jul 2014
Posts: 65
Risk/Benefit of paying NFCU cc bill in-branch?
I use my navy federal cc for quite a bit of MS (loading Go prepaid, NFCU buxx, NW buxx) and also use these prepaid debit cards to buy Mo's. As it stands, I've been paying the NF cc with a combination of ~11k total payments from serve and redbird, and mailing Mo's to NF's main payment address for the rest.
A physical branch has opened up near me, and I'm curious whether making payments at the branch would cut down on the amount of time my MO payments are 'held' and my credit limit is tied up (usually 7-10 days from when listed as pending on website). Is it more likely that a human will review my account if I pay in branch with the same payment stub I normally mail? I'd love to hear from anyone with experience paying in-branch.
A physical branch has opened up near me, and I'm curious whether making payments at the branch would cut down on the amount of time my MO payments are 'held' and my credit limit is tied up (usually 7-10 days from when listed as pending on website). Is it more likely that a human will review my account if I pay in branch with the same payment stub I normally mail? I'd love to hear from anyone with experience paying in-branch.
Apr 24, 2015, 7:46 pm
#2
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
Risk?
One would actually be risking nothing to pay an NFCU credit card payment in the branch versus remitting a MO by mail.
Tellers at NFCU only do what is asked of them. If you ask to deposit the MO, that's what they do. If you present a MO as a payment to your CC, they apply it.
Yes, I am an NFCU customer.
Now, perhaps you can help me.
When I purchased the GO prepaid card online, NFCU phone rep by phone told me it would be processed as CA not purchase, even though I didn't note anything, on the website at time of purchase, making the representation that the NFCU CC transaction would be a CA. (This was a trial for me and I didn't see any way at the time to use a rewards CC.)
Surprised that I would be hit with daily interest, the effect of the CA policy, I quickly paid my CC account off. I checked twice before I made this decision.
Is it your experience that the CC transaction for the GO prepaid is coded as a purchase, which is what the rep saw in the beginning when I called? Because when she checked with a supervisor, the answer then was the transaction was to be billed as a CA. I would not take the chance.
Thanks for reply.
One would actually be risking nothing to pay an NFCU credit card payment in the branch versus remitting a MO by mail.
Tellers at NFCU only do what is asked of them. If you ask to deposit the MO, that's what they do. If you present a MO as a payment to your CC, they apply it.
Yes, I am an NFCU customer.
Now, perhaps you can help me.
When I purchased the GO prepaid card online, NFCU phone rep by phone told me it would be processed as CA not purchase, even though I didn't note anything, on the website at time of purchase, making the representation that the NFCU CC transaction would be a CA. (This was a trial for me and I didn't see any way at the time to use a rewards CC.)
Surprised that I would be hit with daily interest, the effect of the CA policy, I quickly paid my CC account off. I checked twice before I made this decision.
Is it your experience that the CC transaction for the GO prepaid is coded as a purchase, which is what the rep saw in the beginning when I called? Because when she checked with a supervisor, the answer then was the transaction was to be billed as a CA. I would not take the chance.
Thanks for reply.
Last edited by jan_believes; Apr 24, 2015 at 8:19 pm
Apr 25, 2015, 6:43 am
#3
Join Date: Nov 2008
Location: BNA
Programs: DL PM
Posts: 8
It is my experience that loading NFCU prepaid products with NFCU credit cards posts as purchases and earns rewards. However, there was a notice on my last credit card statement that these purchases will not earn rewards effective June 1.
Effective June 1, 2015, Navy Federal credit cards will no longer earn rewards for cash equivalent transactions, such as purchasing, loading or reloading Navy Federal Visa Buxx, Navy Federal GO Prepaid Cards and Navy Federal Gift Cards. Rewards program descriptions will be updated and available on navyfederal.org by June 1, 2015.
Apr 25, 2015, 11:46 am
#4
Join Date: May 2014
Posts: 4
A physical branch has opened up near me, and I'm curious whether making payments at the branch would cut down on the amount of time my MO payments are 'held' and my credit limit is tied up (usually 7-10 days from when listed as pending on website). Is it more likely that a human will review my account if I pay in branch with the same payment stub I normally mail? I'd love to hear from anyone with experience paying in-branch.
Apr 26, 2015, 5:35 pm
#5
Original Poster
Join Date: Jul 2014
Posts: 65
Thanks for posting. It looks like I'll be canceling all the prepaid cards, and sticking my credit card in the sock drawer since it's not useful after 6/1.
Apr 26, 2015, 10:33 pm
#6
Join Date: Oct 2014
Location: Northern Virginia
Posts: 89
Yes, much thanks for the heads up on this. I just saw it on my statement too. Looks like my card will be tucked away in the drawer too after May.
Jun 21, 2017, 2:07 am
#9
Join Date: Oct 2014
Posts: 51
I know this is an old thread (bumping a 2 year old thread here), but looks like buying NFCU prepaid products with NFCU CCs will not earn points (since June 2015), but what about them counting towards Minimum Spend Requirement (MSR) for that NFCU credit card?