VIENNA, Va., July 3, 2014 /PRNewswire-USNewswire/ -- In honor of Military Appreciation Month, Navy Federal Credit Union gave away over 11 million total credit card rewards points to members making purchases at military commissaries and exchanges. Navy Federal members shopping at qualifying locations in the month of May – Military Appreciation Month – received double the usual amount of rewards points for all purchases. The bonus rewards points awarded during the month had a collective value of 130 round trip flights from New York to Brazil, home of this year's World Cup. The total points were also equal in value to a new luxury sports car or a down payment on a sizable home.
"Offering these bonus rewards points and now 1.5 percent cash back on everything for our cashRewards card are great ways to add value to the cardholder experience, while also giving special thanks to our military members," said Randy Hopper, vice president of credit cards at Navy Federal.
Navy Federal developed the May bonus program as one of several ways to recognize and thank the broader military community. The credit union also offered members a host of other unique specials for Military Appreciation Month, including:
- A Military Appreciation Certificate with a 12-month term, a $25 minimum balance and a $5,000 maximum balance
- A $50 bonus for referring a new member from the armed forces, DoD civilians, DoD contractors or their dependents
- A $50 bonus for opening a Navy Federal Active Duty Checking Account
- $300 back in cash for an auto refinance (providing the loan was previously with another lender)
About Navy Federal Credit Union: Navy Federal Credit Union is the world's largest credit union with $59 billion in assets, 5 million members, 247 branches, and a workforce of over 12,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Duty, civilian and contractor personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org.
Contact: Raleigh Miller
Phone: (703) 206-4938
SOURCE Navy Federal Credit Union