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Frequent Contributor
Posts: 313
Registered: ‎06-04-2015
0

Re: NFCU secured card

[ Edited ]

special111 wrote:

Gypsy5326 wrote:

I agree with this-it's how I re-started.  Did the $500 secured loan to fund the $500 secured card.  Two reporting lines of credit and it payed off in spades.  Good luck to you! 


I just want to make sure I understand how the secured loan funded secured card exactly? 



put $500 in savings

open $500 secured loan

bank gives you $500 loan check

deposit $500 loan check

use that $500 to fund secured CC

Ch 7 Discharge May 2015: EQ 588/TU 552/EX 570
May 2017: EQ 681/TU 653/EX 666

Discover IT $3800/Target $1300/NFCU CLOC $2000/NFCU Cash Rewards $1000/PenFed Power Cash Rewards $18,000/Total Utilization 17%
Valued Member
Posts: 27
Registered: ‎03-22-2017
0

Re: NFCU secured card

Thats it! 

CH13. Filed 2010, Discharged 2014, All fell off APR 2017.
Current Scores (4/30/17): 799 Transunion, 822 Equifax, 792 Experian
Re-stablished with a $500 NFCU secured loan that funded a $500 NFCU secured CC .
Current: NFCU Rewards (20K), NFCU Signature Rewards (20K), NFCU CLOC ($15k),PENFED Travel Rewards AMEX (20k), PENFED Platinum Rewards (20k), BankAmericard Travel Rewards Visa (20K), BankAmericard Alaskan Air Signature (21k), Barclaycard (15K), Discover Card iT (12K)
New Member
Posts: 13
Registered: ‎01-12-2017
0

Re: NFCU secured card

How do I get a Secured Card? We don't have a NFCU near us.

Community Leader
Senior Contributor
Posts: 5,184
Registered: ‎07-12-2012
0

Re: NFCU secured card

You can apply for membership online as well as apply for the credit card.
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
732 EQ FICO 06/2017
740 TU FICO 06/2017
735 EX FICO 06/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $6.6k Cap1 Quicksilver | $10k Amazon Store | $14k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa

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