11-08-2013 09:24 AM
11-08-2013 09:44 AM
11-08-2013 09:51 AM
I've had my NFCU account since June. Can someone tell me how long to wait until I should request and increase on my cash rewards card?
Also, do you know how much the usage/balance affects the decision? I was planning on paying it down but haven't been able to. It's up around 75%.
Do they take that into account when asking for an increase? I've made all payments on time.
As always YMMV but, usually wait 90 days and from past stories utilization doesnt seem to matter. If you were planning on paying it down I would and then ask. Can't hurt to have a lower util.
11-08-2013 10:06 AM
11-08-2013 10:27 AM
I was thinking about waiting until Dec. which would be around 6 months. Is it usually an immediate decision without a HP?
My thing with paying it down was this...I'm not sure what's better for credit score...paying OFF one card, or paying down a few. I know having a zero balance reporting is better than having all cards reporting balances, so I am trying to figure out whether or not to pay down my NFCU card or just completely pay off another one. My CL on my other cards are no where near the NFCU card so it would be much easier to pay off.
Pay off the other cards and leave a small balance on the NFCU card.
11-08-2013 10:30 AM
you always get a review information screen... that doesn't mean it's going to be HP.
What is your limit? if you are at 75% and your limit is just $1500 I would say go ahead and request but if your limit is $10k and you are at 75% maybe get it down a bit... big difference.
11-08-2013 10:37 AM
11-08-2013 11:15 PM
Ok hi everyone,
im new here sorda, but i have been reading through these forums trying to rebuild my credit and this information is awesome!!!! Im currently with navy fed and i applied for my nRewards a month a go with a 7k limit. Now i was of course gonna be curious and press the luv button of CLI and its a no go sad days but of course i would expect that with only being the card holder for a month. Im trying to rebuild my credit right now and need to balance out my UTIL but i keep getting denied for everything does anyone have any suggestions on how to go about this.....
11-09-2013 04:45 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.