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Holy NFCU!!

Frequent Contributor

Holy NFCU!!

Hey!

I just joined Navy Fed a couple weeks ago and finally made my first deposit into my savings and checking accounts. $50 each, total 95 (minus 5 for membership fee or whatever it is).

I set up direct deposit through my employer and it was supposed to go in tomorrow for the first time. Well, i got my paystub, and it isnt going in for another two weeks. I have been waiting to apply for a NFCU Credit Card until the direct deposit went through, in hopes of convincing them I had constant income. I also wanted to apply before the end of the month to take advantage of their 0% BT for my capitol one card.

 

I decided to call in and tell NFCU what happened, and tell them I wanted to apply anyways. I applied for the Flagship Signature Visa Card because I noticed it would be a $5000 minimum credit line, which would be my highest limit yet, by about $3500. Sure it has an annual fee, etc. but again, the 5k was what i was shooting for. During the application I was waiting for super nice associate as always to ask me what limit I was applying for,....THat question never came so I was a little worried.

 

She submitted the application on the phone and about two minutes later she said.....CONGRATULATIONS, YOU HAVE BEEN APPROVED FOR THE FLAGSHIP CARD WITH A STARTING LIMIT OF $12,500!!!! I played it cool on the phone, but in my head I was going crazy. 11.?? APR + prime (not exactly sure what that means but ill look into it).

Im a big "believe it when i see it" kind of guy, so I will be looking at my accounts and waiting til i see the card in the mail with that limit, but if true, I am very estatic about this siutation!

 


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 1 of 40
39 REPLIES
Frequent Contributor

Re: HOLY NFCU!!

Ps. Has anyone had this happen, and then they reverse their decision or change the limit or anything weird??? I would be so bummed.

 

I also asked her if they report the limit, and she said they do.

 

SHOULD I APPLY FOR THE LINE OF CREDIT "LOAN" WHILE I AM AT IT, OR WAIT???

 

THANK YOU


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 2 of 40
Frequent Contributor

Re: HOLY NFCU!!

Large credit limits are notoriously their thing.  I don't think you should worry about it disappearing.

2011: EQ 580~
2012: EQ 620~
2013: EQ 641, TU98 645, TU04 635, TU08 635, EX 648 (lender)
Closed on first home 4/25/13.
Message 3 of 40
Mega Contributor

Re: HOLY NFCU!!

CONGRATS!!!!

 

How is their LOC set up?? I'm with PSECU and have their combo Visa/LOC combined limit of 12,000. Do they combine your CC limit and LOC or are they separate?




EQ FICO 548 3/3/16
Message 4 of 40
Valued Contributor

Re: HOLY NFCU!!

The LOC reports as a separate CC.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 5 of 40
Frequent Contributor

Re: HOLY NFCU!!

From what I understand, the LOC is a separate line of credit and you sign documents similar to a personal loan. It is in case you write a check for $2000 when your checking account only has a balance of $1000, the remaining $1000 will be taken off your LOC and your check will go through. It reports to the credit bureuas as well thats why I am interested in it. It is also another hard inquiry. ANywhere from 500-10,000.

 Could be off on that info, but i believe it is similar to that.


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 6 of 40
Established Contributor

Re: HOLY NFCU!!

Thats awesome!!  Congratulations!!  Smiley Happy


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Message 7 of 40
Frequent Contributor

Re: HOLY NFCU!!

THANK YOU SO MUCH! I am hoping once my scores improve, this will give me some leverage into applying for a CHASE Prime card or two


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 8 of 40
Established Contributor

Re: HOLY NFCU!!


dddfresh wrote:

Hey!

I just joined Navy Fed a couple weeks ago and finally made my first deposit into my savings and checking accounts. $50 each, total 95 (minus 5 for membership fee or whatever it is).

I set up direct deposit through my employer and it was supposed to go in tomorrow for the first time. Well, i got my paystub, and it isnt going in for another two weeks. I have been waiting to apply for a NFCU Credit Card until the direct deposit went through, in hopes of convincing them I had constant income. I also wanted to apply before the end of the month to take advantage of their 0% BT for my capitol one card.

 

I decided to call in and tell NFCU what happened, and tell them I wanted to apply anyways. I applied for the Flagship Signature Visa Card because I noticed it would be a $5000 minimum credit line, which would be my highest limit yet, by about $3500. Sure it has an annual fee, etc. but again, the 5k was what i was shooting for. During the application I was waiting for super nice associate as always to ask me what limit I was applying for,....THat question never came so I was a little worried.

 

She submitted the application on the phone and about two minutes later she said.....CONGRATULATIONS, YOU HAVE BEEN APPROVED FOR THE FLAGSHIP CARD WITH A STARTING LIMIT OF $12,500!!!! I played it cool on the phone, but in my head I was going crazy. 11.?? APR + prime (not exactly sure what that means but ill look into it).

Im a big "believe it when i see it" kind of guy, so I will be looking at my accounts and waiting til i see the card in the mail with that limit, but if true, I am very estatic about this siutation!

 


Congrats man--knew you wouldn't be able to wait long!  They're a little more cautious with the Navchek, but if you don't have any baddies you should be golden.

 

P.S. - Navchek is 15k max.

   
FICO Scores 800+
Message 9 of 40
Frequent Contributor

Re: HOLY NFCU!!

It was so hard to wait haha. Is NavCheck/LOC worth it?


9/2013: Fico EQ 676, EXP 686, Fico TU 686.
NFCU Flagship Sig. $14k..NFCU CashRwdsSig $14k..NFCU LOC $12.5k..USAA Amex 4k..AMEX Green NPSL..Discover IT $1.5k...BofA Cash Rewards123 $2.5k...Southwest Premier $2k..Chase Freedom $1.5k..CareCredit $3.5k..Cap1-$1.5k..HSBC $300...Lowes $1.5k...WalMart $1.5k...JCP $1k..Chevron $1.1k..Kays/Jerrod - $5k split. around 8% Util. Want to get in the 700's in 2013! Have three old paid charge offs. 15-20inq.. LAST APP 8/29/13
Message 10 of 40