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Regular Contributor
Posts: 142
Registered: ‎04-07-2017

NFCU GoRewards Approval!

Hey All! 

   I was granted membership to NFCU this afternoon through the navy league and I apped for the GoRewards Visa and was instantly approved for a SL of $1,300 at 18%. Not a huge SL but the second highest I have received since I began rebuilding! 

 

Data Points 

 

FICO 8 - I am actually unsure as to what bureau they pulled but my current FICO 8 scores are TU 606, EXP 606, and EQ 598. My assumption is whatever scoring model they used, it yielded higher scores that the FICO 8.

Income - $5100 monthly household income

Derogs - 2 charge offs over four years old.

Lates - I have a lot of late payments (currently disputing) with AES and FedLoan but they are over 4 years old and happened prior to a forbearence.

UTI - Current UTI is about 30% but with the four new accounts I just opened, it will go down to 12%.

 

I was pretty shocked I was instanly approved but I am extremely happy that I even got in with NFCU. My plan is to utilize the GoRewards card for one of my monthly bills, transfer the cash into my NFCU checking and then once the statement cuts, pay it in full to build a relationship as I am looking to take advantage of their 100% financing mortage option. If anyone has a better recomendation such as leaving a small balance, let me know! 

Established Contributor
Posts: 505
Registered: ‎02-12-2017

Re: NFCU GoRewards Approval!

Hi skighler1 congratulations on becoming a NFCU member & your GoRewards approval!!!Thank you for the data points!
Valued Contributor
Posts: 1,151
Registered: ‎01-24-2016

Re: NFCU GoRewards Approval!

Congrats! In a year you can ask for them to lower your rate as well! With NFCU you aren't stuck with what you start with. 


EX: 745 TU: 753 EQ: 720
Valued Contributor
Posts: 1,844
Registered: ‎10-10-2011

Re: NFCU GoRewards Approval!

Congrats OP on your approval with Navy. I also got approved for the goRewards card today. It was not instant in my care. 

 

Congrats again!


Current Scores 3/2016 Equifax 676 Transunion 697 Experian 648 Goal Scores: 720's accross the board. Gardening Goal: 3/2017
Regular Contributor
Posts: 142
Registered: ‎04-07-2017
0 Kudos

Re: NFCU GoRewards Approval!

What is the best way to use the card to ensure a nice CLI?
Established Contributor
Posts: 531
Registered: ‎02-22-2017
0 Kudos

Re: NFCU GoRewards Approval!

Congratulations and welcome to the NFCU family!

In the wallet:
Amex PRG ~ Amex BCE ~ Discover ~ NFCU Cash Rewards Visa Signature ~ NFCU Platinum Visa ~ NFCU Line of Credit ~ Chase Amazon Prime Visa Signature ~ PenFed Cash Rewards Visa ~ PenFed Promise Visa ~ Fairwinds Credit Union Cash Rewards Visa ~ CapOne QS1 ~ Lowes Store Card

Closed on mortgage 8/9/17!! Woot!
Senior Contributor
Posts: 8,938
Registered: ‎04-23-2016

Re: NFCU GoRewards Approval!

Congrats on becoming a member and getting instantly approved. Honestly i dont think there is a correct way to use your card to insure cli. I think when the time is right, they will give you one if you qualify. Ive seen posters put a lunch on their card in 3 months and dtill get a 15 k increase. Just wnjoy your new puppy and watch it growSmiley Wink
Valued Member
Posts: 68
Registered: ‎10-29-2016
0 Kudos

Re: NFCU GoRewards Approval!

How long did it take from when you applied for membership to get approved? How were you notified?

I just applied on Monday so I am trying to be patient.  I joined through the Navy League, as well.

 

Regular Contributor
Posts: 142
Registered: ‎04-07-2017
0 Kudos

Re: NFCU GoRewards Approval!

I had a little bit of a weird experience. About 4 days after I emailed the app in, I got patient and drove to an nfcu branch where I was promptly told they cannot process navy league applications there. I then called customer service again and they got membership on the line to immediately process the application. On the same call I apped for the go rewards and was instantly approved.
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Community Leader
Super Contributor
Posts: 8,934
Registered: ‎05-25-2015
0 Kudos

Re: NFCU GoRewards Approval!

Congratulations on your new CL! NFCU is awesome! I have the same card and I love it!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards

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