12-26-2012 01:36 PM
Thanks fro the reply Moving Forward!
My monthly payment is around $300 right now and I plan in using these cards as my primary cards so I can get cash back on all my purchases and then just pay in full every month with my debit card. Also, thank you so much for your story!
12-26-2012 01:54 PM
12-26-2012 10:57 PM
Thanks Revalate! That sounds like a great idea! When do you think I should try to app with NFCU?
Tomorrow morning .
No need to wait on that one though if you're planning to apply for a new credit card or two in the near future, I'd wait till after making those applications and getting a response; however, from a FICO perspective the earlier you open it the better though admittedly a swing of a few days or a week makes no difference even a year from now let alone in a longer timeframe.
If you don't need the cash in the near future for college or other expenses, I'd try a term of 3-4 years if you can swing it. Not sure what NFCU's rates are but I know my USAA secured loan is at an effective 2% above their CD return rate, and I'd estimate NFCU's is similar.
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