Reply
Contributor
NinComPoop
Posts: 93
Registered: ‎03-14-2009
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card


haulingthescoreup wrote:

NinComPoop wrote:

Just found out I was approved with NFCU for $5K!!! This month has been great! Now I have NFCU, Nationwide, local CU, and Household as my remaining open accounts. I also plan on applying for an auto loan within the next few months. I don't need any additional credit cards, so that's the end of my app spree. When do you suggest I close HHB? I don't want to pay the $59 annual fee, but if it'll lower my score I'll keep it open for now...

 



Looks like you have three open revolving accounts plus the HSBC. Since you don't want to pay the fee, I'd plan on closing it the month before the fee is due again.

Stop using the card 2-3 weeks before this point. Pay off your balance online about 5 days before you plan to close it. If it's like my Best Buy store card, it won't credit you for three days after you pay, so keep that in mind. Do a screenshot of the $0 balance, and when you call them up to close, be sure to request that they send a letter confirming that there is a $0 balance on the account. Save that letter and the screenshot in your files, just in case they try to pop up some extra charge after you've technically closed. If you can still access your account after closing, check it twice a month for the next several months, just to be sure. Nothing like getting lates reported on a fee that you didn't know was there. :smileytongue:

Congrats on the new approvals! Things are definitely looking up.
After reading some other posts, I have noticed that there are suggestions that having CU only cards will not give you the best fico possible. Reading some posts about Nationwide, i'm under the impression that it reports as Nationwide CU on your CR. Can anyone verify this? Also, if that is the case that will leave me with my local CU, NFCU, and Nationwide if I cancel HHB. So at the risk of having only accounts with what fico scoring would consider on CU accounts, should I just hang on to HHB for now? I just paid the annual fee on 12/27.

 

Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

[ Edited ]

NinComPoop wrote:

haulingthescoreup wrote:

NinComPoop wrote:

Just found out I was approved with NFCU for $5K!!! This month has been great! Now I have NFCU, Nationwide, local CU, and Household as my remaining open accounts. I also plan on applying for an auto loan within the next few months. I don't need any additional credit cards, so that's the end of my app spree. When do you suggest I close HHB? I don't want to pay the $59 annual fee, but if it'll lower my score I'll keep it open for now...

 



Looks like you have three open revolving accounts plus the HSBC. Since you don't want to pay the fee, I'd plan on closing it the month before the fee is due again.

Stop using the card 2-3 weeks before this point. Pay off your balance online about 5 days before you plan to close it. If it's like my Best Buy store card, it won't credit you for three days after you pay, so keep that in mind. Do a screenshot of the $0 balance, and when you call them up to close, be sure to request that they send a letter confirming that there is a $0 balance on the account. Save that letter and the screenshot in your files, just in case they try to pop up some extra charge after you've technically closed. If you can still access your account after closing, check it twice a month for the next several months, just to be sure. Nothing like getting lates reported on a fee that you didn't know was there. :smileytongue:

Congrats on the new approvals! Things are definitely looking up.
After reading some other posts, I have noticed that there are suggestions that having CU only cards will not give you the best fico possible. Reading some posts about Nationwide, i'm under the impression that it reports as Nationwide CU on your CR. Can anyone verify this? Also, if that is the case that will leave me with my local CU, NFCU, and Nationwide if I cancel HHB. So at the risk of having only accounts with what fico scoring would consider on CU accounts, should I just hang on to HHB for now? I just paid the annual fee on 12/27.

 


 

Not sure how it reports, but the pull on TU was listed as Nationwide Bank.

 

BTW, anybody know how long it takes them to report after application approval?  Do they report to all three?

Message Edited by O6 on 01-13-2010 06:51 PM
IAALBNYL
Established Contributor
aquatic1
Posts: 620
Registered: ‎08-16-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card


score_building wrote:

WOW aquatic, I daresay you are the applicant of infinite patience :smileyhappy:  hang in ther' 

in any case, hope the news is good!  and that you hear soon!


Score_building, Patience is a virtue and I am ususally a half-full type person.  If I am meant to be approved for this card, I will be approved.  I do know now that if they re-pull my scores they will see a increase in scores.  AmEx is still not showing as open but they did finally show that I have a $0 balance.  I am going to call them in the morning to see if they can update to show that my AmEx is open and showing as being open since 2004.  

 

But its always nice to read this thread with all of the approvals!! :smileyhappy:


Starting Score: TU:537
Current Score: TU:683 (3/11/10)
Goal Score: TU:740


Take the FICO Fitness Challenge
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

FYI . . . My account was opened on Dec. 16.  It showed up on TU very quickly (as Nationwide CU).  A few days later it appeared on EQ (As Nationwide Bank).  It has not appeared on EX yet, which is curious because they pulled EX on the same day I was approved (TU was pulled when I applied). 

 

Maybe it isn't reporting to EX because I haven't used it yet??

 

Anyone else showing Nationwide reporting to EX?


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Senior Contributor
BungalowMo
Posts: 4,237
Registered: ‎05-01-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card


Itsmeagain wrote:

FYI . . . My account was opened on Dec. 16.  It showed up on TU very quickly (as Nationwide CU).  A few days later it appeared on EQ (As Nationwide Bank).  It has not appeared on EX yet, which is curious because they pulled EX on the same day I was approved (TU was pulled when I applied). 

 

Maybe it isn't reporting to EX because I haven't used it yet??

 

Anyone else showing Nationwide reporting to EX?


I have pretty much the same scenerio except that they didn't pull EX & I have used the card.  Reporting exactly as yours...still no EX & I've had it for almost 2 months.  I recall reading that this card takes a few cycles to show up on all 3.  It'll get there...just takes a minute....



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

New Contributor
emasta
Posts: 54
Registered: ‎07-16-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

I applied and got the response :  We are currently verifying the information provided.  In doing so, we may contact you to request additional information.  Once your application has been reviewed, we will notify you within 10 days about the status of your account.

 

I hope they approve it!

Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

Remember emasta, it's ten BUSINESS days so don't get too impatient.  However, you might call after about 4-5 days to check status.  I think in their case, the squeaky wheel gets the grease.


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Established Contributor
Itsmeagain
Posts: 832
Registered: ‎01-16-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

Incidentally, I just spoke to a Natonwide CSR regarding the 12 mo. 0% interest offer on car repairs.  She informed me that the 12 mo. billing period starts on the date the charge is made, not from the date the card was issued. 

 

I asked if this was "forever" and she said "as long as the promotion is open, the 12 mo. billing period begins the date of the CHARGE".

 

Interesting . . . :smileysurprised:


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Senior Contributor
BungalowMo
Posts: 4,237
Registered: ‎05-01-2008
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card

I was VERY impatient waiting for this answer to my approval (or not).  I called twice in under a week!  2nd call got me my happy answer!  The csr's were never annoyed that I'd called so soon!  Very nice folks!  Right up there with the NFCU reps :smileyvery-happy:

 

I have even mentioned to both companies how much I appreciate their helpful & knowledgeable reps! That's a dying breed there....



Starting Score: 07/2011 TU 732 - EQ 717 - EX 702
Current Score: 06/2014 TU 739 - EQ '08 709 - EX 721
Goal Score: 850

Bury me in the garden...last app 06.18.14

Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Approved for 17.5K Nationwide Bank Visa® Credit Card


Itsmeagain wrote:

Incidentally, I just spoke to a Natonwide CSR regarding the 12 mo. 0% interest offer on car repairs.  She informed me that the 12 mo. billing period starts on the date the charge is made, not from the date the card was issued. 

 

I asked if this was "forever" and she said "as long as the promotion is open, the 12 mo. billing period begins the date of the CHARGE".

 

Interesting . . . :smileysurprised:


 

Just out of curiosity, any ideas on why they even have a promotion like this?  Not that I object, mind you, but what is in it for them?  I doubt they own any auto repair shops. 
IAALBNYL

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}