Credit Card Center Advertiser Disclosure†
03-21-2013 08:28 AM
I'm kinda scared to apply for the LOC, even after he got the nice CL.
03-21-2013 08:36 AM
Dont be... NavCheck will grow over time, and if you never use it, there is no AA, nor will they decrease your LOC. It can come in handy, definately. It comes with its own checkbook so its just like writing a check... I love my NavCheck
03-21-2013 08:39 AM
It comes in handy when you want to use credit to pay for something, but you dont want to pay a "convenience fee"
it saves a lot of money for either you or the merchant to write a NavCheck vs swiping a card.
I got it to pay my contractor, who is a small business man... I didn't think it was fair for him to pay the 2.8% swipe fees on payments that were thousands of dollars
03-21-2013 08:56 AM - edited 03-21-2013 08:57 AM
That's a good point.
I'll research a good starting amount to ask for. Should it be about my CC limit?
Edit: I'm saying my, or our a lot when it's my boyfriends. But we are joint on the checking/saving. And I am an AU on the CC. Plus I handle the money.
03-21-2013 09:07 AM
Webhopper, you are incorrect about NFCU not being inquiry sensitive. I was just DECLINED for having too many inquiries @ 10 (and they were 3 of them).
That's the first decline I've heard of with them. I had over ten inquiries on each bureau when I apped for both the CC and the LOC... as well as an auto refinance and a new car loan. I was offered a 22k line on the CC, 15k line on the LOC. 4.09% on the used car loan, and 1.79% on the new car loan...
In my experience, they didn't care about my inquiries, but my score is strong... 680+
maybe your score was borderline?
03-21-2013 05:14 PM
Want to add his approval came through a little after midnight. So not just normal business hours.
03-29-2013 02:35 PM
Adding again in case anyone looks at this for information.
Received all the disclosure information, and pamphlets today. His FICO was 691 and they pulled TU. Still no card though.
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.