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Valued Member
Posts: 31
Registered: ‎01-12-2010
0

NFCU Secure Credit Card

Moments ago I spoke with a rep at NFCU about my secure cc. I asked about transitioning the card to an unsecure card. The rep I spoke with informed me they no longer transfer the cards, and you now have to apply for an unsecure card. My question is, say I apply for a unsecure card would I lose the history associated with the secure card? Also, would I take a hit for closing the card?

 

Thanks in advance! 


Starting Score: 519 Circa 2010
Current Score: EQ: 659 3.31.14
Goal Score: 700


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Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: NFCU Secure Credit Card


Kesh wrote:

Moments ago I spoke with a rep at NFCU about my secure cc. I asked about transitioning the card to an unsecure card. The rep I spoke with informed me they no longer transfer the cards, and you now have to apply for an unsecure card. My question is, say I apply for a unsecure card would I lose the history associated with the secure card? Also, would I take a hit for closing the card?

 

Thanks in advance! 


The history will stay for 10 years.   You will not take a hit for closing the card.

Established Member
Posts: 33
Registered: ‎03-28-2011
0

Re: NFCU Secure Credit Card

Please ignore the information that representatived provided to you.  Navy Fed automatically converted my card to a unsecured card last month.  My card was opened in 6/10.  Less than a week after they automatically unsecured my card and released the hold on the funds in my savings account.  I called and requested a cli.  My limit was raised from $1,200 to $17,500.

Valued Member
Posts: 31
Registered: ‎01-12-2010
0

Re: NFCU Secure Credit Card

Thanks!

 

I found his response to be a little odd considering that I have seen plenty of stories of individuals having their cards transitioned. My goal is to have mine transitioned and to build my financial relationship with NFCU. :smileyhappy:


Starting Score: 519 Circa 2010
Current Score: EQ: 659 3.31.14
Goal Score: 700


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Valued Member
Posts: 69
Registered: ‎04-04-2011
0

Re: NFCU Secure Credit Card

Do you mind me asking what your score was when you applied for the secured card and what it is now?

Established Member
Posts: 33
Registered: ‎03-28-2011
0

Re: NFCU Secure Credit Card

When I established my secured card in 6/2010, my Equifax was 551.  Now a little over a year later.  My equifax fico is 669 and TU 704.  These would have been the scores at the time my card unsecured and CLI.

Valued Member
Posts: 69
Registered: ‎04-04-2011
0

Re: NFCU Secure Credit Card

Thanks.  I was planning on applying to NFCU in the next few months.  Congrats on the increase!

Valued Member
Posts: 31
Registered: ‎01-12-2010
0

Re: NFCU Secure Credit Card

I believe my score was around 612 when I applied. I've had the card for about 3 months now. So I believe it's doing it's job. I hardly use it, and if I do I only put 9% or less on the card.

 

This is my attempt to show responsible credit card use :smileyhappy:.


Starting Score: 519 Circa 2010
Current Score: EQ: 659 3.31.14
Goal Score: 700


Take the FICO Fitness Challenge

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