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10-19-2013 03:49 PM - edited 10-21-2013 05:33 AM
So I decided yesterday to call NFCU to determine if I was eligible to become a member. I didn't think I was (never had proof) but I talked to the rep and since my father was active military when he passed away the rep stated that I was eligible. She went ahead with setting me up with a checking and savings account. The rep the warn me that there may be a request for verification paperwork so I'm stressing over that a little. I have whatever they need. I just dont like that they can freeze my account after I was told that I'm eligible (there really should be a better checks and balance process for this).
The rep provided me with my account ID , set me up with online access, and ordered me a debit card and mini card. I asked her about the credit cards which she explained and I decided to wait on applying. After talking to her, I checked this site, decided to take a chance, and applied for the cashRewards Visa. I received the application under review message and called back to speak with a credit app specialist. I was told that the app was under review and that I could log on and check this morning.
When I logged on, the first thing I see is a new account for a Signature Visa with a $5000 balance! If this means I'm approved this is my second signature card. The status still says app under review but geeze, I still dont know which to believe. I'd really like to get over $5000 balance but I can be patient!
I got the official approval for cashRewards this morning. Signature Visa at $5K and APR prime plus 11.99%. With this and the AMEX apps (green approved; BCE pending) I'm done! Garden Garden Garden!
Also, Can someone please explain what Navcheck is? Yes I searched the forums and only came up with threads on app results. Also, do people typically apply for the nRewards right after being approved for cashRewards?
I really hope my account and cc are straight with NFCU and I dont get the okie doke.
10-19-2013 03:56 PM
NavCheck is overdraft line of credit.
Best of luck to you with your new NavyFed accounts. Congrats on the great card!
10-19-2013 04:10 PM
Congrats on becoming a Navy member!
Navchek is their LOC. Max CL is $15k, which is based on your credit-worthiness. The interest rate is the same for everyone. I believe it's 13.something %.
10-19-2013 04:42 PM
10-19-2013 04:46 PM
10-19-2013 10:51 PM
Navcheck- Mostly people get this because it shows as a cc account on report.
They usually will ask for last two pay stubs and if approved will send papers for you to sign.
Example they gave me $15,000.00 Instantly .
this will help keep my Total Utilization lower ''
Always keeping an eye never to go over 9% Total Utilization for max scores.
10-20-2013 12:45 AM
i wouldn't worry about the $500 spend only... unless you are about to apply for something else, just pay each month.
it won't be 0%, they just ran that last month.... usually 1 maybe 2 a year they run a 0% offer for 12 months.
10-20-2013 09:44 AM
@hot4u that really put things in perspective thank you! Now im kinda interested in Navcheck ...