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Frequent Contributor
Posts: 488
Registered: ‎04-09-2008
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NFCU new Cash Rewards Card! Much Love..

Last week I got a pre-approved offer from NFCU for the cash rewards card, I already have two auto loans a line of credit (almost maxed) and a nrewards card(almost maxed out) and I have been declined twice in the past two years for an additional card. I read the fine print, say I was approved , unkless something changed in my recent credit. My FICO score has been hovering around 655 for about two years, I can never seem to break the 700 club. My payment history for the past 5 years have been flawless, the only  negs still on my reports are a Crap One and a HSBC charge off that are both due to fall off near summer. I really don't need anymore credit, but the 2.99% balance trasfer was inticing and I figured I could transfer my Chase balances (about 2500) and hopefully pay them off at a much better pace. So i pulled the trigger and applied, the next day I saw the approval notice- but no credit limit. The following day I checked- $6,000 !! my highest card to date- beating my nrewards card by 2k.

 

 

Four years ago my credit was so horrible I got turned down for in-house financing at Ashley Furniture- talk about embarrassing. I decided that day to take control of my credit. I could not get a credit card anywhere. I read these forums and started a game plan.

Save $1,000 and opened a secured credit card with the credit union. Use it regularly, and pay it off in full every month. After a year it went unsecured, six more months of ontime payments and then I asked for a CLI.  It was that simple step and these message boards that have changed my life. I am still hoping to hit that 700 club by the end of the year. Just remember patience and on time payments the rest will follow.

 

Regular Contributor
Posts: 217
Registered: ‎04-17-2007
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Re: NFCU new Cash Rewards Card! Much Love..

Grats :smileyhappy: Its a nice card!

Moderator Emerita
Posts: 3,091
Registered: ‎08-09-2008
0

Re: NFCU new Cash Rewards Card! Much Love..

Congrats on the new card! NFCU rocks! :smileyhappy:


moondog7324 wrote:

Last week I got a pre-approved offer from NFCU for the cash rewards card, I already have two auto loans a line of credit (almost maxed) and a nrewards card(almost maxed out) and I have been declined twice in the past two years for an additional card. I read the fine print, say I was approved , unkless something changed in my recent credit. My FICO score has been hovering around 655 for about two years, I can never seem to break the 700 club. My payment history for the past 5 years have been flawless, the only  negs still on my reports are a Crap One and a HSBC charge off that are both due to fall off near summer. I really don't need anymore credit, but the 2.99% balance trasfer was inticing and I figured I could transfer my Chase balances (about 2500) and hopefully pay them off at a much better pace. So i pulled the trigger and applied, the next day I saw the approval notice- but no credit limit. The following day I checked- $6,000 !! my highest card to date- beating my nrewards card by 2k. 


I'm sure you already know this, but take care not to run up any additional debt that you can't PIF. You mentioned a few maxed out credit lines with NFCU, and wanting to make good use of the 2.99% BT offer that they have going now, to knock-off your Chase balances. It's a good financial move if it'll save you money, and help you pay more, and faster. I'll bet if you get your utilization below 10%, you'll be in the 700 Club by early summer!

 

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Super Contributor
Posts: 6,026
Registered: ‎09-18-2007
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Re: NFCU new Cash Rewards Card! Much Love..

Congrats..

New Contributor
Posts: 65
Registered: ‎03-24-2009
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Re: NFCU new Cash Rewards Card! Much Love..

I dont mean to hijack. But since this is a current nfcu thread, when does the company report to the credit agencies? My statement cut already for the first time a few days ago and theres nothing on myfico.

 

Thank you for your time

 

Frequent Contributor
Posts: 318
Registered: ‎09-25-2008
0

Re: NFCU new Cash Rewards Card! Much Love..

Mine was like 30-45 days late posting after I was approved; however, they've posted on time and like clockwork since...

TransUnion/Equifax
746/754
Date: 9/24/2009/10/02/2009
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