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Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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NFCU says I don't need an unsecured and secured cc....???

[ Edited ]

I called and spoke with a rep who says I don't need to open up a secured card as well since I have the unsecured. I want the secured to have anothe trade line with a high CL ( i would make addtl deposits until it reaches 5000 or more). I know Cap1 and Orchard are not going to grow and plan to close them before the AF is charged. Couldn't I request NFCU to PC the secured card at that time which would be in 6 months? Any advice. 

 

 

 

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
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Established Contributor
Posts: 560
Registered: ‎09-29-2012
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Re: NFCU says I don't need an unsecured and secured cc....???

[ Edited ]

Why would you want a secured card.

 

 

Your reasons don't make any sense.

 

 

Stick with unsecured.  If you had to choose b/w gold and silver, why would you choose silver?

 

 

Go with the Gold and stay away from secured cards.

Regular Contributor
Posts: 198
Registered: ‎03-02-2012
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Re: NFCU says I don't need an unsecured and secured cc....???

[ Edited ]

1. For future prime cards with high CLs

2. Only have three open revolving accounts of which two I will close in 6 months. 

3. I can control the limit and possibly PC to a signature card. 

4. They would use the same HP they just did and i would receive two cards. Take the hit to AAOA and garden for another 6 months. 

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
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Contributor
Posts: 567
Registered: ‎10-04-2012
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Re: NFCU says I don't need an unsecured and secured cc....???

Patience is a virtue in this scenario.

 

Be glad that they took a chance on you, use what you currently have responsibly and then pursue an additional card with NFCU when your scores have improved.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
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Established Contributor
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Registered: ‎09-29-2012
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Re: NFCU says I don't need an unsecured and secured cc....???

If i had a 579 and a 2K CL unsecured card, i'd be really really happy and would not need/want another card ATM especially if its a unsecured card.

Contributor
Posts: 567
Registered: ‎10-04-2012
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Re: NFCU says I don't need an unsecured and secured cc....???


ccnewcc wrote:

If i had a 579 and a 2K CL unsecured card, i'd be really really happy and would not need/want another card ATM especially if its a unsecured card.


+1

 

OP is seeking too much too soon IMO.

 

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

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Posts: 10,932
Registered: ‎12-30-2011
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Re: NFCU says I don't need an unsecured and secured cc....???

[ Edited ]

FWIW his plan is sound for pretty much anyone who doesn't have access to NFCU.

 

NFCU cuts the traditional tradeline CL issue, the OP will get the same outstanding limits others have received here from them as his credit file grows; however, for just about anyone else without access to the Candyland which is NFCU, I'd certainly consider it.  I'm debating doing it again since my BOFA secured experiment didn't work as well as possible once I sort through my Fed tax lien albatross and while it's looking like my mortgage plans may move into 2014.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
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Registered: ‎09-16-2011
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Re: NFCU says I don't need an unsecured and secured cc....???

[ Edited ]

In my opinion I think you should use the 2k card responsibly... and app for the flagship card in 4 months to 6 months... no need to get a secured card.


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Regular Contributor
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Registered: ‎03-02-2012
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Re: NFCU says I don't need an unsecured and secured cc....???

I like that idea. In the garden I go!!! Thanks to all for the sound advice.

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
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