Reply
Regular Contributor
rm3
Posts: 198
Registered: ‎03-02-2012
0

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
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012
0

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
rm3
Posts: 198
Registered: ‎03-02-2012
0

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
EX Fico: 646 (8/13) 655-lender pull 9/13
New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012
0

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
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012
0

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.

New Contributor
Elcid89
Posts: 567
Registered: ‎10-04-2012
0

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

Moderator
Revelate
Posts: 8,896
Registered: ‎12-30-2011
0

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)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

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.


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Regular Contributor
rm3
Posts: 198
Registered: ‎03-02-2012
0

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

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+