NFCU [small] Approval!!! I'LL TAKE IT!

[Kiwill]

As I stated before, I needed to get a CC for a BT because I have some interest payments coming due on promotional purchases I made last year.  Well, I initially wanted to transfer my balances from my Restoration Hardware CC but last statement, I noticed Capital One increased my APR from 14.80% to 22.90%, so i've decided to transfer my balance of $775 instead.  I got my Cap1 card in 2008 at $500 and after three months they auto increased to $750 and this is where it has been since; even with an improved credit report and score and a really good internal history, sometimes payments twice a month.  I am putting this card waaaaay in the back of my drawer.

Anyway, NFCU only issued me a $1,500 CL but hey, i'll take it!  I will treat this card like it's the most precious thing on earth.  I guess my  limit was soo low because I have a CO and 120 showing on my EQ report from Alliant Credit Union which is due to fall off in November!  I'm just grateful that they gave me a chance!  I called to ask for a CLI but the rep said that they normally don't consider CLI's until after 1yr but I may call in after 6 months.  I don't know what my APR is yet, forgot to ask the Rep, LOL, but I will let you know as soon as I know.   

Does anyone have any valuable advice for me?

[future]

congrats, you now have your foot in the door.  in time your cl will increase, as long as you responsible with it.

[Kiwill]

Thanks! I will be poster child for CC Responsibility with this card...after I pay this BT off that is.

ETA: Forgot to ask;  did anyone receive an auto CLI within 1yr.?

[Anonymous]

Congratulations !   It's great !!   It's better than $300 to begin with ...  So, now you can make BT and save some interests.  Double check on the BT Fee that make sure no BT Fee as shown on their web site.

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Example 1: 0% + 3% BT fee, for 12 months = $150 total interest and fees
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[TugChris]

It pays to be persistant.....My first major CC was with NFCU for $2k @ 14.9 that was issued 2 years ago.....I found out today that NFCU approved me for 7.9 Platinum card for $14k based on my "excellent creditworthiness".......so that is all the proof to me that my hard work has paid off.....congrats to you and good luck in the future!

[BungalowMo]

Just a question for you....I didn't realize that Restoration Hardware has a CC!  And you're saying it's backed by Cap One???

I guess I won't be getting that one...not that I won't shop their site.  Cap One has me blacklisted.

I will be trying for the NFCU card this summer tho.  After my Inq's drop from EQ & i try for my mortgage refi.

[Kiwill]

Thanks all for the valuable advice!

I instantly took advantage of the "No Balance Transfer Fee" in which I transferred my Capital One balance over to NFCU [BungalowMo]. LOL, to clarify things for you, I absolutely did not say RH CC is backed by Capital One.  I was saying that I initially wanted to transfer my RH balance onto my new NFCU card but decided not to because I just noticed that Capital One rate hiked me from 14% to 22%, so I transferred that balance instead.  RH is backed by WFNNB.  Good luck with NFCU app, I think they will be throwing products your way with your credit profile. 

[BungalowMo]

OK...I gotcha now!  I sure hope for one of their cards after my refi attempt.  I hope both of those go off as planned! 

[Kiwill]

I'm sure they will but my fingers are crossed anyway for ya.