Is NFCU generous with the limits even though I have a limited history(say 5 months)? Also what are the approval odds?
Without your credit history any baddies, any current cards, credit scores if you have them. It would be hard to help giving you an opinion. If you only have 5 months of credit history you wouldn't even have a credit score. That wouldn't make your chances very good in my opinion.
edit: it takes 6 months to generate a credit score.
Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5kMy friend has 5 months of history. No baddies. All PIF. No late payments. He has the following cards.
BoA secured card, Discover IT, DCU CC. I am not sure of his credit score though.
Honestly if it was me I would wait 6 months to a year get some age and positive credit history from current cards to his credit file. For a better chance of approval, larger CL and better APR.