NavChek....Yay or Nay

[cnnlov]

So I'm wondering if I should app for NavChek. I was instantly approved for cash rewards card last week, don't know if it's too soon to app. Also, I will be applying for an auto loan in the next few months or so; would this affect my chances? Help.?

[CAnNY]

I say ask if they use auto enhances FICO for auto loans. If they do not, then u may want to app for Nav check after the car loan. If they do then app away if you don't mind the additional HPs.

[Elcid89]

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@cnnlov wrote:
So I'm wondering if I should app for NavChek. I was instantly approved for cash rewards card last week, don't know if it's too soon to app. Also, I will be applying for an auto loan in the next few months or so; would this affect my chances? Help.?

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I think your question should be "do I have a use for Navchek"?

It's an overdraft line that you can also write special checks against, but the rate is one of their highest relative to their other products. So, you're in a situation where if you don't bounce checks, you'll probably never use it unless you just like paying higher interest for the same capital extension.

[Creditaddict]

In this case I surprisingly will say do auto then navcheck.

[azguy13]

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@Elcid89 wrote:

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@cnnlov wrote:
So I'm wondering if I should app for NavChek. I was instantly approved for cash rewards card last week, don't know if it's too soon to app. Also, I will be applying for an auto loan in the next few months or so; would this affect my chances? Help.?

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I think your question should be "do I have a use for Navchek"?

It's an overdraft line that you can also write special checks against, but the rate is one of their highest relative to their other products. So, you're in a situation where if you don't bounce checks, you'll probably never use it unless you just like paying higher interest for the same capital extension.

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I agree! Many people decide to go for a LOC and never need it. I understand it is for emergencies, but if you do not forsee yourself needing it anytime soon, I would wait until that time comes where you will absolutely use it. 

[cnnlov]

Thanks!

[starry1]

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@Creditaddict wrote:
In this case I surprisingly will say do auto then navcheck.

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I totally agree here. i don't know for sure, but I personally feel that they were a little more generous with my NavChek than I expected because they have security from me, and by security I mean that they get my direct deposit and they have my car loan, so they have something they can take if I default.

[Anthonykc]

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@cnnlov wrote:
So I'm wondering if I should app for NavChek. I was instantly approved for cash rewards card last week, don't know if it's too soon to app. Also, I will be applying for an auto loan in the next few months or so; would this affect my chances? Help.?

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The beginning of this month, I got approved for CC, NavCheck and auto loan all within the same week.

you should do a pre-approve auto loan TODAY, its good for 60 days..

They have this promo going on for their 80th year celebration that ends on 9/30/2013.

I got approved for requested amount of 34K with APR 1.99%

SPECIAL LOW RATES FOR 
FIRST-TIME BORROWERS
If you're in the market for your first vehicle, we offer a special low rates for first-time borrowers. Take advantage of this great opportunity now!

[cnnlov]

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@Anthonykc wrote:

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@cnnlov wrote:
So I'm wondering if I should app for NavChek. I was instantly approved for cash rewards card last week, don't know if it's too soon to app. Also, I will be applying for an auto loan in the next few months or so; would this affect my chances? Help.?

---

The beginning of this month, I got approved for CC, NavCheck and auto loan all within the same week.

you should do a pre-approve auto loan TODAY, its good for 60 days..

They have this promo going on for their 80th year celebration that ends on 9/30/2013.

I got approved for requested amount of 34K with APR 1.99%

SPECIAL LOW RATES FOR 
FIRST-TIME BORROWERS
If you're in the market for your first vehicle, we offer a special low rates for first-time borrowers. Take advantage of this great opportunity now!

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Thanks for the advice, but I'm still saving for my downpayment. I want to have a little more saved up before taking the plunge. I'll probably hold off on the NavChek until after I apply for the auto loan. I also want a little more time to build a relationship with them. Congrats on all your success with NFCU, that line-up is quite impressive.