03-11-2013 08:15 PM
I have been looking into applying for the navy federal cash reward credit card and was wondering if it's hard to get (credit score needed) and which credit report do they pull?
03-11-2013 08:20 PM
I think the nRewards is easier to get, but Navy is a pretty easy approval so I guess it would depend on what baddies you have in your file.
03-12-2013 01:28 AM
I'm curious about this too. I've heard multiple times that it "depends on what baddies [are on one's credit report.]"
What baddies are specifically bad?
-Charge offs from other credit cards?
-Late payments on other credit cards?
-High balances still unpaid?
-Collection accounts that were settled in a less than full amount?
-A lack of diversified credit?
-Average age of negatives reflecting on a credit report?
03-12-2013 05:40 AM
I think NAvy is really easy... there is no doubt you'll be approved with scores in the 600s, and the limit will grow over time, and with SP increases, there is really no valid reason to wait.
If for some reason you don't qualify for an unsecured card, you can get a secured card... which will eventually graduate...
03-12-2013 07:26 AM
03-12-2013 07:42 AM
My husband and I were each approved for the cashrewards card. His limit is $6k and he has a few mortgage lates in the last year, four collections (all medical, all under $300) that are unpaid, a charge-off from HFC that was settled after it was CO from 2011, and two student loans are being rehabbed. His TU FICO is 635 and his EQ FICO is 589 and this was just last week. I was approved for $4.5k with four student loans being rehabbed, a CO from Macy's from 2007, a charge-off from HFC that was settled after it was CO from 2011, but a perfect payment history for over a year. My EQ FICO is 622 and my TU FICO is 652. And I make $76k/year and he makes $65k/year. I called and asked why i wasn't approved for more and they really couldn't tell me why. I am very happy with the amounts since we are both currently rebuilding our credit...
03-12-2013 09:03 AM
oh wow thats great. My fico score is 660 which should be good enough
03-12-2013 09:10 AM
Who thst has NFCU wants to sponsor me p
So if I am not in the military, If I want to be eligible for one of these cards, can I find someone and have them sponsor me? Is that how it works?
03-12-2013 09:58 AM - edited 03-12-2013 09:58 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.