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Regular Contributor
dpride86
Posts: 118
Registered: ‎02-01-2013
0

Navy Federal Credit card

Hello,

 

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?

 

-D pride

-Current Score: TU 712 EQ 699 and EX 683 8-25-14
-My Goal: 700+ on all 3
-My wallet: NFCU Cash Rewards 14k, DCU Visa Platinum 7.5k, Penfed Promise 6.5k, Amex BCE 6k, Capital one QS 5K, Chase freedom 4k, Citi 3.8K, Amazon Chase 3.5k, Express 1.36k
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Valued Contributor
starry1
Posts: 2,096
Registered: ‎11-29-2012
0

Re: Navy Federal Credit card

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.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 7/30/14 TU 611; EQ 650; EX 640
Goal Score:  625 for now– New goal 675

Cap1 sec $1k (SD) / FP $300 (closed) / Fingerhut $1300 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k / Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)
Established Member
Busaner
Posts: 22
Registered: ‎02-01-2013
0

Re: Navy Federal Credit card

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?

Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Navy Federal Credit card

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...

 

Good Luck!


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
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Frequent Contributor
ihatemyscore
Posts: 283
Registered: ‎02-05-2012
0

Re: Navy Federal Credit card

I have a bk7 one yr old. A charge off from Capital one from 2010, but 10 months of positive payment was approved for the cash rewards. But I have

1000 in checking
4000 in savings
500 in secured card
100 ira and i been a member for 8 yrs who recently got back with them.

they pulled TU for me... 590
Last App: 9/16/13
BK Discharge: 6/12
NavyFCU Flagship Visa Sig $10k | NavyFCU nReward Secured $500 | NavChek $5k | Walmart $600 | Capital 1 Quicksilver $750 | Capital 1 Plat $1k | Kays $400 | Amazon $600 | Express $250 |
Established Contributor
colindidit
Posts: 665
Registered: ‎11-13-2012
0

Re: Navy Federal Credit card

Who thst has NFCU wants to sponsor me :smileytongue:p
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Contributor
elleng81
Posts: 100
Registered: ‎12-10-2012
0

Re: Navy Federal Credit card

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...  

Regular Contributor
dpride86
Posts: 118
Registered: ‎02-01-2013
0

Re: Navy Federal Credit card

oh wow thats great. My fico score is 660 which should be good enough

-Current Score: TU 712 EQ 699 and EX 683 8-25-14
-My Goal: 700+ on all 3
-My wallet: NFCU Cash Rewards 14k, DCU Visa Platinum 7.5k, Penfed Promise 6.5k, Amex BCE 6k, Capital one QS 5K, Chase freedom 4k, Citi 3.8K, Amazon Chase 3.5k, Express 1.36k
Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
0

Re: Navy Federal Credit card


colindidit wrote:
Who thst has NFCU wants to sponsor me :smileytongue: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?

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Established Contributor
colindidit
Posts: 665
Registered: ‎11-13-2012
0

Re: Navy Federal Credit card

[ Edited ]
I assume so...I tried having my dad join but he wouldn't :/ lol. The eligible person would need to join first.
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...

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