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Community Leader
Super Contributor
Posts: 13,403
Registered: ‎09-13-2013

Re: Navy Federal Uses Own Internal Score To Approve Credit?????


Kenny wrote:
I'm having difficulty finding a reason why I need a CC with NFCU. Smiley Sad

I'm sure with your portfolio you already have high limit cards and your cat spend is covered. Maybe down the road they may come in handy for a mortgage or auto/personal loan or ploc. You never know. Good to have them in your back pocket just in case. 😉

Senior Contributor
Posts: 6,996
Registered: ‎06-22-2015

Re: Navy Federal Uses Own Internal Score To Approve Credit?????

Kenny, I would also add that the relationship would be helpful if we have an economic repeat of 2008-2009. In that event, banks may jettison customers or slash credit limits. Fiscally solid and large credit unions are often less likely to do so.


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Senior Contributor
Posts: 6,996
Registered: ‎06-22-2015

Re: Navy Federal Uses Own Internal Score To Approve Credit?????

I mean the above comment as no slight to really tiny local credit unions with one or two locations, but I'd rather be in with Navy instead of the little guy if the economy goes upside down.


Favorite Cards : ~ Citi Double Cash World Elite MasterCard ~
~ American Express Blue Cash Preferred ~ Chase Hyatt Visa Signature ~
~ Citi AAdvantage World Elite MasterCard ~ Citi Prestige ~ Alaska Airlines Visa Signature ~ Discover it Miles ~
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Posts: 10,095
Registered: ‎01-15-2009

Re: Navy Federal Uses Own Internal Score To Approve Credit?????


baller4life wrote:

Kenny wrote:
I'm having difficulty finding a reason why I need a CC with NFCU. Smiley Sad

I'm sure with your portfolio you already have high limit cards and your cat spend is covered. Maybe down the road they may come in handy for a mortgage or auto/personal loan or ploc. You never know. Good to have them in your back pocket just in case. 😉


Definitely. The mortgage is what I'm excited about whenever I do decide to buy my first great home. lol Smiley Happy 

Community Leader
Super Contributor
Posts: 13,403
Registered: ‎09-13-2013

Re: Navy Federal Uses Own Internal Score To Approve Credit?????

See I knew they could come in handy for something . 😉
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Registered: ‎12-07-2016
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Re: Navy Federal Uses Own Internal Score To Approve Credit?????

My score was 301 but I received $17,900.00. I can't remember the interest rate. I applied for the n-rewards card? Is there a big difference?
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Valued Contributor
Posts: 1,228
Registered: ‎03-27-2013
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Re: Navy Federal Uses Own Internal Score To Approve Credit?????


CreditMagic7 wrote:

ddemari wrote:
My score was pretty low, I think it was like 286. But I still got 23,300.00 at 13.9%.

My score was 288 but i only got $4K Smiley Frustrated

 

Apr is 17% Blahhh but i got the time to work on getting some improvement maybe.

 

Just tickled pink to even get in with them at all. The goodies can wait for later.


I got 14K at 15.9% with 302.

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