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Epic Contributor
Posts: 23,341
Registered: ‎10-23-2007
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Re: Navy OverDraft Line of Credit - AMAZING!

It's just a line of credit, for overdraft is cheap if you happen to do that at all.... Otherwise I dunno... Seems easy to get and it's a big line to sit and help util. If needed or quick borrowing of money, although with navy credit cards cash advances are only like 1% more so our credit card is still cheaper cash.
Feels like an ATM when you can move it to your checking in seconds! LOL
Fico Scores: EQ- 668 DCU., TU 704 Best Buy, EX 700 Chase (2/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
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Posts: 7,225
Registered: ‎09-16-2011
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Re: Navy OverDraft Line of Credit - AMAZING!


Creditaddict wrote:
It's just a line of credit, for overdraft is cheap if you happen to do that at all.... Otherwise I dunno... Seems easy to get and it's a big line to sit and help util. If needed or quick borrowing of money, although with navy credit cards cash advances are only like 1% more so our credit card is still cheaper cash.
Feels like an ATM when you can move it to your checking in seconds! LOL

No kidding on this. I literally moved 10k from my credit card to my checking account one time. 

There was no issue, they did however call me up and make sure it was me :smileywink:


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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Posts: 7,225
Registered: ‎09-16-2011
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Re: Navy OverDraft Line of Credit - AMAZING!


calihlove75 wrote:

What is so special about this Navcheck? Is it basically a loan or a cash advance? The interest rate just seems crazy high, but everyone seems to be wanting to apply for it. I feel like I am missing out on something special..lol


I got it because it protects your checking account from overdrafts for free, and you have access to your credit limit to pay others with no swipe fees for them.


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
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



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Epic Contributor
Posts: 23,341
Registered: ‎10-23-2007
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Re: Navy OverDraft Line of Credit - AMAZING!

I moved $2600 2 weeks ago and $6500 yesterday to pay credit cards.
Tomorrow I will do 1 BT to the new BotA!
So much easier and WAY Faster and I feel like stays out of the system as a payment from another credit card... In end might not matter so basically just faster and easier!
Fico Scores: EQ- 668 DCU., TU 704 Best Buy, EX 700 Chase (2/5/15)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
67 Cards and Counting :smileytongue:
Regular Contributor
Posts: 246
Registered: ‎03-05-2013
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Re: Navy OverDraft Line of Credit - AMAZING!

Can I someone tell me what burues they use. I'm from Maryland.

Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: Navy OverDraft Line of Credit - AMAZING!

Dang! I hate that I'm ineligible to do this.
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Regular Contributor
Posts: 125
Registered: ‎03-09-2013
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Re: Navy OverDraft Line of Credit - AMAZING!

[ Edited ]

Zelaya wrote:

Can I someone tell me what burues they use. I'm from Maryland.



They pulled EQ for me, but I'm in AZ.  But from what I've seen on the boards here, they mostly pull EQ for their credit products which has been the case for me (CC, NavCheck, and auto loan all on EQ).

Starting Score: 660 (BK discharged 2/2012)
Current Score: 684 - EQ | 679 - EX (Lender pull)
Goal Score: 720+

Wallet: NFCU Flagship Signature 14k | NFCU cashRewards 1K | NavCheck 15k | Barclays US Air 2.1k | Merrick 1.4k | Credit One 550 | Cap One 750 | Last app 5.5.2013
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Valued Contributor
Posts: 2,398
Registered: ‎11-29-2012
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Re: Navy OverDraft Line of Credit - AMAZING!

[ Edited ]

Do you think the NavCheck is an easy approval (well, Navy easy) as comapred to the credit cards?  They won't give me a CLI on my nrewards, so I'm wondering if they will give me a Nav.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 Goal Score:
 625 for now– New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Established Contributor
Posts: 955
Registered: ‎02-02-2013
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Re: Navy OverDraft Line of Credit - AMAZING!


dodfire wrote:

Congrats!!!! I love my Flagship.....Thanks a lot for now giving me the "itch" for getting the LOC!!!! 

 

**Must say no to the temptations**


This.

 

No no no no no...not gonna app for LOC.....yet!!!  Nope nope nope. :smileyhappy:


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000
Regular Contributor
Posts: 246
Registered: ‎03-05-2013
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Re: Navy OverDraft Line of Credit - AMAZING!

reading this thread is very tempting to apply however recently( 48 hrs ago) I burned a HP for my platinum CC credit limit increase and trying to find a good reason to have this in my credit report.

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