Reply
New Contributor
Joesh
Posts: 50
Registered: ‎05-21-2012

Re: Too much credit with NFCU?

If this card worth getting? Do they give you really high credit limits?

AMEX BCP : $24.6K | Chase Ink Plus: $12K | Citi Forward : $10K | Citi Dividend : $9.2K | BoA Travel Rewards : 7K
NFL Cash Rewards : $6K | Chase Freedom : $5K | Discover More : $5K

Age: 24 | Occupation: Grad Student | CreditKarma: 762 |
Valued Contributor
rootpooty
Posts: 1,711
Registered: ‎10-28-2011

Re: Too much credit with NFCU?


bichonmom wrote:

I'm not sure that navy would weigh their total threshold for loss the same among the different types of accts. I do know that the amt that you're approved for with Navchek is based on your credit, and the interest rate is the same for everyone. As  you mentioned, an auto loan would likely be weighed differently because it is a secured loan. I don't think that would count the same as an unsecured loan for their loss threshold. 

 

that said, if you know you're going to be getting an auto loan, you might want to hold off and get the Navchek afterwards. It does seem that they want proof of income for auto loans, so it might make getting the navchek easier if they already have that info. Also, if you do run across a max ceiling for total credit, your auto loan would probably be a priority for you over Navchek. 


you make an excellent point and I was thinking earlier that Im going to apply for auto loan first  then maybe navcheck.  Id rather be approved for auto loan and denied for navcheck rather approved navcheck denied auto loan 

NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 3k | BOFA 123 3k |
Chase Freedom 1.5k | Amazon 1800 | Walmart 1450 | Buckle 300

On the prowl for Chase Sapphire Preferred!
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: Too much credit with NFCU?


Joesh wrote:

If this card worth getting? Do they give you really high credit limits?


what card are you talkin about? are you talkin about navchek? cause navchek is a loc not a credit card, although it does report as one, and usually with very nice limits.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
New Contributor
Joesh
Posts: 50
Registered: ‎05-21-2012

Re: Too much credit with NFCU?

Guess I'm just talking about any NFCU card in general. I mean I guess I don't NEED anymore credit, since my utilization is only like 5% overall every month across my 6 cards. 

AMEX BCP : $24.6K | Chase Ink Plus: $12K | Citi Forward : $10K | Citi Dividend : $9.2K | BoA Travel Rewards : 7K
NFL Cash Rewards : $6K | Chase Freedom : $5K | Discover More : $5K

Age: 24 | Occupation: Grad Student | CreditKarma: 762 |
Established Contributor
mt2va
Posts: 530
Registered: ‎03-20-2009

Re: Too much credit with NFCU?

My score was about 50 points less than yours and my income is about 70% of yours and was approved for MasterCard, Visa, used auto loan re-fi, and NAVChek LOC all in a very short time period.  However, I’m guessing my limits are much lower and the interest rates higher than what you could get approved for. 



Gardening since: 4/16/14
Starting Scores 10/12: EQ 460 (FICO)/TU 502 (FAKO)/EX 474 (FAKO)
7/13: EQ 517 (FICO)/TU 546 (FAKO)/EX 581 (FAKO)
Current (4/14): EQ 580 (FICO)/TU 611 (FICO)/ EX 603 (FICO)



New Contributor
riker20
Posts: 64
Registered: ‎08-23-2012

Re: Too much credit with NFCU?

I currently have the following with NFCU:

 

- 15k LOC

- 33k Platinum card

- 23k Auto Loan

Primary checking and DD with them

 

Only had to provide income verification when I applied for the Auto Loan 3 years ago.  Income is 78k a year.

NFCU Platinum - 50k | Chase Sapphire Preferred - 38k | AMEX BCE - 29.3k | Best Buy Store Card - 21k | Lowes Card - 16k | NFCU LOC - 15k | Furniture Row - 17.3k | Amazon Store - 12k | Macy's - 6000

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+