Reply
Valued Member
by2
Posts: 44
Registered: ‎01-16-2012
0

YES YES TO NAvy FCU

Last Dec11 the only credit cards I had was two HSBC one $675/$750 limit (both in a sealed envelope in my file cabinet -pd in full). I'm only keeping them for the long credit history.

I applied for a secure Navy FCU secure card for $3000.00 was approved. In Jan12 I was approved for a unsecured Navy VISA $5000. On Friday, I decide to apply for a Navy FCU unsecured MasterCard and this is what I got:

Congratulations! Based on your creditworthiness, you have been approved for a nRewards MasterCard credit card. Your new credit line will be $15,000.00. Your APR will be prime plus 10.74%.

One of my negative credit scoring factor is low credit limits so hopefully, my scores will increase some with higher limits. I have a 2 Barclay's, and Capital One and hopefully they will do a review in a few months and up my limits.


Thanks all for your help!!:smileyvery-happy:

Starting Score:TU 62611/07/2011
Current Score: 72704/23/2012
Starting Score:EQ 60511/07/2011
Current Score: 69012/20/2012
Goal Score: 760+
Take-the-FICO-Fitness-Challenge/Take-the-FICO-Fitness-Challenge-for-...">Take the FICO Fitness Challenge
Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: YES YES TO NAvy FCU

That is friggn-awsome!  Very big grats!

 

What is your affiliation? Active-Navy or retired?

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Valued Member
by2
Posts: 44
Registered: ‎01-16-2012
0

Re: YES YES TO NAvy FCU

Retired but when i orginially joined I did thru another member that was in my household as I am Army and it was not open to us then!!!  Holding my fingers crossed, just applied for line of credit for 15K.  Waiting on decision:smileyhappy:!!!

Starting Score:TU 62611/07/2011
Current Score: 72704/23/2012
Starting Score:EQ 60511/07/2011
Current Score: 69012/20/2012
Goal Score: 760+
Take-the-FICO-Fitness-Challenge/Take-the-FICO-Fitness-Challenge-for-...">Take the FICO Fitness Challenge
Moderator
pizzadude
Posts: 9,674
Registered: ‎01-28-2010
0

Re: YES YES TO NAvy FCU

----> One of my negative credit scoring factor is low credit limits so hopefully, my scores will increase some with higher limits.

Congrats on the approvals !!! Navy is fantastic about giving great CLs !

And the scoring reason you listed is not from FICO ~ FICO scoring does not ding you for having low revolving credit limits. It only scores your utilization against the limit.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Valued Member
by2
Posts: 44
Registered: ‎01-16-2012
0

Re: YES YES TO NAvy FCU

Thanks, and also for sharing the facts about fico and scoring!!!

Starting Score:TU 62611/07/2011
Current Score: 72704/23/2012
Starting Score:EQ 60511/07/2011
Current Score: 69012/20/2012
Goal Score: 760+
Take-the-FICO-Fitness-Challenge/Take-the-FICO-Fitness-Challenge-for-...">Take the FICO Fitness Challenge
New Contributor
max2mum
Posts: 51
Registered: ‎10-25-2011
0

Re: YES YES TO NAvy FCU

Congrats, great job.

Starting Score: tu-460 eq-570 ex-580
Current Score: tu-693 (6/6/12) eq-624 ex-679 (6/6/12)

Goal Score: 720


Take the FICO Fitness Challenge
Moderator Emeritus
tinuviel
Posts: 4,875
Registered: ‎11-02-2010
0

Re: YES YES TO NAvy FCU


pizzadude wrote:
----> One of my negative credit scoring factor is low credit limits so hopefully, my scores will increase some with higher limits.

Congrats on the approvals !!! Navy is fantastic about giving great CLs !

And the scoring reason you listed is not from FICO ~ FICO scoring does not ding you for having low revolving credit limits. It only scores your utilization against the limit.

 

+1, both on the congratulations and the credit scoring info. :smileyhappy:


Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Mega Contributor
LS2982
Posts: 15,436
Registered: ‎04-09-2011
0

Re: YES YES TO NAvy FCU


by2 wrote:

Last Dec11 the only credit cards I had was two HSBC one $675/$750 limit (both in a sealed envelope in my file cabinet -pd in full). I'm only keeping them for the long credit history.

I applied for a secure Navy FCU secure card for $3000.00 was approved. In Jan12 I was approved for a unsecured Navy VISA $5000. On Friday, I decide to apply for a Navy FCU unsecured MasterCard and this is what I got:

Congratulations! Based on your creditworthiness, you have been approved for a nRewards MasterCard credit card. Your new credit line will be $15,000.00. Your APR will be prime plus 10.74%.

One of my negative credit scoring factor is low credit limits so hopefully, my scores will increase some with higher limits. I have a 2 Barclay's, and Capital One and hopefully they will do a review in a few months and up my limits.


Thanks all for your help!!:smileyvery-happy:


Big Congrats!!!!!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Valued Contributor
boomhower
Posts: 1,863
Registered: ‎09-20-2011
0

Re: YES YES TO NAvy FCU

Nice!

Valued Member
by2
Posts: 44
Registered: ‎01-16-2012
0

Re: YES YES TO NAvy FCU

Thanks!!!

Starting Score:TU 62611/07/2011
Current Score: 72704/23/2012
Starting Score:EQ 60511/07/2011
Current Score: 69012/20/2012
Goal Score: 760+
Take-the-FICO-Fitness-Challenge/Take-the-FICO-Fitness-Challenge-for-...">Take the FICO Fitness Challenge

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
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}