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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!!
That is friggn-awsome! Very big grats!
What is your affiliation? Active-Navy or retired?
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!!!
Thanks, and also for sharing the facts about fico and scoring!!!
@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.
@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!!
Big Congrats!!!!!
Nice!
Thanks!!!