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Member
Posts: 12
Registered: ‎02-05-2017
0

NFCU Partners w/ AMEX

I was reading this article and wanted to get some thoughts. Im curious what the approval would look like for this since I cant get an AMEX for another couple of years (due to BK). -- Here's the article from business wire: http://www.businesswire.com/news/home/20170509005091/en/Rewards-Store-Navy-Federal-Members-American-...
CH7 Bankruptcy Filed: 8/2015 | CH7 Bankruptcy Discharged: 11/2015

NFCU Cash Rewards Visa - $19,500 | NFCU CLOC - $15,000 | Sleep Number - $5,000 | Capital One QS - $3,000 | Capital One Secured - $600 (starter card - $49 down payment) | Lowes - $300 | Discover IT (AU) - $2,100 | USAA Secured Visa (AU) - $1,500 || TOTAL CREDIT LIMIT: $47,000 /// Gardening til June 2019 ///
Senior Contributor
Posts: 6,453
Registered: ‎04-23-2016

Re: NFCU Partners w/ AMEX

Good readSmiley Happy. Well, since its not the actual Amex with whom you are blacklisted , you will have a shot if you meet the requirements set up by Navy and UW. Im sure there will be a bunch of apps for this as a) its a new card, and b) alot of people seem to want 2 and 3 Navy cards to get the big sls. Smart move on Amex's partSmiley Happy
Member
Posts: 12
Registered: ‎02-05-2017
0

Re: NFCU Partners w/ AMEX

I agree with it being a smart move *smiles. Im looking forward to adding this as a 2nd card with NFCU (not looking for a 3rd with NFCU).Until then... to the garden I go!
CH7 Bankruptcy Filed: 8/2015 | CH7 Bankruptcy Discharged: 11/2015

NFCU Cash Rewards Visa - $19,500 | NFCU CLOC - $15,000 | Sleep Number - $5,000 | Capital One QS - $3,000 | Capital One Secured - $600 (starter card - $49 down payment) | Lowes - $300 | Discover IT (AU) - $2,100 | USAA Secured Visa (AU) - $1,500 || TOTAL CREDIT LIMIT: $47,000 /// Gardening til June 2019 ///
Valued Contributor
Posts: 1,829
Registered: ‎10-10-2011

Re: NFCU American Express


UncleB wrote:

My other thought is that they might offer a 2.5% card similar to USAA, but of course that's just my own idle speculation... LOL.

This would be a TOTAL game changer for a lot of people!! Let's hope this is what it is. With Amex higher swipe fees, they would be in a position to do this. 

 

Excellent read!


Current Scores 3/2016 Equifax 676 Transunion 697 Experian 648 Goal Scores: 720's accross the board. Gardening Goal: 3/2017
Established Contributor
Posts: 616
Registered: ‎01-24-2008
0

Re: NFCU American Express

I know they pull tu for credit cards is it possible because it's a Amex they will pull a equifax or ex?
Moderator
Posts: 17,274
Registered: ‎12-30-2011
0

Re: NFCU American Express


kugel wrote:
I know they pull tu for credit cards is it possible because it's a Amex they will pull a equifax or ex?

No, this is just Amex the transaction network, not Amex Centurion Bank.  Pulls for UW this card will be the same as NFCU does anyway.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 688, TU 4 758, EX 2 703, EQ 8 728, TU 8 762, EX 8 739 (6/12/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Moderator
Posts: 9,076
Registered: ‎08-12-2013
0

Re: NFCU American Express


kugel wrote:
I know they pull tu for credit cards is it possible because it's a Amex they will pull a equifax or ex?

The payment network wouldn't have any bearing on NFCU's UW practices.   This is a credit product issued by NFCU using the AMEX payment network.   While Centurion Bank typically pulls EX, NFCU pulls TU for their CC apps.  Of course, this could change in the future, but it would likely affect all of their products.  



Start: 619 (TU08, 9/2013) | Current: 774 (TU08, 5/3/17)
Sam's Club MC $25000 | AMEX BCE $20400 | Discover IT $18000 | BoA BBR #1 $17200 | Cap 1 QS WMC $16500 | NFCU CLOC $15000 | JCP $15000 | BofA BBR #2 $11800 | Chase Disney Visa $11500 | Care Credit $10200 | CashForward WMC $10000 | WCU Visa $10000 | Marvel MC $10000 | Macy's AMEX $10000 | Macy's Store $10000 | Citi DC $9600 | Cash+ VS $9000 | Amazon Store $8000 | Blispay $7500 | Barclay Rewards WMC $6500 | Sony Card $4250 | Target MC $4000 | Costco Anywhere $1700 | ~~Gardening Since 4/5/16
Frequent Contributor
Posts: 420
Registered: ‎03-07-2007
0

Re: NFCU American Express

i wonder if navy will let us convert a current card to the amex when availible 

fico 08 as of june 19 2017 ex 579 tu 600 eq 568
navy fcu 1k cash rewards 375/1000 250 ssl bal 20
penfed 2 different oloc 500 each 300/500 0/500
credit one 0/450
mjc 0/5000
overstock.commenity 1229/2050
discover secured 180/300
Established Contributor
Posts: 616
Registered: ‎01-24-2008

Re: NFCU American Express

I think they pull your credit for that
Not like PenFed u can just convert
Regular Contributor
Posts: 165
Registered: ‎05-06-2017

Re: NFCU American Express

Any update on the timeframe other than "fall 2017?" My 91 days is up in August so I had a vested interest.


Gardening since 05/13/2017

Starting Scores 03/17/2017 EQ 491 TU 495 EX465 Currently 06/9/2017 EQ 544 TU 540 EX 535

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