topic Re: Navy Fed CC Approval! in Credit Card Approvals

Navy Fed CC Approval!

Anonymous — Thu, 19 Oct 2017 19:50:32 GMT

I've been working really hard on my credit recently, and I still have a long way to go. My husband kept trying to convince me to open something with Navy Fed, but the banker had told me when we opened my checking account that it was realy hard to get approved with them, so I didn't think I'd be approved. I was concerned about applying and hurting myself with an inquiry that I was sure would lead to being declined. My husband convinced me that one inquiry wouldn't hurt that much, so I gave it a shot.

They approved me! With a $20,000 credit limt. Now I'm terrified because the highest limt I've ever had is $2,000. I plan to only use the card for paying regular bills that would come out of checking and then paying it off each month. I am sort of excited about how this will impact my utilization! Hooray!

(My credits scores are in the low 600s, for anyone that's wondering.)

Re: Navy Fed CC Approval!

Bcunniff9 — Thu, 19 Oct 2017 19:52:12 GMT

Which card did you get approved for?

Re: Navy Fed CC Approval!

A1Credit — Thu, 19 Oct 2017 19:54:03 GMT

@Anonymous wrote:
I've been working really hard on my credit recently, and I still have a long way to go. My husband kept trying to convince me to open something with Navy Fed, but the banker had told me when we opened my checking account that it was realy hard to get approved with them, so I didn't think I'd be approved. I was concerned about applying and hurting myself with an inquiry that I was sure would lead to being declined. My husband convinced me that one inquiry wouldn't hurt that much, so I gave it a shot.

They approved me! With a $20,000 credit limt. Now I'm terrified because the highest limt I've ever had is $2,000. I plan to only use the card for paying regular bills that would come out of checking and then paying it off each month. I am sort of excited about how this will impact my utilization! Hooray!

(My credits scores are in the low 600s, for anyone that's wondering.)

Wow! Congrats! Good for you! I can only dream of seeing that kind of SL.

Re: Navy Fed CC Approval!

Anonymous — Thu, 19 Oct 2017 20:42:39 GMT

@Bcunniff9 wrote:
Which card did you get approved for?

The regular platinum. I figured I had less of chance of getting approved for the rewards and cash back cards. So I applied for the only non rewards card.

Re: Navy Fed CC Approval!

Bcunniff9 — Thu, 19 Oct 2017 21:29:55 GMT

I thought that and the AMEX was the hardest to get approved for because of the low APR. well, congrats anyways !!!

Re: Navy Fed CC Approval!

A1Credit — Thu, 19 Oct 2017 21:41:32 GMT

What is your APR, if you don't mind sharing?

Re: Navy Fed CC Approval!

Anonymous — Thu, 19 Oct 2017 23:00:42 GMT

Wow congratulations. Dv

Re: Navy Fed CC Approval!

AverageJoesCredit — Thu, 19 Oct 2017 23:30:48 GMT

Way to go Plat is a great card and that 20k means they like what your profile represents to them

Who says Bankers know everything lol

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 04:45:23 GMT

@Anonymous wrote:
I've been working really hard on my credit recently, and I still have a long way to go. My husband kept trying to convince me to open something with Navy Fed, but the banker had told me when we opened my checking account that it was realy hard to get approved with them, so I didn't think I'd be approved. I was concerned about applying and hurting myself with an inquiry that I was sure would lead to being declined. My husband convinced me that one inquiry wouldn't hurt that much, so I gave it a shot.

They approved me! With a $20,000 credit limt. Now I'm terrified because the highest limt I've ever had is $2,000. I plan to only use the card for paying regular bills that would come out of checking and then paying it off each month. I am sort of excited about how this will impact my utilization! Hooray!

(My credits scores are in the low 600s, for anyone that's wondering.)

mbspeece that new NFCU card will LAUNCH your credit score. Congratulations!

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 05:25:34 GMT

Awesome. Way to go.. Big Congrats to you

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 15:26:41 GMT

WOW CONGRATS!!

I'm a recent rebuilder and tried joining NFCU recently, got in, app'ed for the Platinum, got approved for $1500. Happy to get in with them, reading these forums it sounds like a good place to be!

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 15:32:53 GMT

@Bcunniff9 wrote:
I thought that and the AMEX was the hardest to get approved for because of the low APR. well, congrats anyways !!!

Oh! Haha. Shows what I know. Maybe I should have gone for one of the rewards card. Oh well! I am just so overjoyed that they approved me at all. I really didn't think they would because I've had such a hard time. (I think maybe my husband's score got factored in somehow, even though I only applied as myself and didn't put him down as an authorized user.)

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 15:33:22 GMT

@A1Credit wrote:
What is your APR, if you don't mind sharing?

11.99%. Which is the lowest APR I've ever had, by a lot.

Re: Navy Fed CC Approval!

A1Credit — Fri, 20 Oct 2017 16:12:43 GMT

@Anonymous wrote:
@A1Credit wrote:
What is your APR, if you don't mind sharing?
11.99%. Which is the lowest APR I've ever had, by a lot.

Very good!

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 16:14:29 GMT

Congratulations!

Why are you "terrified"?

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 16:36:47 GMT

@Anonymous wrote:
Congratulations!

Why are you "terrified"?

Since this beats the highest limit I've ever had by $18000, it's kind of like that sudden realization that an institution looks at me as an adult responsible enough to handle that credit limit. It's very exciting, and it feels really good because I've worked really hard, but it's also a little scary.

Re: Navy Fed CC Approval!

Sandman771 — Fri, 20 Oct 2017 16:39:50 GMT

@Anonymous wrote:
@Bcunniff9 wrote:
I thought that and the AMEX was the hardest to get approved for because of the low APR. well, congrats anyways !!!
Oh! Haha. Shows what I know. Maybe I should have gone for one of the rewards card. Oh well! I am just so overjoyed that they approved me at all. I really didn't think they would because I've had such a hard time. (I think maybe my husband's score got factored in somehow, even though I only applied as myself and didn't put him down as an authorized user.)

You can call back in and ask them to PC that card to a different one with rewards if the APR doesn't matter. You just can't PC a card to the new Amex, but the cash rewards or go rewards are decent reward cards.

Re: Navy Fed CC Approval!

Anonymous — Fri, 20 Oct 2017 21:24:47 GMT

@Anonymous wrote:
@Anonymous wrote:
Congratulations!

Why are you "terrified"?
Since this beats the highest limit I've ever had by $18000, it's kind of like that sudden realization that an institution looks at me as an adult responsible enough to handle that credit limit. It's very exciting, and it feels really good because I've worked really hard, but it's also a little scary.

Well, you should be very proud of yourself.

Keep being responsible and you could have several with that kind of limit.

Re: Navy Fed CC Approval!

CreditMagic7 — Fri, 20 Oct 2017 21:41:07 GMT

Have to agree. Be relieved after you get over the shock of it

That limit fresh out of the gate can go a long way for you when you approach new prime bank lenders and they see that looking pretty.

Congratulations on the nice NFCU approval!

Re: Navy Fed CC Approval!

UncleB — Sat, 21 Oct 2017 05:39:15 GMT

@Sandman771 wrote:
@Anonymous wrote:
@Bcunniff9 wrote:
I thought that and the AMEX was the hardest to get approved for because of the low APR. well, congrats anyways !!!
Oh! Haha. Shows what I know. Maybe I should have gone for one of the rewards card. Oh well! I am just so overjoyed that they approved me at all. I really didn't think they would because I've had such a hard time. (I think maybe my husband's score got factored in somehow, even though I only applied as myself and didn't put him down as an authorized user.)
You can call back in and ask them to PC that card to a different one with rewards if the APR doesn't matter. You just can't PC a card to the new Amex, but the cash rewards or go rewards are decent reward cards.

This exactly. ^^^

@Anonymous, you can call them right now for a PC to one of the rewards cards (just not the Amex) since the underwriting is the same.

They might (or might not) adjust your interest rate upward to reflect the terms of the new account type, but there's no reason for you to not be getting rewards if you want them.

Congrats on the approval!