topic Re: Navy Federal Secured Approved! in Credit Card Approvals

Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 00:40:35 GMT

I applied for one of the NFCU cards, and was declined. My Fico score is 606, AAoA is 2 years. I have several subprime cards, (First Premier, Credit One Visa, Credit One Mastercard.). I only have one baddie, a medical collection that i paid 1 month after it appeared. However, I wasnt smart enough to request they remove it if i paid. Now I know. Anyways, after my denial, I applied for the Secured card from Navy Federal based on what i have been reading in the forums. It was approved!!! Yes, I only started with the $200 deposit, I will only use it to pay my netflix bill, let the statement come out, then pay it. I just wanted to share the good news that my foot is in the door. I would love to get a signature, but was informed i have to post some to get to the rank of "member". Well, off to a good start this month. Thanks for all the good info guys (and gals).

Re: Navy Federal Secured Approved!

simplynoir — Wed, 27 Feb 2019 00:42:26 GMT

Welcome to the forums, @Anonymous! And congrats on your approval the most important thing is you got in with NFCU the rest will come in due time.

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 00:49:32 GMT

Congrats! Sounds like you have a long view, and before you know it, opportunities will come.

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 00:55:30 GMT

I’m in the same position. Congrats. Waiting on my secured card now from nfcu.

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 01:23:34 GMT

Congratulations!

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 01:31:11 GMT

I started with a Secured NRewards from NFCU for $500 - 586 transunion

5 months into having the card I apped for my second card on a long shot....

Approved for Cash Rewards - $10,000 SL (yes - i fell on the floor)

Month 6 my Nrewards graduated to a $2000 CL.

Be positive and excited. PIF that bad boy every month and Navy will open the flood gates!!

Congrats!!!

Re: Navy Federal Secured Approved!

Remedios — Wed, 27 Feb 2019 02:50:03 GMT

Congrats on your approval

Re: Navy Federal Secured Approved!

19eighty5 — Wed, 27 Feb 2019 04:22:09 GMT

Congratulations on your approval! Getting in with Navy was one of the best things I've done for myself! Take care of Navy and they'll take care of you.

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 17:51:03 GMT

Congrats on your approval !!!

Re: Navy Federal Secured Approved!

Flex1 — Wed, 27 Feb 2019 19:32:43 GMT

@Anonymous wrote:
I applied for one of the NFCU cards, and was declined. My Fico score is 606, AAoA is 2 years. I have several subprime cards, (First Premier, Credit One Visa, Credit One Mastercard.). I only have one baddie, a medical collection that i paid 1 month after it appeared. However, I wasnt smart enough to request they remove it if i paid. Now I know. Anyways, after my denial, I applied for the Secured card from Navy Federal based on what i have been reading in the forums. It was approved!!! Yes, I only started with the $200 deposit, I will only use it to pay my netflix bill, let the statement come out, then pay it. I just wanted to share the good news that my foot is in the door. I would love to get a signature, but was informed i have to post some to get to the rank of "member". Well, off to a good start this month. Thanks for all the good info guys (and gals).

Congrats! You're on the right track! :-)

Re: Navy Federal Secured Approved!

Anonymous — Wed, 27 Feb 2019 20:01:43 GMT

currently 580 TU also

Recently joined NFCU

Would doing a 1,000 or 1,500 secured benefit more? or the same

Re: Navy Federal Secured Approved!

spiritcraft1 — Thu, 28 Feb 2019 00:05:41 GMT

@Anonymous wrote:
currently 580 TU also
Recently joined NFCU
Would doing a 1,000 or 1,500 secured benefit more? or the same

No further benefit score wise. It is easier to use with $1k on it though. Either way, pay in full and it will unsecure. If you make the deposit too big ($5k or something) it may take longer to unsecure. My Wife did $1k and they doubled the CL when it graduated. She also got approved for a $15k NFCU AMEX before her secured graduated. That NFCU history matters on new cards... not so much on CLI's in my experience.

Re: Navy Federal Secured Approved!

Anonymous — Thu, 28 Feb 2019 03:01:39 GMT

I've got that card myself, it helps that you can graduate after 5 months, the reward points help to.

Re: Navy Federal Secured Approved!

Anonymous — Sun, 11 Aug 2019 02:53:13 GMT

Did you guys/gals have an established checking and/or savings account with NFCU prior to apping for the secured? If so, what $ amt and age?

Re: Navy Federal Secured Approved!

Anonymous — Sun, 11 Aug 2019 03:12:55 GMT

i opened both checking and savings, my security deposit from my savings is what i funded the card with. When i graduated last week, it deposited my $300 back into my savings account, and the card graduated at 5 months to a $2k limit. Im keeping my fingers crossed that in 91 days they up that limit, but in any case, it matches my highest limit, so i aint mad.

Re: Navy Federal Secured Approved!

Anonymous — Sun, 11 Aug 2019 05:40:10 GMT

Congrats!!! We all started somewhere. You'll be surprised how fast your credit can grow with a little focus and patience.

Re: Navy Federal Secured Approved!

Anonymous — Sun, 11 Aug 2019 09:33:15 GMT

@Anonymous wrote:
i opened both checking and savings, my security deposit from my savings is what i funded the card with. When i graduated last week, it deposited my $300 back into my savings account, and the card graduated at 5 months to a $2k limit. Im keeping my fingers crossed that in 91 days they up that limit, but in any case, it matches my highest limit, so i aint mad.

Did you also apply for the Overdraft on your checking with NFCU when you opened the account? They hit you with a HP for it but its my understanding its a different UW standard and smoother results. This would get you another tradeline with them as well.

Re: Navy Federal Secured Approved!

Guyatthebeach — Sun, 11 Aug 2019 17:56:37 GMT

Congratulations, that's awesome. It's been a while since I heard someone had a secured card graduate in less than a year!

Keep on the rebuilding efforts!

Guyatthebeach

Re: Navy Federal Secured Approved!

MyFault — Sun, 11 Aug 2019 19:47:27 GMT

@Anonymous wrote:
I only have one baddie, a medical collection that i paid 1 month after it appeared. However, I wasnt smart enough to request they remove it if i paid. Now I know.

Have you tried to dispute that collection? Or, tried to call them and ask if they'll remove it? I've fortunately had good luck with the few collections i've ever had on my report, they were willing to remove when I PIF. However, i also had luck on one that i forgot to ask and simply dispute it, saying they stated they would remove from my CR. Never hurts to try.

Also, congrats on your card graduating!