topic Re: NFCU Approval 15K astonished, in disbelief and a question. in Credit Card Approvals

NFCU Approval 15K astonished, in disbelief and a question.

AspiringDink1991 — Wed, 05 Feb 2020 04:29:44 GMT

I dont think I can belive it until my card actually arrives. I was just approved for a 15K cash rewards with NFCU, I've been with them for about 6 months with a Secured card at $500 and a SSL using the strategy I found here with a bank account through them that I use just for my bills account. My FICO tracking with them which uses Equifax says 696 and started with them back in August (only 6 months with them) at 620. But they pulled TU for this app which I'm not sure what it was at for their pull by MYFICO says TU is at 639. This is my highest limit card I've ever had ever. I had a bunch of bad happen in 2016 and I've been trying to recover from that MYFICO started at 604 back in 01/19 but I remember the 550's according to Credit Karma way back in 8/18.

Still have a few scattered baddies with Kohl's, Conn's, OneMain, Barclay, and a few medical bills only reporting to Experian

So I wanted yalls opinion, should I close all of my low limit secured cards, or would closing that many accounts look real bad? I'd be closing 5 accounts. All the secured ones $250 and under.

3-18HomeCredit/Sprint $500 unsecured

11-18 MyJewelersClub $5k CL

1-19 Discover $1k secured

1-19 Commenity $300 unsecured, CLI to $620 1-20

2-19 Applied Bank $200 Secured

2-19 GreenDot Platinum $200 Secured

2-19 GreenDot Primor $200 Secured

2-19 Open Sky $200 secured

2-19 BBVA $450 secured

8-19 NFCU $500 secured

8-19 NFCU SSL $3k paid down to $233

NEW!!! 2-20 NFCU Cash Rewards $15k

12-18 Self Lender loan of $500 paid off early 9-19, now secured card @$250

2-18 Honda $46k refinanced with Cap1 12-19 at $36k

Re: NFCU Approval 15K astonished, in disbelief and a question.

AllZero — Wed, 05 Feb 2020 04:30:43 GMT

Congratulations on your approval!

Re: NFCU Approval 15K astonished, in disbelief and a question.

AllZero — Wed, 05 Feb 2020 04:37:20 GMT

I would recommend closing any predatory secured card that has high APR, monthly/annual fee.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Wed, 05 Feb 2020 04:38:33 GMT

Congrats on your NFCU cashRewards approval and nice SL! Go ahead and close the low limit secured cards, starting with the one with the highest fees. In 91 days and 3 statements, you should be good for another NFCU card.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Wed, 05 Feb 2020 05:36:50 GMT

Congrats on your approval.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Wed, 05 Feb 2020 07:00:02 GMT

I would close these:

2-19 Applied Bank $200 Secured

2-19 GreenDot Platinum $200 Secured

2-19 GreenDot Primor $200 Secured

2-19 Open Sky $200 secured

12-18 Self Lender loan of $500 paid off early 9-19, now secured card @$250

Keep this one. It will graduate

1-19 Discover $1k secured

This one will grow fast with soft pulls.

1-19 Commenity $300 unsecured, CLI to $620 1-20

Also since you have a car loan I do not think the SSL is helping your score. You only need one loan to boost your FICO score. It may be helping you Navy profile though.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Shooting-For-800 — Wed, 05 Feb 2020 12:14:00 GMT

Close 1 every 90 days if you are worried.

Everything in moderation regarding credit.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Wed, 05 Feb 2020 12:42:47 GMT

Congratulations!

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Wed, 05 Feb 2020 13:41:01 GMT

Congratulations on your approval! 👍

Re: NFCU Approval 15K astonished, in disbelief and a question.

coreyb80 — Wed, 05 Feb 2020 15:07:05 GMT

Congrats on the approval!!

Re: NFCU Approval 15K astonished, in disbelief and a question.

SouthJamaica — Wed, 05 Feb 2020 16:09:35 GMT

@AspiringDink1991 wrote:
I dont think I can belive it until my card actually arrives. I was just approved for a 15K cash rewards with NFCU, I've been with them for about 6 months with a Secured card at $500 and a SSL using the strategy I found here with a bank account through them that I use just for my bills account. My FICO tracking with them which uses Equifax says 696 and started with them back in August (only 6 months with them) at 620. But they pulled TU for this app which I'm not sure what it was at for their pull by MYFICO says TU is at 639. This is my highest limit card I've ever had ever. I had a bunch of bad happen in 2016 and I've been trying to recover from that MYFICO started at 604 back in 01/19 but I remember the 550's according to Credit Karma way back in 8/18.
Still have a few scattered baddies with Kohl's, Conn's, OneMain, Barclay, and a few medical bills only reporting to Experian

So I wanted yalls opinion, should I close all of my low limit secured cards, or would closing that many accounts look real bad? I'd be closing 5 accounts. All the secured ones $250 and under.

3-18HomeCredit/Sprint $500 unsecured
11-18 MyJewelersClub $5k CL
1-19 Discover $1k secured
1-19 Commenity $300 unsecured, CLI to $620 1-20
2-19 Applied Bank $200 Secured
2-19 GreenDot Platinum $200 Secured
2-19 GreenDot Primor $200 Secured
2-19 Open Sky $200 secured
2-19 BBVA $450 secured
8-19 NFCU $500 secured
8-19 NFCU SSL $3k paid down to $233
NEW!!! 2-20 NFCU Cash Rewards $15k
12-18 Self Lender loan of $500 paid off early 9-19, now secured card @$250
2-18 Honda $46k refinanced with Cap1 12-19 at $36k

I agree with all the advice you've been given.

Feel free to close any account that's costing you money to keep open, but do it gradually.

Re: NFCU Approval 15K astonished, in disbelief and a question.

AverageJoesCredit — Wed, 05 Feb 2020 16:24:51 GMT

Awesome job

Re: NFCU Approval 15K astonished, in disbelief and a question.

M_Smart007 — Wed, 05 Feb 2020 16:29:55 GMT

Congrats!

Re: NFCU Approval 15K astonished, in disbelief and a question.

Traveler101 — Wed, 05 Feb 2020 17:18:01 GMT

Gotta love success. Big congrats!

Re: NFCU Approval 15K astonished, in disbelief and a question.

Openwater — Wed, 05 Feb 2020 17:33:55 GMT

And so it begins, congrats on the amazing SL. With a bit of gardening you should start seeing some better SL moving forward. Best of luck, cheers!

Re: NFCU Approval 15K astonished, in disbelief and a question.

Meanmchine — Thu, 06 Feb 2020 02:18:48 GMT

Big time congrats !

Re: NFCU Approval 15K astonished, in disbelief and a question.

Anonymous — Thu, 06 Feb 2020 05:46:42 GMT

Congrats!! Had similar experience. Got approved for 15k and couldnt believe, but it was true. They pulled TU 8 which was 700 at that time and on their scoring system I was 309 which they sent me a letter confirming. Got my approval late on a Friday night and was totally shocked, so Monday morning I went to my local brach and applied to have my 13% Auto from Cap One refinanced, it took every bit of 25min to apply and be approved with new terms and a intrest rate of 4.9% The loan officer gave me a hard check to send to Cap One and pay off, it was crazy, good luck with your future relationship with Navy and your credit journey.

Re: NFCU Approval 15K astonished, in disbelief and a question.

AspiringDink1991 — Thu, 06 Feb 2020 06:40:38 GMT

How do I find out what my internal score with them is? I REALLY want to refinance my car loan with them SOOOOO much but I just refinanced my loan with Cap One 9% From Honda 12% a month ago. I'm afraid that I'm too upside down on the vehicle for them to actually refinance it. I'm not sure if that is a factor and where the valuation comes from. I tried to refinance with them when I first opened the account but was denied. I think I'm gonna have to stay with Capital One for a while until I can go to them.

Re: NFCU Approval 15K astonished, in disbelief and a question.

Mv350 — Thu, 06 Feb 2020 07:19:20 GMT

Congrats on the approval and the progress!!!!

Re: NFCU Approval 15K astonished, in disbelief and a question.

newfossil — Thu, 06 Feb 2020 13:13:31 GMT

Congratulations!