topic Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature in Credit Card Approvals

NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 01:01:44 GMT

I was about to pull the trigger on the Altitude Reserve, since I was at 1 new account in the last 12 months. But I decided to avoid US Bank due to the rumor of devaluing RTR from 1.5cpp to 1cpp, and the unannounced devaluation of flexperks from 1.25 to 1cpp without warning. I find it fortuitous that all that news came out days before I planned on applying (I WAS waiting for TU to report AZEO, didn't have the patience). To make up for all that altitude reserve lusting, I decided to go for the Alaska card since me and my DW could make use of that companion pass every year easily, and the SUB is pretty nice. I also decided to just app the flagship rewards as well to make it my catch all card since that SUB just came back. I joined NFCU a few minutes before apping the credit card.

AAoA: 7 yrs

AoOA: 12.5 yrs

Income 140,000

Eq8:~820 Ex8:~800 TU8:~770

Had a Chase shutdown in mid 2018 for credit seeking behavior, I really dislike them.

2% Util

BoA Alaska Airlines Sig

17k SL

Lowest APR

Pulled EX

NFCU Flagship

10k SL

Lowest APR

Pulled TU

I was surprised they pulled TU since I thought they would've soft pulled TU for the membership and then HP'd EQ for the CC. Might've been able to get a bigger SL since TU was showing 18% util instead of 2% like the other CBAs, with over a 50% util on one card where the others reported it as 0 (TU has been frustratingly slow to update, about a week behind the others). I understand NFCU usually gives the large SL on second and third cards, but I don't really plan on getting any of their other ones - I'll read up on the SP CLI thread.

I want to refi my car loan through NFCU, but worried I'm asking too much of them too quickly. Might join Penfed since EQ is showing no new accounts and no inquiries yet and a 820 score - bit afraid of a follow up SP and these new lenders seeing all the inquiries and take adverse action despite my intent to PIF. After that I plan on gardening for over a year while we look for a home to finally buy (my income is peas where I live).

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Traveler101 — Sat, 07 Mar 2020 01:03:01 GMT

Big congrats!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

AllZero — Sat, 07 Mar 2020 01:03:06 GMT

Congratulations on your approvals!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

M_Smart007 — Sat, 07 Mar 2020 01:38:22 GMT

Congratulations!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

M_Smart007 — Sat, 07 Mar 2020 01:41:29 GMT

@Anonymous.. You will qualify for most likely a SP CLI on The Flagship after 91 days and 3 statements 91/3

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 01:45:19 GMT

Awesome! Would be nice if the CL was large enough that my monthly spend would be <9% util on it.

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

M_Smart007 — Sat, 07 Mar 2020 01:46:38 GMT

@Anonymous wrote:
Awesome! Would be nice if the CL was large enough that my monthly spend would be <9% util on it.

They can be pretty generous at times

Good Luck!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

blindambition — Sat, 07 Mar 2020 01:48:13 GMT

Congrats on your approvals. Navy will grow, Don't you worry!! 🥳

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 01:52:56 GMT

Nice! Congrats!!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 02:06:07 GMT

I don't think with Navy credit score is what determines CL amount. My 1st Navy I had around a 640 score & they gave me $24K. My 2nd Navy score was around 660.....$25k. $100K income that's what did it. My mother got a Navy card income around $40K she's retired and they gave her $12K first card.

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 02:07:44 GMT

Navy doesn't mind you asking for money. lol I have 2 CC totalling $55K & a Car loan that is now at $21K (was $32K) Got the car loan and 1st credit card a few months apart.

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 02:53:03 GMT

@Anonymous wrote:
I don't think with Navy credit score is what determines CL amount. My 1st Navy I had around a 640 score & they gave me $24K. My 2nd Navy score was around 660.....$25k. $100K income that's what did it. My mother got a Navy card income around $40K she's retired and they gave her $12K first card.

Problem with that theory is I put down 140,000... I will probably make 150-160k on my W2 this year (37k YTD already on paystubs, 2 months into the calendar year) but the 140,000 would be backed by last years tax return in case they asked for POI. So I don't think that applies. My DTI is quite low as well, less than 10%. I have a mix of installment account, 3 current ones 1 of which is more than 80% paid off and the rest more than 70%. Even have a mortgage that's paid off from a few years ago too. IMO my profile where it stand now (hasn't always been the case) should qualify for the highest SL. If i included my DW's income then it would look even better.

Might have to do with my highest other limits, which is only 14k. I've never chased CLIs to get that any higher.

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

M_Smart007 — Sat, 07 Mar 2020 02:52:40 GMT

@Anonymous wrote:
@Anonymous wrote:
I don't think with Navy credit score is what determines CL amount. My 1st Navy I had around a 640 score & they gave me $24K. My 2nd Navy score was around 660.....$25k. $100K income that's what did it. My mother got a Navy card income around $40K she's retired and they gave her $12K first card.
Problem with that theory is I put down 140,000... I will probably make 150-160k on my W2 this year (37k YTD already on paystubs, 2 months into the calendar year) but the 140,000 would be backed by last years tax return in case they asked for POI. So I don't think that applies. My DTI is quite low as well, less than 10%. I have a mix of installment account, 3 current ones 1 of which is more than 80% paid off and the rest more than 70%. Even have a mortgage that's paid off from a few years ago too. IMO my profile should qualify for the highest SL. If i included my DW's income then it would look even better.

Debt to Income is a huge factor they look at .. IMO

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 02:58:46 GMT

Just calc'd my DTI, which is 8.9%. Again, don't really care - but I do care about misleading others who will eventually search for DP posts and want them to know.

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 04:59:48 GMT

Congrats

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 06:11:46 GMT

Congrats!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Mv350 — Sat, 07 Mar 2020 10:54:38 GMT

Congrats on your success!

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Anonymous — Sat, 07 Mar 2020 13:13:07 GMT

Congratulations on your approvals! 👍

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Meanmchine — Sun, 08 Mar 2020 06:16:05 GMT

Double congrats !

Re: NFCU Flagship Rewards & BoA Alaska Airlines Signature

Creditmakhi — Sun, 08 Mar 2020 12:07:34 GMT

Congrats Navy is awesome