topic Re: NFCU CashRewards Approved! (4/3/2020) in Credit Card Approvals

NFCU CashRewards Approved! (4/3/2020)

MrZero — Sat, 04 Apr 2020 08:02:40 GMT

So I was going to wait until my secured Discover (hopefully) graduated in July/August to apply for a new card with 0% Intro APR for 12+ months and preferably with a cash back bonus, for a planned new PC build that'd I was considering for the Fall. Was leaning towards AMEX Blue Cash Everyday since at least currently it's exceeding that on the Intro APR length and CB bonus would be easy to reach plus I'm already PQ'd. However I started to change my mind and leaning towards waiting another year and since I recently joined NFCU I figure I'd be better off taking that time to build up my credit more. I knew I was going to go with the CashRewards card first (I already have a plan/place for it unless the rumor of their upgrading the rewards turns out to be true) and then after 3/91 get that second card which I'm leaning towards being the MoreRewards and a CLI request on the CR and that would be it for at least a year.

So with that in mind and still nervous about blindly applying, I called NFCU Friday evening to see what I was prequalified for, the CSR told me I was prequal'd for all of their cards I thanked him and hung up, perhaps I should've just done it on the phone because after I got off with him and applied only I was met with an error stating "We're unable to process your request at this time" and less than a minute after that came up I got notifications that my TU file had been accessed so the hard pull went through but I didn't know if I was approved or declined. Flashbacks of last week's disappointing SSL terms started running through my head, I heart started pounding, thoughts of it being further proof that NFCU doesn't love me started playing. Panic was setting in, I grabbed a paper sack to breathe into and my phone as my chest tightened to call them back.

After waiting a couple minutes that felt like days I got someone, told them about the error I recieved and asked about the status of my application. With a rush of relief the woman on the other end told me I had been approved with a $1,000 starting limit with 14.49% APR. Whew!

I might've embellished that a bit but that did make me pretty nervous. I expected $500 which would still be my highest limit of my own cards but at $1,000 that's more than twice my secured Discover and CapOne Platinum (secured, bleh) put together since I only did the minimums, never mind the APR that's 10-12% lower, not that it matters since I'm not carrying over balances. I'm pretty happy about it.

Re: NFCU CashRewards Approved! (4/3/2020)

AllZero — Sat, 04 Apr 2020 08:26:29 GMT

Congratulations on your approval!

Re: NFCU CashRewards Approved! (4/3/2020)

Mv350 — Sat, 04 Apr 2020 08:19:04 GMT

Congrats on your approval!!!!

Re: NFCU CashRewards Approved! (4/3/2020)

Anonymous — Sat, 04 Apr 2020 09:43:15 GMT

Congrats!

Re: NFCU CashRewards Approved! (4/3/2020)

Anonymous — Sat, 04 Apr 2020 10:06:08 GMT

Congrats on your approval.

Re: NFCU CashRewards Approved! (4/3/2020)

EverForward — Sat, 04 Apr 2020 10:48:17 GMT

Congratulations on your new card!

Re: NFCU CashRewards Approved! (4/3/2020)

seattletravels — Sat, 04 Apr 2020 11:19:08 GMT

Congrats!

Re: NFCU CashRewards Approved! (4/3/2020)

newfossil — Sat, 04 Apr 2020 11:48:14 GMT

Congratulations!

Re: NFCU CashRewards Approved! (4/3/2020)

Anonymous — Sat, 04 Apr 2020 12:30:29 GMT

Congratulations on your approval! 👍

Re: NFCU CashRewards Approved! (4/3/2020)

AverageJoesCredit — Sat, 04 Apr 2020 13:47:01 GMT

NOICE

Re: NFCU CashRewards Approved! (4/3/2020)

CreditobsessedinFL — Sat, 04 Apr 2020 14:37:08 GMT

Congratulations 🎉🎊🎈🍾!!! Gotta Love NAVY!!!

Re: NFCU CashRewards Approved! (4/3/2020)

M_Smart007 — Sat, 04 Apr 2020 15:28:27 GMT

Congratulations on your approval!..

Re: NFCU CashRewards Approved! (4/3/2020)

gingerflower — Sat, 04 Apr 2020 16:48:44 GMT

Congratulations!!

Re: NFCU CashRewards Approved! (4/3/2020)

Anonymous — Sat, 04 Apr 2020 19:17:52 GMT

Congrats on your NFCU cashRewards approval!

Re: NFCU CashRewards Approved! (4/3/2020)

19eighty5 — Sat, 04 Apr 2020 21:46:42 GMT

Congratulations on your approval!

Re: NFCU CashRewards Approved! (4/3/2020)

nuohlac — Sat, 04 Apr 2020 22:10:50 GMT

Congratulations on your approval!!!

Re: NFCU CashRewards Approved! (4/3/2020)

Anonymous — Sat, 04 Apr 2020 23:06:31 GMT

Congratulations!!!

Re: NFCU CashRewards Approved! (4/3/2020)

MrZero — Wed, 08 Apr 2020 21:48:33 GMT

Thanks for the congrats and the experience I've gained over the last four or so months of reading threads here. Don't have my card yet but they did e-mail the details for it Saturday so I used it to pay $10 of my internet bill as a test and to make it was open/active and wow, I was not expecting to generate my first statement so quickly. Glad it did though because that puts it in a good position timing wise with my Discover with due dates being ten days apart. So I guess it'll report next month after my next statement cuts?

Also decided that I'm going to PC my secured Discover the revolving 5% bonus in time for Q3 since it's the 5% cash back on resturants anyway and I usually use my Gas Buddy card's discount which right now has gotten significantly better savings than 2% (4% with the bonus) cash back thanks to the low prices and I'll probably get more use out of it in Q4 with Amazon.

Also, has anyone chatted with a Navy CSR recent about the potential CashRewards upgrade discussed in @Anonymous's topic about it last year?

https://ficoforums.myfico.com/t5/Credit-Cards/NFCU-is-looking-at-increasing-cashRewards-to-2/td-p/5704632

Re: NFCU CashRewards Approved! (4/3/2020)

CreditAggie — Thu, 09 Apr 2020 01:23:21 GMT

Congratulations on your approval!

Re: NFCU CashRewards Approved! (4/3/2020)

MrZero — Mon, 13 Apr 2020 14:31:10 GMT

Got my card today and the letter (actually four envelopes from them total) with my internal score and what affected it.

My NFCU Score: 324

Key Factors that adversely affected my score are.

Average Credit limit of open credit cards reported last 12 months.

Number of balance decreases on non-mortgage accounts in the last 3 months.

Limited credit experience.

Number of open satisfactory accounts that are 24 months or...

Something it cuts off there.