topic Re: Which NFCU Card To Apply For? in Credit Card Applications

Which NFCU Card To Apply For?

Dalmus — Mon, 31 Oct 2016 20:17:42 GMT

So I joined NFCU finally. I got the welcome email today, and will call later to fund my accounts.

Like most of you, I'd like to apply for a card from them, but I'm not sure which one to go for. Most of the people here talking about their approvals don't mention which card... I'd like to apply for the card that actually matches my credit score to minimize chances of a denial or a low limit. I'm also interested in what the general income levels are of these people that have scores in the lower half of the 600's.

My preference would be the Flagship Rewards with the 0% intro rate, I would use a larger SL for balance transfers and would happily close the cards that I'm transferring balances from (TD Bank and Legacy Visa). BUT, as the most attractive card in the lineup, I'm sure its also got the srictest approval requirements.

My generic stats are as follows:

Scores: EQ - 690, TU - 693, EX - 679

Inq: TU - 13, EQ - 12, EX - 11

Util: 23% overall over 5 cards.

Income: Me, $50Kish. Combined me and spouse, $110Kish (we have access to each others funds, but prefer to leave credit separate for now as I'm rebuilding and she's pristine).

I paid off three cards to $0 this month, so I won't apply until they report. I anticipate that I'll hit the 700's on at least one score after they do... But which of the NFCU cards am I the best match for?

Thanks!

Re: Which NFCU Card To Apply For?

Anonymous — Mon, 31 Oct 2016 20:47:27 GMT

Hi Dalmus, I would try for the Flagship singularly first. The only "stricter" requirement is that has to have a minumum $5,000 credit limit, they are generous with their credit lines and you have some other cards that are near that. If they don't approve you I would go for the joint account, or you individually go for cash rewards, and your wife for the Flagship. Just be aware the Flagship offer expires 11:59 PM EST Tonight!!! Good luck, let us know how it goes.

Re: Which NFCU Card To Apply For?

Dalmus — Mon, 31 Oct 2016 21:00:00 GMT

@Anonymous wrote:
Hi Dalmus, I would try for the Flagship singularly first. The only "stricter" requirement is that has to have a minumum $5,000 credit limit, they are generous with their credit lines and you have some other cards that are near that. If they don't approve you I would go for the joint account, or you individually go for cash rewards, and your wife for the Flagship. Just be aware the Flagship offer expires 11:59 PM EST Tonight!!! Good luck, let us know how it goes.

Oh my... I didn't catch that on the website when I was looking it over.

I'll give them a call after work this evening and fun my account, then I'll see if I can feel them out about approval odds (if they'll give me a general guideline). I'd just hate to waste a HP. If they deny, maybe in recon my offer to close the transferring cards might sway them, eh?

Thanks for the response!

Re: Which NFCU Card To Apply For?

Anonymous — Mon, 31 Oct 2016 21:04:20 GMT

Not to be a downer but from my experience working there they are strictly told to say nothing, or give any opinion on approval. You can ask them to check your UAD (internal account system) offers to see if there is a targeted offer available to you. Occasionally they offer un advertised card offers this way. Typically for the Go Rewards card.

Re: Which NFCU Card To Apply For?

Dalmus — Mon, 31 Oct 2016 21:12:47 GMT

I suppose that makes sense... LImits the amount of angry people claiming "The CSR told me I'd be approved!"

Either way, I'll fund my account tonight. Maybe I'll just do the online app after I get my login information.

Thanks!

Re: Which NFCU Card To Apply For?

AverageJoesCredit — Mon, 31 Oct 2016 21:42:54 GMT

Hi Dalmus, just wanted to say good luck and your stats are NOT generic lol!. They look good to me and i could only wish to make 50k . Best of luck if you decide to spply tonight

Re: Which NFCU Card To Apply For?

Anonymous — Mon, 31 Oct 2016 23:03:02 GMT

I've had the nRewards card forever, it was my first card when I was rebuilding from my divorce in the early 2000s and they gave it to me secured. After time it became unsecured and recieved a bunch of CLIs.

Now its up to 20k limit and I just got an APR reduction down to 10.24%. I keep it due to the higher limit and the age of the account, I don't use it much. The rewards are pretty useless, although every few years I remember I have them and order some gift cards.

I've thought about adding another card from them, but I don't really need it.

Re: Which NFCU Card To Apply For?

UncleB — Mon, 31 Oct 2016 23:11:48 GMT

I personally don't think you'll have any problems, and I look forward to seeing your approval thread.

To add a data point, I was approved last November for the Platinum MasterCard (I wanted the lowest APR). I still had a couple of 'baddies' reporting, and my score was around 710-ish. With an income similar to yours I was approved for $15.3k at 10.99%.

Re: Which NFCU Card To Apply For?

BIGSTARXXX1 — Mon, 31 Oct 2016 23:15:45 GMT

I had similar scores - much less inquiries, and make 165K - denied on nRewards

only baddie is I just have a discharged Ch 13 on my credit report (Ch 13 filed 6/2010. discharged 9/2015)

7 positive tradelines

Util = 1%

you may have better luck

Re: Which NFCU Card To Apply For?

happypill — Mon, 31 Oct 2016 23:26:37 GMT

The Flagship card has a $49 AF. Do you spend enough to justify the AF? If not, get one of the other cards.

Re: Which NFCU Card To Apply For?

Dalmus — Tue, 01 Nov 2016 00:06:32 GMT

@happypill wrote:
The Flagship card has a $49 AF. Do you spend enough to justify the AF? If not, get one of the other cards.

Yeah, I thought about that. There's no annual fee the first year, and if approved I would save far more than $49 in interest.

By the time my Discover 0% period runs out, I will shift all my spending to the NFCU card. I do have to put $3,000 through it in the first 90 days to give me 30,000 bonus points, but I'll have that covered in less than two months. With normal monthly spend, I'll earn about 24,000 points, which as far as I can tell gets me about $200 in gift cards. I'm okay with that, coupled with a lower interest rate.

Of course, that all assumes I am approved for the card and get a decent limit so that I can use it beyond my balance transfer desires, although I would still force the $3,000 in spending through.

I decided the benefits outweigh the potential downside (wasted HP vs a savings in monthly minimum payments and interest savings which will build my snowball even bigger). I pulled the trigger and applied online, and got a 24 hour message. Let's cross our fingers for me!

Re: Which NFCU Card To Apply For?

AverageJoesCredit — Tue, 01 Nov 2016 00:43:09 GMT

Fingers crossed

Re: Which NFCU Card To Apply For?

Anonymous — Tue, 01 Nov 2016 01:35:48 GMT

My data---At the beginning of October, I was approved for the NFCU Cash Rewards (did not apply for the Flagship). But my scores were very similar to yours. They are in my siggy. My income is MUCH less than yours. I have a BK7 from two years ago reporting. I was given a starting limit of $5K. All that to say, I think you might be approved for the Flagship, all things considered.

Good luck!

Re: Which NFCU Card To Apply For?

Dalmus — Tue, 01 Nov 2016 02:12:53 GMT

Do I just had a thought... If the intro offer expires on 11/1, should I wait for the 24 hour review, and would that mean that I lose out on the offer if approved?

Or should I call in and see if anyone can make a decision before midnight?

Re: Which NFCU Card To Apply For?

Anonymous — Tue, 01 Nov 2016 02:27:29 GMT

Should be from app date, just to be safe I would probably call in. If they ask why you need an instant decision just say you were planning on making purchases and wanted to make them on that card. The underwriting extension is 43500 if they say they don't know it, but usually they are very helpful. Good luck!

Re: Which NFCU Card To Apply For?

Dalmus — Wed, 02 Nov 2016 16:05:42 GMT

Just as an update, they said no to the Flagship Visa. They also said I may qualify for the goRewards and that they'd use the same credit report if I wanted to apply, so I said why not, and threw in another application.

Of course, I got hit with a 24 hour review and another inquiry. I'll see what they do on this one, and if I get the card, I'll let it lie. If I don't, I'll ask them to remove the new inquiry.

Re: Which NFCU Card To Apply For?

Anonymous — Wed, 02 Nov 2016 16:14:46 GMT

@Dalmus wrote:
Just as an update, they said no to the Flagship Visa. They also said I may qualify for the goRewards and that they'd use the same credit report if I wanted to apply, so I said why not, and threw in another application.

Of course, I got hit with a 24 hour review and another inquiry. I'll see what they do on this one, and if I get the card, I'll let it lie. If I don't, I'll ask them to remove the new inquiry.

Sorry to hear this Dalmus. Here's to hoping for the Go Rewards. Did you try a recon with the Flagship Visa app?

Re: Which NFCU Card To Apply For?

Dalmus — Wed, 02 Nov 2016 16:25:43 GMT

ItsPossible wrote

Sorry to hear this Dalmus. Here's to hoping for the Go Rewards. Did you try a recon with the Flagship Visa app?

I did via secure message, and they just told me that I didn't qualify for the $5,000 limit required for the card.

If I get denied for the goRewards, I wonder if it'd be better if I call in for recon rather than secure message?

Re: Which NFCU Card To Apply For?

Anonymous — Wed, 02 Nov 2016 16:40:25 GMT

@Dalmus wrote:
ItsPossible wrote
Sorry to hear this Dalmus. Here's to hoping for the Go Rewards. Did you try a recon with the Flagship Visa app?
I did via secure message, and they just told me that I didn't qualify for the $5,000 limit required for the card.

If I get denied for the goRewards, I wonder if it'd be better if I call in for recon rather than secure message?

Sorry, I'm not completely sure of the best medium for reconning with them. I would think actually talking to a live person would be better. You have the ability to truly explain yourself, etc. But, hopefully, someone can come on and provide some sound advice.

Re: Which NFCU Card To Apply For?

Dalmus — Wed, 02 Nov 2016 16:44:33 GMT

Well, perhaps it won't be necessary. I'll keep the positive thoughts flowing.