topic Re: Need NFCU pre approval help in Credit Card Applications

Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 02:44:00 GMT

I'm a new poster and will try to keep this short. First I have to say that I am amazed at the vast amount of awesome information that one can find here, and the generosity of those who are willing to share and enlighten others. I am a recent member of NFCU (joined in November of last year 2016) with a checking and savings account. A couple of weeks ago while checking my accounts on line, I noticed a button for credit card products. I clicked on the button and there was an offer for a pre-approved Platinum or Go Rewards card. Well because I like to think things through, I did not apply right away. Approximately 2 or 3 days later I checked my accounts again and the offer was no longer there. Because I have heard such wonderful things about NFCU credit products, I really wanted in. So I started checking my accounts daily and the pre-approved offer appeared again on yesterday with a apply before March 01 expiration date.

Has anyone had experience with NFCU pre-approvals and are they solid? Given my information below, what are my chances for approval?

Cards I have and Spending Limits:

American Express-PRG-No Pre Set Spending Limit

American Express-BCE-$10,000

Bank of America-American Express-$19,000

Bank Of America-Rewards Visa Sig-$7,000

Chase Freedom-$9,000

Chase Slate-$15,500

Capital One-QS-$2000

Capital One-QS-$600

Capital One-QS1-$500

FNB Omaha-Visa Sig-$30,000

Sam's Personal Credit-$20,000

Wells Fargo Rewards-Visa Sig-$13,000

Utilization:

11%

Fico 08 scores/Inquiries:

Equifax 775/0; Experian 801/0; Transunion 794/1

Average Age of Accounts:

13 years, 4 months

Hopefully I have included enough pertinent information to assist with my request; and thanks to all for your time and input.

Re: Need NFCU pre approval help

AverageJoesCredit — Sat, 11 Feb 2017 03:13:34 GMT

Your profile looks great! Id think Navy would give you a great limit. Worth a shot!!

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 03:33:00 GMT

Thanks AverageJoe, I sincerely appreciate your input. You wouldnt believe that a grown man is sitting here with trembling fingers and sweating bullets because I've not app'd for a credit card in years.

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 03:41:03 GMT

Go for it! Your scores are better than mine and while I dont know your actual income - given your other CL, you shouldnt have a problem getting a great credit line. I was instantly approved for their Cashrewards card ($23,300) and their CLOC ($10k).

Re: Need NFCU pre approval help

oldman425 — Sat, 11 Feb 2017 03:57:03 GMT

I'm thinking you have a great chance to get approved with a nice SL.

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 03:59:24 GMT

Thankyou kindly Myrwyn. You have great starting limits from NFCU. I definitely wish to obtain both products, Credit Card and CLOC.

I thought I might have forgotten something when I listed my information. My annual income is $115K, before year end bonuses.

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 13:17:19 GMT

Our household is $117k if that helps you. I was on the phone for the Visa app and had butterflies in my stomach! I understand the nerves. Great relief when the aproval came back and did a mental happy dance with the SL.

Re: Need NFCU pre approval help

steelers1 — Sat, 11 Feb 2017 13:28:44 GMT

@Anonymous wrote:
I'm a new poster and will try to keep this short. First I have to say that I am amazed at the vast amount of awesome information that one can find here, and the generosity of those who are willing to share and enlighten others. I am a recent member of NFCU (joined in November of last year 2016) with a checking and savings account. A couple of weeks ago while checking my accounts on line, I noticed a button for credit card products. I clicked on the button and there was an offer for a pre-approved Platinum or Go Rewards card. Well because I like to think things through, I did not apply right away. Approximately 2 or 3 days later I checked my accounts again and the offer was no longer there. Because I have heard such wonderful things about NFCU credit products, I really wanted in. So I started checking my accounts daily and the pre-approved offer appeared again on yesterday with a apply before March 01 expiration date.

Has anyone had experience with NFCU pre-approvals and are they solid? Given my information below, what are my chances for approval?

Cards I have and Spending Limits:
American Express-PRG-No Pre Set Spending Limit
American Express-BCE-$10,000
Bank of America-American Express-$19,000
Bank Of America-Rewards Visa Sig-$7,000
Chase Freedom-$9,000
Chase Slate-$15,500
Capital One-QS-$2000
Capital One-QS-$600
Capital One-QS1-$500
Capital One-QS1-$500
FNB Omaha-Visa Sig-$30,000
Sam's Personal Credit-$20,000
Wells Fargo Rewards-Visa Sig-$13,000

Utilization:
11%

Fico 08 scores/Inquiries:
Equifax 775/0; Experian 801/0; Transunion 794/1

Average Age of Accounts:
13 years, 4 months

Hopefully I have included enough pertinent information to assist with my request; and thanks to all for your time and input.

You are a shoe in according to your profile compared to others including myself.

NFCU is awesome!

A little off topic...

You have a very nice line up of cards and limits.

Have you ever thought about combining your Cap Ones into one card?

If your QS1's carry an annual fee then I would try to combine them into one of your other QS's that don't.

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 21:21:08 GMT

I appreciate your input oldman425.

Re: Need NFCU pre approval help

Anonymous — Sat, 11 Feb 2017 21:39:47 GMT

Thank you kindly for your input steelers1.

I have considered combining my Cap One cards but want to do a little more research to determine if it could possibly have an adverse effect on my AAoA. I've been able to have the AF waived each year. Even when I've paid the AF, they would give me a waiver and reimburse me by check. I do have some interest in the Venture card so combining those small limit QS accounts seems to be a reasonable approach.

Re: Need NFCU pre approval help

DeeBee78 — Sat, 11 Feb 2017 22:49:07 GMT

@Anonymous wrote:
Thank you kindly for your input steelers1.
I have considered combining my Cap One cards but want to do a little more research to determine if it could possibly have an adverse effect on my AAoA. I've been able to have the AF waived each year. Even when I've paid the AF, they would give me a waiver and reimburse me by check. I do have some interest in the Venture card so combining those small limit QS accounts seems to be a reasonable approach.

The only possible adverse effect to your AAoA would be 10 years after closing them, when the accounts fall off of your credit reports. Your AAoA from your other accounts will lessen that blow.

Anything over five years of AAoA means very little from a scoring perspective. It's AAoA of less than two years that has the biggest impact to your score, but even then it's a minimal impact.

Re: Need NFCU pre approval help

Anonymous — Sun, 12 Feb 2017 16:31:04 GMT

Thanks for sharing that information DeeBee78. You've made it much more clearer compared to the information i have gathered thus far.