topic Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines in Credit Card Applications

NFCU as third CC - Data Points?

lamplight2012 — Sat, 06 May 2017 20:04:31 GMT

Hello, all.

I'm now a member of NFCU with Checking/Savings account. Currently, I have two Cap 1 CC totalling $1,300 credit line. This card will be added just to satisfy FICO scoring, and to help utilization. Not interested in rewards. I see the NFCU Platinum. Do you think with my scores I'll be approved?

NFCU Platinum(8.74% to 18%)

[Terms & Conditions]

No annual fee
No balance transfer fee
No cash advance fee
No foreign transaction fee

Best interest rate of all our cards
Earn statement credits through Member Mall®2
Available in MasterCard and Visa

Thank you!

Re: NFCU as third CC - Data Points?

Anonymous — Sat, 06 May 2017 20:34:34 GMT

Hi lamplight2012! How long have your CapOnes been open? What is your AAoA (average age of accounts)? I don't know how NFCU is with thin files either, I'm sure more knowledgeable myfico'ers will chime in to help..😊

Re: NFCU as third CC - Data Points?

AverageJoesCredit — Sat, 06 May 2017 20:45:34 GMT

Hello Lamplight, posting on questions about apping and approvsl odds would be better served in Applications subforum or credit cards as approvals is for approvals only.

In regards to your question im on mobile so i cant see your sigbature and we almost no data points to work from to help give you better advice. It would be gelful if you could list your current Fico score, utilization , and maybe aaol. Do you have any baddies etc. I know many hwve been able to get a good limit with Navy with a limited profile but also having a strong income and low dti will really help.

Re: NFCU as third CC - Data Points?

AverageJoesCredit — Sat, 06 May 2017 20:47:23 GMT

Sorry just saw post was moved or im going crazy

Re: NFCU as third CC - Data Points?

Anonymous — Sat, 06 May 2017 20:58:15 GMT

With scores over 670 you should be golden for the platinum at a single digit apr. If your utilization is sub 10%, I wouldn't be surprised to hear about your $10-20k SL in the next few hours.

Re: NFCU as third CC - Data Points?

Anonymous — Sat, 06 May 2017 21:04:24 GMT

I should probably add that I apped with a TU score just shy of 600, 1% uti on $3.2k of revolving cards, a CO with Merrick still showing unpaid. I was approved. However, my income is pretty good, and my credit history has been perfect since February with large payments thanks to this forum finally teaching me how to use credit. My nfcu internal score was around 370 out of 450 when the card came.

Applying to Navy for a CC, resulting in 3 total revolving credit lines

Anonymous — Sat, 06 May 2017 22:52:56 GMT

Hey LL,

I looked over some of your past posts, so I would be able to make a more informed response, given that you currently only have two CCs.

With the increase in your Fico scores, you should be approved.

As you may have noticed, it is the weekend, and if you are not immediately approved, the skeleton crew they have working on weekends, might not have the time to review your application and get it approved quickly & in a TIMELY manner.

My recommendation is for you to consider applying next week. This way they have a full staff of loan officers and under writers to review your application and "appeal" known as a Recon, reconsideration. In the message you would address their answers as to why you were denied, and why they should approve you. You obviously have enough reasons and information to address that you are a safe and reliable risk on their part.

I have successfully conducted recons with both Navy & Pen Fed, and find the effort to be more easily resolved and in a timely manner during the work week.

Best Wishes!!!

@lamplight2012 wrote:
Hello, all.

I'm now a member of NFCU with Checking/Savings account. Currently, I have two Cap 1 CC totalling $1,300 credit line. This card will be added just to satisfy FICO scoring, and to help utilization. Not interested in rewards. I see the NFCU Platinum. Do you think with my scores I'll be approved?

NFCU Platinum(8.74% to 18%)

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

lamplight2012 — Tue, 09 May 2017 00:49:44 GMT

Thanks for the responses everyone. Had to recover from Derby weekend in Louisville, KY.

My utilization is a tad over 30 %, so I'm going to knock that out first, then apply. I'll update the thread once I do!

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

lamplight2012 — Mon, 31 Jul 2017 20:49:49 GMT

A little bit of delay, but, here it is! My biggest tradeline yet! I ain't going to lie, I kinda lost my breath a little. lol woohoo

Congratulations - You're Approved!

You have been approved for a Platinum card from Navy Federal. Your credit line will be $14,400.

$14,400Credit Limit

9.74% variable APR, $0 Annual Fee

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

fltireguy — Mon, 31 Jul 2017 21:27:19 GMT

Congrats on your approval!! NICE APR and SL!!!

Just wait about 100 days until you get your first CLI.. You should easily hit $20k-$24k after the AR

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

Glen_M — Mon, 31 Jul 2017 23:12:12 GMT

Congratulaitons, that's a great feeling when you're building credit to get a much higher limit.

@fltireguy wrote:
Congrats on your approval!! NICE APR and SL!!!

Just wait about 100 days until you get your first CLI.. You should easily hit $20k-$24k after the AR

I wouldn't worry about pushing for the CLI just yet. Navy already gave him over 10x the limit the other lender did.

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

lamplight2012 — Tue, 01 Aug 2017 16:03:43 GMT

@fltireguy wrote:
Congrats on your approval!! NICE APR and SL!!!

Just wait about 100 days until you get your first CLI.. You should easily hit $20k-$24k after the AR

Thank you very much!

What is AR?

Re: Applying to Navy for a CC, resulting in 3 total revolving credit lines

lamplight2012 — Tue, 01 Aug 2017 16:06:59 GMT

@Glen_M wrote:
Congratulaitons, that's a great feeling when you're building credit to get a much higher limit.

Thank you! I can't believe they gave me that much. I'm probably going to hit the garden for awhile. We plan on getting a house in the next year or so.

To highlight, yes, it's a great feeling!

Re: NFCU as third CC - Data Points?

AverageJoesCredit — Tue, 01 Aug 2017 17:42:13 GMT

AR = Account Review

Re: NFCU as third CC - Data Points?

lamplight2012 — Tue, 01 Aug 2017 17:46:50 GMT

@AverageJoesCredit wrote:
AR = Account Review

Thanks, AverageJoesCredit.

Do you know how long it takes for NFCU to post the tradeline to CR?

Re: NFCU as third CC - Data Points?

Glen_M — Thu, 03 Aug 2017 11:07:41 GMT

@lamplight2012 wrote:
@AverageJoesCredit wrote:
AR = Account Review
Thanks, AverageJoesCredit.

Do you know how long it takes for NFCU to post the tradeline to CR?

The basic details of the account will show up within a few days of approval. After the first monthly statement is issued the rest will be filled in -- it might take a few days for the CRs to update.