topic Re: NFCU Flagship app for a new shipman in Credit Card Applications

NFCU Flagship app for a new shipman

Anonymous — Sat, 28 Mar 2020 14:06:07 GMT

Hey all! Hope you all are staying safe out there.

I recently have become a new member of NFCU. Looking to switch over my banking to them. (Plan to refinance my car with them in a couple months) Obviously though, I'm interested in one of their cards right now... the Flagship! As a CU card, it will give me some benefits my other cards don't have. The problem is all the other NFCU cards don't offer much for me that I have on other cards.

I hear it's commonly a hard card to get for a first time card from them. Any DPs on that? I don't have the best profile but I make do.

TU: 662 (per Disco app)

EXP: 703 (Exp app)

AAoA: 3 years, 1 month

Total CLs: 25K

Largest CL: 9.5K

Last card obtained: CSP, Nov 4, 2019 @ 5/24

Any insights and DPs would be awesome! Thanks!

Re: NFCU Flagship app for a new shipman

addicted_to_credit — Sat, 28 Mar 2020 14:20:08 GMT

It's not necessarily a hard card to get it has the same underwriting standards as the rest but it being a signature only card, it has a 5k minimum limit. With that said it is possible to get it as long as your scores (TU9), income, DTI and other factors in your profile support it. I think Navy can be generous even with first cards based on some DP's seen here.

Seeing the big difference in your listed scores, is there anything suppressing your TU?

Re: NFCU Flagship app for a new shipman

Anonymous — Sat, 28 Mar 2020 14:32:23 GMT

I have a collection paid 4 years ago on TU (Highest $772 now reported as $0). Just have to wait for it to fall off I suppose. I was young and didn't understand credit back then. Trust me, dragged it from the depths of high 400s three years ago.

Re: NFCU Flagship app for a new shipman

Caught750 — Sat, 28 Mar 2020 14:33:47 GMT

@addicted_to_credit wrote:
It's not necessarily a hard card to get it has the same underwriting standards as the rest but it being a signature only card, it has a 5k minimum limit. With that said it is possible to get it as long as your scores (TU9), income, DTI and other factors in your profile support it. I think Navy can be generous even with first cards based on some DP's seen here.

Seeing the big difference in your listed scores, is there anything suppressing your TU?

That's one train of thought. However, anecdotally, there are many DPs to dispute that. Mine included.

Joined NFCU, apped for Flagship next day, denied. Apped More Rewards (same profile) and approved for significantly more than $5k. 91/3 CLI got me to $23k.

I'm closing on a home in 2.5 weeks and Flagship is on my list of apps when I walk out. Hopefully I have better luck with it as a second card.

Others have apped for Flagship, with near 800 scores, as a first card and have gotten $10k limits as opposed to $15-25k like NFCU is known for.

YMMV and it could go either way.

Re: NFCU Flagship app for a new shipman

Anonymous — Sat, 28 Mar 2020 14:42:25 GMT

That's what I'm thinking. Some people with better profiles don't get it and some people closer to me squeak by. If I was planning to cancel my Gold Card, the More Rewards would be an easy choice. And then I have my QS with plans to get a CFU next year so the Cash Rewards doesn't make sense either.

Haha I just want Navy to love me. I'm gonna finish crunching numbers with the SUB and make a decision. I don't mind a hard pull as I don't plan to refinance my car for a couple more months. If I'm denied, it just means it wasn't meant to be and I will hold off for a bit. Im not hurting, just have a tuition payment coming up and would like a SUB.

Re: NFCU Flagship app for a new shipman

Caught750 — Sat, 28 Mar 2020 14:48:13 GMT

@Anonymous wrote:
That's what I'm thinking. Some people with better profiles don't get it and some people closer to me squeak by. If I was planning to cancel my Gold Card, the More Rewards would be an easy choice. And then I have my QS with plans to get a CFU next year so the Cash Rewards doesn't make sense either.

Haha I just want Navy to love me. I'm gonna finish crunching numbers with the SUB and make a decision. I don't mind a hard pull as I don't plan to refinance my car for a couple more months. If I'm denied, it just means it wasn't meant to be and I will hold off for a bit. Im not hurting, just have a tuition payment coming up and would like a SUB.

My gold card was closed for that reason. I have More Rewards and NFCU doesn't have an AF or make you jump through hoops to use credits. I have Aspire and Hilton is the main use of MR points. Chase doesn't make you pay excise fees to transfer UR points to airlines. I'll book Delta on my Altitude if I'm paying.

Take a shot at Flagship, if they say no give some other cards a thought. Does More Rewards ultimately make more sense than Gold? Do you have a low APR VISA, Platinum may be a good choice. Building history can only help.

Re: NFCU Flagship app for a new shipman

AverageJoesCredit — Sat, 28 Mar 2020 18:06:44 GMT

@addicted_to_credit wrote:
It's not necessarily a hard card to get it has the same underwriting standards as the rest but it being a signature only card, it has a 5k minimum limit. With that said it is possible to get it as long as your scores (TU9), income, DTI and other factors in your profile support it. I think Navy can be generous even with first cards based on some DP's seen here.

Seeing the big difference in your listed scores, is there anything suppressing your TU?

I would actually disagree with the first part here as it has been shown by various dps here how rare it is to get the FS as your first card. The UW actually is tougher than the other because of that 5k limit. Even if one has 5k limits already its not a slamdunk they willgive it to you. I think Navy looks at many factors to determine if a person qualifies for a FS like income, history, spend ability, score dti, amongst others.

Im a big proponent of going for whatever card suits your needs most, hp be darned, but i know not everyone feels the same. Even though another card may not meet your needs in rewards, nothing wrong in setting up your Navy foundation by using a card that can help build 3 or 6 month history so that when you do app the FS, they have more reason to give you more consideration. Best of luck and @addicted_to_credit no beef here lol just offering my average opinion

Re: NFCU Flagship app for a new shipman

K-in-Boston — Sat, 28 Mar 2020 18:13:37 GMT

I did get Flagship as my first NFCU card ($24k if I recall), but as mentioned up above it really depends on your profile. Mine was well-aged, squeaky clean and they asked for POI upon application, which I provided immediately. I'd suggest trying for Flagship if that's the one that makes most sense for you, and if denied app for another card.

Re: NFCU Flagship app for a new shipman

addicted_to_credit — Sat, 28 Mar 2020 19:04:57 GMT

@averagejoescredit, no beef at all buddy, I've seen a few flagship first cards and not in any way is it more common than any other card. I probably should have been a little more clearer but hey sometimes that happens!

Re: NFCU Flagship app for a new shipman

Anonymous — Sun, 29 Mar 2020 01:38:09 GMT

Apped for the Flagship. Not an instant denial! I got the message:

Just gonna wait by the phone for the next couple days and see what happens! Got documents to ready to send if needed. This young shipman could get sunk, but it was worth it. Will keep you updated.

Re: NFCU Flagship app for a new shipman

AllZero — Sun, 29 Mar 2020 01:44:59 GMT

@Anonymous wrote:
Apped for the Flagship. Not an instant denial! I got the message:

Just gonna wait by the phone for the next couple days and see what happens! Got documents to ready to send if needed. This young shipman could get sunk, but it was worth it. Will keep you updated.

Good luck on your application. May the odds be ever in your favor.

Re: NFCU Flagship app for a new shipman

SFLSpotter9210 — Sun, 29 Mar 2020 01:52:19 GMT

Totally agree with you AJC. And the data points totally support your statement. I had a pretty good profile when I signed up with NFCU. Income,DTI, and scores were above average at application and I went for the go rewards, approved right away for 1k SL which I was ok with according to data points.

I did a lot of spend and PIF several times a month. And come to the 91/3 appd for more rewards card 25k and 11.15%. And my 3rd FS @ 23,900 @ 11.49%. You treat NFCU right they will reciprocate.

Re: NFCU Flagship app for a new shipman

K-in-Boston — Sun, 29 Mar 2020 02:40:01 GMT

@Anonymous wrote:
Apped for the Flagship. Not an instant denial! I got the message:

Just gonna wait by the phone for the next couple days and see what happens! Got documents to ready to send if needed. This young shipman could get sunk, but it was worth it. Will keep you updated.

Best of luck. I'll keep my fingers crossed for you. Both of my NFCU cards went pending and I woke up the next day to see approvals in the "My Applications" section on the app the day after I submitted POI for the first and the day after applying for the second.

Re: NFCU Flagship app for a new shipman

Anonymous — Sun, 29 Mar 2020 02:56:47 GMT

My first NFCU card was the GoRewards card credit score was about 640ish......Chpt 13 dismissed was about 5 yrs old and they gave me a $24K cl after being a member for less than 1 month I almost went into cardic arrest because up until then my best card was the Cap 1 Venture $3K.......Flagship does have different underwriting than other cards.

@Anonymous wrote:
Hey all! Hope you all are staying safe out there.

I recently have become a new member of NFCU. Looking to switch over my banking to them. (Plan to refinance my car with them in a couple months) Obviously though, I'm interested in one of their cards right now... the Flagship! As a CU card, it will give me some benefits my other cards don't have. The problem is all the other NFCU cards don't offer much for me that I have on other cards.

I hear it's commonly a hard card to get for a first time card from them. Any DPs on that? I don't have the best profile but I make do.

TU: 662 (per Disco app)
EXP: 703 (Exp app)
AAoA: 3 years, 1 month
Total CLs: 25K
Largest CL: 9.5K
Last card obtained: CSP, Nov 4, 2019 @ 5/24

Any insights and DPs would be awesome! Thanks!

Re: NFCU Flagship app for a new shipman

Anonymous — Sun, 29 Mar 2020 03:00:28 GMT

I never heard of folks having to submit taxes or paystubs like other credit unions make you do so you may not need them. My 2 NFCU cards the Amex and GoRewards gave me the same 24 hour message but the next day got the text mess/email I was approved. That's not uncommon to get that 24 hour message does not at all mean a denial

@Anonymous wrote:
Apped for the Flagship. Not an instant denial! I got the message:

Just gonna wait by the phone for the next couple days and see what happens! Got documents to ready to send if needed. This young shipman could get sunk, but it was worth it. Will keep you updated.

Re: NFCU Flagship app for a new shipman

Meanmchine — Sun, 29 Mar 2020 03:33:21 GMT

Good luck on whatever you decide. Id like to get a FS too

Re: NFCU Flagship app for a new shipman

M_Smart007 — Sun, 29 Mar 2020 04:00:37 GMT

@Anonymous wrote:
Apped for the Flagship. Not an instant denial! I got the message:

Just gonna wait by the phone for the next couple days and see what happens! Got documents to ready to send if needed. This young shipman could get sunk, but it was worth it. Will keep you updated.

Good luck on your application. Keep us posted.

Re: NFCU Flagship app for a new shipman

cjc6464 — Sun, 29 Mar 2020 04:07:38 GMT

Good luck! I used to use USAA, I like banking with NFCU a lot more. USAA has great insurance though..

Keep us posted!! Good luck!

Re: NFCU Flagship app for a new shipman

Anonymous — Sun, 29 Mar 2020 16:59:41 GMT

Thrown overboard! I got a denial. I'm gonna try to do some recon and see where that gets me. Sent an SM since I hear some have had success that way. If that fails, I will try a call later after I get the mail with reasoning.

Chase has prepared me for rejection and I made them love me. I can do the same with NFCU!

Re: NFCU Flagship app for a new shipman

AllZero — Sun, 29 Mar 2020 18:05:06 GMT

@Anonymous wrote:
Thrown overboard! I got a denial. I'm gonna try to do some recon and see where that gets me. Sent an SM since I hear some have had success that way. If that fails, I will try a call later after I get the mail with reasoning.

Chase has prepared me for rejection and I made them love me. I can do the same with NFCU!

That is unfortunate. Hope you'll be able to recon. Maybe get another card using the same pull. Perhaps, build up some history with Navy, then go for the Flagship as a 2nd card?