topic Re: NFCU SUCESS!! in Credit Card Applications

NFCU SUCESS!!

Anonymous — Mon, 25 Jan 2021 18:55:05 GMT

Just became a member of NFCU!!! 🙂

It also looks like I am prequalified for all of there cards. Wanted to ask y'all which one I should start off with as a brand new member. Also, after that what is the best way to increase the CLI? All thoughts welcome. From what I've seen the flagship seems like a long shot for a new member

Re: NFCU SUCESS!!

Credit4Growth — Mon, 25 Jan 2021 19:07:12 GMT

First, welcome to navy!

The Flagship CC has a starting minimum limit of $5K and many have been unsuccessful in obtaining an approval as their first Navy card. Aside from that alone, the credit cards all seem to have the same underwriting (qualifications).

As far as what is best, take additional time to review there website.

https://www.navyfederal.org/loans-cards/credit-cards.html

The credit card that best benefit you will be the one that fits your spending patters, as you should not want to end up choosing a card you will not utilized and thus it will not benefit much... other than utilization padding.

Welcome to Navy Federal!

Best of Luck!

Re: NFCU SUCESS!!

gingerflower — Mon, 25 Jan 2021 19:07:20 GMT

Congratulations on becoming a member with Nfcu and welcome to the FICO Forum. My experience with Nfcu the Flagship cc is a Signature cc and you have to at least get a $5000 SL. I would recommend the Cash rewards, Morerewards or Gorewards. The Platinum has a lower APR and really good for a balance transfer. Hope this helps. Others on the forum can chime in.

Re: NFCU SUCESS!!

Anonymous — Mon, 25 Jan 2021 19:20:34 GMT

Great. Thank you all. I just became a member today. Should I hold off on the app for the card or can I go ahead and submit since I am prequalified. I did hear prequals are not guaranteed. Thoughts welcome

Re: NFCU SUCESS!!

Anonymous — Mon, 25 Jan 2021 19:22:35 GMT

I'm hoping to get a high limit and util padding. I have some large purchases to make over the next month or two and will pay it back a few weeks after. Hoping to get the card with the highest credit line.

Re: NFCU SUCESS!!

Credit4Growth — Mon, 25 Jan 2021 20:26:27 GMT

@Anonymous wrote:
Great. Thank you all. I just became a member today. Should I hold off on the app for the card or can I go ahead and submit since I am prequalified. I did hear pre-qualifying are not guaranteed. Thoughts welcome

Oh... the pre-qualifying portion of the site...

It is garbage.

Let me attempt to lightly qualify my response.

If you are approved for a cc today, you may also be pre-qualifying or another (or several) tomorrow. Navy will not approve a second application for a cc within 90 days.

That is not saying to mmuch as far as qualifying my response but for now the take away is that the pre-qualifying portion of their website is viewed as La' Trash!

As far as applying today that is mainly personal preference and you know the contents of your credit report best.

Re: NFCU SUCESS!!

Rebuild2019 — Mon, 25 Jan 2021 19:42:33 GMT

Congratulations on your membership.

Re: NFCU SUCESS!!

AllZero — Mon, 25 Jan 2021 20:17:42 GMT

Congratulations on your membership!

Re: NFCU SUCESS!!

SFLSpotter9210 — Mon, 25 Jan 2021 20:30:53 GMT

Congratulations on your membership with NFCU. Truthfully without anyone knowing your history it's anyone's guess. If you do some research on here you'll see some new members with impeccable history got low starting limits it's just how they work. I had a relatively good history and my first card started out at 1K. They are a relationship based CU and once they get to know you the skies the limit. I've been with them since September 2019 and my TCL witht them now is 65,500. Good luck with whatever you decide.

Re: NFCU SUCESS!!

dudefromtx — Mon, 25 Jan 2021 20:49:33 GMT

Congrats on your membership!

Re: NFCU SUCESS!!

Credit4Growth — Mon, 25 Jan 2021 20:52:15 GMT

@SFLSpotter9210 wrote:
Congratulations on your membership with NFCU. Truthfully without anyone knowing your history it's anyone's guess. If you do some research on here you'll see some new members with impeccable history got low starting limits it's just how they work. I had a relatively good history and my first card started out at 1K. They are a relationship based CU and once they get to know you the skies the limit. I've been with them since September 2019 and my TCL witht them now is 65,500. Good luck with whatever you decide.

+ 100%

I had a very thin file and an unpaid charge off when I joined Navy as well as when I apped for both the Flagship May 2019 and the Platinum in August 2019. Uh, not so thin by the time of the Platinum app. More importantly, IMHO, my DTI was less than 1% and I had 2 other products with Navy for 8.5 months before I applied for the first credit card with them.

I did not think it would have been enough of a relationship but Navy thought so in addition to my credit profile, thus I received a healthy starting limit. In a nutshell I took the course of action that made sense to me after reading much of the following thread.

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional-Cards/td-p/3419729

I am not saying you have read that. For me, I was just rebuilding my credit n a way that worked for me.

Again, best of luck!

Re: NFCU SUCESS!!

cashorcharge — Mon, 25 Jan 2021 21:00:51 GMT

That's terrific! Congratulations on your membership approval!! 🎉🥂

Re: NFCU SUCESS!!

Girlzilla88 — Mon, 25 Jan 2021 21:40:26 GMT

@Anonymous Congrats you can ask for CashRewards or Plat or More Rewards depending on which one you are ok with slow growing. The second card you go for should be the one that you really want the higher on since a lot of DP suggest the Second card will be the bigger one/better one. Don't be shocked if they start you at a 500/1k SL even if you have large other cards SL. It will grow with them but they are relationship based too! Read up on the 91/3 for when to ask for a CLI and the rules around it to make sure that you can possibly get a SP and you don't ask to soon. As far as which one which one would work better for you?! Are you more of a dining out...do you like low apr, do you like Cash back?! Those type of things would affect which one and then I would either try for the Flagship second, or third for sure.

Re: NFCU SUCESS!!

Mr_Mojo_Risin — Tue, 26 Jan 2021 00:50:24 GMT

Welcome to the Navy gang!

You've already received some good advice. Definitely check-out the massive Navy thread in the credit card apps sub-forum.

Re: NFCU SUCESS!!

Anonymous — Tue, 26 Jan 2021 03:37:52 GMT

Congrats on the membership! I also just recently joined. I was told I pre-qualified for everything. My scores are in the mid 700s and I just recently got a car and the Apple Card. I app'ed for the plat card for low apr. I got a 1k starter limit.. which hasn't happened in some time. But I plan to slow grow and use the account as long term goal is to buy a house and use nfcu for the mortgage loan. IMO I just took the jump to start building the relationship now and then do a 91/3 approach for card number two. Hope that helps!

Re: NFCU SUCESS!!

M_Smart007 — Tue, 26 Jan 2021 08:44:08 GMT

@Anonymous wrote:
Just became a member of NFCU!!! 🙂
It also looks like I am prequalified for all of there cards. Wanted to ask y'all which one I should start off with as a brand new member. Also, after that what is the best way to increase the CLI? All thoughts welcome. From what I've seen the flagship seems like a long shot for a new member

Welcome to the NFCU family

Re: NFCU SUCESS!!

Girlzilla88 — Tue, 26 Jan 2021 17:10:17 GMT

@Anonymous Congrats to you as well. They are great!

Re: NFCU SUCESS!!

lyTENciL — Tue, 26 Jan 2021 23:03:13 GMT

Congrats on Navy membership! They have a ton of great products besides CC. I did get the mega 25K SL on my first card (More Rewards). I waited until around the 6 mo mark, and I had DD, SSL, and CD along with checking and savings. I don't know that the banking affects the CC though. Also I was at 2/12, and 8 months since last opened, and FICO 8 maxed. So it's going to be profile dependent, as everything is.

Re: NFCU SUCESS!!

Anonymous — Fri, 29 Jan 2021 02:07:43 GMT

Congrats!

Re: NFCU SUCESS!!

SouthJamaica — Fri, 29 Jan 2021 20:22:55 GMT

@Credit4Growth wrote:
@Anonymous wrote:
Great. Thank you all. I just became a member today. Should I hold off on the app for the card or can I go ahead and submit since I am prequalified. I did hear pre-qualifying are not guaranteed. Thoughts welcome

Oh... the pre-qualifying portion of the site...

It is garbage.
Let me attempt to lightly qualify my response.
If you are approved for a cc today, you may also be pre-qualifying or another (or several) tomorrow. Navy will not approve a second application for a cc within 90 days.
That is not saying to mmuch as far as qualifying my response but for now the take away is that the pre-qualifying portion of their website is viewed as La' Trash!

As far as applying today that is mainly personal preference and you know the contents of your credit report best.

Yes, the prequalification page is garbage.

It has me as prequalified for everything, even the 2 cards I already have.

I guarantee they wouldn't approve me for any of the cards at the moment.