topic Re: NFCU Cards & Cap Pre-Approval in Credit Card Applications

NFCU Cards & Cap Pre-Approval

wxman2021 — Fri, 28 May 2021 20:03:51 GMT

I did their pre-approval first (which I have read is not accurate) but came back for the secured card. Did how much I wanted to fund it ($300) and hit submit...said it will be processed in 24-28 hours and they will let me know...Is that normal?

Also, did the pre-qual for Capital One, and was pre-qual for the platinum ($0 annual fee and intro 9 months 0%) *I will PIF anyway* and the Quicksilver card (The one with 1.5% rewards and $0 annual fee). IS one better than the other on that front? Thanks yall!!

Re: NFCU Cards & Cap Pre-Approval

blindambition — Fri, 28 May 2021 20:23:25 GMT

Yes, that's normal. I'd go with QS, 1.5% CB is better than 0. Same UW, that's the only difference. Good luck!

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Fri, 28 May 2021 21:18:33 GMT

Thank you!

Re: NFCU Cards & Cap Pre-Approval

Mr_Mojo_Risin — Fri, 28 May 2021 21:34:31 GMT

The Quicksilver is a better card, you get cash back without an AF.

That's pretty much a normal thing for Navy. You'll probably know sooner than that. Good luck!

Re: NFCU Cards & Cap Pre-Approval

RealEstateGuy89 — Sat, 29 May 2021 01:55:05 GMT

I did the pre-qual and it said I was only eligible for the secured card. I went ahead and applied for the Cash Rewards card and was approved right away for $700. I thought I would get more than that but decided that I will charge a few things every month and then PIF and then I will ask for credit card increases every so often and see if I get good increases as it seems that is what NFCU is known for. I would prefer NFCU over Capital One any day. I have 2 cards at Cap1 and I am going to get rid of them as soon as I can.

Re: NFCU Cards & Cap Pre-Approval

blindambition — Sat, 29 May 2021 02:06:53 GMT

@RealEstateGuy89 wrote:
I did the pre-qual and it said I was only eligible for the secured card. I went ahead and applied for the Cash Rewards card and was approved right away for $700. I thought I would get more than that but decided that I will charge a few things every month and then PIF and then I will ask for credit card increases every so often and see if I get good increases as it seems that is what NFCU is known for. I would prefer NFCU over Capital One any day. I have 2 cards at Cap1 and I am going to get rid of them as soon as I can.

That's not uncommon for Navy, most are given a low limit on first card. The pre-qual tool is unreliable, and quite frankly a bogus gimmick.

You're eligible for first CLI at 91 days and three full statements. You're eligible to apply for 2nd Navy card at that point as well. After 1st CLI request at 91 days, all others are 181 day schedule.

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Sat, 29 May 2021 02:41:23 GMT

Thank you everyone! I thought about the un-secured card, but after reading many, many, many pages....they usually want to see a year or so post DC (BK7) so, I figured lets start small and roll with the NFCU train...Just happy I am with them.

Re: NFCU Cards & Cap Pre-Approval

OmarGB9 — Sat, 29 May 2021 03:48:49 GMT

@blindambition wrote:
@RealEstateGuy89 wrote:
I did the pre-qual and it said I was only eligible for the secured card. I went ahead and applied for the Cash Rewards card and was approved right away for $700. I thought I would get more than that but decided that I will charge a few things every month and then PIF and then I will ask for credit card increases every so often and see if I get good increases as it seems that is what NFCU is known for. I would prefer NFCU over Capital One any day. I have 2 cards at Cap1 and I am going to get rid of them as soon as I can.

That's not uncommon for Navy, most are given a low limit on first card. The pre-qual tool is unreliable, and quite frankly a bogus gimmick.
You're eligible for first CLI at 91 days and three full statements. You're eligible to apply for 2nd Navy card at that point as well. After 1st approved CLI request at 91 days, all others are 181 day schedule if approved.

Fixed.

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Sat, 29 May 2021 18:42:36 GMT

Hopefully find out something today. CK told me they HP my TU, which is expected, yesterday. According to myFICO my TU9 is 620.

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Sun, 30 May 2021 03:55:51 GMT

So, it looks like this is pretty normal from what yall have said and what I have read for NFCU to do manual reviews. I guess it might be toward Tuesday (monday holiday) before I know. I do want to apply for the Cap 1 card, should I wait, or go ahead and apply. I guess I just don't want to hurt my chances with NFCU...They have already pulled my TU.

Re: NFCU Cards & Cap Pre-Approval

babygirl1256 — Tue, 01 Jun 2021 05:01:06 GMT

@wxman2021 NFCU is a great choice, I joined the NFCU family in 4/2021, plus I signed my daughter up (who is rebuilding her credit/score 577); NFCU gave her an unsecured card with a low SL also. @Brian_Earl_Spilner started a NFCU thread -and- it can be found here . There's a ton of great NFCU information . . . I hope this helps!!!

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Sun, 30 May 2021 10:21:57 GMT

Sounds good thank you!

Re: NFCU Cards & Cap Pre-Approval

coldfusion — Sun, 30 May 2021 12:34:06 GMT

@wxman2021 wrote:
So, it looks like this is pretty normal from what yall have said and what I have read for NFCU to do manual reviews. I guess it might be toward Tuesday (monday holiday) before I know. I do want to apply for the Cap 1 card, should I wait, or go ahead and apply. I guess I just don't want to hurt my chances with NFCU...They have already pulled my TU.

Wait for the outcome of your NFCU application. Capital One isn't going away soon and it's possible the NFCU result may trigger a change in your outlook.

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Sun, 30 May 2021 16:34:06 GMT

@coldfusion Thank you! I am going to wait, thank you for the advice. My relationship with NFCU will be far greater than the one with Cap 1 I am sure, and I don't want to mess up getting in the door with the secured card. Maybe I will find out tomorrow, but would guess for sure on Tuesday.

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Tue, 01 Jun 2021 00:53:32 GMT

fingers crossed 🤞 tomorrow will be the day I hear back from NFCU on my secured card app. Its been since Friday, but know its been a holiday weekend..

Re: NFCU Cards & Cap Pre-Approval

wxman2021 — Tue, 01 Jun 2021 03:42:15 GMT

YAY!!! I just got the email that I was approved for the Secured NFCU card ($300 limit I chose), so I am super excited about that!! I also took the plunge and got approved for the Quicksilver Card (not the ONE) and it said for good credit. 1.5% Cashback and $0 annual fee and they approved me for $3,000.

Yall are amazing!

I know the FICO gods like 3 revolving accounts, my goal is Apple card one day, but fresh out of BK that is a no go...I am perfectly fine with holding tight with these 2 for now, and will practicing AZEO as welll. What do yall think?

Re: NFCU Cards & Cap Pre-Approval

FinStar — Tue, 01 Jun 2021 05:09:03 GMT

As the OP has indicated they've been approved for both products, this thread is now locked and closed to new messages.