topic Re: Approval odds for NFCU in Credit Card Applications

Approval odds for NFCU

willmsbrg — Wed, 16 Aug 2023 21:52:50 GMT

Afternoon all,

I'm curious what folks here think of my approval odds for a NFCU cc, mostly thinking of the amex version. I pre-qualify for all the cards but know that's not reliable...

My current fico 9 TU is sitting at 750

DTI is roughly 21%

Income roughly 48000

Have had a token savings account since Jan. no real activity...

I do have 2 baddies that will be vanishing by Feb 2024...

It's been about 7 months since my last app for anything.

I was really close to pulling the trigger last night but backed out at the submit button!! I know it's always a YMMV type answer... just curious based on the dp's above..

Thanks in advance as always!

Re: Approval odds for NFCU

Creditwiser — Wed, 16 Aug 2023 22:19:14 GMT

I believe your approval odds are very good with your current profile.

Re: Approval odds for NFCU

sznthescore — Wed, 16 Aug 2023 22:38:20 GMT

@willmsbrg Go for it! You're profile is stellar compared to when I got approved. Bk reporting at the time, c/o's and late payments from 4 years ago. 🗣️ What are u waiting for!?

Re: Approval odds for NFCU

willmsbrg — Wed, 16 Aug 2023 23:37:17 GMT

Something I forgot mentioning is I do want an Amex card once those last baddies drop away come Feb 2024...

Seems I can never get anything approved with those still hanging around...

I may pull the trigger tomorrow if everyone feels the odds are good...

Re: Approval odds for NFCU

SouthJamaica — Thu, 17 Aug 2023 02:48:50 GMT

@willmsbrg wrote:
Afternoon all,

I'm curious what folks here think of my approval odds for a NFCU cc, mostly thinking of the amex version. I pre-qualify for all the cards but know that's not reliable...

My current fico 9 TU is sitting at 750
DTI is roughly 21%
Income roughly 48000
Have had a token savings account since Jan. no real activity...
I do have 2 baddies that will be vanishing by Feb 2024...
It's been about 7 months since my last app for anything.

I was really close to pulling the trigger last night but backed out at the submit button!! I know it's always a YMMV type answer... just curious based on the dp's above..

Thanks in advance as always!

I think your chances are excellent.

Re: Approval odds for NFCU

SouthJamaica — Thu, 17 Aug 2023 02:54:12 GMT

@willmsbrg wrote:
Something I forgot mentioning is I do want an Amex card once those last baddies drop away come Feb 2024...
Seems I can never get anything approved with those still hanging around...

I may pull the trigger tomorrow if everyone feels the odds are good...

Just to make sure you understand, it's not actually an American Express card. It's a Navy Federal card that uses the Amex payment network. I don't really see any advantage to that particular feature, since the Amex payment network has slightly less acceptance than Visa and Mastercard. I can count on one finger the number of places I've been to that accept Amex but not Visa and Mastercard, but it would take more fingers than I have to count the number of places I've been that accept Visa and Mastercard but not Amex.

Re: Approval odds for NFCU

SUPERSQUID — Thu, 17 Aug 2023 08:14:57 GMT

I was approved for the cash rewards 3700 sl at 18.00 with a 2 year old bk7 on my reports.

Just keep in mind their starting limits are all over the place. I have read posts of people getting as low as a 500 dollar sl.

My second cc with them the platinum had a 1k sl

Not to fret, they grow quickly, ymmv

My cr limit is now 21,700 . 3700 - 21,700

My plat limit is now 9k. 1k - 9k

All in less than 2 years, ymmv

Re: Approval odds for NFCU

willmsbrg — Thu, 17 Aug 2023 10:34:20 GMT

@SouthJamaica wrote:
@willmsbrg wrote:
Something I forgot mentioning is I do want an Amex card once those last baddies drop away come Feb 2024...
Seems I can never get anything approved with those still hanging around...

I may pull the trigger tomorrow if everyone feels the odds are good...
Just to make sure you understand, it's not actually an American Express card. It's a Navy Federal card that uses the Amex payment network. I don't really see any advantage to that particular feature, since the Amex payment network has slightly less acceptance than Visa and Mastercard. I can count on one finger the number of places I've been to that accept Amex but not Visa and Mastercard, but it would take more fingers than I have to count the number of places I've been that accept Visa and Mastercard but not Amex.

Oh, I know it's not an Amex card just the network....

When I was talking about getting an amex card I'm talking about either the BCE or BCP from Amex itself but I never seem to get approved for that with their prequal tool... I'm guessing in their case my baddie is keeping me from getting one of their cards. I'll hold off on them till early next year once that baddie drops off my reports.

Re: Approval odds for NFCU

willmsbrg — Thu, 17 Aug 2023 10:37:59 GMT

@SUPERSQUID wrote:
I was approved for the cash rewards 3700 sl at 18.00 with a 2 year old bk7 on my reports.
Just keep in mind their starting limits are all over the place. I have read posts of people getting as low as a 500 dollar sl.
My second cc with them the platinum had a 1k sl
Not to fret, they grow quickly, ymmv
My cr limit is now 21,700 . 3700 - 21,700
My plat limit is now 9k. 1k - 9k
All in less than 2 years, ymmv

I've been seeing the same as far as SL's seem for NFCU... some starting with low limits and others higher... I started out with a CAP1 SavorOne with 500.00 then they showed lots of auto love with a 4000.00 increase at 6 months...

I guess I will pull the trigger today and see what happens~~

Re: Approval odds for NFCU

SouthJamaica — Thu, 17 Aug 2023 14:06:41 GMT

@willmsbrg wrote:
@SouthJamaica wrote:
@willmsbrg wrote:
Something I forgot mentioning is I do want an Amex card once those last baddies drop away come Feb 2024...
Seems I can never get anything approved with those still hanging around...

I may pull the trigger tomorrow if everyone feels the odds are good...
Just to make sure you understand, it's not actually an American Express card. It's a Navy Federal card that uses the Amex payment network. I don't really see any advantage to that particular feature, since the Amex payment network has slightly less acceptance than Visa and Mastercard. I can count on one finger the number of places I've been to that accept Amex but not Visa and Mastercard, but it would take more fingers than I have to count the number of places I've been that accept Visa and Mastercard but not Amex.
Oh, I know it's not an Amex card just the network....
When I was talking about getting an amex card I'm talking about either the BCE or BCP from Amex itself but I never seem to get approved for that with their prequal tool... I'm guessing in their case my baddie is keeping me from getting one of their cards. I'll hold off on them till early next year once that baddie drops off my reports.

You can get the card without prequalifying. I wouldn't let that be the determinant.

Re: Approval odds for NFCU

MileHigh96 — Thu, 17 Aug 2023 14:25:56 GMT

I would definitely go for it with your profile. I was approved for one of their cards less than 2 years out of BK7 and I had only had my savings account with them for about a month at the time which I was only putting a small amount into every payday.

They are the ones that sent me a pre-qualified email enticing me to apply because otherwise I wouldn't have, but I was instantly approved for $12,500 and then 30 days later I was approved for a second card with a $5,100 SL and I got a $6,000 CLI on my first card bringing it up to $18,500.

So I would say you are more than likely going to get approved based on your profile.

Re: Approval odds for NFCU

willmsbrg — Mon, 21 Aug 2023 16:18:08 GMT

Hey everyone,

I wanted to offer an update on my desicion to apply for the NFCU card...

I've decided to hold off for another month and here's my thought process on this.. As I initially stated my

My current fico 9 TU is sitting at 750

DTI is roughly 21%

Income roughly 48000

I do have a charge off that's set to drop off in February 2024 which is reporting every month with a 6000.00 balance.

I can ask in Sept for an EE from Trans which if successful, will remove that and deduct that amount from my current DTI I'm guessing and hopefully add some decent points to my Fico 9 TU score...

How many points should I expect to see if that happens? My bigger question is when NFCU pulls a hard inquiry, is it in real time or is it more historic like some seem to pull.. IE, pulled in Aug but they get July or even June as the current report...

My apologies for the delay in updating this...