topic Re: Planning navy flagship card app, advice? in Credit Card Applications

Planning navy flagship card app, advice?

FicoMike0 — Mon, 23 Sep 2024 20:42:26 GMT

I'm planning to app for navy flagship.

Anyone know who they pull?

I'm new with navy, two months.

My fico8 scores are ~800, fico9 higher.

I have a checking with them, I've been using it for bills

I have a direct deposit to the checking, balance always above $1,000.

I opened a Special EasyStart Certificate.

Anything else I can do?

Re: Planning baby flagship card app, advice?

CreditPoor — Mon, 23 Sep 2024 17:44:48 GMT

In all honesty you're under 90 days with them and while its possible that you could be approved in your first go for Flagship, it's a real gamble. Navy has tightened up a bit and so if it were me ( I have 3 cards with them) I would recommend the CashRewards as your first card

Re: Planning baby flagship card app, advice?

Jeffster1 — Mon, 23 Sep 2024 18:33:44 GMT

NFCU pulled TU last night for the Flagship Visa.

Instant approval for 25K.

@CreditPoor is correct. Probably too early for Flagship for the OP.

Re: Planning baby flagship card app, advice?

FicoMike0 — Mon, 23 Sep 2024 20:33:52 GMT

So, would I be more likely to be approved for a different navy card now? It seems like that would add another hp and a new most recent account.

Re: Planning baby flagship card app, advice?

CreditPoor — Mon, 23 Sep 2024 20:49:44 GMT

Any card you apply for with Navy will result in a new HP and eventually a new account. I would suggest waiting at least 90 days before applying. Let a few more deposits go in and then apply for something other than the Flagship as my first card.

Re: Planning baby flagship card app, advice?

FicoMike0 — Tue, 24 Sep 2024 14:16:20 GMT

I tried the preapproval, got a go for all of their cards. How reliable is this?

Re: Planning baby flagship card app, advice?

odd_dog — Tue, 24 Sep 2024 14:23:44 GMT

@FicoMike0 wrote:
I tried the preapproval, got a go for all of their cards. How reliable is this?

not very.......

Re: Planning navy flagship card app, advice?

NoMoreE46 — Wed, 25 Sep 2024 00:36:59 GMT

It is possible @FicoMike0.

@NoMoreDebt got the Flagship as their first NFCU card after 6 months of membership.

Here is that post from last June:

NFCU Flagship Approval as first card - myFICO® Forums - 6688935

@FicoMike0 wrote:
I'm planning to app for navy flagship.
Anyone know who they pull?
I'm new with navy, two months.
My fico8 scores are ~800, fico9 higher.
I have a checking with them, I've been using it for bills
I have a direct deposit to the checking, balance always above $1,000.
I opened a Special EasyStart Certificate.
Anything else I can do?

Re: Planning navy flagship card app, advice?

JoeRockhead — Wed, 25 Sep 2024 00:48:19 GMT

Their pre-approval tool is notoriously unreliable. Not that it can't be done, but I'd say it's too soon to go for the Flagship as your first card.

Re: Planning navy flagship card app, advice?

mgood — Sat, 19 Apr 2025 00:48:59 GMT

I know it's an older thread

I joined NFCU today and parked $5 in a savings account to hold the door open.

I am not, nor have I ever been in the military. I'm sure my one semester of ROTC in college would not impress them. My dad, who passed away in 2002, was in the Marine Corps in the fifties and sixties. I don't know the dates or have a copy of his DD214 or anything (though I could probably get that from my mom if needed). They took my word for it and I only had to scan my drivers license.

The only thing they have that I'm interested in is the Flagship Rewards card, and that only to save on the Amazon Prime membership . . . and the possibility that the Global Entry and/or TSA Precheck could come in handy at some point, but mostly just to save $90/year on Amazon.

I don't know if I need to build a relationship with them for a while before applying for the Flagship. Their site says I'm prequalified for all the cards, but posts here and elsewhere say that's unreliable. Some people have said to wait 90 days. I don't know if having a $5 balance in savings for 3 months is going to do anything to help. Someone mentioned a $50 easy CD. I could do that. Do I need to get another card (that I don't need) or start channeling part of my pay through a checking account there or something just to improve my odds of getting the card I want?

I read somewhere that DTI is something they look at. Mine's a bit high at the moment but dropping rapidly. Should look good in mid-May when I'll be 0/6 on new cards, and even better in mid-July when my NFCU membership will be 90 days old.

Re: Planning navy flagship card app, advice?

NoMoreE46 — Sat, 19 Apr 2025 01:20:16 GMT

@mgood,

Since you are looking for the Prime membership reimbursement, the important question is When does the fee come up?

Re: Planning navy flagship card app, advice?

Patient957 — Sat, 19 Apr 2025 01:21:39 GMT

Congrats, @mgood .

Hey, @FicoMike0, what did you decide to do? Did you apply?

Re: Planning navy flagship card app, advice?

mgood — Sat, 19 Apr 2025 01:28:57 GMT

@NoMoreE46 wrote:
Since you are looking for the Prime membership reimbursement, the important question is When does the fee come up?

I'll have to check. I've been paying monthly. I understand that I need to pay annually to make this work.

Re: Planning navy flagship card app, advice?

NoMoreE46 — Sat, 19 Apr 2025 01:39:35 GMT

Yep it has to be the Annual. Uncle B has had his recently reimbursed, PC to Flagship - myFICO® Forums - 6807457

Since you are monthly, the annual fee is not in play, I would wait the 90 to app.

If successful, wait for the card to arrive. Card in hand add the FS as the Annual Prime payment source and then switch to annual.

@mgood wrote:
@NoMoreE46 wrote:
Since you are looking for the Prime membership reimbursement, the important question is When does the fee come up?

I'll have to check. I've been paying monthly. I understand that I need to pay annually to make this work.

Re: Planning navy flagship card app, advice?

Horseshoez — Sat, 19 Apr 2025 01:59:41 GMT

My experience with NFCU was a little different that many (most?) other folks; I joined in December of 2023 not to get a credit card or to take advantage of their somewhat decent CDs; I joined because we were house hunting and they have very competitive mortgage rates.

Within the first month I did start funneling $500 every other week into a savings account and then peel off some of that cash into a few CDs, but when we found a place to buy, we needed to move super fast (we ended up closing 21 days after the place was listed), and NFCU isn't well known for being really quick for things like this (I figured once rates drop a bit, a refinance with them is still an option). A few weeks before we closed on our home last May NFCU sent me an invitation to apply for their More Rewards card; the day after closing on the new mortgage, I took them up on their offer and was surprised they dropped a $30,000 starting limit on the card.

Re: Planning navy flagship card app, advice?

mgood — Sat, 19 Apr 2025 02:18:17 GMT

@Horseshoez wrote:
I joined because we were house hunting and they have very competitive mortgage rates.

Hmmm, I have been casually looking at houses. Nothing serious. Not yet thinking I need to get to 0/12 before applying for a mortgage. Just thinking I should stop renting and get a place of my own, and occasionally driving around looking at houses with For Sale signs in the yards. (Though the rent on this old house is ridiculously low.) NFCU might come in handy down the road for that.

Re: Planning navy flagship card app, advice?

Horseshoez — Sat, 19 Apr 2025 13:53:23 GMT

@mgood wrote:
@Horseshoez wrote:
I joined because we were house hunting and they have very competitive mortgage rates.
Hmmm, I have been casually looking at houses. Nothing serious. Not yet thinking I need to get to 0/12 before applying for a mortgage. Just thinking I should stop renting and get a place of my own, and occasionally driving around looking at houses with For Sale signs in the yards. (Though the rent on this old house is ridiculously low.) NFCU might come in handy down the road for that.

I was 1/12 when I applied last year, I was approved for the mortgage (local lender here in Maryland) only a few hours after I submitted the application. That said, I have the "pleasure" of paying 7.625% on my mortgage, so if/when the rates get down into the fives, it will be well worth refinancing.