topic Re: NFCU in Credit Cards

NFCU

Anonymous — Tue, 15 May 2018 22:22:35 GMT

I just opened a NFCU account on Saturday. Bank account opened with $20.

I have a thin file but there are no lates.

I have a credit card with Wells fargo for 15 months now (was secured and now its a revolving).

I have a car loan paid down from 18k to 6k.

No lates on anything.

7 year credit file

My credit scores are 760, 720, and 730.

All I need is a card with a credit line of 2500-3000. I wouldn't think that would be difficult with my credit profile.

I opened an account with Navy Federal with $20. What should I do next? How can I get a $3000 credit card line?
Is it too early to apply for a credit card with Navy Federal? Should I wait to apply for a credit card since I just opened the bank account?
Did I add enough money to the bank account? Should I transfer at least $100? Does it make a difference?
Are they as picky as Chase? Will they care if I have a thin credit file?

Re: NFCU

AverageJoesCredit — Tue, 15 May 2018 23:25:10 GMT

Not as picky as Chase. With Navy, things could go anyway but your luck would be you need a card with 3 k and and they give you 15-25k haha. Joking but not, it has happened. Navy is amazing but some people just hit the lottery when apping credit cards with them. I've seen low scores get high limits low apr, while good scores gets low limits high apr. But for sure Navy treats us right. Good luck but I think it's safe to apply worse that happens is a hp and no but eventually they give up the ghost

Re: NFCU

Glen_M — Tue, 15 May 2018 23:45:33 GMT

@Anonymous wrote:

...
My credit scores are 760, 720, and 730.
...

When you say your scores are 769, 720, 730 ... what type of score are they? Experian FICO 9 from WF? The place you're getting them from should tell you the source of the score and what 'formula' is being used. Those details will make a big difference in the reliability and usefulness of the number.

If those were FICO 8 or FICO 9 I would be surprised if you couldn't get 3k from most lenders, assuming average income, probably more from somewhere that has a history of being generous like NFCU.

Re: NFCU

Anonymous — Tue, 15 May 2018 23:51:51 GMT

Do I need to wait a certain amount of months before applying or do you think i'm ok to try?

Re: NFCU

Glen_M — Tue, 15 May 2018 23:59:45 GMT

You haven't applied for anything else recently, you should be fine making one with NFCU. It will depend a little on which card you're aiming for too.

What is your longer term plan/goal? What's next if you're approved, or denied?

Re: NFCU

Brian_Earl_Spilner — Wed, 16 May 2018 00:10:07 GMT

I opened an account at 2:15 pm yesterday. I applied and had a Cash Rewards Visa approved by 2:30 pm. I'll have the card in my hand before the end of the day tomorrow. Would have been in my hands today, but I didn't take expedited shipping. Then I remembered I was going out of town. Called them at 11:45 pm last night, they canceled the other card and are overnighting a new one. Super impressed with their customer service in just one day.

Re: NFCU

Anonymous — Wed, 16 May 2018 00:14:43 GMT

oops... i applied to Chase on Saturday. Got a 30 day decision response then called today and found out I was declined due to insufficient credit file.

Re: NFCU

Brian_Earl_Spilner — Wed, 16 May 2018 02:26:38 GMT

It's ok, I had 6 app's since March and NFCU still approved me. But, I have 25 years of credit history, so yeah....

Re: NFCU

bizarrocreditworld — Wed, 16 May 2018 12:23:16 GMT

@Anonymous wrote:
I just opened a NFCU account on Saturday. Bank account opened with $20.
I have a thin file but there are no lates.

I have a credit card with Wells fargo for 15 months now (was secured and now its a revolving).
I have a car loan paid down from 18k to 6k.
No lates on anything.
7 year credit file

My credit scores are 760, 720, and 730.

All I need is a card with a credit line of 2500-3000. I wouldn't think that would be difficult with my credit profile.
I opened an account with Navy Federal with $20. What should I do next? How can I get a $3000 credit card line?
Is it too early to apply for a credit card with Navy Federal? Should I wait to apply for a credit card since I just opened the bank account?
Did I add enough money to the bank account? Should I transfer at least $100? Does it make a difference?
Are they as picky as Chase? Will they care if I have a thin credit file?

Just apply for the card of your choice. With your scores, you'll probably get more than a $3,000 limit. They are not nearly as picky as Chase and you don't need to add anything to the bank account unless you want to. They're fine with thin files.

Re: NFCU

stonedog23 — Wed, 16 May 2018 14:47:43 GMT

Once you are a member you are free to apply for any product at anytime. I started with a phone application with a $25 savings account. The CSR asked me would I like to apply for a credit card. I said no because I hadn’t looked over the different ones. I immediately hung up, looked over the cards, and applied. Was approved after a 10 minute relationship.

Re: NFCU

jlitnns — Wed, 16 May 2018 15:50:32 GMT

Navy will take care of you.

Re: NFCU

unc0mm0n1 — Thu, 17 May 2018 16:11:14 GMT

I was in law school so I was only making 30K a year plus my wife was a teacher making 39K and I got 25K. My scores were lower than yours (high 600's - low 700s). When I graduated and made more money they boosted me up to 50K. I'd be surprised if you didn't get 3k (depending on your income).

Re: NFCU

Bees18 — Wed, 23 May 2018 04:35:37 GMT

What happened did you ever apply for NFCU? Were you approved?

ive heard they approve people if your above 600...

Re: NFCU

Brian_Earl_Spilner — Wed, 23 May 2018 04:52:34 GMT

@Bees18 wrote:
What happened did you ever apply for NFCU? Were you approved?

ive heard they approve people if your above 600...

They'll approve people in the 500s.

Re: NFCU

Anonymous — Wed, 23 May 2018 05:20:29 GMT

I love them. They just financed out new Jeep at 2.99% super easy.

Re: NFCU

CreditInspired — Wed, 23 May 2018 11:47:08 GMT

@AverageJoesCredit wrote:
Not as picky as Chase. With Navy, things could go anyway but your luck would be you need a card with 3 k and and they give you 15-25k haha. Joking but not, it has happened. Navy is amazing but some people just hit the lottery when apping credit cards with them. I've seen low scores get high limits low apr, while good scores gets low limits high apr. But for sure Navy treats us right. Good luck but I think it's safe to apply worse that happens is a hp and no but eventually they give up the ghost

AJC is so right. And, with your scores, I doubt if you will have any problems getting approved. Matter-of-the-fact, many have applied for CCs the same day they opened their NFCU account and gotten approved.

And if your SL is less than the $3K you're looking for, don't fret, just wait a measly 3 statement cuts and 91 days, and hit the luv button. You'll be amazed at NFCU's generosity.

GL2U