topic Re: NFCU 3rd Card Time? in Credit Cards

NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 06:06:18 GMT

Looked through many posts, wondering if anyone can share thoughts on shortest known timeframe getting third Navy Federal card?

I received my first card 5/16
CLI and Second Card and CLOC at 91/3

Im guessing its either 91/3 or 180 days?

Re: NFCU 3rd Card Time?

Jnbmom — Mon, 27 Aug 2018 06:10:54 GMT

It's all in the Navy thread

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 07:10:29 GMT

But thats for 2nd card hehehe!

Re: NFCU 3rd Card Time?

Jnbmom — Mon, 27 Aug 2018 07:27:07 GMT

@Anonymous wrote:
But thats for 2nd card hehehe!

Should be in here somewhere:

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Navy-Fed-3rd-Card-Approval/td-p/5222144

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 08:11:55 GMT

So far Ive found 6 or 7 people with 3rd cards. Shortest was 7 months most around 1.5yrs. Anyone else?

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 13:08:07 GMT

I got 3 cards in under 9 months. If it has been over a year since your second card you'll be fine apping for your third.

Re: NFCU 3rd Card Time?

pipeguy — Tue, 28 Aug 2018 03:20:44 GMT

1st card October 2017 (blue card), second card 12/17 (Amex), Refi Mortgage 3/18, third card (basic platinum) 6/2018.

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 13:41:51 GMT

Speaking of threads, I know about the NFCU thread for CLI's and second cards in Credit Card Applications, but is there a thread for first-card applications? As popular as Navy is here, I'd expect there to be one, but I can't seem to locate it, unless the information is bundled up in the 2nd-card thread.

Re: NFCU 3rd Card Time?

UncleB — Mon, 27 Aug 2018 14:13:43 GMT

While the 'big' NFCU thread is titled "2nd cards and CLIs" it really covers everything NFCU, including first cards and third cards (and even to a limited degree, CLOCs).

Questions about all-things NFCU that haven't already been asked and answered are likely to get a quick response.

Re: NFCU 3rd Card Time?

FinStar — Mon, 27 Aug 2018 14:19:22 GMT

OP, would there be any harm with waiting 180 days from your 1st CC with them?

As @UncleB and others pointed out, the NFCU mega thread covers pretty much this topic in general. That's how I found various collective DPs on getting my 3rd CC with them. It's all there.

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 15:44:19 GMT

Of course, I am mostly needing to garden but I have a feeling the market is going straight towards interest hikes and lenders tightening up. The Fed will probably start raising rates each month soon which will hurt homeowners whose ARM's are coming up...lots of defaults in the near future

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 17:17:37 GMT

@Anonymous wrote:
Of course, I am mostly needing to garden but I have a feeling the market is going straight towards interest hikes and lenders tightening up. The Fed will probably start raising rates each month soon which will hurt homeowners whose ARM's are coming up...lots of defaults in the near future

Maybe (per the NFCU thread, so I won't repeat the HP vs. SP debate here) I should move right now to not just join but apply for a CC? I'm really on the fence about this - I want to improve my profile as much as possible over the fall but I don't want to miss my best chance if things are going to be tightening up significantly not just at Navy but elsewhere.

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 17:53:11 GMT

One thing is for certain -NFCU is not tight right now. I would say go for it. Personally, I have 49k in total revolving with them in just 3 months of membership. You may suffer more HPs with Navy but at the same time, I got a 25k SL on Flagship with one pull....cant do that with other issuers.

Re: NFCU 3rd Card Time?

Brian_Earl_Spilner — Mon, 27 Aug 2018 18:26:37 GMT

@Anonymous wrote:
@Anonymous wrote:
Of course, I am mostly needing to garden but I have a feeling the market is going straight towards interest hikes and lenders tightening up. The Fed will probably start raising rates each month soon which will hurt homeowners whose ARM's are coming up...lots of defaults in the near future
Maybe (per the NFCU thread, so I won't repeat the HP vs. SP debate here) I should move right now to not just join but apply for a CC? I'm really on the fence about this - I want to improve my profile as much as possible over the fall but I don't want to miss my best chance if things are going to be tightening up significantly not just at Navy but elsewhere.

Everybody is tightening up right now. About a year ago navy was giving everyone a CLI or new card at 91 days, now they're requiring 5-6 month's for many people. Even cap1 has cut credit limits and is now declining CLIs and new cards for too many inquiries. That's just 2 examples, but other banks are doing the same.

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 18:38:33 GMT

@Anonymous wrote:
One thing is for certain -NFCU is not tight right now. I would say go for it. Personally, I have 49k in total revolving with them in just 3 months of membership. You may suffer more HPs with Navy but at the same time, I got a 25k SL on Flagship with one pull....cant do that with other issuers.

I'll think on it. I'm most inclined toward the cashRewards, but I was thinking of possibly applying for others - the More Rewards AMEX, Go Rewards MC and Flagship - if I can use the same HP for each.

Re: NFCU 3rd Card Time?

UncleB — Mon, 27 Aug 2018 18:58:56 GMT

@Anonymous wrote:
@Anonymous wrote:
One thing is for certain -NFCU is not tight right now. I would say go for it. Personally, I have 49k in total revolving with them in just 3 months of membership. You may suffer more HPs with Navy but at the same time, I got a 25k SL on Flagship with one pull....cant do that with other issuers.
I'll think on it. I'm most inclined toward the cashRewards, but I was thinking of possibly applying for others - the More Rewards AMEX, Go Rewards MC and Flagship - if I can use the same HP for each.

While stranger things have happened, you can expect each and every application with NFCU to be a separate HP. There's a chance the bureau might combine HPs from the same day, but it's not guaranteed.

A common plan of attack is to apply for whatever card has the sign up bonus (if you're bonus chasing) then later PC to the card you want to keep. You can freely PC between any of NFCU's MC and V products, but not the Amex.

Also, if you PC NFCU will even adjust your APR to reflect the rewards (or lack thereof) for your new product. For example, if you have the Go Rewards at the lowest APR and change to a Platinum, you can expect for your APR to be lowered to the lowest rate available on the Platinum, etc. Very member-friendly.

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 19:31:44 GMT

@UncleB wrote:
@Anonymous wrote:
@Anonymous wrote:
One thing is for certain -NFCU is not tight right now. I would say go for it. Personally, I have 49k in total revolving with them in just 3 months of membership. You may suffer more HPs with Navy but at the same time, I got a 25k SL on Flagship with one pull....cant do that with other issuers.
I'll think on it. I'm most inclined toward the cashRewards, but I was thinking of possibly applying for others - the More Rewards AMEX, Go Rewards MC and Flagship - if I can use the same HP for each.
While stranger things have happened, you can expect each and every application with NFCU to be a separate HP. There's a chance the bureau might combine HPs from the same day, but it's not guaranteed.

A common plan of attack is to apply for whatever card has the sign up bonus (if you're bonus chasing) then later PC to the card you want to keep. You can freely PC between any of NFCU's MC and V products, but not the Amex.

Also, if you PC NFCU will even adjust your APR to reflect the rewards (or lack thereof) for your new product. For example, if you have the Go Rewards at the lowest APR and change to a Platinum, you can expect for your APR to be lowered to the lowest rate available on the Platinum, etc. Very member-friendly.

Thanks for telling me that, I wouldn't have liked to be blindsided by multiple HP's. In that case, I'd probably best go for the cashRewards; the Flagship's 30K bonus points offer is nice but I'd have to put $3K on the card in the first three months and I have trouble thinking of what I could spend $3K on in that period of time (unless my car goes really bad all of a sudden - knock on wood!!) The cashReward's $100 on $1k 3-month spend is, to me, much more attainable. Being able to PC freely from cashRewards to Flagship (or Go Rewards) is nice, and something neither Penfed nor Apple FCU has; when I ask them about PC, they tell me I have to file a new application with them and open a new account.

Re: NFCU 3rd Card Time?

UncleB — Mon, 27 Aug 2018 19:42:48 GMT

@Anonymous wrote:
@UncleB wrote:
@Anonymous wrote:
@Anonymous wrote:
One thing is for certain -NFCU is not tight right now. I would say go for it. Personally, I have 49k in total revolving with them in just 3 months of membership. You may suffer more HPs with Navy but at the same time, I got a 25k SL on Flagship with one pull....cant do that with other issuers.
I'll think on it. I'm most inclined toward the cashRewards, but I was thinking of possibly applying for others - the More Rewards AMEX, Go Rewards MC and Flagship - if I can use the same HP for each.
While stranger things have happened, you can expect each and every application with NFCU to be a separate HP. There's a chance the bureau might combine HPs from the same day, but it's not guaranteed.

A common plan of attack is to apply for whatever card has the sign up bonus (if you're bonus chasing) then later PC to the card you want to keep. You can freely PC between any of NFCU's MC and V products, but not the Amex.

Also, if you PC NFCU will even adjust your APR to reflect the rewards (or lack thereof) for your new product. For example, if you have the Go Rewards at the lowest APR and change to a Platinum, you can expect for your APR to be lowered to the lowest rate available on the Platinum, etc. Very member-friendly.
Thanks for telling me that, I wouldn't have liked to be blindsided by multiple HP's. In that case, I'd probably best go for the cashRewards; the Flagship's 30K bonus points offer is nice but I'd have to put $3K on the card in the first three months and I have trouble thinking of what I could spend $3K on in that period of time (unless my car goes really bad all of a sudden - knock on wood!!) The cashReward's $100 on $1k 3-month spend is, to me, much more attainable. Being able to PC freely from cashRewards to Flagship (or Go Rewards) is nice, and something neither Penfed nor Apple FCU has; when I ask them about PC, they tell me I have to file a new application with them and open a new account.

Sounds like a solid plan. PCing to the Flagship from another (non-Amex) card isn't a problem, you'll just need to have a minimum $5k credit line which is required for the Flagship.

We usually tell people if there's any doubt about getting a $5k CL to app for another card anyway, since the Flagship will decline if you're not eligible for $5k, while the Cash Rewards or Go Rewards would be approved for a lower CL and you could always work up to $5k in a few months (then PC to Flagship). Several ways to skin the cat...

Re: NFCU 3rd Card Time?

Anonymous — Mon, 27 Aug 2018 19:47:19 GMT

Sounds good...now all I need, if I do go ahead, is to find that .gif of that guy yelling "Reset the clock!" because obviously I'll have to pop out of the garden...