topic Re: NFCU new member in Credit Cards

NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 19:07:26 GMT

Hey guys, appreciate all the great feedback. Just wanted to let you know I just became a member of NFCU. Some DP will be below. Just started new checking account but question is when should I app and for what CC? A goal card will be the Flagship. Thank you for your reply in advance as I wanna be debt free (in other words use credit smartly, and have credit work for me, rather than me work for them lol)

EXP 712 updated today

TU 689 update in 4 days

EQ 665 update in 4 days

38% Util

Re: NFCU new member

AllZero — Sat, 21 Mar 2020 19:26:08 GMT

@WannabDebtFree1 wrote:
Hey guys, appreciate all the great feedback. Just wanted to let you know I just became a member of NFCU. Some DP will be below. Just started new checking account but question is when should I app and for what CC? A goal card will be the Flagship. Thank you for your reply in advance as I wanna be debt free (in other words use credit smartly, and have credit work for me, rather than me work for them lol)

EXP 712 updated today
TU 689 update in 4 days
EQ 665 update in 4 days
38% Util

Congratulations on your membership! You should apply when you need credit. Do you need credit?

1st card is anything but the Flagship. Flagship should be your 2nd card. It has a $5,000 minimum starting limit.

Re: NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 19:37:49 GMT

@AllZero Yes I could use more credit because I want to do some BT and take advantage of lower interest rate.

As an FYI I got approved for BBVA clearpoints $4200 SL in Feb 2020 and I'm use that and either NFCU card or Amex card to split up some BTs

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 19:39:24 GMT

If you want to do a BT, go for the Platinum. 0% for 12 months and NFCU doesn't charge BT fees.

Re: NFCU new member

M_Smart007 — Sat, 21 Mar 2020 19:45:16 GMT

@WannabDebtFree1 wrote:
Hey guys, appreciate all the great feedback. Just wanted to let you know I just became a member of NFCU. Some DP will be below. Just started new checking account but question is when should I app and for what CC? A goal card will be the Flagship. Thank you for your reply in advance as I wanna be debt free (in other words use credit smartly, and have credit work for me, rather than me work for them lol)

EXP 712 updated today
TU 689 update in 4 days
EQ 665 update in 4 days
38% Util

Welcome to The Navy Family!

Re: NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 19:45:32 GMT

@Saeren I'm just wondering as being a new member if I should try for another card and wait for the 91/3 to app for flagship or Platinum?

Re: NFCU new member

M_Smart007 — Sat, 21 Mar 2020 19:47:46 GMT

@WannabDebtFree1 wrote:
@Saeren I'm just wondering as being a new member if I should try for another card and wait for the 91/3 to app for flagship or Platinum?

I would go for the Platinum, as suggested ..Flagship is not the 1st card you want to go after. IMHO

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 19:50:29 GMT

@WannabDebtFree1 wrote:
@Saeren I'm just wondering as being a new member if I should try for another card and wait for the 91/3 to app for flagship or Platinum?

Platinum is one of the easiest cards to get. I would get it first since you can use the BT period and then get Flagship at 91/3.

Re: NFCU new member

AllZero — Sat, 21 Mar 2020 19:53:15 GMT

@WannabDebtFree1 wrote:
@AllZero Yes I could use more credit because I want to do some BT and take advantage of lower interest rate.

As an FYI I got approved for BBVA clearpoints $4200 SL in Feb 2020 and I'm use that and either NFCU card or Amex card to split up some BTs

All their cards are great. It's up to you to determine which one fits your spend and your needs. If you need BT, then as mentioned up thread Platinum has that offer.

Re: NFCU new member

blindambition — Sat, 21 Mar 2020 19:54:06 GMT

@WannabDebtFree1 wrote:
@Saeren I'm just wondering as being a new member if I should try for another card and wait for the 91/3 to app for flagship or Platinum?

Welcome to the Navy family. First card rarely starts with higher limit. So get a card that will provide use, but not necessarily BT to start. The Plat could provide more BT power with CLI at 3/91.

Id also be cautious with BT on Amex right now. If it's first and new.

Re: NFCU new member

M_Smart007 — Sat, 21 Mar 2020 20:00:07 GMT

@Anonymous, Does'nt the 0% BT have to be done within the first 30 days of card opening?

Edited

Re: NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 20:00:39 GMT

@blindambition I've been with Amex for about 5+ years with Amex Everyday and Amex Platinum

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 20:01:20 GMT

@M_Smart007 wrote:
@Anonymous, Does'nt the 0% BT have to be done within the first 30 days of card opening?

Yes it does.

Its really up to the OP. It's not like NFCU doesn't allow PCs any time so if OP gets a $1K limit and that's not useful for BT, it can always be PC'd to More Rewards or cashRewards and another Platinum can be gotten at 91/3.

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 20:04:26 GMT

@WannabDebtFree1 How many cards do you have right now, what are their limits, and how many cards have you opened in the last 24 months?

Re: NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 20:21:09 GMT

@Saeren thank you for all feedback and advice again.

Amex Plat $1290 balance (unknown limit-PIF each month)

CSP $5600 balance/ $14k limit

Amex Everyday $380 balance / $2000 limit (PIF monthly)

Chase Slate $0 bal/$500 limit

BBT Bright $6100 bal/ $6500 limit (BT card)

BBVA clearpoints $0 bal/$4200 limit

Fifth Third bank CC $11k balance/$16k limit (currently paying down, not using at all-which is why I'd like BT)

Best Buy $2600 balance/$3k limit

Chase Freedom Unlimited AU on wife card $590 bal/$5800 limit (PIF monthly)

I think that's it. New credit last 24 months (Amex Platinum, CSP, BB&T, Bbva)

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 20:33:28 GMT

Based on the fact that you have a maxed out card and you are unlikely to get a large enough limit to BT for the first card, I would just go for More Rewards or cashRewards for now and then the Platinum at 91/3 and then the Flagship later.

Re: NFCU new member

sladesurfer — Sat, 21 Mar 2020 20:43:01 GMT

@WannabDebtFree1 wrote:
Hey guys, appreciate all the great feedback. Just wanted to let you know I just became a member of NFCU. Some DP will be below. Just started new checking account but question is when should I app and for what CC? A goal card will be the Flagship. Thank you for your reply in advance as I wanna be debt free (in other words use credit smartly, and have credit work for me, rather than me work for them lol)

EXP 712 updated today
TU 689 update in 4 days
EQ 665 update in 4 days
38% Util

I applied for my First NFCU card the other day. I got declined for the Cash Reward Card then applied again the next day for the Platinum Card and got approve for $5000...Go figure! Dont Really understand how they evaluate certain applications to certain cards

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 20:42:20 GMT

FYI.....if you get approved for the Plat card the UW is the same for all cards except maybe for the Flagship which is a bit different. So if you get approved for Plat but then decide on CashRewards. Amex, etc you can always product change with NFCU no repull of credit same credit limit just APR might be different. They are real easy and real cool with doing product change I did it.....My mother did it. Flagship card is the top tier card for them so I would shoot for the other cards GoRewards, Cashrewards, AMEX or Plat depending on what exactly you are wanting.....% of grocery, gas.....travel points, low APR (Plat card), etc. Get the card that will work best for what you are trying to accomplish. NFCU allows you to have up to 3 cards.

@AllZero wrote:
@WannabDebtFree1 wrote:
Hey guys, appreciate all the great feedback. Just wanted to let you know I just became a member of NFCU. Some DP will be below. Just started new checking account but question is when should I app and for what CC? A goal card will be the Flagship. Thank you for your reply in advance as I wanna be debt free (in other words use credit smartly, and have credit work for me, rather than me work for them lol)

EXP 712 updated today
TU 689 update in 4 days
EQ 665 update in 4 days
38% Util
Congratulations on your membership! You should apply when you need credit. Do you need credit?

1st card is anything but the Flagship. Flagship should be your 2nd card. It has a $5,000 minimum starting limit.

Re: NFCU new member

WannabDebtFree1 — Sat, 21 Mar 2020 20:45:56 GMT

Does anyone know what scores NFCU is looking for approval. Such as cash rewards 700 or what are some good DPs possibly needed to get approved. Just thinking before app?

Re: NFCU new member

Anonymous — Sat, 21 Mar 2020 20:49:55 GMT

@WannabDebtFree1 wrote:
Does anyone know what scores NFCU is looking for approval. Such as cash rewards 700 or what are some good DPs possibly needed to get approved. Just thinking before app?

Scores matter very little to NFCU. They look at other things like DTI and payment history much more heavily. I got a $3K cashRewards to start and a $4500 CLI as well as $7200 second card at 91/3 with around a 650 TU FICO8.