topic Re: NFCU Questions in Credit Cards

NFCU Questions

Anonymous — Mon, 20 Sep 2021 15:21:27 GMT

Hello all,

So I was able to get a NFCU account via my roommate WOOP! WOOP! lol. (about a week ago)

So I started out with 1 checking and 1 savings, even though it makes it seem like you only sign up for checking when you sign up online. I also set some of my direct deposit to go into both of those accounts.

Now I have read NFCU is generous and prefers their internal scores over external credit bureaus and they like to see you doing business with them for a period of time before the lend money.

So my question is, what was your quickest high limit card with nfcu after your initial approval date?

All 3 scores are low to mid 600s

Re: NFCU Questions

sourpuss29 — Mon, 20 Sep 2021 15:33:45 GMT

I became a member of Navy on the 15th of July and was approved right after for the cashRewards. My TU and internal scores at the time were 757 and 292 respectively, and my starting limit is $2,600...which was more than likely related to my AAoA being less than a year.

Re: NFCU Questions

Yasselife — Mon, 20 Sep 2021 15:31:30 GMT

@Anonymous I apped as soon as the membership process was done, all online. I tried the prequal and all cards showed up, so went for the more rewards $3k(12.99apr). You can ask for a limit increase after 3rd statement or 94 days.

Re: NFCU Questions

sourpuss29 — Mon, 20 Sep 2021 15:41:34 GMT

@Yasselife

Even though some folks like to wait an extra day or two, the rule for limit increases is actually 91 days/3 FULL statements.

Re: NFCU Questions

Anonymous — Mon, 20 Sep 2021 15:43:16 GMT

@Yasselife wrote:
@Anonymous I apped as soon as the membership process was done, all online. I tried the prequal and all cards showed up, so went for the more rewards $3k(12.99apr). You can ask for a limit increase after 3rd statement or 94 days.

Thank you. At the moment, I only prequal for the secured card. My scores are mid to low 600s and utilization on 2 of my other cards are really high (thanks covid).

But Ill try to prequal again at 3 months.

Re: NFCU Questions

Anonymous — Mon, 20 Sep 2021 15:44:02 GMT

@sourpuss29 wrote:
I became a member of Navy on the 15th of July and was approved right after for the cashRewards. My TU and internal scores at the time were 757 and 292 respectively, and my starting limit is $2,600...which was more than likely related to my AAoA being less than a year.

My exteranl acores def aren't that high lol. How did you find your internal score?

Re: NFCU Questions

sourpuss29 — Mon, 20 Sep 2021 15:45:55 GMT

@Anonymous

Both scores were on the letter Navy sent me regarding the credit card approval.

Re: NFCU Questions

gdale6 — Mon, 20 Sep 2021 15:54:29 GMT

Hi there OP,

I have removed your cross post on this from the approvals forum, please refrain from cross posting in the future it can lead to confusion by the members and its not inline with our TOS. Thanks for your understanding on this. I am also going to move this to the main CC forum for you.

Re: NFCU Questions

sourpuss29 — Mon, 20 Sep 2021 16:06:57 GMT

@Anonymous wrote:

...Thank you. At the moment, I only prequal for the secured card. My scores are mid to low 600s and utilization on 2 of my other cards are really high (thanks covid).

Based on everything I've read about Navy, going the secured route is an absolutely tangible way to get your foot in the door in terms of their credit cards, and doing so would also assist in building your relationship with them. If I recall correctly, said card can become unsecured in as little as seven months; and at that time, it will also be converted to a different product/get a limit increase.

Re: NFCU Questions

Gollum — Tue, 21 Sep 2021 08:33:34 GMT

@Anonymous wrote:
Hello all,

So I was able to get a NFCU account via my roommate WOOP! WOOP! lol. (about a week ago)

So I started out with 1 checking and 1 savings, even though it makes it seem like you only sign up for checking when you sign up online. I also set some of my direct deposit to go into both of those accounts.

Now I have read NFCU is generous and prefers their internal scores over external credit bureaus and they like to see you doing business with them for a period of time before the lend money.

So my question is, what was your quickest high limit card with nfcu after your initial approval date?

All 3 scores are low to mid 600s

Dunno what "quickest high limit card with nfcu after your initial approval date" means. I applied for a $25,000 credit limit and that's what I got.

Re: NFCU Questions

SUPERSQUID — Tue, 21 Sep 2021 10:53:59 GMT

@Anonymous wrote:
Hello all,

So I was able to get a NFCU account via my roommate WOOP! WOOP! lol. (about a week ago)

So I started out with 1 checking and 1 savings, even though it makes it seem like you only sign up for checking when you sign up online. I also set some of my direct deposit to go into both of those accounts.

Now I have read NFCU is generous and prefers their internal scores over external credit bureaus and they like to see you doing business with them for a period of time before the lend money.

So my question is, what was your quickest high limit card with nfcu after your initial approval date?

All 3 scores are low to mid 600s

I think you may be rebuilding like me. big limits are going to take time. i believe the mantra i have read many times on these boards" building good credit is a marathon not a sprint " . in my case i have a bk7 on my reports from 12/2019. my strategy is to wait until january to app so i am 2 years post bk and get a better sl. for now i joined nfcu in may and have a checking/savings. i have been using my debit card from them a little and dont forget their rule for the checking. they require you to write one check per year to maintain free checking.

i think you stated how you opened the accounts backwards. the savings is first and then the checking. i know this because when i initially joined they offered me a savings and then a week later i called them and opened a checking. remember FREE checks for duration of the account.

if i dont get approved in january for an unsecured product i will opt for the nrewards secured but i am hoping for the unsecured cash rewards.

there must be a reason why your scores are low/ baddies? or just starting out? it took me a year just to get my scores to the 660-670 range. good luck