topic Re: NFCU nsecured strategy? in Credit Cards

NFCU nsecured strategy?

nekosans — Tue, 27 Dec 2022 04:54:15 GMT

I currently am mid rebuild and would like to move my current secured card into NFCU. I was denied a standard card so this seems to be the route I have to go for now. My current secured card is $2,000 and sort of an overall utilization buffer but with how NFCU is would putting that much of a limit into their secured offering be of any benefit to me? I was thinking of taking $1,000 out of it now that I have a $1000 Discover IT card I got approved for. Is there some golden amount or strategy to it at all?

My goal is to just let my credit rest and graduate within NFCUs offerings so I can cancel my subprime cards since ive moved out of the 500s. I currently have Mission Lane, two low AF Credit One cards, a Kohls card, Surge, the Discover IT and Fifth Third secured. I am sitting around 650 FICO8 but have around 15 inquiries I am still fighting from a recent problem...so I was denied reconsideration for a standard card.

Re: NFCU nsecured strategy?

OmarGB9 — Tue, 27 Dec 2022 06:32:33 GMT

No real strategy. The main thing with NFCU is relationship (i.e. just give them time.); the limit you decide to put for your secured card doesn't matter. If able/plausible, expand your relationship with them via a checking account (doesn't have to be one that charges fees - it can be the free one), SSL, direct deposit, etc. All of that helps increase your internal score, which in turn helps your odds of graduating/getting CLIs.

Re: NFCU nsecured strategy?

SUPERSQUID — Tue, 27 Dec 2022 12:56:39 GMT

@OmarGB9 wrote:
No real strategy. The main thing with NFCU is relationship (i.e. just give them time.); the limit you decide to put for your secured card doesn't matter. If able/plausible, expand your relationship with them via a checking account (doesn't have to be one that charges fees - it can be the free one), SSL, direct deposit, etc. All of that helps increase your internal score, which in turn helps your odds of graduating/getting CLIs.

Also when i first opened my checking and savings it was with 15 dollars in each. It doesnt take a lot of money to open them.