topic Which is Better? in Credit Cards

Which is Better?

MsAutumn — Sat, 23 Mar 2024 15:16:35 GMT

I did a prequalify with Navy Fed and they prequalified me for all of their cards. I know their pre qualification is flawed and I don't want to get denied for a card. Should I just get the secured card and avoid applying for the unsecured cards? I also know they pull from Transunion and my score is average

Re: Which is Better?

JoeRockhead — Sat, 23 Mar 2024 16:17:24 GMT

Yes their pre-approvals are notoriously unreliable... if you feel your credit is on the fence when it comes to an approval, or get a denial, there's nothing wrong with going the secured route.

What are your FICO scores?

How long have you been with NFCU?

Re: Which is Better?

SouthJamaica — Sat, 23 Mar 2024 16:51:50 GMT

@MsAutumn wrote:
I did a prequalify with Navy Fed and they prequalified me for all of their cards. I know their pre qualification is flawed and I don't want to get denied for a card. Should I just get the secured card and avoid applying for the unsecured cards? I also know they pull from Transunion and my score is average

Without knowing your scores and your profile it's impossible for us to answer your question.

All I can say, without more information, is

1. Navy's underwriting is not the toughest compared to many other lenders.

2. As @JoeRockhead says, there's nothing wrong in applying for a secured card.

3. The fact that you are prequalified for all their cards is a positive, although, as you have observed, it is fallible

Re: Which is Better?

Kforce — Sat, 23 Mar 2024 16:53:07 GMT

Agree with both above post

Re: Which is Better?

MsAutumn — Sat, 23 Mar 2024 16:56:22 GMT

My Transunion score is 631 and I've been with NFCU for about 7 months. I don't know my Transunion Fico score

Re: Which is Better?

House1204 — Sat, 23 Mar 2024 16:58:35 GMT

I burned NFCU for around 20k. They show me prequalified for all their cards as well. I have not paid them back. There is no way I would qualify for one of their cards.

Re: Which is Better?

SouthJamaica — Sat, 23 Mar 2024 17:10:10 GMT

@MsAutumn wrote:
My Transunion score is 631 and I've been with NFCU for about 7 months. I don't know my Transunion Fico score

Do you happen to know any of your FICO scores?

Re: Which is Better?

GZG — Sat, 23 Mar 2024 17:00:36 GMT

@MsAutumn wrote:
My Transunion score is 631 and I've been with NFCU for about 7 months. I don't know my Transunion Fico score

why is your score 631, 631 can mean a whole bunch of different things, and nobody will be able to tell you without knowing that first

list out all of your accounts, any late payments/collections/charge offs, currently owed bad debt, current balances etc.

Re: Which is Better?

CorpCrMgr1 — Sat, 23 Mar 2024 18:00:07 GMT

Like others have said, go for the secured. It is hard admitting to past credit misuse, almost all on the Forums have been there, self included.

Re: Which is Better?

Linnaea — Sat, 23 Mar 2024 19:36:13 GMT

Since they are going to pull your credit regardless... I would call customer service. See if you apply for unsecured and if denied can you use the same pull for the secured? Keep us posted.