topic Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do? in Credit Cards

NFCU Secured Card.. Hitting 2 yrs in April! What to do?

jrodzmc09 — Sun, 30 Dec 2012 16:56:03 GMT

Im having this dilemma for the past weeks.. Story here is Ive had my NFCU Secure Nrewards card since Apry il 2011 and still havent had my card unsecured.. Made 2-3 calls to the people at NFCU about getting my card unsecured. Never been late, never maxed out, always PIF. But somehow I am not worthy of a unsecured NFCU CC? Puzzles me. I did increase my CL from the initial $500 to $1000. Don't see how that would affect their decision, instead it should encourage them to let me off the leash. Just saying. Any input would be greatly appreciated. Will probably give them one last chance after this holiday and give them the ultimatum.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Anonymous — Sun, 30 Dec 2012 16:59:13 GMT

Your going to have to app on the new credit card with NFCU ! Just do it with your scores you should have no problem getting a unsecured visa or mastercard

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

starry1 — Sun, 30 Dec 2012 17:00:46 GMT

They're not talking to you? Why not app for an unsecured card and recon if you have to. Two cards won't hurt you.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

pizzadude — Sun, 30 Dec 2012 17:10:26 GMT

@starry1 wrote:
They're not talking to you? Why not app for an unsecured card and recon if you have to. Two cards won't hurt you.

+1. I would just apply for an unsecured card with them, I would bet that you'll be approved.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

shols44 — Sun, 30 Dec 2012 17:11:23 GMT

+1. App for a new card with them. At 650 Fico, NFCU will definitely approve.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

jrodzmc09 — Sun, 30 Dec 2012 17:31:50 GMT

I know their is a possible chance of my approval for an unsecured card with NFCU, but I didnt want it at the expense of a HP. I just recently got a Barclays Financing Visa $1200 CL on October. So I'm pretty confident on that. Currently disputing some items off my report as well. Thats gonna take time. Got to Comenity Bank and PRA removed off my Experian, waiting for those to jump off my TU. Now that the picture is clearer you might understand why I ld like to just get the card to graduate, get my $1000 deposit and avoid the HP equals happy customer.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Anonymous — Sun, 30 Dec 2012 17:40:13 GMT

I got my secured card with NFCU the same time you did. April of 2011. They did not unsecure my card until Aug/Sep this year, and that was only after I'd finished paying off my loan with them. They then gave me a CLI of $500. But I'd decided that I wasn't going to wait for them to unsecure my card and that I'd try my hand at a regular NRewards card. This was back in February. They approved me for $4k, so I just held onto that card and the secured card for a total of 2 cards.

You can get another card with them before your card unsecures. In fact, according to them, you can have a total of 3 credit cards. I'd try it if I were you. Don't demand anything, just apply.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

pizzadude — Sun, 30 Dec 2012 17:50:00 GMT

Also it's quite possible that you'll get a HP as part of the unsecure process so you may not be able to avoid it. NFCU is very pull happy.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Anonymous — Sun, 30 Dec 2012 17:54:57 GMT

@pizzadude wrote:
Also it's quite possible that you'll get a HP as part of the unsecure process so you may not be able to avoid it. NFCU is very pull happy.

^^ This....And really they are.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Creditaddict — Sun, 30 Dec 2012 18:04:08 GMT

I agree with my experience of the secured card, I wish I knew then to stop calling and asking to unsecure but to just apply for a new account because that's not how Bank of America does it, or National City - now PNC, many others either...

It most likely with take a HP to unsecure but Navy seems to want you to just apply for a new card but don't seem to just tell you!

I say don't wait and don't worry about the HP.... That long of relationship with Navy AND a 650+ you should clear $5k on an approval!!!

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

jrodzmc09 — Sun, 30 Dec 2012 18:21:02 GMT

Well I will probably if anything pull the trigger next month when the scores are fresh and my TU is due for a new score/report from myFico on January. We'll see how that goes and maybe get a better CL than what I would get right now with this old score. BTW. Thanks for all the input I've gotten as of now. Its great hearing different opinions and experiences on this matter.

Edit: BTW whats the best way to better your chances on approval with a NFCU CC? From past experiences.. Online, Phone, etc etc..

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Anonymous — Sun, 30 Dec 2012 18:37:05 GMT

@jrodzmc09 wrote:
Well I will probably if anything pull the trigger next month when the scores are fresh and my TU is due for a new score/report from myFico on January. We'll see how that goes and maybe get a better CL than what I would get right now with this old score. BTW. Thanks for all the input I've gotten as of now. Its great hearing different opinions and experiences on this matter.

Edit: BTW whats the best way to better your chances on approval with a NFCU CC? From past experiences.. Online, Phone, etc etc..

I personally don't like to talk to people over the phone. It makes me nervous LOL. I always apply online, but you may be different.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

jrodzmc09 — Sun, 30 Dec 2012 18:42:48 GMT

I'm just noticing your scores are similar to mine. Did you have any baddies and what where they when you app'ed for a "real" NFCU CC. TiA.

Re: NFCU Secured Card.. Hitting 2 yrs in April! What to do?

Anonymous — Sun, 30 Dec 2012 18:52:24 GMT

@jrodzmc09 wrote:
I'm just noticing your scores are similar to mine. Did you have any baddies and what where they when you app'ed for a "real" NFCU CC. TiA.

No collections

Verizon Wireless Paid CO - 4/5 months old

NFCU vehicle loan with 6 or 7 30 day lates, and 3 60 day lates

NFCU consolidation loan that was paid off but the final payment got counted as 30 days late

EQ Fico probably was around 642-648 then.

Had obtained an Amazon Store Card, Amex Zync, and Barclays card a few months prior. Like between August and October of 2011.

your selling yourself short with worry

Anonymous — Sun, 30 Dec 2012 18:52:36 GMT

your selling yourself short with worry

Re: your selling yourself short with worry

jrodzmc09 — Sun, 30 Dec 2012 19:07:32 GMT

@Anonymous wrote:
your selling yourself short with worry

No! Not really. I just want to make sure all my lines are straight. On my 675 TU is 2 CO CC's (Express & HSBC) GW with Express and PRA. They are getting removed, but havent hit TU yet, only EX. 2 foreclosed Chase mortgage loans. Coming off Dec. 2013. 4 Revolving Accounts. 3 paid off installment loans (2 are toyota financial credit car loans, closed and paid) 2 inquiries (last was 10/12) and 2 collections PRA & AD ASTRA RECOVERY (PRA should be coming off in the next month or so and I GW'ed AD Astra Recovery)

So now that my dirty laundry is out can someone tell me what are my more accurate odds of success.

Re: your selling yourself short with worry

shols44 — Sun, 30 Dec 2012 19:43:51 GMT

@jrodzmc09 wrote:
@Anonymous wrote:
your selling yourself short with worry
No! Not really. I just want to make sure all my lines are straight. On my 675 TU is 2 CO CC's (Express & HSBC) GW with Express and PRA. They are getting removed, but havent hit TU yet, only EX. 2 foreclosed Chase mortgage loans. Coming off Dec. 2013. 4 Revolving Accounts. 3 paid off installment loans (2 are toyota financial credit car loans, closed and paid) 2 inquiries (last was 10/12) and 2 collections PRA & AD ASTRA RECOVERY (PRA should be coming off in the next month or so and I GW'ed AD Astra Recovery)

So now that my dirty laundry is out can someone tell me what are my more accurate odds of success.

99% Chance you get approved and approved big. If you truly have a EQ 650, you will get approved. Expect 5K ish. Especially since you have 2 years of positive history with them. Stop worrying and go for it. Look at my Sig...then see what NFCU card I'm rocking!

Re: your selling yourself short with worry

Anonymous — Sun, 30 Dec 2012 19:50:10 GMT

I think you will be approved as well, your going to get the In review process than in a couple of days bamm you will get the 5k. Also check my signature on what NFCU cards I have as well. My story not unlike yours.

Re: your selling yourself short with worry

pizzadude — Sun, 30 Dec 2012 22:01:47 GMT

+1. NFCU is the best with giving generous CLs and approvals to rebuilders. You should have no trouble getting approved, especially given your secured card's history with them.

Re: your selling yourself short with worry

jrodzmc09 — Mon, 31 Dec 2012 19:46:20 GMT

@pizzadude wrote:
+1. NFCU is the best with giving generous CLs and approvals to rebuilders. You should have no trouble getting approved, especially given your secured card's history with them.

So you would say go ahead and apply for any NFCU? Base on your experiences I could possibly be approved for the Flagship Signature card? Not that I see myself in need of that, but just out of curiosity. Personally I would probably just try for the CashRewards or just an unsecured nRewards. Not big on the AF CC's.