topic Re: Is Navy Federal pre-Selected CC the same as pre-approved? in Credit Cards

Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 00:41:38 GMT

Today was the first time I accessed the NFCC website and noticed right away the pre-selected option button. After hitting the button I noticed I had been pre-selected for a Cash Back CC.Does this mean I was offered a Pre-approved CC? If I don't take the offer now will the it still be there one month from now?

This is all new to me. A family member earlier had been denied for a NFCC credit card but then NFCC did offer a secured card which my family member accepted. On their pre-selected they were offered the very same secured credit card. The problem which caused that person's denial appeared to have been an issue with a huge amount of inquiries. Nearly 50 inquiries to be exact. Which is a lot.

Thanks

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 01:20:55 GMT

Any advice from the NF members?

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 01:44:29 GMT

HELPPPPP

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

Anonymous — Tue, 15 Jan 2013 01:50:21 GMT

@MountainHiker wrote:
Today was the first time I accessed the NFCC website and noticed right away the pre-selected option button. After hitting the button I noticed I had been pre-selected for a Cash Back CC.Does this mean I was offered a Pre-approved CC? If I don't take the offer now will the it still be there one month from now?

This is all new to me. A family member earlier had been denied for a NFCC credit card but then NFCC did offer a secured card which my family member accepted. On their pre-selected they were offered the very same secured credit card. The problem which caused that person's denial appeared to have been an issue with a huge amount of inquiries. Nearly 50 inquiries to be exact. Which is a lot.

Thanks

I have never seen a pre-selected button for "NFCU". I would assume you are not actually referring to NFCC "National Foundation for Credit Counseling".

A pre-selected offer is similar to a pre-approved offer, just different wording. So, yes you were pre approved.

If you are pre-approved now, and nothing gets worse. You would have no reason to get denied later on.

If you credit report is in decent shape, and you have an okay income. You should be good to go.

Good Luck!

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

Anonymous — Tue, 15 Jan 2013 01:49:41 GMT

I've always heard that if navy shows an offer then you take it because your more than likely going to get it. When the offer popped up for me I took it and got approved for 3k with only 2 months of history and a 630 fico. If you can afford to take the inquiry and new account then go for it. I did get the 3-5 day message so if you get that don't worry.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 02:10:23 GMT

@Anonymous wrote:
I've always heard that if navy shows an offer then you take it because your more than likely going to get it. When the offer popped up for me I took it and got approved for 3k with only 2 months of history and a 630 fico. If you can afford to take the inquiry and new account then go for it. I did get the 3-5 day message so if you get that don't worry.

Thank you for responding.Do you have any idea how long the pre-selected offer will stay on my profile? I would like for my paid off balances the time to show up.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

Anonymous — Tue, 15 Jan 2013 02:15:25 GMT

Not sure. When ever I get those offers it seems they are there atleast a couple weeks. But as long as your credit doesn't get worse then right now you will be fine. Navy fed is very generous and seem to give everyone a chance. Just don't ever burn them because they never forget.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

j_casteel — Tue, 15 Jan 2013 02:24:14 GMT

lol at your impatience...

the offers come and go.....not a "sure thing" but you can pretty much call it that when you have a pre-selected offers from NFCU. The day I got my online access I had a pre-selected offer for the cashRewards card. I applied and was approved for a Visa siggy at $8k.

Good luck!

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

Creditaddict — Tue, 15 Jan 2013 04:22:53 GMT

From my experience when it comes to Navy and "Online" screen just above your accounts when signed in to main page, those are approved... just click it.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 04:33:51 GMT

@Anonymous wrote:
Not sure. When ever I get those offers it seems they are there atleast a couple weeks. But as long as your credit doesn't get worse then right now you will be fine. Navy fed is very generous and seem to give everyone a chance. Just don't ever burn them because they never forget.

Nice to know these type of offers are put out on a regular basis.I want to App but trying to guage when best to do so. I'm not a patient person and at the same time playing the waiting game can be helpfull in situations like this. I act too fast and I might get offered a small limit.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 04:35:53 GMT

@Creditaddict wrote:
From my experience when it comes to Navy and "Online" screen just above your accounts when signed in to main page, those are approved... just click it.

It is so tempting!

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 05:59:37 GMT

My Apping temptation seem to have solved it self. I opened the pre-selected offer just to get a better look at the details.A few minutes later left to surf another website and when I returned the offer had dissappeared. I will take that as a sign that Apping right now for a NF CC should wait till march when my collection falls off.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

Anonymous — Tue, 15 Jan 2013 11:36:32 GMT

Your over thinking this, NFCU is not your typical lender. Is your equifax score over 620 is the collection more than a year old. From my experiece this means you will be approved. I was approved with a CO and a Collection with a score of 629 for 5k. Now with a score of 692 I have two credit cards one for 10k the other for 5k and navcheck for 5k.

Re: Is Navy Federal pre-Selected CC the same as pre-approved?

MountainHiker — Tue, 15 Jan 2013 23:27:19 GMT

@Anonymous wrote:
Your over thinking this, NFCU is not your typical lender. Is your equifax score over 620 is the collection more than a year old. From my experiece this means you will be approved. I was approved with a CO and a Collection with a score of 629 for 5k. Now with a score of 692 I have two credit cards one for 10k the other for 5k and navcheck for 5k.

Thank you for your advice. It's very obvious that I am quite gun shy because of the various credit card denials experienced in the last year.I have only been approved by two credit card companies. Chase after three recons was kind enough to approve me for a $500 limit Freedom card which was amazing and allowed to me my first unsecured card since rebuilding.And my second credit card offer came from DCU and the limit was $3K. I later decided not to accept their rewards card. I felt it was the right thing to do because I got an uneasy feeling while communicating with their customer service department. So at this point I probably am over thinking this whole process of attaining credit cards due to past bad experiences.