topic Re: NFCU CC Chances in Credit Cards

NFCU CC Chances

PresidentPatton — Thu, 31 Jan 2013 15:57:59 GMT

I have just signed up for a membership/account with NFCU and I have two questions. First, how long should I wait to apply for a CC; and second, what are my chances on getting approved for a nRewards CC? My current scores are in my sig below and my income is 66k.

Re: NFCU CC Chances

jsickz32 — Thu, 31 Jan 2013 16:03:37 GMT

I cant see scores but if theres no baddies on your report id say you 7k+ and you can apply whenever you want. I applied right away

Re: NFCU CC Chances

PresidentPatton — Thu, 31 Jan 2013 16:07:00 GMT

Thanks jsickz32,

My scores are EQ 514, EX 525, TU 585 and unfortunately I do have some baddies as I am just at the beginning of my journey. I'm sure I won't get the 7k but I have been in the constant denial mode. Do you think I will get approved with that information?

Re: NFCU CC Chances

jsickz32 — Thu, 31 Jan 2013 16:10:32 GMT

My dad was approved for 2k cashRewards, 2k platinum and 5k navcheck with scores little higher than you but still in 500s. He had a bk7 from 09 and multiple COs. So yeah lol he also got his truck refinanced with them and went from 24% to 6%.

Re: NFCU CC Chances

Scupra — Thu, 31 Jan 2013 16:23:34 GMT

If you do try please keep us updated. There has been multiple stories on here of approvals with scores in the 500's. Don't go into it expecting much and see what happens. They have a great secured card if all else fails, and the possibility of it graduating is there. Good luck!

Re: NFCU CC Chances

starry1 — Thu, 31 Jan 2013 16:34:10 GMT

I'm also going to be app'ing with NFCU soon, and I'm being cautious and have a grand ready to plunk down on a secured card in case they don't want to trust me yet.

Re: NFCU CC Chances

Anonymous — Thu, 31 Jan 2013 17:34:19 GMT

My wife has scores similar to yours, and they approved her for a nRewards card with a $1K limit...

Re: NFCU CC Chances

Scupra — Thu, 31 Jan 2013 17:45:32 GMT

Starting to wish I would have apped for an unsecured card rather than just applying solely for the secured version. I thought I had no chance. Cross my fingers and hope they insecure at 1yr!

Re: NFCU CC Chances

starry1 — Thu, 31 Jan 2013 19:03:23 GMT

I know scupra, that's why I'm hopeful. I've seen on other sites of a handful of people within weeks of bk and eq scores lower than mine getting $1-3k right away, but like I said, I'm prepared if they won't approve me quite yet.

Re: NFCU CC Chances

PresidentPatton — Thu, 31 Jan 2013 19:56:38 GMT

Thanks everyone for the info! I'm gonna do it but I'm going to wait at least 24 hours from opening up the account so I'll apply tomorrow and let you all know! I'll be keeping my fingers crossed for a while!

Re: NFCU CC Chances

starry1 — Thu, 31 Jan 2013 20:01:13 GMT

Good luck and keep us posted!

Re: NFCU CC Chances

Scupra — Thu, 31 Jan 2013 20:06:25 GMT

Please do keep us updated! Darn this thread for making me want to call in and app for an unsecured card :/

Re: NFCU CC Chances

starry1 — Thu, 31 Jan 2013 21:02:08 GMT

@Scupra wrote:
Please do keep us updated! Darn this thread for making me want to call in and app for an unsecured card :/

How long have you had your Navy? If its been three months, I'd probably pull that trigger and try to get an unsecured card. Well, maybe four months.

Re: NFCU CC Chances

Scupra — Thu, 31 Jan 2013 21:35:17 GMT

@starry1 wrote:
@Scupra wrote:
Please do keep us updated! Darn this thread for making me want to call in and app for an unsecured card :/

How long have you had your Navy? If its been three months, I'd probably pull that trigger and try to get an unsecured card. Well, maybe four months.

I have had it since October 2012. When I opened it I figured I had no chance for an unsecured card so I solely apped for the secured. The point was to hope that they unsecure at the 12th statement like I had seen being done. Dangit, dangit, dangit!

Re: NFCU CC Chances

PresidentPatton — Thu, 07 Feb 2013 19:24:21 GMT

Sorry I haven't gotten back to you all. I applied for a checking/savings account with NFCU on 1/31 and was told online that they would contact me, well they never did so today I called them. They are such a breeze to deal with and so far very helpful, luckily my account was approved but my initial deposit didn't go through. This $5 deposit is required so as of now my savings looks like I am $5 in the hole, I have scheduled a transfer from my Chase account to the NFCU account and am now waiting on that to deposit before I apply for the CC. I figured it wouldn't look to good if I was asking for credit if the account was at a negative balance. So I'll keep an eye on the NFCU balance and then apply once I'm in the clear, does anyone think that it would be wise to deposit a larger sum of money in the account before I apply? I just don't know if that would help them make the decision. Thoughts?

Re: NFCU CC Chances

Scupra — Thu, 07 Feb 2013 20:25:07 GMT

@PresidentPatton wrote:
Sorry I haven't gotten back to you all. I applied for a checking/savings account with NFCU on 1/31 and was told online that they would contact me, well they never did so today I called them. They are such a breeze to deal with and so far very helpful, luckily my account was approved but my initial deposit didn't go through. This $5 deposit is required so as of now my savings looks like I am $5 in the hole, I have scheduled a transfer from my Chase account to the NFCU account and am now waiting on that to deposit before I apply for the CC. I figured it wouldn't look to good if I was asking for credit if the account was at a negative balance. So I'll keep an eye on the NFCU balance and then apply once I'm in the clear, does anyone think that it would be wise to deposit a larger sum of money in the account before I apply? I just don't know if that would help them make the decision. Thoughts?

I am sure it wouldnt hurt to have more funds with them before investing, but I am also pretty sure it wouldnt matter either. Plenty of people open with $5 or $25 and come out with a $10k - $25k limit. So give it a shot and let us know! Good luck

Re: NFCU CC Chances

coachmiff — Thu, 07 Feb 2013 20:36:06 GMT

You don't have to wait--my sister applied yesterday for a savings account and visa platnium at the sametime over the phone--she got approved for 15k--she is waiting on enrollment package in the mail so she can deposit her 5 dollars. I joined last july and got approved for navy visa platnium for 7k with a 629 equifax score and 4 co's which i didn't pay(4years old)!

Re: NFCU CC Chances

PresidentPatton — Thu, 07 Feb 2013 21:08:44 GMT

So I went ahead and tried it since ya'll were confident I didn't need to wait...OMG!!! I'm about to have a heart attack!!! Instantly approved for $6k! OMG, before I messed everything up I couldn't even get a card with history up past $2500. I am in complete shock and am hoping this will help my credit score! My only CC I have now is a Cap1 Secured for $200 but wow! Look at me now!

Re: NFCU CC Chances

Scupra — Thu, 07 Feb 2013 21:20:22 GMT

@PresidentPatton wrote:
So I went ahead and tried it since ya'll were confident I didn't need to wait...OMG!!! I'm about to have a heart attack!!! Instantly approved for $6k! OMG, before I messed everything up I couldn't even get a card with history up past $2500. I am in complete shock and am hoping this will help my credit score! My only CC I have now is a Cap1 Secured for $200 but wow! Look at me now!

Awesome news!!! Congratulations. Which card did you apply for jw?

edit: Are the scores in your signature from Myfico.com? Thanks!

Re: NFCU CC Chances

PresidentPatton — Thu, 07 Feb 2013 21:25:49 GMT

Thanks! I got the nRewards Card and the scores were pulled by the local housing authority so I assume they would be considered like a "Lender Pull".