topic Re: Navy Fed is the best!!! in Credit Cards

Navy Fed is the best!!!

MrSwiss — Tue, 19 Feb 2013 22:31:03 GMT

My son, just joined the Army (very proud of him). He also joined Navy Fed and that allowed me to join. I joined last Thursday. Today as I’m on the phone (they called me) with a very nice and helpful service agent setting up phone apps and paperless statements and such. She informed me that my App was approved… She then asked “if I knew the limit?” I did not… Heck I did not even know I was approved till she told me. Then BAM she said “it is for a $10K sig cash reward card”.. YES a $10k card.. WOW

Started checking Myfico 12/12..We had to move (landlord sold home) and a rental agent suggested it since we had filled BK 8/11. I was very surprised to see I was at 642!! We got a new home (rental) so all went well there.. After reading what seemed like 100’s and 100's of postings on how to rebuild. I took the plunge Jan-2013 and app for the first time in 4-5yrs (?).. Well I got a Cap1 (1k), Creditone ($300), First Premier ($300) and lastly a Discover ($300). I believe most everyone can get these cards didn’t care it was a start..

Good buy FP and Creditone.. Possibly the Discover since it is with Continental Finance.. I will keep my Cap1 they were the first new card since hitting bottom.

Should I keep Discover so I have three lines?

FYI…

They (Navy Fed) can transfer money now over the phone for your initial start up deposit .. Just started today and I was one the first, so I was told..

Swiss

Re: Navy Fed is the best!!!

bbb3601 — Tue, 19 Feb 2013 23:20:21 GMT

no!! app for a second navy card!!!

Re: Navy Fed is the best!!!

MountainHiker — Tue, 19 Feb 2013 23:24:37 GMT

congratulations on the approved card and sweet limit.Your son sounds like a good young man.Good parents make good kids!

Re: Navy Fed is the best!!!

MrSwiss — Tue, 19 Feb 2013 23:29:48 GMT

Not sure that is a good idea??? Score was 642 12/12- hit 654 and now shows 626.. To many Apps (7-9) and a car loan only 2 inquires from that Chase Auto kicked in at 3.5%.. Also they denied my Flagship request originally, that is how I got the sig rewards instead.. Thought I would get maybe a $1k card not the $10K they gave.. Need score to go back up soon i hope..

swiss

Re: Navy Fed is the best!!!

MrSwiss — Tue, 19 Feb 2013 23:32:03 GMT

Not sure all my cards are posting to my reports yet only see the FP card..

Swiss

Re: Navy Fed is the best!!!

starry1 — Tue, 19 Feb 2013 23:36:19 GMT

You cannot possibly shred that Continental Finance card fast enough.

Re: Navy Fed is the best!!!

MrSwiss — Tue, 19 Feb 2013 23:43:29 GMT

That bad? I thought about keeping it then going to Discover in 6-8mo (YR?) and app for the Discoverit card.

Swiss

Re: Navy Fed is the best!!!

starry1 — Tue, 19 Feb 2013 23:49:35 GMT

its over $200/year just to have the card and even if you don't use it you have to make a payment every month because they charge a maintenance fee of $10/month or something like that. I just came out of bk myself, so I took a look at it and ran away screaming.

Re: Navy Fed is the best!!!

MrSwiss — Tue, 19 Feb 2013 23:49:13 GMT

Thank you!! MH

Swiss

Re: Navy Fed is the best!!!

MrSwiss — Wed, 20 Feb 2013 00:01:56 GMT

If you keep it after the first yr.. First YR $75 no monthly fees and it gave me a trade line. By Jan next yr (Dec really) I need to cancel or app the real Discover card..

Swiss