topic Re: NFCU Questions in Credit Cards

NFCU Questions

Anonymous — Wed, 20 Mar 2013 21:30:52 GMT

Is NFCU sensitive to new TL's? My boyfriend, who is also rebuilding his credit, has had a Cap1 BB Rewardzone card and the annual fee is in May. We want to replace this card with one from NFCU. However, I added him as an AU on a few new accounts of mine (2 stores, 1 CC) and he also financed a car a few months ago.

We want to establish a relationship through them, as we plan to use them when we buy a house. His income is ~$70k (not counting any furloughs that may happen!!!). His FICO's are about the same as mine (+/- 10 with about the same average).

Re: NFCU Questions

starry1 — Wed, 20 Mar 2013 21:31:38 GMT

Not that I'm aware of.

Re: NFCU Questions

Anonymous — Wed, 20 Mar 2013 21:37:00 GMT

Nope

Re: NFCU Questions

Anonymous — Wed, 20 Mar 2013 21:52:00 GMT

Awesome!

I don't know if he could handle a rejection. LOL. We've been doing so good with approvals.

I will probably wait until next month, he has to unfreeze his accounts anyways. Maybe put a deposit into our account with them to butter them up.

Re: NFCU Questions

Anonymous — Wed, 20 Mar 2013 22:40:58 GMT

Well, funny enough I logged into the account and there was a banner that he has been pre-selected for cash rewards. Good sign!

Re: NFCU Questions

Anonymous — Wed, 20 Mar 2013 23:28:15 GMT

@Anonymous wrote:
Well, funny enough I logged into the account and there was a banner that he has been pre-selected for cash rewards. Good sign!

I think it comes with a balance trasnfer offer if he needs it. Congrats!

Re: NFCU Questions

Anonymous — Thu, 21 Mar 2013 13:43:46 GMT

Update: He was approved for the Cash Rewards for 15k and 11.4% ! I can't believe it!

Re: NFCU Questions

Anonymous — Thu, 21 Mar 2013 13:42:51 GMT

I think we are going to PIF the Cap 1. It's a 400 limit and we only had ~150 on it.

Re: NFCU Questions

madmann26 — Thu, 21 Mar 2013 14:10:25 GMT

That's a nice limit! Congrats!

Re: NFCU Questions

webhopper — Thu, 21 Mar 2013 15:17:48 GMT

In my recent experience, they are not new account sensitive, they aren't inquiry sensitive.

If he wants an NFCU account, there is not a good reason to wait in my opinion...

Congrats!!!

Also, consider getting the overdraft LOC, its nice, counts as revolving... and it comes with its own checkbook in case the merchant doesn't take credit cards.

Re: NFCU Questions

Anonymous — Thu, 21 Mar 2013 15:28:06 GMT

Thanks!

I'm kinda scared to apply for the LOC, even after he got the nice CL.

Re: NFCU Questions

webhopper — Thu, 21 Mar 2013 15:36:28 GMT

Dont be... NavCheck will grow over time, and if you never use it, there is no AA, nor will they decrease your LOC. It can come in handy, definately. It comes with its own checkbook so its just like writing a check... I love my NavCheck

Re: NFCU Questions

webhopper — Thu, 21 Mar 2013 15:39:18 GMT

It comes in handy when you want to use credit to pay for something, but you dont want to pay a "convenience fee"

it saves a lot of money for either you or the merchant to write a NavCheck vs swiping a card.

I got it to pay my contractor, who is a small business man... I didn't think it was fair for him to pay the 2.8% swipe fees on payments that were thousands of dollars

Re: NFCU Questions

Anonymous — Thu, 21 Mar 2013 15:57:36 GMT

That's a good point.

I'll research a good starting amount to ask for. Should it be about my CC limit?

Edit: I'm saying my, or our a lot when it's my boyfriends. But we are joint on the checking/saving. And I am an AU on the CC. Plus I handle the money.

Re: NFCU Questions

fishbjc — Thu, 21 Mar 2013 16:02:47 GMT

Webhopper, you are incorrect about NFCU not being inquiry sensitive. I was just DECLINED for having too many inquiries @ 10 (and they were 3 of them).

Re: NFCU Questions

webhopper — Thu, 21 Mar 2013 16:07:50 GMT

@fishbjc wrote:
@webhopper, you are incorrect about NFCU not being inquiry sensitive. I was just DECLINED for having too many inquiries @ 10 (and they were 3 of them).

That's the first decline I've heard of with them. I had over ten inquiries on each bureau when I apped for both the CC and the LOC... as well as an auto refinance and a new car loan. I was offered a 22k line on the CC, 15k line on the LOC. 4.09% on the used car loan, and 1.79% on the new car loan...

In my experience, they didn't care about my inquiries, but my score is strong... 680+

maybe your score was borderline?

Re: NFCU Questions

Anonymous — Fri, 22 Mar 2013 00:14:45 GMT

Want to add his approval came through a little after midnight. So not just normal business hours.

Re: NFCU Questions

Anonymous — Fri, 29 Mar 2013 21:35:40 GMT

Adding again in case anyone looks at this for information.

Received all the disclosure information, and pamphlets today. His FICO was 691 and they pulled TU. Still no card though.