topic Re: NFCU-should I app for another? in Credit Cards

NFCU-should I app for another?

Sitori — Thu, 06 Jun 2013 14:34:03 GMT

I got my membership a week ago, and the cash rewards with a 14,000 CL.

Should I app for the Flagship now or go into the garden for a while? My EQ is now a 705 and my TU is a 715.

I have 10 inq's now. I'm wondering if my score will drop with the new account and extra inq once it reports or if it'll go up(due to such a high CL).
I also got the care credit of $6000 CL. So that's another new account.

So, should I app for the flagship now or should I wait? I don't want my score taking a dive and not sure if I should garden now or take another inq and new account at the same time as the other new accounts.

The care credit is going to be maxed out on Monday.

Also, if I add another new CC will that drop my score bc ill now have an extra 3 accounts?

Re: NFCU-should I app for another?

ktl72455 — Thu, 06 Jun 2013 15:26:43 GMT

Your score will drop a dab from the inquiry's and then when the new accounts hit it might take a small ding becuase it changes your Age of accounts but will rebound quickly. I would do it before the maxed out one reports though so it dont show. I think its cute, we had to almost drag you to the NFCU join button and look at you now!! Wanting more!! I think its great! NFCU is amazing and I am wondering if I should go for the cash rewards card as well or wait it out a bit as well. Hopefully some one can answer us :-)

Re: NFCU-should I app for another?

Anonymous — Thu, 06 Jun 2013 15:50:24 GMT

If you apply and are denied, you can move some credit line from your cash rewards to get a Flagship (min of $5k). Or...you could try for a CLI for your cash rewards and move a min of $5k to open up a Flagship.

Re: NFCU-should I app for another?

Anonymous — Thu, 06 Jun 2013 19:14:52 GMT

@Anonymous wrote:
you could try for a CLI for your cash rewards and move a min of $5k to open up a Flagship.

Can you do this without a HP?

Re: NFCU-should I app for another?

Scupra — Thu, 06 Jun 2013 19:21:35 GMT

@Anonymous wrote:
@Anonymous wrote:
you could try for a CLI for your cash rewards and move a min of $5k to open up a Flagship.
Can you do this without a HP?

CLI would be a toss up, who knows. To transfer $5k to make a flagship there would be no HP

Re: NFCU-should I app for another?

Sitori — Thu, 06 Jun 2013 20:52:47 GMT

Lol @ ktl ...u never had to drag me! I was biting my nails off for a month waiting until I could App! I was waiting for my score to boost and I paid down my CC's. it paid off too!

I just don't know if it's smarter to app for another card now or garden and then do it. I don't know if it's better to take the hits all at once or wait.

Re: NFCU-should I app for another?

Sitori — Thu, 06 Jun 2013 20:53:29 GMT

Can they use the same HP from my app for the cash rewards if I app for the flagship?

Re: NFCU-should I app for another?

Sitori — Thu, 06 Jun 2013 20:54:32 GMT

I guess what I'm asking is...will it be better for my score to only have the 2 new accounts (cash rewards and care credit) and wait to app for the flagship or would it be better to have all 3 new accounts at once

Re: NFCU-should I app for another?

Siopao — Thu, 06 Jun 2013 21:31:20 GMT

@Sitori wrote:
Can they use the same HP from my app for the cash rewards if I app for the flagship?

I know for sure that they will not use the same app. As you have seen before NFCU is HP crazy!

Re: NFCU-should I app for another?

Siopao — Thu, 06 Jun 2013 21:34:34 GMT

@Sitori wrote:
I guess what I'm asking is...will it be better for my score to only have the 2 new accounts (cash rewards and care credit) and wait to app for the flagship or would it be better to have all 3 new accounts at once

I guess it would depend on what you want to do six months to a year from now. If you don't have any reason to have a higher score, then it may be good to just go ahead and app now and take the dings to your credit score and garden for a year. I apped like crazy in April, yes I did take a hit to my score, but I'm also gardening now and I'm not planning to buy a house or anything in the next year.

Re: NFCU-should I app for another?

Sitori — Fri, 07 Jun 2013 15:25:48 GMT

If I'm planning on getting a car next year should I hold off on the Other card or get it now?

Do they take Into account how much credit you have out before giving you an auto loan? I'm going back to school in the fall and my Income will be cut in half. If I app for an auto loan with less income and I have a lot of available credit will that affect me in getting an auto loan?

Debt to income ratio?

Would it be better to only keep my cash rewards card for now, or will it not matter if I have the extra line of credit.

I don't really plan on using that much, I just want to have it for when I need it, and for the UTL purposes.