topic Re: How soon should I apply for Navchek? in Credit Cards

How soon should I apply for Navchek?

newstar87 — Thu, 29 Aug 2013 17:01:11 GMT

I apped Navy CashRewards last week & was approved to get signature card! I want to app for NavChek but was told to wait AFTER 30 days? I read some posts on this forum that says I should app for it within 30 days so they will use the same pull. So what should I do??

Re: How soon should I apply for Navchek?

pizzadude — Thu, 29 Aug 2013 17:07:06 GMT

@newstar87 wrote:
I apped Navy CashRewards last week & was approved to get signature card! I want to app for NavChek but was told to wait AFTER 30 days? I read some posts on this forum that says I should app for it within 30 days so they will use the same pull. So what should I do??

I don't know if it matters to wait, they're really good with approvals. Pretty sure it will be a new HP though, they're very pull happy.

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 29 Aug 2013 17:07:09 GMT

@newstar87 wrote:
I apped Navy CashRewards last week & was approved to get signature card! I want to app for NavChek but was told to wait AFTER 30 days? I read some posts on this forum that says I should app for it within 30 days so they will use the same pull. So what should I do??

No need to wait especially if you started with over $5k on Credit Card. Apply now and ask for the full $15k, it will probably be instant but worse case you will get counter on the full amount but doubt it...

it's going to be another HP either way, but still... do it now and ask for $15k.

Re: How soon should I apply for Navchek?

Anonymous — Thu, 29 Aug 2013 17:07:53 GMT

@newstar87 wrote:
I apped Navy CashRewards last week & was approved to get signature card! I want to app for NavChek but was told to wait AFTER 30 days? I read some posts on this forum that says I should app for it within 30 days so they will use the same pull. So what should I do??

Congrats on the approval.

App for the NavCheck whenever you want, but be aware that they will probably do another hard pull even if it's within 30 days from your last app.

Re: How soon should I apply for Navchek?

hot4u — Thu, 29 Aug 2013 18:40:51 GMT

Navcheck-- There's a good chance they will ask for paystubs and get ready for the Hp..I personally would wait and enjoy your CC for now.

Re: How soon should I apply for Navchek?

Anonymous — Thu, 29 Aug 2013 18:58:43 GMT

I applied for it a week after becoming a member and being approved for the Flagship card. I asked for the full $15K and got it. As said, there will be a HP and a request for most recent paystubs and a bank statement for where your pay is deposited. Since it is a line of credit/loan, then it will not be instantly approved in the manner of a CC. You will receive a secured message stating it is "Conditionally Approved" and that's where the request for the addtional info will come in. The LOC will not be available until they receive the signed promissary paper that they send in the mail.

Only you can decide if its worth it to you to get it now or later. I went for it based on what was available to me with the profile I had at the time and NFCU's rep for being generous. As you can see, the LOC is my largest limit and hopefully with future CLIs on my CCs with Navy, I will have 5-digit credit limits by the time I go for other cards I am interested in having high limits on. As they say, higher limits beget higher limits.

If you do go for the NAVchek, best of luck to you and report back your results.

Re: How soon should I apply for Navchek?

fixmycred14 — Thu, 29 Aug 2013 19:04:31 GMT

@ sweettea How difficult is it to get the TJX rewards card? Yesterday, I was approved for the Nav NRewards $7K. This is my one and only card. I know I need at least one more card at some point.

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 29 Aug 2013 19:11:55 GMT

@fixmycred14 wrote:
@ sweettea How difficult is it to get the TJX rewards card? Yesterday, I was approved for the Nav NRewards $7K. This is my one and only card. I know I need at least one more card at some point.

Multiple thoughts in here:

1. My partner was instantly approved for $15k NavCheck and the only condition on it is they have to physically mail you an application to sign, as soon as the signature was received back the line became "Active" He had not supplied paystubs in about a year and they did not ask for anything further for the navcheck.

2. TJX is GE and is super easy... If you are in the 650+ you should be good with them and probably even get the MasterCard version of it. You can also call Credit Solutions once you are approved for manual CLI and online CLI every 4 statements via luv button... GE and TJX are always SP for CLI.

Re: How soon should I apply for Navchek?

Anonymous — Thu, 29 Aug 2013 19:43:53 GMT

@fixmycred14 wrote:
@ sweettea How difficult is it to get the TJX rewards card? Yesterday, I was approved for the Nav NRewards $7K. This is my one and only card. I know I need at least one more card at some point.

I can't say how easy it is to get, but when I did get it, I only had my secured USAA card which only had a $500 limit at the time (6 months), the Von Maur card (7 months), and I also had just got approved for the NY&Co card a day before applying for TJX. I also have a discharged BK from Jan '09, but have student loans reporting paid on time since 1998 and a handful of accounts that were closed in good standing. There are 3-4 IIBs on my reports as well. With that kind of profile, it can't be too hard! lol!

I applied for the TJX card at the counter while checking out. I felt good that NY&Co had just gave me $250 the day before, and was happy that TJX approved me for $300 - about double of what I was buying that day. IIRC, I think they swiped my USAA card as a part of the in-store app as well. 6 months later, I am now at $1K limit on it.

Sorry, I do not know what my credit scores were at the time. Hope this helps!

Re: How soon should I apply for Navchek?

newstar87 — Thu, 29 Aug 2013 20:07:57 GMT

@Creditaddict: Did your partner apply for NavyChek with you as a coapplicant or just himself??

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 29 Aug 2013 20:13:40 GMT

@newstar87 wrote:
@Creditaddict: Did your partner apply for NavyChek with you as a coapplicant or just himself??

He holds the Navy Credit stuff on his own... I have my own Checking Savings and then we have our Joint Checking and Savings... so I actually got a hug from Navy that his NavCheck is attached to our joint checking and is listed on my credit report as a "Joint" account but it was very much done without me on the app!!!

I'm AU on the 2 credit cards

and have manager rights on the accounts (which doesn't work nearly as well as Amex!)

Re: How soon should I apply for Navchek?

Anonymous — Thu, 29 Aug 2013 20:18:16 GMT

creditaddict - How long had your partner been a member with Navy before applying for the Navchek? Since you said it had been over a year since supplying paystubs, that could be the difference maker. I have yet to read of anyone who is brand new to Navy and never supplied any kind of supporting income being given the Navchek instantly. Navy told me over the phone, they consider it a loan application and thus they ask for supporting income docs. I would say that I am really surprised that your partner got the instant - unless he did have income docs on file already. Please clarify because I do love knowing more and more about NFCU!

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 29 Aug 2013 20:29:06 GMT

@Anonymous wrote:
creditaddict - How long had your partner been a member with Navy before applying for the Navchek? Since you said it had been over a year since supplying paystubs, that could be the difference maker. I have yet to read of anyone who is brand new to Navy and never supplied any kind of supporting income being given the Navchek instantly. Navy told me over the phone, they consider it a loan application and thus they ask for supporting income docs. I would say that I am really surprised that your partner got the instant - unless he did have income docs on file already. Please clarify because I do love knowing more and more about NFCU!

it was instant approved BUT even if they don't need income (Which I agree if they have not seen income statements from you yet, they 99% probably will want them with NavCheck) but regardless what they want from you, if paystubs or not, it still is not active for you to use online and they don't send the checks UNTIL they send and you sign a physical application and mail it back... then it became active online... but he got instant approval online with no conditions.

he joined about 1.5-2 years ago I think.... he had his cashrewards open at $25k for one year when we requested to $35k which was approved after 2 days. he had to give paystubs back shortly after the credit card was open to satisfy condition of an auto refi.

The navcheck I think has been open...

Silly me, I have my credit report that I can look at!!!

Cashrewards open 1-2012 - that was about 1 month after he joined navy through me

actually the navchek is not on my tu... think it was about march or april that navcheck was opened

then in May/June he took $5k of the $35k cashrewards to open the Flagship because Navy said at the time the $35k was enough.

clearly with the recent increase on the Flagship Navy changes that quickly on internal limit (and very happy for that!)

Re: How soon should I apply for Navchek?

Anonymous — Thu, 29 Aug 2013 21:03:51 GMT

creditaddict - Thanks for the further clarification. Ok, so with the longer history with NFCU prior and the paystubs on file with the auto refi, I am speculating that was more likely the reason for the instant approval. Since OP is a new member, its more likely they will ask for supporting income docs. Either way, its good to know the experiences of others.

Keep us posted OP!

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 29 Aug 2013 21:31:45 GMT

@Anonymous wrote:
creditaddict - Thanks for the further clarification. Ok, so with the longer history with NFCU prior and the paystubs on file with the auto refi, I am speculating that was more likely the reason for the instant approval. Since OP is a new member, its more likely they will ask for supporting income docs. Either way, its good to know the experiences of others.

Keep us posted OP!

oh for sure, paystubs probably required but that doesn't chance the chances of a $15k approval unless op can't provide such paystubs

Re: How soon should I apply for Navchek?

CAnNY — Thu, 29 Aug 2013 23:04:02 GMT

It will definitely be another hard pull. Even if you get approved for $5000 cc is no guarantee, but YMMV. My other half was approved for a higher cc than me @ $6k and was denied for navcheck with scores in the 500 range. I was denied navcheck due to bk13 still showing, but I have about one month and I'm free. I still can't believe the cc limit and I was not given anything near that with better scores. Oh well.

Re: How soon should I apply for Navchek?

fixmycred14 — Thu, 19 Sep 2013 02:21:10 GMT

Thanks again for the TJX cc info. I shop at one of the 3 stores regularly and that card makes sense. I was there today but too scared to do the app. I think I need to wait. Interestingly, they offered the Mastercard app not the store card. I would rather that card anyway but we shall see...

Re: How soon should I apply for Navchek?

Creditaddict — Thu, 19 Sep 2013 02:30:15 GMT

TJX is backed by GE and pulls TU, they consider you for the MasterCard first then just store card if you don't qualify... 620+ is good enough.

Re: How soon should I apply for Navchek?

creditwatcher2012 — Thu, 19 Sep 2013 02:46:18 GMT

What is the "navcheck"

Re: How soon should I apply for Navchek?

improvingmycredit — Thu, 19 Sep 2013 02:55:19 GMT

I'm only responding to relay some personal experience with NFCU. A while back- while car shopping- I apped online for the auto financing. I recieved instant approval and the only think I had to provide was a signature. No proof of income or anything. I ended up declining the loan but the papers were in hand the next day with only thing requested was my signatures on documents. I assume that this will hold true if you have a long history and high FICO for the NavCheck also. Just my thoughts on the subject.