topic Re: nfcu approved me!! in Credit Cards

nfcu approved me!!

treschic — Wed, 18 Jun 2008 22:56:17 GMT

nfcu approved me for a mc!!!! yaaahhh. CL of $2k-my highest ever (which i know is sad, but i'm still excited). i just applied for the visa. so, hopefully i'll have some good news from that as well. i was shocked when i saw approved, i had tocall to be sure. i'm just so happy right now.

Re: nfcu approved me!!

wahmom — Wed, 18 Jun 2008 23:06:29 GMT

Congratulations!!!!!! Can you tell me what was your EQ score when you applied?

Re: nfcu approved me!!

treschic — Wed, 18 Jun 2008 23:11:57 GMT

well, my eq was frozen, so they checked my tu which was 595

Re: nfcu approved me!!

Anonymous — Wed, 18 Jun 2008 23:17:05 GMT

Super Congrats angie!!!!!

A $2,000 limit on a Mastercard is a very nice way

to get started with NFCU. Now that you have one card,

your Visa app should go thru with no problem.

At the end of last month I was also approved for the nRewards

Visa & Mastercard with a 2k limit on each card.....first the Visa,

then the MC a week later. I told them that it's a good idea to have

a 2nd card as a reserve and they approved me for the MC no

questions asked.

We can request credit limit increases every 6 months and they are

considered soft inquiries...not hard. I know this because I called and

asked NFCU Credit Card Services right after I activated my cards.

So take good care of your cards and NFCU will take really good care of you.

Once again, Congratulations on the new NFCU Mastercard!

CanDo

"The right attitude is everything"

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 00:57:03 GMT

That's wonderful news! Congratulations!!!

Re: nfcu approved me!!

iamrayl — Thu, 19 Jun 2008 02:02:57 GMT

Congrats angiepharm. I had one question. Do you have to have other accounts with nfcu in order to get approved for one of their cards?

Re: nfcu approved me!!

fishbjc — Thu, 19 Jun 2008 02:14:53 GMT

You have to apply to NFCU for membership....i.e. retired Navy., etc.

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 13:56:36 GMT

Congratulations, Angie!

My question is, why does everyone want to get 2 cards? It's my thinking that if you have one and build it to a good CL, then why the need for 2? It seems to be the consensus of most on this board that the more credit cards you have, the better. I have a few now and I don't even intend to use them all. I just want to use the 2% cash rewards to make some money and PIF each month. Doesn't having lots of CC's with high CLs put you back at risk for getting in the same situation that originally brought us all here? I'm off topic now, but I keep reading "get 2" and I don't understand the "why" of it.

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 15:13:31 GMT

@iamrayl wrote:
Congrats angiepharm. I had one question. Do you have to have other accounts with nfcu in order to get approved for one of their cards?

You have to deposit a minimum of $5 into a NFCU savings account to qualify for membership also. But aside from that, no.

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 17:24:16 GMT

kball64 wrote:

Congratulations, Angie!

My question is, why does everyone want to get 2 cards? It's my thinking that if you have one and build it to a good CL, then why the need for 2? It seems to be the consensus of most on this board that the more credit cards you have, the better. I have a few now and I don't even intend to use them all. I just want to use the 2% cash rewards to make some money and PIF each month. Doesn't having lots of CC's with high CLs put you back at risk for getting in the same situation that originally brought us all here? I'm off topic now, but I keep reading "get 2" and I don't understand the "why" of it.

It's always nice to have a backup. I mean, do you wait until you're on the last roll of TP before you buy more? If you only have one CC and it gets lost or stolen, what happens then? If you get ratejacked by that one company, isn't it nice to have another card just in case?

Not to mention, having more available credit is favorable for those times when you might actually need to carry a balance. The score impact of avail credit and the ability to show restraint with managing your credit across multiple lines are also important factors.

I have 12, is that too many? Yeah, probably. But with 4 store cards for store rewards and 8 majors, I can play around to find the best 'deal' with respect to rewards on each card. (On a side note, I have 6 cards that don't get used except to keep them active.) In reality, I use two cards the most (BofA Amex and Disc More), but I keep a MC handy for when I go somewhere that doesn't accept Amex or Disc.

Just my 2 pennies

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 17:25:12 GMT

agree with ya whirled!

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 17:35:36 GMT

WhirledPeasPlease wrote:

kball64 wrote:

Congratulations, Angie!

My question is, why does everyone want to get 2 cards? It's my thinking that if you have one and build it to a good CL, then why the need for 2? It seems to be the consensus of most on this board that the more credit cards you have, the better. I have a few now and I don't even intend to use them all. I just want to use the 2% cash rewards to make some money and PIF each month. Doesn't having lots of CC's with high CLs put you back at risk for getting in the same situation that originally brought us all here? I'm off topic now, but I keep reading "get 2" and I don't understand the "why" of it.

It's always nice to have a backup. I mean, do you wait until you're on the last roll of TP before you buy more? If you only have one CC and it gets lost or stolen, what happens then? If you get ratejacked by that one company, isn't it nice to have another card just in case?

Not to mention, having more available credit is favorable for those times when you might actually need to carry a balance. The score impact of avail credit and the ability to show restraint with managing your credit across multiple lines are also important factors.

I have 12, is that too many? Yeah, probably. But with 4 store cards for store rewards and 8 majors, I can play around to find the best 'deal' with respect to rewards on each card. (On a side note, I have 6 cards that don't get used except to keep them active.) In reality, I use two cards the most (BofA Amex and Disc More), but I keep a MC handy for when I go somewhere that doesn't accept Amex or Disc.

Just my 2 pennies

Well said! I completely agree.

Re: nfcu approved me!!

Anonymous — Thu, 19 Jun 2008 17:45:10 GMT

I understand completely what you're saying. I just wanted to make sure I wasn't missing something here. My BF wonders why I keep getting cards and I tell him that I read it here and they will help my socre. He doesn't get it and I have trouble explaining my reasoning to him. He has one card that he uses for everything and PIFs each month. It's a Citibank rewards with a CL of 10k and his scores all 800 across the board. He keeps asking me why I need more cards and suggests to use the ones I have wisely and my scores will increase. It's so easy for me to get the "app bug" when reading others' posts. I have to draw the line somewhere but when I read the posts and see the lists of everyone's cards, I can't help but get the feeling that there is something that I'm missing or perhaps something I'm doing wrong. I guess it all boils down to personal choices.

Again, thanks for the explanation!

Re: nfcu approved me!!

haulingthescoreup — Thu, 19 Jun 2008 22:41:33 GMT

I'm entering the pruning phase of my gardening. I'm getting worn out trying to keep up with using them all, juggling rewards, etc. I've gotten a feel for which are keepers and which can go.

I admire your BF, and his scores do prove his point, but I think that three is better than one. A little redundancy in life is nice.

Many of the people here with a zillion cards are in transition from rebuilder cards to keeper cards. Some of the high card count is due to over-enthusiasm, but a lot is due to the upgrade process.

I have five cards on death row (shhh, they don't know), each with its own scheduled execution date. That will get me down to a more manageable number, although still many more than your BF.