topic Re: NFCU Questions CLI in Credit Cards

NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 01:34:49 GMT

Hello forum
I have a few Questions regarding NFCU goRewards I applied and was approved CL $ 1000 my score at the time 578 EQ I've used the card a lot just showing it's usage and payments often just to keep balance 10% at least charged 600 but paid 500 only leaving $100 balance My question is , my score gone up to 650 with in then in a months time would it good to request a CL increase for this card ?

My second Question :
Due to my short Credit history 3yrs
10 months with EQ and no history now on TU/EX I added myself As an AU to friend chase freedom CC excellent credit 7yrs history CL 15k balance now $1500 would this anyway help and how soon they report in my credit ? My friends willing without a second though to add me to his account . I opened a checking with Chase as we'll ..

Third: I was approved for a NFCU $500 LOC last week only with agreement direct deposit I declined but the nice rep understood regarding me turning it down because it does not make sense for me to change my direct deposit to there bank when there is no bank a100 miles away . And the rep " great service BTW gave me an excellent alternative he knew what I was doing regarding 2 CC a Loan was to deposit min 250 into there ETA ? account it's like a loan you pay $20 a month pays interest 2% if I recall have to do more research but most important about it ,they report that account to all three agencies . So I said great I'll do it

And last : my most concern is
I have now 4 inquires 3 from NFCU and one back in sept last yr. 0 inquires EX / 1 TU When I joined with NFCU. I want to apply for the flagship and request NFCU to PC my GO rewards . I don't like the interest 17% would that he wise ?
I'm learning what's best in my situation ?
Again in advance thanks for help or advise if possible....

Re: NFCU Questions CLI

leegreen — Tue, 05 Aug 2014 01:49:47 GMT

When did you open your Go Rewards?
Why do you want the flagship?
Do you have any other cc's under your name?

Re: NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 02:00:12 GMT

hi thanks for your response i just opened the go rewards July 18th when my score was 578 recon but my score climb to 650, and i applied for cash rewards and approved for $5k just recieved today, i only had a Cap1 card 3 yrs 10 months, very low CL Cap! closed that card by misstake Crap.but keeped the TL open on EQ as good standings, never missed a payment,

Why flagship,hoping to lower my interest rate or CL up higher, Ive heard others rise there score less than a month having the score,I wanted to have a good CL with them because my intensions is to go through them to for a purchase home loan,, again i don't want a bunch of CC just working to estalish credit and best way getting lower interest rates as well

thanks for your response again

Re: NFCU Questions CLI

leegreen — Tue, 05 Aug 2014 03:22:47 GMT

I wouldn't go for the flagship. The casgRewards is a better cars at all points up to having spending over 10000 a year. It won't come with a lower rate, you need the platinum or nRewards for that. You can PC your go Rewards to any product you want through secured chat. As far as the CLI goes I think they might grant you one on the goRewards but you will probably take an inquiry to do it. Always ask for 25000 limit when you do it as they will counter you what they are comfortable. If you get the 3-5 day message then they are pulling your credit but you might log back on to see your CL changed in as little as 10 minutes up to an hour. Keep us posted.

Re: NFCU Questions CLI

leegreen — Tue, 05 Aug 2014 03:24:42 GMT

Oh and most of the time they give you a higher limit on one card they are comfortable taking your other card to the exact same limit.YMMV

Re: NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 03:27:46 GMT

Ok good advise thanks leegreen

Re: NFCU Questions CLI

leegreen — Tue, 05 Aug 2014 03:29:02 GMT

Sorry about the multi posts, I am on mobile. The AU account can't hurt but if you don't live at the same address with your friend it will not help you with a FICO08 scoring model, NFCU and the mortgage industry however use 04 models and the account will help you on those.

Re: NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 03:40:34 GMT

Oh I see so it's not a good idea to be added unless same address which where not but will help obtaining more credit history on my report to help build up for other CC if I apply like Amex delta Skymiles that I mostly I wanted to add to my CC because only travel delta lol .

Re: NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 03:43:40 GMT

And I also notice NFCU pulled my EQ score not Fico score ? Is that how they pull not fico ?
It's the same score I have on Equifax website scoring ..

Re: NFCU Questions CLI

leegreen — Tue, 05 Aug 2014 03:51:14 GMT

That's coincidental the pull your EQ classic 04 FICO typically. Also if your report is clean the two active cc accounts with two installment loans is all you need for healthy scores. If your report isn't clean either focus on getting it clean or add enough active positive TLs to prove you learned your lesson. NFCU seems to want 680s in the mortgage department. At least they did when I bought.

Re: NFCU Questions CLI

NY2014 — Tue, 05 Aug 2014 04:05:02 GMT

Great !!! Really great again advise and knowledge I honestly needed this answer to choose wisely getting my credit in order within the next six months I'm planned apply for a home loan
So I will take this advise keep my Balances
down down all keeping it at below 10/20 %
Thank again
Apology with all questions
Thank you very much