topic Re: NFCU Secured Card Question in General Credit Topics

NFCU Secured Card Question

ItsCASHual — Thu, 29 Jul 2021 01:35:27 GMT

Hello All,

I'm trying to assist a co-worker in getting 2 more cards. Question to those who have have Navy nRewards secured CC-- 1)Does it report as secured on CR? 2)Soft pull or hard pull to apply (or no pull at all if funds are already in NFCU savings)?

Thanks!

Re: NFCU Secured Card Question

Joobie — Thu, 29 Jul 2021 02:42:17 GMT

Hey, I have the card. It reports simply as a credit. Whether it's a secured card or not doesn't matter. It did leave a hard inquiry on my credit but it was only with one bureau & that was Transunion. Hopefully that answered your question.

Re: NFCU Secured Card Question

Anonymous — Sat, 11 Sep 2021 22:19:21 GMT

Hi. I don't have any CC at the moment and life is tough without it. And I cannot afford a secured credit card at the moment ....go figure. Anyway, I was hoping to save up for one in January .....do you need to have a decent income or anything to qualify for one? Does it matter if you have an old settlement on file or does the secured aspect of it make it moot?

Also are there any charges to get one? Annual fees or anything?

Re: NFCU Secured Card Question

FinStar — Sat, 11 Sep 2021 22:26:23 GMT

@Anonymous wrote:
Hi. I don't have any CC at the moment and life is tough without it. And I cannot afford a secured credit card at the moment ....go figure. Anyway, I was hoping to save up for one in January .....do you need to have a decent income or anything to qualify for one? Does it matter if you have an old settlement on file or does the secured aspect of it make it moot?

Also are there any charges to get one? Annual fees or anything?

@Anonymous

If these two topics still apply, specifically the recent one below (i.e. PenFed), it's unlikely NFCU will extend even a secured card. I'm sure others can opine on any alternatives, if anything.

https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Trying-to-settle-with-PenFed/td-p/6405399

https://ficoforums.myfico.com/t5/Bankruptcy/Should-I-settle-debts-or-Should-I-declare-BK-Advice-needed/m-p/6202794