Is NFCU Platinum my garden exit? - UPDATE

[kshurika]

As I mentioned in another post, I've been in the garden for over 2 years. During that time I've raised my CLs with no declines and minimal HPs. I just got my Amex BCP raised from 18K to 30K and I want to get my aggregate credit up, because I've been making some big purchases (all of them to my investment benefit). My CU is about to give me a debt consolidation loan that will wipe out the balances on three cards and drop my utilization.. I'm planning on making some strategic sales in December that will take a big chunk out of the loan.

I'm looking at NFCU Platinum. I think I could get a fairly decent SL and I like their 0% APR on BT's for a year, with no transfer fee.

I'd just like to hear random thoughts from forum members who are familiar with this card. Pros, cons and everything in between. Thanks.

[Anonymous]

If you are looking for a balance transfer card it is not impossible to beat but it is tough to beat. Keep in mind that NFCU will pay transfers with a physical check not an electronic transfer so allow time for that.

[VPExecutive]

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@Anonymous wrote:

If you are looking for a balance transfer card it is not impossible to beat but it is tough to beat. Keep in mind that NFCU will pay transfers with a physical check not an electronic transfer so allow time for that.

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Not true. I've done balance transfers with Navy before, and most payments to other accounts occur way faster than if they were to draft up a check, mail it, and allow time for it to clear and post to the other account. 

[Anonymous]

And when the BT promo runs out, free transfers @ 7.99% could come in very handy if ever needed.

Mine just came in the mail today. Instant approval last week for $25k with stats in my sig.

[AverageJoesCredit]

My experience with Navy bts is they are not instsnt when transferring from other lenders. Its not a long wait but not like if i got direct deposit from Boa or Citi. Only thing ill add though Op may be confident in maybe getting a super high Navy limit like 25k, dont count your chickens until they're hatched

[Anonymous]

Yup... I was expecting decent SL's. Then got smacked in the face with $500 plat and a $500 cloc. Decemeber will be 6 months and I will try for a new card and see if they show luv. But not counting on it. Lol

[SouthJamaica]

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@kshurika wrote:
As I mentioned in another post, I've been in the garden for over 2 years. During that time I've raised my CLs with no declines and minimal HPs. I just got my Amex BCP raised from 18K to 30K and I want to get my aggregate credit up, because I've been making some big purchases (all of them to my investment benefit). My CU is about to give me a debt consolidation loan that will wipe out the balances on three cards and drop my utilization.. I'm planning on making some strategic sales in December that will take a big chunk out of the loan.

I'm looking at NFCU Platinum. I think I could get a fairly decent SL and I like their 0% APR on BT's for a year, with no transfer fee.

I'd just like to hear random thoughts from forum members who are familiar with this card. Pros, cons and everything in between. Thanks.

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I have it, and I love it, if you like low interest, no cash advance fee, and no balance transfer fee. You can even do cash advances online. As versatile as versatile gets.

[kshurika]

I think that, perhaps, I won't wait until next week to drive up to see the good folks at NFCU.

You all gave me exactly what I wanted. Thanks for your help.

[Anonymous]

I am very pleased with my NFCU Platinum which I used for BT all my other cards with balances.  NO fees with a 15k SL and zero interest for 12 months will clear out the few cards that were killing me with interest.  All five of my transfers were within a few days so I am inclined to think this was all ACH and not paper checks mailed even though they say that's what will happen.  

[Rebuilding69]

I remember awhile back I did a BT from I think Cap1 to my Plat, and it only took a couple days.