Looking for NFCU card #3

tbea1004 · ‎09-30-2018

Im thinking about seeing if I can get another NFCU card before I hit the garden for a while. Overall Util 38% and score around 640. I know 640 is kinda low but they approved my second card at 615 for 15K. Is the Platinum card a good card to get or is the cash card better? Already have the Flagship and Gorewards cards. Also would like to get a CLI for my Flagship to get it ot 25K.

Anonymous · ‎09-30-2018

Is there a specific reason you are wanting a 3rd NFCU CC?

tbea1004 · ‎09-30-2018

NFCU is very easy to get and will help with my UTIL in the long run. I am about to enter the garden once again and I think another NFCU card will look good with my collection. Better to have it and not need it than to need it and not have it.

Anonymous · ‎09-30-2018

That really depends on what your portfolio currently looks like and what your overall file currently looks like. While the score you mentioned weren’t bad, they don’t guarantee a great SL. If you got a smaller SL or even denied, that wouldn’t do any good for your portfolio. Perhaps if you include more data points: AAoA, AoOA, AoYA, Derogs, Installment Loan info, when you got your current NFCU CCs, Indicidual utilization’s as well as overall utilization. Additionally what kind of card for what kind of anticipated spend? With additional, you’ll get better, more helpful comments/recommendations.

rbentley · ‎09-30-2018

You don't say what your other cards are. I would recomend you diversify. You don't want to have all your credit eggs in one basket, so to speak. Your profile will be stronger with your credit spread out between multiple providers and that will give you some added protection in casse things go bad with Navy in the future. Just my two cents.

Anonymous · ‎09-30-2018

I am thinking about a third card too. I have had the Visa Cash Rewards for two years(5k), and I just was approved for the AMEX (20k). I am thinking of applying for the flagship in December ..do you mind sharing what your score looked like when you applied for it?

UncleB · ‎10-01-2018

@tbea1004 wrote:
Im thinking about seeing if I can get another NFCU card before I hit the garden for a while. Overall Util 38% and score around 640. I know 640 is kinda low but they approved my second card at 615 for 15K. Is the Platinum card a good card to get or is the cash card better? Already have the Flagship and Gorewards cards. Also would like to get a CLI for my Flagship to get it ot 25K.

I suspect their algorithm will be more concerned with your 38% utilization (I'm assuming that's overall?) than your 640. If you had that utilization with a stronger score you might be OK, but the two together I'm afraid would mean a toy limit if you're approved at all.

You might consider posting your question in the NFCU 'mega' thread to get more exposure: https://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional...