NFCU CashRewards instant approval, then message saying review in process??

[Anonymous]

Hello all, 

Longtime lurker here, I've been working on improving credit and decided to join NFCU a week ago. I was about to open a secured NFCU card, but then thought why not just app for a CC- worst case scenario, I would be denied and directed back to secured. So I app'ed for the CashRewards this morning, and received instant approval of $3,200 at 16.99%(I know, not great apr.). About an hour or so later, I receieved an email from NFCU and when I checked the link to my CC confirmation, the message stated my CC approval was under 24 hour review. 

It's just odd to be instantly approved, and then sent for review.... right?

Could it be because I'm a new NFCU member? I only have an opening deposit amount of $250 currently in checking account, and direct deposit will hit on this Friday, so maybe they want to verify income? It's been about 5 hours since I app'ed, and no other emails, calls, texts about it. 

Any insight would be great. Thanks! 

[Pikaboo-icu]

Welcome to MyFico.. I'm still a newbie too. 

There are MANY people that know a LOT about NFCU, much more than I but that sounds like they're just verifying something with your ID etc..

When I joined, I only deposited $50. and applied for the Cash Back card immediately. It was instant approval so it wouldn't be your deposit or "newness".

I'm certain somebody with better data points/insight will be along shortly.

Congrats on joining NFCU!!  They are the BOMB! 

CHEERS

[Anonymous]

Something similiar happened to me. I was approved then I wasn't. It took about a week and a half and all was approved for the second time. It was an ordinary review process, I believe. I was also a new member at the time. I would give it a little time and then call if you still have questions. It was all worth the wait. NFCU is a great credit union, imho.

[Anonymous]

Oh, and welcome to the forum. A great place to learn and share!

[3se7ens]

Nothing to worry about, I joined in Sept., applied for a cc in Jan. and got an instant denial. I started a DP into my Share acct. and applied again in about a week ago and got an instant approval. So, you'll be fine.

[Anonymous]

**Update** I checked my account this morning, and the card information was there with the same limit. So I guess that is just part of the process. 

Woohoo! Thanks NFCU! My first unsecured card! 

[UncleB]

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The new thread can be found here:  http://ficoforums.myfico.com/t5/Credit-Card-Approvals/NFCU-CashRewards-Approval-with-not-so-great-cr...