NFCU internal scoring ?

[savings4tomorrow]

I have several accts with NFCU.  I am secondary on my three children’s accts, and me and my husband have an checking and savings.  It is not our main accts so there is almost zero to nothing in there most of the time. I do have a small direct deposit every two weeks that our girls allowance and I transfer it to them,

Now, I recently rec’d an invite to apply for a credit card, I pulled the trigger and to my surprise was approved for the cash back rewards card with a 9200 limit.     I am wanting to try for my husband as well since we are in the process of rebuilding, and he needs a card as well (his credit is better than mine right now).  My question for those that are more educated on NFCU algorithms for approval.  Does he have a better chance if he has his own direct deposit going into that account as well?  Or does it matter whose it is?

[lnacen]

Congrats on the approval. Navy likes DD for those with weaker credit profiles. So, yes it will help for him to have DD for at least 3 months on his own checking account before applying. What were your scores, are they similar to his?

[JoeRockhead]

It's an interesting question in regards to the DD being that it's a joint account. By my rationale, I would think he would equally benefit from your DD, but, I can't say that with any kind of confidence. Maybe someone else can.

I can say that I've had a good luck with NFCU in regards to a nice CC approval (with a lower SL than you got, with having better scores than you, and with a clean history) and two subsequent instantly approved CLI requests on that card over the following 12 months. In addition, I've had approvals on two different personal loans. All without any DD, and less than $1k between a checking and savings account.

Considering your approval, I'd say go for it... if you're that concerned about it, he could surely open a secured card.