Navy Federal Secured Card?

[Anonymous]

As far as what jkt1975 says about the secure msg to them, well, i don't think that'd work. Especially if they're saying it's all an automatic process

[Kennie02]

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@Anonymous wrote:

I recently began working on my credit. I have signed up for a Wells Fargo Secured Card (500 CL) and a Capital One Secured Card (200 CL). I signed up for the Capital One before I knew it never graduates (Doh!) My brother will also be adding me as an AU on a Quicksilver card with a $6K CL and 3 years of perfect payment history. (I'm hoping this will provide a nice bump for my scores)

i have 3 questions. 

1. Should I sign up for the Navy Federal Secured Card? I've had the NFCUaccount for about a month. I'm considering a $1K limit since it seems like this card graduates like clockwork if you treat it right. 

2. I was told they do not use a hard pull to open up the Secured Card by a woman in the Loans Dept at NFCU. Is this correct? It seems suspect to me since they're know for hard pulling for everything. 

3. When the card unsecures, I understand it's possible to have it PC'd to a different product. I wouldn't want an nRewards in the long run and would likely PC it. Do they generally allow you to PC to anything? Or do they require a hard pull and approval for that too?

thanks so much! New to all this and trying my best to make the right choices. 

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NFCU secured card is the best rebuilder card available! I opened that card in 06/2013 w/ $1000 limit and also the USAA secured with a $1000 limit. My card graduated on the 13th statement. I PC'd the card to the cashRewards soon after. I waited a bit before requesting a CLI. The first CLI was to $3500. I requested another to $7500 or so... No HP for the CLI or PC. Finally it is at $10k with an auto cli. My scores have risen significantly since I opened it. I did get a HP on Equifax for that card. They won't make two HP on the same CR if it has been less than 30 days. For example, I recently opened a NavCheck and was looking into getting my car refinanced through them. I only got one HP on equifax. 

I know that some have said they haven't graduated yet. I know they like to see use but also that you are keeping that util low. I know that I had been PIF for the last 4-6 statements before it graduated. I also added some larger credit lines during that time. My util was less than 5% when it graduated. 

Meanwhile that USAA didn't graduate and I closed it and got my $1000 + $10 interest back....