@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Excited for you - let us know. Just remember the CSR's / Bank personnel are often wrong so take much of their info with a grain of salt! IMO Navy Fed loves people in the 650 to 700 range with lots of cards. I see so many large SL's on 6xx scores on the credit pulls database....That does seem to fit me - FICO scores of 662 to 697, 10 active cards. I wonder if it might help to tell them that I'm looking for lower-APR cards that I can use anywhere to replace a high-APR card that I can only use in one place? I assume they review apps manually like other credit unions, so...?
In my experience only pending apps or CLIs have gone to manual....have a feeling youd get an instant approval. If you get instant you can recon for a higher line/lower APR with the points you mentioned via secure message in the app
@Callesun Yes, you do see alot of ppl with 650 to 700 range get large SL's. What you don't see in most cases is that they may have really low DTI, really high income, or a clean profile, maybe all of the above. Navy is amazing, but you should never base your success with a lender on others as every profile/situation is different. The CPDB is fun for checking who they pull in a certain state, but its really really outdated now. Most of the approvals are from 2016 or older sadly. The game has cahnged alot since a year ago, let alone 2016.
I really have to agree with that last part; I've never found that database to be of any real use, because I have never been able to find any significant information for any of the cards I'm interested in in my state (Virginia). And given that it's not regularly updated, it's becoming, frankly, more and more useless except possibly for seeing who pulls what in a given state - but even that can and does change.
Anyway, I'm feeling pretty nervous this morning with a mild case of cold feet. I'm bouncing back and forth on whether to apply for cashRewards, or just go for the Platinum and hope to PC it later on. My DTI (calculating from gross monthly income) is 19%, which is pretty decent (well below the 43% maximum advised by CFPB), I'm 4+ years past BK filing, and while my income as a Federal government employee is a good deal more modest than what I suspect many other MF regulars make, I recently applied for a merit promotion and if I get it it'll open the way for me to get up to 3 grades higher on the General Schedule. Soooooooo....
No need to fret over which card to get. There are people on here who have done a PC before they even get the first statement (seriously) - it's that easy with NFCU. As long as you don't apply for the Flagship the underwriting is identical (thus how you can freely change from one to another). The only card you can't freely PC to (or from) is the Amex.
In a nut-shell, if you want the absolute lowest APR, go with the Platinum. On the other hand, if you will be able to easily spend $1000 in the next 90 days, you might consider going with the Cash Rewards for the $100 bonus. You can always PC it to a Platinum for a lower APR once you collect the sign up bonus.
Also note that you can request a lower APR once your account is a year old. When my Platinum was a year old, I sent them a secure message and they lowered my rate by 1% (I admit I was hoping for better). The next year I sent them another request, this time they reduced my rate to the lowest available for the Platinum, currently 7.74%.
Good luck whatever you decide! 
@UncleB wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Excited for you - let us know. Just remember the CSR's / Bank personnel are often wrong so take much of their info with a grain of salt! IMO Navy Fed loves people in the 650 to 700 range with lots of cards. I see so many large SL's on 6xx scores on the credit pulls database....That does seem to fit me - FICO scores of 662 to 697, 10 active cards. I wonder if it might help to tell them that I'm looking for lower-APR cards that I can use anywhere to replace a high-APR card that I can only use in one place? I assume they review apps manually like other credit unions, so...?
In my experience only pending apps or CLIs have gone to manual....have a feeling youd get an instant approval. If you get instant you can recon for a higher line/lower APR with the points you mentioned via secure message in the app
@Callesun Yes, you do see alot of ppl with 650 to 700 range get large SL's. What you don't see in most cases is that they may have really low DTI, really high income, or a clean profile, maybe all of the above. Navy is amazing, but you should never base your success with a lender on others as every profile/situation is different. The CPDB is fun for checking who they pull in a certain state, but its really really outdated now. Most of the approvals are from 2016 or older sadly. The game has cahnged alot since a year ago, let alone 2016.
I really have to agree with that last part; I've never found that database to be of any real use, because I have never been able to find any significant information for any of the cards I'm interested in in my state (Virginia). And given that it's not regularly updated, it's becoming, frankly, more and more useless except possibly for seeing who pulls what in a given state - but even that can and does change.
Anyway, I'm feeling pretty nervous this morning with a mild case of cold feet. I'm bouncing back and forth on whether to apply for cashRewards, or just go for the Platinum and hope to PC it later on. My DTI (calculating from gross monthly income) is 19%, which is pretty decent (well below the 43% maximum advised by CFPB), I'm 4+ years past BK filing, and while my income as a Federal government employee is a good deal more modest than what I suspect many other MF regulars make, I recently applied for a merit promotion and if I get it it'll open the way for me to get up to 3 grades higher on the General Schedule. Soooooooo....
No need to fret over which card to get. There are people on here who have done a PC before they even get the first statement (seriously) - it's that easy with NFCU. As long as you don't apply for the Flagship the underwriting is identical (thus how you can freely change from one to another). The only card you can't freely PC to (or from) is the Amex.
In a nut-shell, if you want the absolute lowest APR, go with the Platinum. On the other hand, if you will be able to easily spend $1000 in the next 90 days, you might consider going with the Cash Rewards for the $100 bonus. You can always PC it to a Platinum for a lower APR once you collect the sign up bonus.
Also note that you can request a lower APR once your account is a year old. When my Platinum was a year old, I sent them a secure message and they lowered my rate by 1% (I admit I was hoping for better). The next year I sent them another request, this time they reduced my rate to the lowest available for the Platinum, currently 7.74%.
Good luck whatever you decide!
Makes me feel better! Actually, I don't think I'll go for the Flagship; I'm not interested in an annual-fee card (well, I do pay for Amazon Prime, but that's not a card annual fee as such; I think the only real annual fee I pay is for Club O on the Overstock store card). So my want list looks like cashRewards, Platinum and More Rewards, in that order. Let's see...if I put all my grocery spend (which is usually cash) on the cashRewards, plus some other stuff (like upcoming property tax on my car, $200 or so), I should be able to swing $1000 on that card from September to the end of November and get the SUB. If I get a decent APR (and I'll keep that bit about applying for lower APR's later on in mind), I may not even need to "gear down" to Platinum...we'll see what we'll see.
My Cash Rewards card is now 105 days old and I'm anxiously counting down the days to the next AR so I can apply for a CLI. To kill the time I've spend several hours searching for mentions of the actual date when Navy performed an Account Review based on Equifax credit reports. For those curious I used the Google search term:
site:ficoforums.myfico.com nfcu OR "navy federal" +cli "ar" OR "account review"
This turned up several pages of hits that I've read and was able to compile the following datapoints:
The pattern I noticed is that Navy does Account Reviews pulls from Equifax on the fourth Tuesday of even-numbered months then updates member accounts with EQ FICO 9 scores during the first week of the following (odd-numbered) month. Would someone who is a long-standing NFCU member with access to their EQ credit reports be able to confirm this observation?
Finally, to test my hypothesis I applied for a CLI this morning (I know, I know I should wait for the AR to be announced but its already been 105 days ) and got the 24-hour notice. I'm assuming that its because even if Navy pulled the AR data from EQ on 8/28, it hasn't yet been updated in their systems.
@Anonymous wrote:Finally, to test my hypothesis I applied for a CLI this morning (I know, I know I should wait for the AR to be announced but its already been 105 days
Could be, but remember that an AR isn't a guarantee of not getting a HP, it only increases the chances of it not happening.
The only time I've ever requested a CLI from NFCU was a week after an AR, and it was still a HP. 
(It was worth it, though.) 