Background: ignored my credit for years, decided this year to take control of my finances. Pulled credit on 1-5, ex 498, eq 505, tu unable to report. No active credit lines. Defaulted student loan that turned into 6 neg tradelines all with balances owed, a couple of older misc collections, and an unpaid judgement. Not good.
Opened a secured card through usaa, joined nfcu and took a share secured loan and immediately paid to 8%.
I offered a pfd on a collection and had it removed.
Scores went to ex584 eq 611 tu 634 as of last week
Was going to wait a while before apping for anything but cap 1 prequal site suggested i would be approved for quicksilver1 so i apped and approved sl of $300
Next i was going to wait for a few months and apply for the nfcu cash rewards, but after reading some of the approvals people were getting i decided to go for it.
Instant approval sl $2900, i couldnt beleive it. So I immediately sm reconned asking for $5k, denied. I am very pleased and still in disbelief they would approve me with those unpaid negative accounts.
Not sure what to do next, 2nd nfcu card in a few months?
Congrats! All I can say is that Nfcu is awesome! I have the cash rewards & the Cloc but for the life of me I am unable to get a second card with them. I'm going to wait few more months before trying again for a second card.
I got NFCU 6500 limit at 580 fico score. My Fico score went up to to 600 an applied for CLOC and was denied. Said something about lack of income. I make 135k so not sure what that is about as I also have zero debt. Anyway they seem to have some internal rating as their scale goes to 950. I also have a Cap One card.
I got Pottery Barn, JCrew and Express through shopping card trick, Kohls , Lend up L card Visa as well as Bank of America 99/500 rewards so I am sure you could get them as well. Turned down for Penfed.
Congrats on the approvals. Have both Cap 1 and NFCU and am enjoying both!
As for Cap 1 QS1, use the card and try for an increase in about 3 months. Ask if there are any upgrade offers on your account. They may be able to PC it to a regular QS without an annual fee. I was able to PC mine in 3 months. Others it takes longer. Also, you are probably enrolled in Credit Steps and should receive an increase at the 6 month mark. The increase (if you receive one) that you received at the 3 month mark should not affect the Credit Steps increase at 6 months. Good luck
Also, NFCU is awesome. You can grow that credit limit very well.