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NFCU GoRewards Pre-Qual Approved! $22k!

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Valued Contributor

NFCU GoRewards Pre-Qual Approved! $22k!

So after much deliberation and a few well timed "balance transfer" checks from Barclays, I'm finally in with NFCU's GoRewards card!

 

Instant approval online and I can finally get my higher interest personal loan payed off and utilize the 15 months zero interest with this card! After that, I'll probably move the money around and get lower interest with my DCU Platinum and Barclay Ring both around 8-8.25%!

 

Some background for those who care - I had/have a Prosper Personal Loan at about 17.8% interest. I transferred $10,000 from my DCU Platinum card to my checking account, and just received my Barclays balance transfer checks for my Ring card and wrote myself a check for $6700. As soon as I got home from depositing the check at the bank I applied for the Pre-Selected offer I've had for a couple weeks, put the necessary balance transfer information on the application and got an instant approval for $22,000 with APR at "Prime plus 6.24%"

 

Would I be wrong to assume that means Prime is 9.74% and add the 6.24% on top of that to get 15.98%?

 

All in all I'm pleased and have my first official Signature card from a bank!!

 

Overall total credit lines now up to $123,774 and 13% utilization

 

Credit scores at time of application: EQ 767 | EX 779 | TU 781    Income: $50,000

 

This is quite a weight off my shoulders as now I believe my overal credit profile fits my score and will continue positively in the foreseeable future!!

 

 

 

Again, this community is a HUGE asset to my success with my credit and I couldn't thank each and every one of you more!!

 


Starting Score: (June 2014) TU08: 663 | EQ04: 640 | EX08: 685
Current Score: TU08: 757 | EQ04/08: 757/758 | EX08: 761
Goal Score: 800 across the board

Total Credit Line - $186,050 | Utilization - 16.8%
12 REPLIES 12
Regular Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Congratulations

 

Thats a great SL.

 

I'm curious how you got the pre-selected offer? Was it in the mail or online?

Is it the same as a pre-approval?

Message 2 of 13
Valued Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Thank you! I appreciate it! I was impressed with the SL, I've seen higher, but I know my income isn't that significant so I'm not complaining!

My Pre-selected offer was online first - via email, then I got a mailer a week or two later.

Starting Score: (June 2014) TU08: 663 | EQ04: 640 | EX08: 685
Current Score: TU08: 757 | EQ04/08: 757/758 | EX08: 761
Goal Score: 800 across the board

Total Credit Line - $186,050 | Utilization - 16.8%
Message 3 of 13
Established Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!


@Tony275 wrote:

So after much deliberation and a few well timed "balance transfer" checks from Barclays, I'm finally in with NFCU's GoRewards card!

 

Instant approval online and I can finally get my higher interest personal loan payed off and utilize the 15 months zero interest with this card! After that, I'll probably move the money around and get lower interest with my DCU Platinum and Barclay Ring both around 8-8.25%!

 

Some background for those who care - I had/have a Prosper Personal Loan at about 17.8% interest. I transferred $10,000 from my DCU Platinum card to my checking account, and just received my Barclays balance transfer checks for my Ring card and wrote myself a check for $6700. As soon as I got home from depositing the check at the bank I applied for the Pre-Selected offer I've had for a couple weeks, put the necessary balance transfer information on the application and got an instant approval for $22,000 with APR at "Prime plus 6.24%"

 

Would I be wrong to assume that means Prime is 9.74% and add the 6.24% on top of that to get 15.98%?

 

All in all I'm pleased and have my first official Signature card from a bank!!

 

Overall total credit lines now up to $123,774 and 13% utilization

 

Credit scores at time of application: EQ 767 | EX 779 | TU 781    Income: $50,000

 

This is quite a weight off my shoulders as now I believe my overal credit profile fits my score and will continue positively in the foreseeable future!!

 

 

 

Again, this community is a HUGE asset to my success with my credit and I couldn't thank each and every one of you more!!

 


Tony - Prime is 3.50%, so your interest rate is 9.74% - CONGRATS on the awesome SL and rate!

 

Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til

Message 4 of 13
Established Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Nice, congrats!!!!

Mid 500's Spring 2014 As of 06/07/16 EQ-700^ TU-738^ EX-697v In the Garden 5/28/16! Goals 750 across the board end of 2016
AU:
Message 5 of 13
Valued Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Thanks everyone! That's great to hear that I have their top tier rates!!

Starting Score: (June 2014) TU08: 663 | EQ04: 640 | EX08: 685
Current Score: TU08: 757 | EQ04/08: 757/758 | EX08: 761
Goal Score: 800 across the board

Total Credit Line - $186,050 | Utilization - 16.8%
Message 6 of 13
Frequent Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Congrats on your approval! Smiley Happy

EQ Fico 8 - 807
TU Fico 8 - 804
EX Fico 8 - 781
As of 09/03/17
Message 7 of 13
Community Leader
Senior Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Very nice!

Message 8 of 13
Valued Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Congrats! Nice starting limit
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 9 of 13
Super Contributor

Re: NFCU GoRewards Pre-Qual Approved! $22k!

Congrats



EX08 658 EQ08 664 TU08 672 Total Credit Line: 63,550Utilization: 19.4%Inquiries: EQ8 EX11 TU11
Message 10 of 13
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