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NFCU NRewards and 6 month secured loan! Time to garden up!

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Regular Contributor

NFCU NRewards and 6 month secured loan! Time to garden up!

Hey all!

I applied for a NFCU cash rewards a couple weeks ago and unfortunately no dice. I even tried to recon and no luck. I was on the fence with contuining to build my credit for 6-8 months and try again but wanted to build my relationship with NFCU so bad (Just started my membership end of December). My final card before gardening had to be an NFCU card, secured or not!

 

I set up a $500 secured loan, no pull on credit but will report.

Also applied for the NRewards and approved $500 w/ $500 locked from my savings.

 

My plan is to pay off the 6 month installment to show NFCU good faith, and keep my secured card under 20% UTI for 13 months hopefully graduating. 

 

By month 13 I should have my bad debts paid off and will definitely be aiming for a CLOC and a NFCU Cash / Go Rewards as my credit should be a lot better.

 

I've heard great things about NFCU and I'm glad to add the pretty blue NRewards card Smiley Happy

July 17' - Scores 480s across the board
Fico Scores
Jan 18' - Exp 542 Eq 532 Trans 540
18' - Exp 642 Eq 649 Trans 660

Bank Cards - NFCU Cash Rewards $10k, NFCU Platinum $2000, NFCU MR $1000, Amex Delta Gold $1000, Discover IT $1000, Cap1 QS1 $300, Credit One $550, Primor Secured $250
Store Cards - Ikea Project $5500, Lowes $5000, Amazon Prime $5000, Fingerhut $1400, Jcrew $1020 - Other Comenity Cards $1400

Currently under contract for my first mortgage!
Message 1 of 6
5 REPLIES 5
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Established Contributor

Re: NFCU NRewards and 6 month secured loan! Time to garden up!

I like it! Glad you have some realistic expectations that this can take time.

 

Robot Very Happy


Message 2 of 6
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Valued Contributor

Re: NFCU NRewards and 6 month secured loan! Time to garden up!

It’s great when people have a strategy and plan. Major kudos!


Beginning Journey April 2017 – FICO 8

Current Scores May 2018 – FICO 8

Started this credit game with $8400 TCL in 04/17 now I'm at $150K+.
Message 3 of 6
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Established Contributor

Re: NFCU NRewards and 6 month secured loan! Time to garden up!

Congrats!  Good strategy worked out to.  Take care of Navy and believe me they will take care of you!  Welcome to Navy Federal. 

 

EQ 669, TU 679, EX 679. Navy Signature Go Rewards 15K, Navy Signature Cash Rewards 16K, Navy AX Rewards 14.4K, Navy CLOC 15K, Navy Mortgage 120K, Navy ATV Loan 14,990K, FLCU Auto 48.7K, FLCU Visa 7.5K, FLCU Visa 1K, AFCU 5K, AFCU Line of Credit 4K, John Deere 15K, Suncoast TB Rays Cash Rewards 6K, Cap1 QS 5K, USAA Rate Advantage 5K, USAA AX Card 9K, State Farm Rewards 2.5K, Paypal Credit 2.8K, Cabela's 2K, Chevron & Texaco Visa 6K, BMO Harris Bank 1.5K, BOA Bass Pro 1.5K, 5/3 Stand up to cancer 4.5K, 5/3 Truly Simple 4K, 5/3 Trio 4K, Amazon Store Card 5K, Lowes 17K, TBFCU 5K, BBT Spectrum 4.5K, BBT Bright 3.5K, BBT Bright 4.5K, Banco Do Brasil Americas 4.2K, Kays Jewerly 2K, AX Green Charge, AX Delta Gold 1K, Morgan Auto Group 1.6K, Kohls 700.
Message 4 of 6
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Community Leader
Super Contributor

Re: NFCU NRewards and 6 month secured loan! Time to garden up!

Sounds like a great plan! You're doing it right, and Navy likes history, so treat them well, and you'll be rewarded done the road! They are awesome!

My rebuild worked for me, but won't necessarily work for you!
BK7 D/C- 08/2013
Message 5 of 6
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Valued Contributor

Re: NFCU NRewards and 6 month secured loan! Time to garden up!

Congratulations on your approvals!! Sounds like you have a solid plan to stick to. Navy will grow with you as your old problems get older
State Farm Rewards (3,000) ~ Marvel MC (8,000) ~ PenFed Power Cash (10,000) ~ PenFed Promise (1,000) ~ PenFed OLOC (500) ~ Discover ($1,100) ~ Citi DC (2,200) ~ NFCU cashRewards (6,200) ~ NFCU Platinum (2,700) ~ NFCU CLOC (15,000) ~ Venture (10,300) ~ DCU Visa (5,000) ~ Chase Freedom (3,000) ~ Amex Hilton Honors (5,000) ~ Amex SPG (1,000) ~ Amex BCE (1,000) ~ Care Credit (15,000)
Current Scores (6/6/18): 697 Transunion, 659 Equifax, 674 Experian
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