This is my third credit card. I am really new to credit, with up until recently, only having my student loans (I’m only 20, still in college). Both my other cards (Discover it student and Deserve Edu) have CLs of $500, so I thought I’d try my chances with applying for a NFCU card since it’s my main bank and they’ve been really good to me.
To my surprise they approved me for a CL of $3400 for their cashRewards card! Although my APR is the highest it can be (18%) it’s still significantly lower than my other two. This will probably be the card I mainly use from now on since it has the best overall cash back out of all my cards, and I’ll be sure to stick with paying off my balances in full at the end of each month to continue to build good credit history.
Some information:
They did the HP on my TransUnion report.
While I don’t know my credit scores apart from the ones on credit karma which are apparently wildly inaccurate, I had 0 HPs on my TU report prior and had a credit utilization of 19% and paid off my balances in full each month.
My “navy federal credit score” that I was supplied in the letter that came with my credit card was 273 (range is low of 100 to high of 450).
Key factors affecting NF credit score:
Utilization of bankcard credit lines in last 12 months
Limited credit experience
Ratio of accounts opened in last 24 months to all accounts
Number of balance decreases on non-mortgage accounts in last 3 months
X1: $29,000 | NFCU MR: $25,000 | NFCU cR: $25,000 | NFCU Flagship $14,700 | Amazon Visa $12,000 | Gemini MC: 10,000 | PayPal CB MC $16,800 | Sofi MC: $7,000 | Venmo Card: $20,000 |
AmEx Gold: NPSL | AmEx Delta Blue: $5,200 | Apple Card: $4,500 | USAA PCR Visa: $12,000 | AmEx BCE: $1,000 | AmEx ED: $4,000 |
Discover it: $3,250 | Deserve Edu: $1,500 | Citi Custom Cash: $6,000 US Bank Altitude Go: $5,000
Total: $201,950
Store cards: Amazon Store Card: $5000
