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NFCU nRewards Secured - Update: Approved

Contributor

NFCU nRewards Secured - Update: Approved

Since my wife is an AU on my Discover I had discussed her getting a card and had her apply for the nRewards Secured card while talking to the new member rep on the phone.  We had $500 transferred to her savings and had the application submitted.  The lady on the phone (very nice by the way) said that it's now in pending status which she said was normal and that we should have an answer back in a few hours. 

 

She was turned down for one of the unsecured cards which is understandable.  We are 3 months post DC from our BK7 and are just looking to rebuild our credit with good financial institutions.  We started with Discover and have heard very good things about NFCU so we want to establish a relationship with them.

 

Would there be any reason she could be turned down?  Income is good, DTI is good.  We are hoping with responsible use we can get it unsecured in 5-6 months and apply for one of their unsecured cards.

 

Mod note:  I've updated your subject to reflect your approval; feel free to change/edit if you would like.  --UB

Message 1 of 9
8 REPLIES
Regular Contributor

Re: NFCU nRewards Secured

I was approved four months post discharge so I don’t see why she wouldn’t be. I was unsecured at the five month mark with a credit limit increase. I’m too chicken to app for a new card just yet. I feel like NFCU is being so good to me and I don’t want to ruin it.

 

i think one thing that helped me is the amount of charges I put on it but I pay it off weekly.  I don’t let more than my $7.99 Hulu charge post as a balance at the end of the statement cycle. 

 

Check your our savings account and if the $500 is ‘hidden’ then that’s a good indication that she’s approved. 

Starting Scores: Experian: 498 Equifax: 521 Transunion: 514
BK Filed: 06/19/17 - BK Discharged: 09/28/17
Current Score: Experian: 632 Equifax: 627 Transunion: 634
07/4/18

NFCU nRewards = $2,000 (unsecured at month 5); Capital One $1,000; Victoria Secret - $470; New York & Co - $800; Children's Place - $600.
Message 2 of 9
Contributor

Re: NFCU nRewards Secured

Thank you!  Status still shows Review in Process.

 

Our plan for this card is to put our natural gas bill autopay on it, plus use it for gas for both vehicles and pay it off every month.  We've been doing this with our Discover card for all of our other recurring payments and it's made managing our budget a heck of a lot easier.  Our natural gas company doesn't take Discover however.

Message 3 of 9
Regular Contributor

Re: NFCU nRewards Secured

Not sure of the current reason. Just wait the 91/3 on the secured card and app for a second card. They'll hook you up big time as long as you've been treating the card good. I got the secured card with a 550ish score. Apped 4 months later when my Fico9 was 609ish and they gave me 10k. Navy rocks.

July 17' - Scores 480s across the board
Fico Scores
Jan 18' - Exp 542 Eq 532 Trans 540
July 18' - Exp 654 Eq 637 Trans 653

Bank Cards - NFCU Cash Rewards $10k, NFCU Platinum $2000, Amex Delta Gold $1000, Discover IT $500, Cap1 QS1 $300, Credit One $550, Primor Secured $250
Store Cards - Amazon Prime $1300, Fingerhut $1400, Comenity Cards $1150

Officially gardening.. well.. trying hard to lol
Message 4 of 9
Contributor

Re: NFCU nRewards Secured

Still in Review in Process status.  Smiley Sad

 

The lady at NFCU said this should only take a couple of hours and that was over 6 hours ago.  Is this a bad sign? 

Message 5 of 9
Contributor

Re: NFCU nRewards Secured

Sometime overnight it was approved! Thanks everyone!
Message 6 of 9
Regular Contributor

Re: NFCU nRewards Secured

Congratulations
Starting Scores: Experian: 498 Equifax: 521 Transunion: 514
BK Filed: 06/19/17 - BK Discharged: 09/28/17
Current Score: Experian: 632 Equifax: 627 Transunion: 634
07/4/18

NFCU nRewards = $2,000 (unsecured at month 5); Capital One $1,000; Victoria Secret - $470; New York & Co - $800; Children's Place - $600.
Message 7 of 9
Regular Contributor

Re: NFCU nRewards Secured


@TexasFamMan wrote:
Sometime overnight it was approved! Thanks everyone!

Congrats! Well done! Smiley Very Happy



Message 8 of 9
Valued Contributor

Re: NFCU nRewards Secured - Update: Approved

congrats on the approval. 




(don't try this at home kids)
Message 9 of 9