NFCU secured - $750 approved

[TRC_WA]

You're approved for a nRewards® Secured Credit Card with a credit limit of $750.00 and an APR of 18.00%. You can expect to receive your new card in a plain, white envelope in the mail in 7-10 business days, unless you requested express delivery.

Do people actually get denied for secured cards?  LOL

Rebuilding about 2 years... Ch 13 bankruptcy discharged 4 months ago with a year or so to go until the baddies fall off the reports.  I joined PenFed and NFCU a month ago... one approved me for a card the other didn't and that's because my EQ Fico 9 is considerably higher than my TU Fico 9.  

So along with setting up DD's with NFCU I decided to get my first (and last) secured card to start building the relationship with them so they'll open the floodgates later.

Not gonna lie I think it's a bit ridiculous that my denial reasons were due to balance status of NFCU accounts as well as DD status and insufficient variety of secured loan accounts (what does that even mean? I have a car loan)... but at any rate I'm in.  NFCU internal score was 233.

I'm hoping the computer uses the same HP that was used 10 days ago... I was told by a rep it's a new HP but the NFCU thread said it might not be.  We'll see.  No HP notifications yet.

I went well over the minimum deposit of $200 so I can make more than 1 trip to Costco without maxing the card out.  Gonna garden for the next year and we'll see where I stand at that time with the clean reports. 

[KingRue8500]

Congrats on your NFCU nRewards approval

[SUPERSQUID]

CONGRATS!!!!!

You wont regret it. You may get an automatic cli at 3 months and graduate to unsecured 2k cash rewards in 6 - 8 months if everything goes right, ymmv

[Pway]

Congrats on the approval. 

[dcp0524]

Congrats on your approval! 🎉🎉🎉 I have zero regrets about joining Navy. 

Back in the day I was denied by BofA for their secured BankAmericard. It stings when they tell your they don't even trust you when you're paying your bill in advance. 🤷🏻‍♂️

[Working-on-Credit1]

Congrats on your approval!!

[Credit4Growth]

🍺 Congrats TRC_WA!

[mfinsmi1]

Congrats on getting in with NFCU thats huge 

[TRC_WA]

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@SUPERSQUID wrote:

CONGRATS!!!!!

You wont regret it. You may get an automatic cli at 3 months and graduate to unsecured 2k cash rewards in 6 - 8 months if everything goes right, ymmv

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Thanks all!  

@SUPERSQUID  When you graduate to a better card do you get the SUBs associated with that card?

[SUPERSQUID]

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@TRC_WA wrote:

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@SUPERSQUID wrote:

CONGRATS!!!!!

You wont regret it. You may get an automatic cli at 3 months and graduate to unsecured 2k cash rewards in 6 - 8 months if everything goes right, ymmv

---

Thanks all!  

@SUPERSQUID  When you graduate to a better card do you get the SUBs associated with that card?

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There is no sub for graduating to unsecured. They will give you back your 750 deposit and then 6 months later or at least 181 days and 6 full statements you can request a credit limit increase and every 6 months going forward.

after 1 year you can request an interest reduction. 

I beleive you can ask for card number 2 after you graduate but im not 100 pct positive, perhaps someone will chime in.