@NightTrader wrote:I tried the prequalify Navy Federal link tonight and for the first time, all their cards appeared showing me as prequalified.
I rolled the dice and applied for the Cash Rewards card. I was shocked that I got approved for $12,500.00 with a 9.65% APR, which will be nice to use for emergencies for my home.
I have the Secured NRewards with Navy with $681 used out of $1000.00 (which will be paid next month), a pledge loan of $3.8K remaining of 5K, and an authorized user on another card. I have some allocations from my check to my savings and checking accounts. I have been working to build my relationship with Navy Federal and it appears to have paid off.
Datapoints
Bankruptcy filed 07/2020
A bankruptcy discharged 10/2020
Experian 685 Equafax 700 Transunion 690
Other credit cards: Pay Pal Credit, Capital One QuickSilver, Discover IT, and Two Navy Federal Cards
Thats fantastic. The apr is amazing for a rewards card and even in emergencies. Im helping Dad with his debt and im using my CR with that apr and though we are paying interest, every month paid, the minimum payment keep going down so that can be huge for people with needs
Congrats on the approval! That is a hefty SL! I am hoping to increase the limit on my Cash Rewards gradually so I can use it as a travel card due to the lack of a FTF.
