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Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

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Contributor

Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Made some mistakes in the past with my credit so trying to make sure my kids have a good jump start on credit and know how to use it!

 

Added my daughter last year as AU on a few of my cards and opened up a checking and savings account with NFCU for her as well.  She turned 18 today and current TU score was a 762 for her with just the AU cards showing up.  

 

Applied for the NFCU cash rewards card and she got an instant $8000 approval at 11.15% rate! HP on TU.  

Checked Discover and she was prequalified for the Discover IT so applied and instant approval for $3500. No HP as of yet. 

 

Plan to get her one more card after a few months but will just have her keep one at a time to use for gas and food and rotate them out.

Also going to be cosigning with her on a car this summer before she heads to college.

 

Just wanted to share for others looking to get their kids started. Excited for her and the approvals too because I am in the garden for a long time. Love NFCU and highly suggest them to anyone able to join.



NFCU Go Rewards - $17,000. NFCU More Rewards Amex - $26,000. NFCU Flagship Rewards - $10,000.
PenFed Pathfinder Amex - $10,000. PenFed Power Cash - $10,000. Discover It - $12,000. Discover It #2 - $10,000.
Cap1 QS - $3,500. Cap1 QS #2 - $10,000. Total Rewards/Caesars Signature Visa - $7,800. Lowes - $35,000. Care Credit - $20,000.
Walmart - $5,000. Buckle - $7500 Kohls - $3,000. Amazon Prime - $10,000.
Starting Scores 2/14/2018 - EX - 609. EQ - 612. TU - 589.
Message 1 of 9
8 REPLIES 8
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Super Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Congratulations on DD approvals!
Message 2 of 9
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Super Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Happy Birthday to DD. 🎂
Message 3 of 9
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Frequent Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Great birthday present. Gotta LOVE NAVY! Congrats!
Message 4 of 9
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Mega Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Congrats to DDSmiley Happy

Message 5 of 9
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New Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

Thats awesome! What a great start. Nice rate on the NFCU card. 👌
Congratulations to you both.




Message 6 of 9
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Regular Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

WOW. Excellent excellent APR for an 18 year old and great starting line for a student. I never had the credit discussion with my parents before I went to college and one of my biggest regrets. 


FICO 8 Scores (Actively rebuilding)

FICO 9 Scores

Inquiries (12/24): EX: 2/2 | TU: 2/2 | EQ: 0/0
AoYA: 5 months | AAoA: 8+ years | AoOA: 12+ years
New Accounts (24 months): 3
11 months until completely clean credit files!

Goal Cards:


Scores started in low 500's | Signature last updated 5/9/20
Message 7 of 9
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Valued Member

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

congrats on all the approvals for your daughter!

 

she is looking to have a bright credit future!

 

cheers to being a great parent 








Gardening Start 2/19/2020
Message 8 of 9
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Valued Contributor

Re: Two Approvals for 18 year old daughter. NFCU Cash Rewards and Discover It

That’s amazing! Congratulations on your DD approvals!




My Cards:






Profile Type: New, Thick, 100% Clean
INQ's: EQ: 0 TU: 1 EX: 3 (last 12 mo.)
Recent Accounts: 4 (last 24 mo.)
Total CL: 28.95k Util. 3% AAoA: 1yr, 8mo.
AoOA: 2 yrs, 8 mo. AoYA: 0 mo. 100% PIF.





myFICO Member since: July 21, 2018 | Joined Community: Aug. 17, 2018 | Starting Scores: EQ: 716 TU: 738 EX: 698
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