Another NFCU Question...

[UncleB]

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@takeshi74 wrote:

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@UncleB wrote:

I'm currently lacking is a low APR card for those times when carrying a balance is preferable.

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If you find yourself routinely carrying balances then you'll want to look into why that's the case and address that issue.  I know it's easier to say than do but credit is not a substitute for a liquid reserve.

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Uh, I'm not sure how to reply to that. 

This thread is regarding NFCU credit card interest rates and appying for membership alone vs. applying for membership and a card simultaneously. 

Perhaps you posted to the wrong thread?

[UncleB]

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@Creditaddict wrote:

Navy pulls EQ or TU not EX.

It is usually just a difference of 1% or so on rewards vs platinum.

You can product change between Navy cards whenever you want though so unless your intention is just to use the card for BT, I would get a rewards card like the GoRewards now that they made Restaurants 3%!

You can ask for an APR reduction 1 per year. or product change and sometimes that comes with a lower apr automatically!

Apply for the checking loc for $15k right after you apply for the credit card also!

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If the APR difference is truly only 1%, you're right... I would be better off just going with a rewards card.  However Baller gives her APR on each, and there's quite a bit of difference, at least for her (4.66%).  Obviously my profile will be different from hers, and my rates different, but if there's even a chance of 4%+ difference between Platinum and rewards that's going to weigh heavy on my decision. 

That being said, it's cool to know that you can easily do a PC with them, and that the APR can be adjusted for the PC.  This is very different from what I'm used to with Capital One (where the APR never changes) and even USAA (where you can't PC anything, at least easily).

The 3% on restaurants is impressive, but I've got that with Sam's Club MasterCard already.  Most likely the card would be primarily for BTs, since I can make the purchase with a rewards card and if needed, BT to a NFCU card for the lower APR.

Thanks for mentioning that they don't bother with EX.  I was aware of TU for the membership and EQ for a credit product, but I was unsure if EX was ever used.  It's good to know that one won't be 'bothered'.  LOL

[Anonymous]

I joined by calling.   Mother, and my Father as backup, are retired USAF.  Neither have a NFCU account. Shoot, woulda used my Retired USAF Step Father as well. 

TU for membership, EQ for cards.  I did get a lower APR for cash than GoRewards but EQ at 648 got me 14%. 60 day late, 1 collection. Just past 1 yr old.  11 yrs, 1.9 AAOA.

i DO have direct deposit set up with them. I like to think that helped.

[Anonymous]

idk but you have good APR based on scores. no offense. idk how they do their tiers

[Anonymous]

as a data point when i got the flagship rewards last week they had my EQ at 681 and i got 15.49% APR

[Anonymous]

Terror brah, NFCU is my homie. We tight. *pounds chest*

Naw, I have 80% of my banking with them right now. Probably why. 

[Anonymous]

idk if that matters or not. if so then i will do more but i have direct deposit, had 2 autos with them, 2 credit cards totaling $18k and a LOC for $15k

[UncleB]

You guys are awesome... just the data points I was going for! 

My scores are just over 700 (around 703-708).  I took a 'hit' back in August with the new accounts (Discover, Sam's, Care Credit) but my scores are almost back to where they were before I apped.  I had one 'baddie' drop off just last week, and one still remaining (CO from six years ago). I haven't checked my scores since the baddie dropped off... it probably helped a little, but since it was so old the improvement probably won't be significant.

I'm about to call my brother to see if he can read off his member number; if he's not available I'll try again over the weekend.  I've decided that regardless of what I do with the card, I might as well get the membership inquiry knocked out so it can be aging.  I've been using a Serve card to store my credit card rewards (around $600) and I can move that to my new share/savings account with NFCU (I already have two checkings, don't really need another). 

As soon as I'm able to move forward I'll let you guys know.  I'm hoping the membership process will be 'uneventful', since my brother is active duty right now, and he's already been talking to them about refinancing his vehicle (in other words, I'm fairly sure they've verified him by now).  I think he's been by a local branch as well... hopefully that is also an indicator that it will be 'smooth sailing' for me. 

[Anonymous]

just another data point (idk if it's because i gained membership in 2013) but my account approval was instantaneous and my vehicle loan was approved the following morning and i picked the check up that day and bought my vehicle. at that point only 1 HP was done but i don't think that's the case anymore.

[bigpoppa09]

as some one stated they keep EQ frozen so navy pulled TU for a CC is this true will they pull TU if EQ frozen or tell u need to thaw EQ?