Denied USAA Credit card

[Smug]

I also consider it elite..

[laz98]

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@Anonymous wrote:

A huge miss conception people have is that USAA is just as credit friendly as Navy Federal. Its NOT. It is very conservative in comparison.

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how funny.....usaa was willing to give me a card but navy fed was not!  oh well

[Anonymous]

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@laz98 wrote:

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@Anonymous wrote:

A huge miss conception people have is that USAA is just as credit friendly as Navy Federal. Its NOT. It is very conservative in comparison.

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how funny.....usaa was willing to give me a card but navy fed was not!  oh well

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Now that IS strange! 

[Anonymous]

In general most everyone gets a card from NFCU over USAA and usually at a higher limit then USAA.

It is very odd.

Granted there are always "exceptions that make the rule."

And we have no idea the particulars of your relationship with, and time of your applications between the two.

When I was at EAS I found the hard way that NFCU would not extend a loan to anyone with less then a year on their contract, and then would not extend a loan unless you had a year at your current job (effectively giving me the cold shoulder for 2 years). So who knows what justified their decision..

[Anonymous]

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@Anonymous wrote:

In general most everyone gets a card from NFCU over USAA and usually at a higher limit then USAA.

It is very odd.

Granted there are always "exceptions that make the rule."

And we have no idea the particulars of your relationship with, and time of your applications between the two.

When I was at EAS I found the hard way that NFCU would not extend a loan to anyone with less then a year on their contract, and then would not extend a loan unless you had a year at your current job (effectively giving me the cold shoulder for 2 years). So who knows what justified their decision..

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I think the one year to ETS rule is logical.  Who knows if the person will be able to replace the income they lose after discharge.

Same for the one year on a new job requirement.  It could be considered a probationary period where anything can happen.

I think Navy Federal should, however, make these little guidelines more known amongst the membership to avoid surprises.  It might be good if they put these things into a little preamble to any credit application.

[Anonymous]

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@Anonymous wrote:

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I think Navy Federal should, however, make these little guidelines more known amongst the membership to avoid surprises.  It might be good if they put these things into a little preamble to any credit application.

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I do not think any other institution posts their credit lending criteria so I do not feel NFCU should be singled out to do so.

[haulingthescoreup]

USAA is more conservative in many ways than other lenders, BUT they will also cut you a lot of slack if you've been a member for a long time.

They gave me a $50K HELOC with a 651 EQ FICO, and I qualified for a lot higher amount than that. But I had already been a member for nearly 30 years.

They did scold me about the score, though.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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I think Navy Federal should, however, make these little guidelines more known amongst the membership to avoid surprises.  It might be good if they put these things into a little preamble to any credit application.

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I do not think any other institution posts their credit lending criteria so I do not feel NFCU should be singled out to do so.

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No other institution deals almost exclusively with servicemembers having an ETS.  Even USAA and PenFed do not have an ETS rule etched in stone.  I suppose what should happen then is that military training should help people to develop ESP so they can realize that Navy federal is different from the pack instead of hoping to uselessly rely on them during the last year of each enlistment contract.

Also, NFCU will waive the one-year-to-ETS rule when one's CO certifies the individual is recommended for re-enlistment and has expressed a desire to re-enlist.  The problem is they never tell people about that waiver until after they have been denied credit and the NFCU member specifically asks about waivers.

[score_building]

applied for cc w/i a few weeks of each other,

NFCU 1st= 24k, then USAA= 12k. (no big changes on cbr upon USAA app except new NFCU acct.)