Joined NFCU and Debating Next Steps

[BigBS]

Well, logged into my account this morning and what did I have awaiting me . . . a pre-selected offer for the cashRewards VISA.  Debated for a few minutes and decided why not?  Filled out the information, hit submit, and 'Review in Process.'  Guess we'll see what that means.  Interestingly, once I completed and logged off decided to log back on and got a pre-approval for an auto loan.

[takeshi74]

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@BigBS wrote:

Still can't justify a need other than to have more credit (most of which I probably wouldn't use).  

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Keep in mind the recommended levels for utilization.  You don't want credit limits that are at the amount you need.  That would leave you with very high utilization.  You ideally want credit limits that put your spend at ~10% or less utilization (i.e. ~90% unused).

[Creditaddict]

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@BigBS wrote:

Well, logged into my account this morning and what did I have awaiting me . . . a pre-selected offer for the cashRewards VISA.  Debated for a few minutes and decided why not?  Filled out the information, hit submit, and 'Review in Process.'  Guess we'll see what that means.  Interestingly, once I completed and logged off decided to log back on and got a pre-approval for an auto loan.

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They probably will ask for paystubs and approve you for more than $25k!

[BigBS]

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@Creditaddict wrote:

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@BigBS wrote:

Well, logged into my account this morning and what did I have awaiting me . . . a pre-selected offer for the cashRewards VISA.  Debated for a few minutes and decided why not?  Filled out the information, hit submit, and 'Review in Process.'  Guess we'll see what that means.  Interestingly, once I completed and logged off decided to log back on and got a pre-approval for an auto loan.

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They probably will ask for paystubs and approve you for more than $25k!

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No such luck.  Approved for $15k and 9.24%.

[credit-hunter]

dont worry that 15k will be 25k in no time..lol congrats

[BigBS]

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@credit-hunter wrote:

dont worry that 15k will be 25k in no time..lol congrats

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How right you are!  Recon'ed this morning and got a SM telling me that the new limit is $30K.  I was shocked since I only asked for $25K.  Sent in my pay statement, so perhaps that helped.

[Creditaddict]

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@BigBS wrote:

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@credit-hunter wrote:

dont worry that 15k will be 25k in no time..lol congrats

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How right you are!  Recon'ed this morning and got a SM telling me that the new limit is $30K.  I was shocked since I only asked for $25K.  Sent in my pay statement, so perhaps that helped.

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HAHA, Told you over $25k

[BigBS]

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@Creditaddict wrote:

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@BigBS wrote:

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@credit-hunter wrote:

dont worry that 15k will be 25k in no time..lol congrats

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How right you are!  Recon'ed this morning and got a SM telling me that the new limit is $30K.  I was shocked since I only asked for $25K.  Sent in my pay statement, so perhaps that helped.

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HAHA, Told you over $25k

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Yes, you did.  Thanks for believing.