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NFCU PLATINUM CARD

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Valued Contributor

Re: NFCU PLATINUM CARD

The Platinum is a great card.  It's on my target list since it's with Navy Federal and has one of the lowest APRs you can find anywhere.  (I found a couple lower but they were with much smaller credit unions that are far away and that I don't do business with.)

 

I think everyone should keep one "low apr" card all the time just for when you know you won't be able to pay something off in full.  You can't always find a quick 0% transfer offer on an existing or new card.  (However, I would not recommend using this card for everyday spending you can PIF because you lose out on rewards.  But it is good to have as an option.)



Updated 07/20/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (July 2020)
Total Open Credit Lines Over $521K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:8)
New Accounts: 3/6 months; 9/12 months; 12/24 months (as of 07/20/20)
Gardening until at least 04/2021.
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 11 of 19
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Community Leader
Mega Contributor

Re: NFCU PLATINUM CARD

Dilly Dilly! @Aim_HighSmiley Wink
Message 12 of 19
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Valued Contributor

Re: NFCU PLATINUM CARD

Good card for BT(s) from other cards and super awesome low APR if you qualify for it. 




"Your ego is writing checks your body can't cash".
Message 13 of 19
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Super Contributor

Re: NFCU PLATINUM CARD


@Hasselfree wrote:

Good card for BT(s) from other cards and super awesome low APR if you qualify for it. 


Every year you can request a review for a lower interest rate.

 

Mine was recently reduced to 9.24%, making it one of my lowest rate credit cards.


Total revolving limits 648500 (572500 reporting) FICO 8 EQ 728 TU 755 EX 732

Message 14 of 19
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Super Contributor

Re: NFCU PLATINUM CARD

SJ, what was it previously? How much did they lower it?
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.

RIP:







Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (aged/nonaged), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/aged/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 15 of 19
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Community Leader
Mega Contributor

Re: NFCU PLATINUM CARD

From $300😆
Message 16 of 19
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Regular Contributor

Re: NFCU PLATINUM CARD

I talked with NFCU yesterday and decided to keep my More Rewards card, I coukd have sworn when I read the Platinum card description and special that had it said 0% APR for 12 months but it was only for BT.

Hover Cursor Over Credit Cards to See Credit Limits









Message 17 of 19
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Super Contributor

Re: NFCU PLATINUM CARD


@Birdman7 wrote:
SJ, what was it previously? How much did they lower it?

I think they lowered it by 2 points.

And they lowered my cash rewards card interest rate by about 5 points.


Total revolving limits 648500 (572500 reporting) FICO 8 EQ 728 TU 755 EX 732

Message 18 of 19
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Regular Contributor

Re: NFCU PLATINUM CARD

Some NFCU Rep left a voice message today saying she is still trying to get me the 0% APR for 12 months on the Platinum card instead of the 0% BT for 12 months, last I heard the otrher day they could not do that so I was going to keep my More Rewards card which has 1.99% APR for 6 month then 13% APR for purhcases after that.

 

The Platinum card they want me to switch to offers an 11% APR for purhcases, no annual fee of course or foreign fees but down side is no rewards or cash back. The More Rewards card has a $3,000/90 day deal for a bonus, little steep for me. Making monthly payments on that much would be like acar payment to me.

 

What do you think I should do if they approve the 0% APR for 12 months? It seems in the long run


Hover Cursor Over Credit Cards to See Credit Limits









Message 19 of 19
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