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Why is everyone here a member of Navy Federal Credit Union?

Community Leader
Super Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

@ justagirl73, paid for my membership to the Navy League last night!.Smiley Happy Now have to await the papers to come so i can begin the process for membership. My plan is still to garden til 2018, to eliminate all my inqs but i may be able to slide one app in for November as i have an inquiery that i should have never gotten Smiley Sad fall off my EQ. so in essence i could still head to the garden happy and if they accept me and a cc , 2017 will be on lock down haha! Only not too sure which card i should go for with a low income Smiley Wink.



Gardening since 6/13/18
Goal: No hps or cli requests at least til 1/1/19, 7/13/20 preferable
Message 11 of 48
Community Leader
Valued Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

I'm sure someone on this forum will be able to give you some insight on the best card for you to apply for! ☺️

AMEX PLATINUM, DELTA PLAT & SPG | PenFed PR | NFCU FS | Discover IT | CAP1 QS & VENTURE | LOWES l NORDSTROM I WAYFAIR I
Message 12 of 48
Valued Member

Re: Why is everyone here a member of Navy Federal Credit Union?


baller4life wrote:
Greatest CU on the planet hands down! 😆

Why, because you can ACH pull from your other banks...NO

Because there are branches everywhere...NO

Because they have the best rates on CD's, savings, checking, auto loans, CC, mortagages, NO.

Why are they the best CU on the planet?

 

Best for high starting limits on CC for people with damaged credit, then I would agree.

 

Alliant, PenFed and several others beat them hands down with rates and ease of use. 

 

 

Message 13 of 48
Valued Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

AverageJoe...Your jumping on board huh, well good for you.

BK13 Filed 7/10-DC 8/15 // Fico 8's TU 763/ EQ 758/ EX 735 11/17// AAoA 5.8 years // Lines 11/2017= 240K // Inquiries 5 TU -11 Exp - 10 Eq. BK now off all all reports....WE CLOSED ON OUR HOUSE 6/7/2017 long hard road, but we made it !!!
Message 14 of 48
Valued Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?


tussking wrote:

Because the customer is #1 not their executives ! They treat you amazing and their products and customer service is superior to EVERY OTHER BANK OR CU.


According to their T&C for their cards at the following 2 links below, the lowest APR they offer is 8.24% V.   There's a lot of other CUs out there that have lower rates than that, if a low APR is what is desired in a card.  Even the Barclay Ring is only very slightly 0.01% higher at 8.25% V.  So if APR alone was the primary criteria for apping, I'd prolly pass on NFCU.

 

https://www.navyfederal.org/products-services/cards/creditcards/creditcards.php

https://www.navyfederal.org/pdf/creditcards/NFCU_573A.pdf

** BEFCU Platinum Plus VISA @ 5.49% F, $4k ** Unify FCU Variable-Rate VISA Gold @ 6.74% V, $5k ** PACU Premier Privileges Rewards MC @ 7.50% F, $20k ** FNBO Amex @ 8.00% V, $22k ** Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $15k ** Barclay Ring @ 9.75% V, $1.9k ** BoA Cash Rewards WMC @ 9.99% F, $20k ** Citi DC WMC @ 10.99% V, $19.82k ** BoA Travel Rewards VS @ 10.99% V; $16.8k ** Cap1 No Hassle Miles Ultra Platinum MC @ 11.65% V, $4.5k ** Discover IT @ 11.74% V, $24.4k ** FNBO BucksBack VS @ 12.75% V, $20k ** BBR(x2) @ 13.74% V, $28.7k ** US Bank Cash+(x2) @ 16.74% V, $28k ** Citi DP VISA @ 16.74% V, $10.1k ** FNBO Amex TravElite @ 17.49% V, $15k ** Blispay @ 19.99% F, $5k ** Cap1 BuyPower WEMC @ 21.65% V, $6.25k **
Message 15 of 48
Super Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?


C316 wrote:

baller4life wrote:
Greatest CU on the planet hands down! 😆

Why, because you can ACH pull from your other banks...NO

Because there are branches everywhere...NO

Because they have the best rates on CD's, savings, checking, auto loans, CC, mortagages, NO.

Why are they the best CU on the planet?

 

Best for high starting limits on CC for people with damaged credit, then I would agree.

 

Alliant, PenFed and several others beat them hands down with rates and ease of use. 

 

 


Well let me clarify that for you. Greatest CU on the planet for rebuilders! How's that? With their extreme generosity to those with less than perfect credit, they stand head and shoulders above the rest! 😉

 

They also have very competitive CD rates. I do bank with Alliant for much better savings and checking rates!

Message 16 of 48
Senior Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

Member of DCU, Congressional FCU, PENFED - but not NFCU.

 

#1 DCU = great products and interest rates, no issues they treat me well.

#2 CFCU = in my office building, have a $15k Visa, no "cash advance" fees on using the Visa, funkly backward website, no real issues, but I don't use them much.

#3 PENFED = I have a second Mortgage with them, member for 40+ years, if you ever have issues they are very unforgiving (I/we did in 2004-05, several late payments, caught everything up, never burned them for a penny, "we" are worthless to them 10+ years later). Once I retire and sell my house - they'll be just as worthless to me.

 

 

NFCU? No need, no interest. 

Message 17 of 48
Valued Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

You could re-phrase the original question:

 

Why are so many people with NASA FCU  (bad example)?

Why are so many people here with PenFed?

Why do so many here have a Blispay card?

Why do so many here have a Marvel card?

 

The board is known for starting a stampede to a new bank, CU or card. I personally have gotten caught up in a few of the stampedes (running of the cards? instead of running with the bulls). Overall, most applications have improved my profile or score.

 

 

Message 18 of 48
Community Leader
Valued Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?

I'm a member of NFCU and have none of their products.  However, I do agree with Baller, I believe the appeal to those with damaged credit and those rebuilding is the high starting limits on their credit cards and the easy approval of the PLOC.  But I also agree with C316, outside of the ease of approval there isn't much that I can gain here that I can't elsewhere.  

Message 19 of 48
Mega Contributor

Re: Why is everyone here a member of Navy Federal Credit Union?


Loquat wrote:

I'm a member of NFCU and have none of their products.  However, I do agree with Baller, I believe the appeal to those with damaged credit and those rebuilding is the high starting limits on their credit cards and the easy approval of the PLOC.  But I also agree with C316, outside of the ease of approval there isn't much that I can gain here that I can't elsewhere.  


I also wonder if very high SLs are really what works best for rebuilders (of course, everyone on this forum is very responsible, but those others!)   I think the desire for "WOW" SLs detracts some from focusing on other important features, such as the utility of the card, vs endless praise of utilization padding.

Message 20 of 48