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Minimum score for NFCU secured card?

red007
Valued Member

Minimum score for NFCU secured card?

Hello! I hope I'm posting this in the correct section... Like most of you, I'm in the process of rebuilding my credit (scores currently range from 560-580 for all 3). Two quick questions: Does anyone know if there is a minimum score requirement for NFCU's secured credit card? I have been denied for Capital One and Discover's secured cards -- I don't want to keep racking up inquiries if there's a good chance NFCU will deny me as well... I do not have any open credit cards at the moment. Also, my SO has decent credit (around 700), and I'm wondering if I were to become an AU on one (or a couple) of his cards, could that potentially damage his score since mine is so low right now? Does my bad history reflect on him at all? Hope I'm making sense... Thanks for any input!

Message 1 of 8
7 REPLIES 7
19eighty5
Senior Contributor

Re: Minimum score for NFCU secured card?

I'm not for sure if there is a known minimum score but I can share that I was approved for a nRewards secured card with a TransUnion FICO8 score of 571 back in May. I'm not for sure what my FICO 9 score was at that time.

FICO 8 (Feb 2018):EX- 519, TU- 530, EQ- 545
FICO 8 (Aug 2021):EX- 689, TU- 671, EQ- 671
What's in my wallet:



On the chopping block:

Message 2 of 8
herewegoagain
Regular Contributor

Re: Minimum score for NFCU secured card?

My wife had no Fico when she was approved for hers. All she has is a paid off car loan from 2 years ago.

Message 3 of 8
spiritcraft1
Valued Contributor

Re: Minimum score for NFCU secured card?

I must have been in the 480 range in Sept or 16 when I got mine for $1k (that was my first NFCU Fico 9 score the month after).  Wife was in the same exact boat with CO's and Collections from march / april 2014.  A year later, I increased mine to 5k with a hard pull...  still secured to this day.  Scores in the 575 range and on the upswing.  Discover secured was approved for 1k  with a 557 EX Fico 08 last month.  Though the nRewards Secured requires a hard pull, I can not recall reading about a denial but that does not mean anything of course.

 

It's funny how perhaps the best secured card might be one of the easiest to obtain.  You must treat it well though since I hear NFCU does not let you back in after a burning.  I also have a SSL with NFCU and patiently await a very long term relationship with them.  Unsecured NFCU products are less than a year away for me I imagine.

 

Your SO's AU account will benefit you greatly but nothing from your report will attach to him.


|Biz | AU
Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
Current F08 -
Current 2,4,5 -
Current F09 -
No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k
Message 4 of 8
ImTheDevil
Super Contributor

Re: Minimum score for NFCU secured card?

Another option to get something reporting to the positive is the OpenSky card - it’s a secure card with no credit check. Supply money to back the card and they give you the card. Done deal. You could get that and let it report a few months and then recheck the prequal pages.
Platinum NPSL | Rose Gold NPSL | BCP | Delta Gold | Hilton Surpass | Hilton Honors | FNBO Prime Visa | FNBO Evergreen | PenFed PCR | PenFed Gold | Navy cashRewards | Navy Platinum | Apple | Wells Fargo Active Cash | IT Cash | IT Chrome | GHSFCU Visa Plat | Quicksilver | Target | VS | Home Depot | Lowes | Sams MC | Firestone | Overstock | Kohl’s | Key Bank auto loan (2017 Audi A6 Premium Plus S-Line)


Message 5 of 8
Brian_Earl_Spilner
Community Leader
Mega Contributor

Re: Minimum score for NFCU secured card?

I got a cash rewards with a 515. Should have got the secured. Would have graduated by now and gotten an increase. I don't want to waste a HP to try requesting a CLI next month as I already got denied once after 3 months.

    
Message 6 of 8
spiritcraft1
Valued Contributor

Re: Minimum score for NFCU secured card?


@Brian_Earl_Spilner wrote:

I got a cash rewards with a 515. Should have got the secured. Would have graduated by now and gotten an increase. I don't want to waste a HP to try requesting a CLI next month as I already got denied once after 3 months.


What was your CL?  A 515 Fico 9?   I imagine you could still get the secured as well.   The SSL deal is also available to you.  That gave me a 30 point increase in scores.  Both of thoise might help you long term with them???  Who knows.

 

I suspect that with my 5k secured nRewards card, I may get an unsecured card before they graduate my 5k line.  Fico's are up 100 points but may see low 600's in a few months if things go as planned.  In my mind, all is well going forward with them as long as I plan well, don't go for any subprime cards and PIF etc.  It will all pay off down the road.


|Biz | AU
Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = High 300's - Low 400's
Current F08 -
Current 2,4,5 -
Current F09 -
No PG Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, Citi Tractor Supply Rev .8k, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k
Message 7 of 8
red007
Valued Member

Re: Minimum score for NFCU secured card?

Thanks for the responses -- I will apply for said card within the next week here, when I have a the funds for the deposit. I will also bug my SO about allowing me to be an AU, since it won't do anything to his score. AWESOME. I'm sure I will be back in the very near future with more questions... Thanks!

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