Navy Federal

[Anonymous]

I opened a secured card today. What’s the fastest you’ve seen them graduate from NFCU. My credit score is 605ish. I still have some negative things in my credit but I’ve been on time with payments for about a year and a half. NFCU says they take your your history with them into consideration, but they couldn’t give me a timeline on graduation.

[Pikaboo-icu]

Welcome to My Fico  

If I recall correctly, I believe Navy takes about 6 months of good use/pmt history to graduate.

Use the card and PIF for best results. 

CHEERS

[CH-7-Mission-Accomplished]

I have seen 8 months reported on here ...

[Autodidact]

Hi,

I have been a member of Navy Federal since June 2017. I opened a $500 secured credit card account with them in March 2018. I PIF but let $50 report every month. I just graduated today to $2000 cl so 5 months. However, I also have an auto loan financed by them since February 2018, a SSL opened April 2018, and a CLOC opened May 2018. I went for optimizing my relationship with them to build my credit profile. It's not much but with a BK that's only  2.5 years old, I'll take it. I will reach my goal.

[Anonymous]

I've been a NFCU member awhile and have a secured card with them as well.

When you say "graduated" do you mean applied and got a CC not secured?

According to NFCU they do not transition a secured card into a non secured. (like discover will).

thanks

[Autodidact]

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@Anonymous wrote:

I've been a NFCU member awhile and have a secured card with them as well.

When you say "graduated" do you mean applied and got a CC not secured?

According to NFCU they do not transition a secured card into a non secured. (like discover will).

thanks

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Graduated meaning my secured card transitioned to unsecured. NFCU definitely transitions. Please contact them again for more clarification if a representative gave you that information (odd). If you search the boards here, you will find that it (graduating to unsecured) happens a lot.

[Anonymous]

Thanks, I guess some represenitive gave me bad info. I didn't think they did that.

[Anonymous]

I do hear they graduate. That’s what they say anyway, but wouldn’t give me a time fram. I was also told once by one of their customer service people that you have to ask because it won’t happen on its own.

[Anonymous]

I really want to build a good relationship with them too. What is a SSL? And was it easy to get an auto loan with them? Did you call them before you went to buy the car? Just curious. You are doing great! I hope to have credit like your soon. I seem to be stuck in the low 600’s but I’ll get there eventually.

[Autodidact]

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@Anonymous wrote:
I do hear they graduate. That’s what they say anyway, but wouldn’t give me a time fram. I was also told once by one of their customer service people that you have to ask because it won’t happen on its own.

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No, you should not have to ask for it to graduate to an unsecured card. This review/monitoring is a process that Navy Federal does regularly. It will happen on its own. If you request it, it will be a HP. Once your card becomes unsecured, you should have the ability (as well as they should suggest it) to PC your card to a more favorable card i.e. cashRewards or GoRewards card. Also, after graduating to unsecured, ask that your account be put on auto review so that they check montly for CLI which will be SP. Otherwise, you risk a HP when requesting a CLI and NFCU loves HPs.