15 replies to this topic

[Saleen]

I"m wanting to app one time at a good CC with a descent CL, but feel I will be declined and another HP added back to me. I see members left and right getting 6-14k on certain CU cards, etc.


Short detail of my CR is, Cap One card ($350 CL), one secured bank note ($1.5K), and a Chase AU account for 7k. The Cap One CC and installment note are two months old (opened 3/20). The Chase AU is 15 yrs old, perfect history, just added last month. AAoA is 6yrs. Last FICO score a week ago was TU 735, EQ 764. No clue about EX, but FAKO shows 770.


Inquires on FICO TU is 3, but 6-9 on CK and SCP. EQ FICO is 1 mortgage stickies (6/11) and EX is 8 according to USAA, MPM, etc.. Utilization is 1% on both CC's. Some of the FAKO models don't give me the boost for the AU account so that bothers me when I think about apping.


On NFCU, my grandad is retired military (USAF), can I join? I see on PenFed I can join for a yearly membership fee of $20 or so, no problem. Basically, I am looking for the one or two (any) that might issue me credit based on what I have posted above. Could I try the Chase Freedom that I am already an AU on? The inquires on EX probably will shut me down with anyone who pulls them. BTW, I don't use the AU account or have access to the 7k, just there for scoring purposes. I NEED some credit to myself! Oh, I did get approved yesterday for a WFNNB retail card for $250 with a call-in recon (explained inquiries).



As always, advice is appreciated.

Edited by Saleen, 27 May 2012 - 11:55 AM.

[Crashem]

PenFed is conservative lender. Doubt you will get anything from them.

If you granddad is retired (not just veteran, getting a pension) of airforce, the safe bet would be to have him join NFCU. Once he has his member number, you for sure qualify. If he isn't a member, there is mixed information even directly from NFCU whether or not you qualify. Worse thing that can happen to you is that you get the card and while you have a balance, the security department in NFCU deems you ineligible and cancels your cards. Is this all worth the hassle? From what I can tell, YES!! NFCU is a generous lender and if anyone will give you a card with good limits, NFCU would be the one.

[Saleen]

PenFed is conservative lender. Doubt you will get anything from them.

If you granddad is retired (not just veteran, getting a pension) of airforce, the safe bet would be to have him join NFCU. Once he has his member number, you for sure qualify. If he isn't a member, there is mixed information even directly from NFCU whether or not you qualify. Worse thing that can happen to you is that you get the card and while you have a balance, the security department in NFCU deems you ineligible and cancels your cards. Is this all worth the hassle? From what I can tell, YES!! NFCU is a generous lender and if anyone will give you a card with good limits, NFCU would be the one.

Crashem, thanks for the info. I did make a mistake when I said "retired', he is in fact a veteran only. BTW, does my CR to you, look like a fair chance to app? How about apping with Chase Freedom?



EDIT: Just went through the Eligibility Checklist with NFCU, it's a no go. Dang.

Edited by Saleen, 27 May 2012 - 12:27 PM.

[Crashem]

PenFed is conservative lender. Doubt you will get anything from them.

If you granddad is retired (not just veteran, getting a pension) of airforce, the safe bet would be to have him join NFCU. Once he has his member number, you for sure qualify. If he isn't a member, there is mixed information even directly from NFCU whether or not you qualify. Worse thing that can happen to you is that you get the card and while you have a balance, the security department in NFCU deems you ineligible and cancels your cards. Is this all worth the hassle? From what I can tell, YES!! NFCU is a generous lender and if anyone will give you a card with good limits, NFCU would be the one.

Crashem, thanks for the info. I did make a mistake when I said "retired', he is in fact a veteran only. I had high hopes of apping with NFCU. Do you know who NFCU pulls from? BTW, does my CR to you, look like a fair chance to app if I can qualify for NFCU? How about apping with Chase Freedom?

Sorry I don't think you qualify for NFCU if your granddad is a veteran. NFCU pulls TU and EQ usually. One for membership and one/both for credit app. Lots of inquiries, but worth it. As for your chances, you basically have a thin/no file that is being bolsted by AU account. I think you would qualify, but most CUs do manual reviews and they would discount your FICO score IMHO.

I think you need to be very careful about who to app to. Don't let your FICO fool you as that AU account is basically doing all the work. Personally, I wouldn't plan on getting any high cl cards in the near future. You are in credit building mode. Think about getting a easy to get store card in the near future. Build up 6 months or so and go for major credit card. Trying to remember who gives full credit to AU accounts as I have seen many reject even those FICO was great. Finally, might be worth walking into local CU and talking to loan officer with your credit report and score in hand. Point out the negatives and see what they think before you apply.

[Saleen]

PenFed is conservative lender. Doubt you will get anything from them.

If you granddad is retired (not just veteran, getting a pension) of airforce, the safe bet would be to have him join NFCU. Once he has his member number, you for sure qualify. If he isn't a member, there is mixed information even directly from NFCU whether or not you qualify. Worse thing that can happen to you is that you get the card and while you have a balance, the security department in NFCU deems you ineligible and cancels your cards. Is this all worth the hassle? From what I can tell, YES!! NFCU is a generous lender and if anyone will give you a card with good limits, NFCU would be the one.

Crashem, thanks for the info. I did make a mistake when I said "retired', he is in fact a veteran only. I had high hopes of apping with NFCU. Do you know who NFCU pulls from? BTW, does my CR to you, look like a fair chance to app if I can qualify for NFCU? How about apping with Chase Freedom?

Sorry I don't think you qualify for NFCU if your granddad is a veteran. NFCU pulls TU and EQ usually. One for membership and one/both for credit app. Lots of inquiries, but worth it. As for your chances, you basically have a thin/no file that is being bolsted by AU account. I think you would qualify, but most CUs do manual reviews and they would discount your FICO score IMHO.

I think you need to be very careful about who to app to. Don't let your FICO fool you as that AU account is basically doing all the work. Personally, I wouldn't plan on getting any high cl cards in the near future. You are in credit building mode. Think about getting a easy to get store card in the near future. Build up 6 months or so and go for major credit card. Trying to remember who gives full credit to AU accounts as I have seen many reject even those FICO was great. Finally, might be worth walking into local CU and talking to loan officer with your credit report and score in hand. Point out the negatives and see what they think before you apply.

I'm with you, I agree, I have a very thin file and wished the AU would give me full benefits of the 15yr old account. I was fixing to pull the trigger on the Chase Freedom app, but not so sure now after reading your reply. Our local credit union does not offer CC's.

[Crashem]

Where are you located? I might be able to give you some suggestions. Also, are you student with income?

[Saleen]

Where are you located? I might be able to give you some suggestions. Also, are you student with income?

Located in Texas and not a student.

[Crashem]

Where are you located? I might be able to give you some suggestions. Also, are you student with income?

Located in Texas and not a student.

Where in Texas?

[Saleen]

Where are you located? I might be able to give you some suggestions. Also, are you student with income?

Located in Texas and not a student.

Where in Texas?

Edited by Saleen, 27 May 2012 - 01:01 PM.

[Burgerwars]

PenFed is conservative lender. Doubt you will get anything from them.

If you granddad is retired (not just veteran, getting a pension) of airforce, the safe bet would be to have him join NFCU. Once he has his member number, you for sure qualify. If he isn't a member, there is mixed information even directly from NFCU whether or not you qualify. Worse thing that can happen to you is that you get the card and while you have a balance, the security department in NFCU deems you ineligible and cancels your cards. Is this all worth the hassle? From what I can tell, YES!! NFCU is a generous lender and if anyone will give you a card with good limits, NFCU would be the one.

PenFed may be conservative, but they let me combine two pr-approved offers into one giant $50K credit card line. You just never know...

[hegemony]

In my experience Penfed is one of the most liberal lenders. YMMV.

I recommend DCU or Alliant if you pass on Penfed.

[virtualtreasure]

In my experience Penfed is one of the most liberal lenders. YMMV.

I recommend DCU or Alliant if you pass on Penfed.

Sure, for those who have nose bleed FICO, low DTI, few EQ inq...and generally very strong overall profiles- yes.

+1 DCU and Alliant are good options

Edited by virtualtreasure, 27 May 2012 - 03:48 PM.

[hegemony]

my FICO according to DCU is not nose bleed, 774 is listed as "above average"

[Saleen]

my FICO according to DCU is not nose bleed, 774 is listed as "above average"

Well, applied for Chase Freedom online and received a 7-10 day message for review. I immediately called the recon number and she informed me I was declined, then asked me some questions, put me hold, then returned to tell me I was approved for $500 and would recieve my card within 2 business weeks. I guess that is a start, but gee-whiz, how do I get that $500 up, up , up? How soon is to call in for a CLI, or how do I go about it. I am shooting for like 2-3k or more!

[Saleen]

I called back and expalined I thought $500 was low. He then tells me it is the best they can do because my only other card is a Cap One with a $351 limit. He also knew that card was only 2 months old. The 7k Chase Freedom AU I am on did not even show up on his report.

[virtualtreasure]

my FICO according to DCU is not nose bleed, 774 is listed as "above average"

DCU FICO "How Your Score Rates"