Number five is 100% true no late payments on any accounts not just Navy Federal. Most creditors will frown if they see late payments. So don't be late. An easy way not to be late is to forget about your due date pay at least your minimum balance preferably your statement balance in full as soon as you get your statement. Remember your bill whether it's your credit card electricity cell phone is not due on the due date it's due when you receive it. The due date is just the last day you can pay it without being considered late. I guarantee if you start paying your bills as soon as you receive them you'll never have a late payment
Thanks, @sinned96, for this tip and advice. So true. 🤓👌 On time payments also comprise quite a large percentage of a credit score on the personal credit profile and can affect scores significantly. Thanks for sharing and appreciate you chiming in.🤩👌
Number four. It's called the 91/3 rule. 91 days and three full statements before you apply for your 2nd or 3rd credit card. One day early you'll be denied. Better to Be on the safe side give it 92, 93 days. 91/3 also applies to your first credit limit increase on your credit card. Any other credit limit increases on that particular card you have to wait 181 days or 6 months.
Another great insight shared. This is so true, @sinned96. This is especially true for new NFCU members who are not aware of how the NFCU timelines are. The 181 days or 6 months after the first CLI is also relevant to know. I might share a video just for this particular info as I did get quite a few questions about this. Thanks again and have a great day!🤩
Didn't work for me. At 91 days, I was denied a CLI because they had extended all the credit that was allowed to me at that time, which was $25k on the More Rewards. I haven't applied for another card because I'm not interested in any of their other cards at this time
@@SledgeIncTeam cash rewards is a good companion card to the more Rewards. Use the more Rewards for everything it pays three points per dollar on like gasoline groceries restaurants Transit and then use your cash Rewards for everything else. You get 1.75% with direct deposit. Which is the best way to maximize your Rewards
@@sinned96 The thing is, I have 24 cards. I use the Amex Gold for restaurants and Groceries for 4x pts. Gas, I use the Sam's Club MasterCard for 5% cash back or the Hilton Surpass for 6x Hilton pts. Also I have the FNBO Evergreen, PayPal MasterCard and PenFed Power Cash Rewards which all give 2% cash back and the Amex Blue Business Plus that gives 2x pts for my business spend. I have the the Amex Platinum and the Charles Schwab Amex Platinum as well, so the Flagship card isn't an option for me either.
Number one is totally true don't sneak your way into Navy Federal. And another thing don't give your access number out to someone unless they meet the eligibility requirements. Because if they get audited or more likely when they get audited because eventually everybody does and they used your access number to fraudulently get into Navy Federal they will close your account down too
I waited 1 year and they approved ME for AMERICAN EXPRESS CARD WITH $1700 credit limit. Thank you NFCU. I stay with you. I love and proud banking with you.
It’s very good to have auto before I have NFCU , I paid my bills especially utilities and car personally. Unlucky I got a stroke and for everything, my car was repossessed my utilities were discontinued, and mint is still in the, too late to pay everything. It was a mess. Now I pay everything through auto pay . I doing well and I have NFCU. Thank you NFCU. NFCU ARE VERY HELPFUL.
Hello @Belen Velez, ohhh so sorry to hear about your stroke. It’s a blessing that you have recovered and it’s such a blessing in this new lease on life. Yes, kife can throw us a curve ball and all we can do is roll with it and have faith and hope. Despite the downs in life, there is always hope and I can see that you are making the best of it right now. My utmost appreciation and admiration for your resilience, despite the challenges you faced. Thanks for sharing this part of your journey. I appreciate you being here!🤩👌
Hello, @KidFlash! Thank you for your feedback. 🤓It is appreciated much! Indeed, it’s the only way I know how. Simple. 🤣 I appreciate you tuning in and subscribing! Have a great day ahead!
Number three. The pre qualification tool is highly inaccurate. Many people in our group have only been pre-qualified for the secured card went ahead and took the chance and got the unsecured card and again with a high limit. And quite a few people even after they got an unsecured card with Navy Federal they try the pre-qualification again and are only pre-qualified for the secured card. We always suggest go for the unsecured card first then if you get denied either wait for denial letter fix those reasons you were denied and try again. Or you could just go ahead and go for the secured card but you still can be denied for the secured card also
Hello Milt, @Milt Chamberlain, true. When you do decide you want to get a high limit credit card with NFCU and you feel you’re ready, doing the prequalification saves you a hard pull. Then of course, it will just be a matter of deciding if a high limit credit card that can boost your credit profile later, or leverage it dor an investment, etc., is worth the hard pull.🤓👌 Thanks for checking out the video!
It sure is inaccurate! Before I even started repairing my credit the pre qualification tool told me that I qualified for EVERY credit card they offered when in fact I was not qualified for either of them. I’ve since graduated and now have 2 cards with them. But yeah prequalifying is a hit or miss!
@@missymarbury thank you, i appreciate your input. 🤓👌 In general, really, i will always use the prequal tool before I would do anything with NFCU. It’s there for a reason.😁 Congratulations on your journey! You worked it and now you are on your way!🤩👍 Have a blessed day ahead!
@Newbeginnings, congratulations to you and your son!🎊🎉🍾 Both of you must have a great financial profile to begin with.🤓👌 Thanks for sharing an inspiring experience with your son.😁 Appreciate you tuning in!
Let's see as far as number two. I would say thousands of people in our group of 107,000 people have applied for a credit card on the same phone call they used when they joined. And received High limits. It's all based on your credit profile not your relationship with Navy Federal. A relationship may help you if have a weak credit profile.
@@mistermister8998 congratulations!🎈🎉🍾 you’re one if those exceptions 😆 but it does happen. It only shows how strong your personal credit profile is.🤓👌
I had my navy fed lay fallow for a decade after joining. Ive since closed out past accounts and have never looked back. Ive spread it to my family as well.
WOW I didn't know you were in Florida. Im glad you're ok. I've seen some videos from people and it looks pretty bad. Last year here in Louisiana we had it real bad with Hurricane IDA.
Hello, @Beezy Talking Shit, hahah indeed I am. 🤓We survived and was spared from the worst, in our are although we did get floodwaters that still messed up cars and properties close by. Ground Zero for Ian indeed is pretty bad. Oh, so you know what it’s like, too. Thanks for checking in and have a great day ahead!🤩👍
@@motionzbiz5814 Glad yall are safe. Yes im use to hurricanes. Katrina was when I was in high school. Been dealign with this most of my life. No power and water sucks but im use to it. I have a quick question, a RUclipsr told me I can check my internal score by checking the portal. I don't know what that means? Do you? I thought only way to check your internal score was to apply for an credit card?
Hello, @Beezy Talking Shit, haah that’s good that nothing fazes you when it comes to hurricanes.😂👍 Wow, that’s news to me, being able to check internal score in the portal. If indeed that’s possible, I better be on that portal tonight to check it out. And if ever i found out anything about it, you bet that will be shared here in iir community. 🤩👍 Thanks again!
Glad you're safe. Thanks for all the helpful videos. Question: I make deposits because my job only issues paper checks. Do you think this is bad or maybe a hindrance?
Hello Ms. TiJai, you are welcome! And yes, blessed to be safe. Thank you! No, it’s not a hindrance. Because it still shows your employers information. 😄 Paper checks deposits are Okay. Cash is Ok too, to a certain amount that they won’t think it’s money laundering.😄 Thanks again and have an amazing day!
Making a video during a hurricane! And, I thought 21 years of military service was tough. In order to increase my 1 year relationship with NFCU, I transferred 4 government monthly deposits from USAA to NFCU. USAA had inferior products, lower interest rates, and worse customer service.
Hello, @Pura Vida, 🤣🤣🤣 thank you! And thank you for your service as well,sir! That is a very smart move. And you will see the difference. My brother in law who sponsored me into NFCU was with USAA 35 years. He did not have a NFCU account until he did a joint account with me to get me into Navy Federal. Because he thought that was the way to grant me my request to be sponsored into NFCU 🤣 He benefitted from the profile I built with NFCU. He did no activity on that account. When I applied for fpr the Cash Rewards, I also told him to apply. His scores were not great. Mid 600s. Got approved for 25K first try. So now, he does two direct deposits as well. 😁 When I applied for the Flagship, i got 25 and he got 10k or 15k i think. He’s happy and daid he never had limits that high with USAA. Thanks for sharing this, I can relate. Appreciate you for tuning in!🤩👌
@@canwejustloveeachother2550 you are most welcome.🤓 I appreciate yiu finding this channel as well. Look forward to hearing about your journey as well.😄👍
Thank you, @hedgefund996, For your kind feedback. 🤓👍 hope you can also share personal experiences with nfcu that can be helpful to our community members. Much appreciated! Have a great evening! 😍❤️
That 91 day rule didn't work for me. They started me with $25k but I was denied a CLI after 91 days. But since then, they've given me 2 $2k increases without me asking so I'm at $29k now. Also, I am in FL too but Ian missed my area
Hello, @SledgeIncTeam, that’s good Ian missed your area.🙏 Anyway, congratulations on your 25K, and 2 2K automatic CLIs. NFCU actually likes you! That’s more than indication that they noticed your profile. It’s just a matter of time, you’ll be fine. Thanks for sharing this with us!🤩👌
@@motionzbiz5814 I requested $8k and they weren't going for it 😅. It's all good. I have 24 cards and I wanted the extra credit but really didn't need it
@@motionzbiz5814 I don't have any loans with NFCU, I only have $40 in my savings account. I do transfer money in and out of the checking account to maintain the relationship. But I don't keep any real money in their account because any money that I don't invest is kept in High Yield accounts so that I'm actually making money. NFCU dividends are too low
Not yet a member but have plans to do so through the “roomate” option of those that served. One way of getting a membership legitimately with Navy Fed.
Hello John! @John Avecilla, yes, that definitely works.👌🤓 All the best to you and do share your NFCU journey once you are a member, okay? And anything you also want to share as you go along.🤩👌
You have the platform to let people know that in some cases it can take 1 to 3 days for money to transfer from your bank to Navy Federal Credit Union. I had to find that out the hard way. Also when New to NfCU you can not make deposits to your account for 30 days No one mentions that in there videos😢
Hello, @kelvingreen2288, this is amazing input, as indeed, you are correct about the money transfer, and the deposit. Thank you! I will put together a video about this. I have experienced this as well, but never thought about doing a video to share. I very much appreciate you for this. I definitely will share this in a video in the next few days. 🤓👍 Again, thank you sincerely and I thank you for checking out this video. Have a great evening!
Thank you so much for your reply and also thank you for your knowledge don't get me wrong I'm loving NFCU but when I ran into some issues I said to myself nobody talks about this thank you 👌
Thank you Kelvin, you are right. And I appreciate feedback like yours, as it gives me a chance to talk about it here. @kelvingreen, thank you very much!👌🤓
I applied for an account online 7/10. I transferred $10 from Bank of America account to open. I closed saving account at BOA and received a certified check. Yesterday (7/14) I took the check to a NFCU location and deposited it in my new account (4 days after opening - I would have done sooner but I was at a conference). I did not have to wait 30 days.
This is Misinformation, I signed up for my account and that exact day I went to the branch and picked up my debit card and deposited a large sum of cash from my Wells Fargo, then I transferred the rest and that took 2 business days.
Hello, @Belen Velez, congratulations on your membership and kudos to your military families as well. ❤️ You are in a good spot with NFCU. NFCU was formed because of military families like yours. Thanks for sharing this with us!👌🤩
I dont know about this relationship building thing, if u lots of money in ur accounts and have a good credit profile I cant see how that wud effect getting loans from them period.
@Ticonderoga12, sure you can, with NFCU. 👍🤓 How much you can avail though, will be limited. And you can still get denied, for some products, if you haven’t made an effort building a relationship, just like with any other bank. Not just NFCU. Navy Federal is unique, and they have their own internal credit score. You can have a great personal credit profile, but you can have a low nfcu internal credit score (they score from 100-450). The internal credit score include your banking relationship with them. Savvy NFCU members know this, and know the ways to build up this internal credit score. Relationship building with NFCU is also especially helpful for those who are rebuilding credit, students building credit and credit beginners. On the other hand, if you have lots of money, then you won’t really need to ask for their credit card or ask for loans from NFCU anyway, so building a relationship with NFCU is not necessary in these circumstances. Thanks for sharing your perspective.🤓🤩
Hi. Personal experience. Did secured card graduated to unsecured. I used the card on a rental car for the accident protection. I ended up having the car for a while and the company was supposed to use the card so funds I put aside to rent the car but they put it all in my NFCU unsecured card. This put my credit balance like 500$ over my credit limit. It literally happened on the day they report so it reported for a bill cycle. How do I recover? I feel like unless the credit limit is increased, NFCU will see I have a balance greater than my limit and scorn me forever 😿. How do I get my internal score btw 🐸 Thanks 🙏
Hahahah @GrouchoSplinter, I appreciate your openness and I can see why you went over the limit. Just make sure you pay that off as quick as feasible. Your score will suffer a bit during the time that your utilization is high. If you have lower likot credit cards, pay that off to $0 so it can help your score. Once you have lowered your utilization, it brings your score back up. You can only get your internal score when you applied for a new credit card. It will come with the paperwork you receive with a new credit card. And that score is for that application only. You can find your internal score on the back of page 1. NFCU will provide that if you have a high interest rate. If you got a low interest rate, you will not see your internal credit score there. But you can Emessage NFCU and ask for it. 🤓👌 Hope this helps!🤩👌
Hello Mike, @mikesanders3752, good question. 🤓👌 It seems that the 91/3 rule is more for the personal credit cards. With my experience with the Gobiz business credit card, it did not seem to matter. I was approved for the Gobiz, not even a month or so right after I got approved for the cash rewards credit card. So, it seems like the 91/3 did not matter or did not relate to the business side of NFCU. Glad you asked this question as there have been a few who messaged me about this. 😄 Thank you and have a great day!🌞
@@motionzbiz5814 I was told by navy federal that you can’t and that I needed to find another bank, and the same with USAA and it sucks because I’ve been with them since basic training back in 2006 but with Navy federal since 2018
@Edwin, my apologies, did not see your comment here until today’s review. 🤓 I can see why they would. Just the banking system and processes itself if they know you are going back for good. Still, you have many options for banks. Good luck and enjoy revisiting 🇵🇭 again! Thank you and enjoy a great weekend!
Hello, @user-uh7uo5xb5v, you would know your relative better, and just be truthful about your affiliation with a relative in the military so you won’t have any problems with NFCU later, okay? Thanks!🤩👌
Will it look bad if you hit the pre-qualify a lot for the credit cards? I don't mean multiple times a day, just a few times a week. I know it's a soft pull and not a hard one, so I figured it'd be safe and no harm would come to your credit if you do it many times. But please correct me if I'm wrong.
Hello, @munky826, you’ll be fine, just keep it reasonable like maybe 3 x a week to see if you finally got a prequal. I have known of members who did this. 🤓👍 They did not qualify the first two tries and then tried again and got prequalified fpr a credit card, unsecured. 😁 Good question! Have a good evening to you!
@@motionzbiz5814 thanks so much for the reply 😃 I have the secure card, which I got last week, I have a very, very long way to go. But I have my flagship checking account funded, my savings, 3 certificates, and well, I’m really hoping that I’ll be able to rebuild my credit postpandemic with Navy Federal. Honestly, being eligible for a high limit unsecured credit card will go a long way and help me with my business ventures too. I only just opened my Navy Federal account maybe 3 weeks ago. I subscribe to your channel as well, thanks for the great content!
@@munky826 congratulations 🍾🎊🎈! Being a nfcu member opens up opportunities fpr profile building especially post pandemic. 🤓👍 We have all been affected by it one way or the other. You taking the steps to rebuild, is what matters. It always starts with initiative towards your goal. Good for you! Just keep at it. It will make a big difference later. You will get results.👍 The fact that you were approved fpr a secured credit card is a thumbs up from NFCU, that they are giving you a chance. Manage that card very well. Lo utilization, on time payments. Put the minimum payment on auto pay, and do additional payments as well. Just small transfers from your checking to that secured credit card on your app. All the best and would love to hear your journey and wins with Navy Federal!🤩👍
@@motionzbiz5814 Thank you, and absolutely would love to share my journey. I was officially approved membership on April 21, and even though my Fico score is barely 500 right now, I’m hoping soon, with all the suggestions that you’ve provided and taking advantage Of the products that I am eligible for Will prove my worth and seriousness to them. My internal score was provided to me last week because I had applied for a personal loan, and it was a 145. I received another letter today because there was an offer for their AMEX rewards card, and I thought that because it was a promotion I may be eligible. Anyways, I wasn’t approved, but my internal score did go up to 157. So that’s a small win in my book, and I’ll take it! lol 😊
Hello, @munky826, you have an inspiring journey.🤩👍 Your positive attitude, resilience, coupled with action, will no doubt, get you where you need to goa. Just keep it up towards your goals. You are in the right track. You will get there!👍🤩 Have a blessed day ahead!
Hi, I'm really learning a lot watching your videos. I've been NFCU member since early April. I immediately started direct deposit. I have a small pledge loan that I paid 90% of right away and certificate. I want to apply for a car loan in a few months but wanted to ask if it's a bad idea to apply for a n rewards card now? I got pre-approved, however I may not be approved for the actual card. I need a car loan more than a credit card. Suggestions please?
Hello Karla! Congratulations on you getting started with building your profile. 👌😄 you are on the right track. Did you try to do a prequal on the NFCU cards and did you see which credit cards you qualified for? If you are planning to buy a car in a few months, better work at boosting your personal credit profile as well by starting with a credit card. I would still go ahead and see if you can get a credit card because you can have an additional account, that if you pay regularly on auto pay and with low utilization, you can still have a few months to boost your credit. By the time you buy a car, at least you have a bit more tradeline reporting on time payments and low utilization which can boost your credit some. With NFCU, they are very lenient with auto loans as they understand its a necessity. They have manual underworld for that which will look at evey aspect of your credit profile both your personal credit, income, number if accounts and NFCU products you use, and internal credit score. Just something to think about, okay? Take carr and keep me posted!🤩👍
Hi opened a Navy Federal account in Nov and my 1st direct deposit when on DECEMBER . I MISSED UP LISTENING TO THE WRONG PERSON. & DID AN PERSONAL LOAN APPPLICATION AND GOT DENIED , SO NOW HAVE INQUIRIES ON FILE- HOW CAN WAIT TO TRY TO TRY FOR A CRIEDT CARD
@@nieshiawilliams1339 hello, Neishia! Sorry to hear about that. No worries, just continue to work on building your profile with NFCU. The direct deposit is a good start. Also consider doing a Pledged loan, as it builds both your personal credit profile and profile with NFCU as well. Just give it about three months while you are working on boosting your credit profile. Also consider opening up more accounts or products with NFCU. Then on the third month, do a prequalification for the credit cards and see what comes up. If you prequalified, go for the Cash Rewards first as that is most generous for a first card NFCU. The personal loan is something you can do once you have nore history with navy federal and they can see how you handle your credit cards. You can always try for a personal loan in the future. You still have a chance even if you got denied your first try.🤓🤩👌 Good luck on your journey as well and do let me know of your progress, ok?
I will ask around, @edwinhernandez7954. I’m just surprised because there are a lot of folks living out of the country, servicemen especially who still bank with NFCU ecen if they have lived out of the country fpr so long. Hope someone in our community who experienced this and knows about it can share their insight as well. Thanks again!👌🤓
@edwinhernandez7954, thanks for sharing this information. I haven’t heard anything like this at all. But since you talked to them and this is the case, interesting indeed.🤓
@DK W, congratulations!🎊🎈🍾 I really have no personal experience with how long do you have to wait before you do a personal loan. However, you can call customer support, a few times so you can get different opinions or answers and see what the concensus is.😄 Won’t hurt to ask.🤓👌🤩
@TebTengri, yes, if you are approved for an increase, you count and wait 6 months, after that before you can ask for a second credit limit increase. Make sure that you count 91 days or 100 days before you apply for an increase. Billing statements, even if you have 3, one may be a partial statement and can be a reason for denial. Thanks!🤓
Number five is 100% true no late payments on any accounts not just Navy Federal. Most creditors will frown if they see late payments. So don't be late. An easy way not to be late is to forget about your due date pay at least your minimum balance preferably your statement balance in full as soon as you get your statement. Remember your bill whether it's your credit card electricity cell phone is not due on the due date it's due when you receive it. The due date is just the last day you can pay it without being considered late. I guarantee if you start paying your bills as soon as you receive them you'll never have a late payment
Thanks, @sinned96, for this tip and advice. So true. 🤓👌
On time payments also comprise quite a large percentage of a credit score on the personal credit profile and can affect scores significantly.
Thanks for sharing and appreciate you chiming in.🤩👌
I used to be like that… but I thought there’s more important things in life… now I realize how wrong I was
Its never too late to improve on that. @OfftoShambala. All the best to you!👌🤩
Number four. It's called the 91/3 rule. 91 days and three full statements before you apply for your 2nd or 3rd credit card. One day early you'll be denied. Better to Be on the safe side give it 92, 93 days. 91/3 also applies to your first credit limit increase on your credit card. Any other credit limit increases on that particular card you have to wait 181 days or 6 months.
Another great insight shared. This is so true, @sinned96. This is especially true for new NFCU members who are not aware of how the NFCU timelines are.
The 181 days or 6 months after the first CLI is also relevant to know.
I might share a video just for this particular info as I did get quite a few questions about this.
Thanks again and have a great day!🤩
Didn't work for me. At 91 days, I was denied a CLI because they had extended all the credit that was allowed to me at that time, which was $25k on the More Rewards. I haven't applied for another card because I'm not interested in any of their other cards at this time
@@SledgeIncTeam cash rewards is a good companion card to the more Rewards. Use the more Rewards for everything it pays three points per dollar on like gasoline groceries restaurants Transit and then use your cash Rewards for everything else. You get 1.75% with direct deposit. Which is the best way to maximize your Rewards
@@sinned96 The thing is, I have 24 cards. I use the Amex Gold for restaurants and Groceries for 4x pts. Gas, I use the Sam's Club MasterCard for 5% cash back or the Hilton Surpass for 6x Hilton pts.
Also I have the FNBO Evergreen, PayPal MasterCard and PenFed Power Cash Rewards which all give 2% cash back and the Amex Blue Business Plus that gives 2x pts for my business spend.
I have the the Amex Platinum and the Charles Schwab Amex Platinum as well, so the Flagship card isn't an option for me either.
Number one is totally true don't sneak your way into Navy Federal. And another thing don't give your access number out to someone unless they meet the eligibility requirements. Because if they get audited or more likely when they get audited because eventually everybody does and they used your access number to fraudulently get into Navy Federal they will close your account down too
Thank you for this information Dennis, @sinned96, always helpful and willing to share valuable info here.🤩👌
Thanks for checking in!
Everybody doesn’t get audited😑They only audit suspicious accounts and activity.
I waited 1 year and they approved ME for AMERICAN EXPRESS CARD WITH $1700 credit limit. Thank you NFCU. I stay with you. I love and proud banking with you.
@Belen Velez, again, you are on the right track with NFCU. 🤓👌🤩
I am a big fan as well.
Thank you for tuning in and enjoy the rest of your afternoon!🤓🤩
It’s very good to have auto before I have NFCU , I paid my bills especially utilities and car personally. Unlucky I got a stroke and for everything, my car was repossessed my utilities were discontinued, and mint is still in the, too late to pay everything. It was a mess. Now I pay everything through auto pay . I doing well and I have NFCU. Thank you NFCU. NFCU ARE VERY HELPFUL.
Hello @Belen Velez, ohhh so sorry to hear about your stroke. It’s a blessing that you have recovered and it’s such a blessing in this new lease on life.
Yes, kife can throw us a curve ball and all we can do is roll with it and have faith and hope. Despite the downs in life, there is always hope and I can see that you are making the best of it right now. My utmost appreciation and admiration for your resilience, despite the challenges you faced.
Thanks for sharing this part of your journey. I appreciate you being here!🤩👌
Great NavyFed video. Your videos are simple, to the point, and easy to understand. Appreciate your work. Just subscribed. - Thank You.
Hello, @KidFlash! Thank you for your feedback. 🤓It is appreciated much! Indeed, it’s the only way I know how. Simple. 🤣
I appreciate you tuning in and subscribing!
Have a great day ahead!
@timmauro123
👌🤓
Number three. The pre qualification tool is highly inaccurate. Many people in our group have only been pre-qualified for the secured card went ahead and took the chance and got the unsecured card and again with a high limit. And quite a few people even after they got an unsecured card with Navy Federal they try the pre-qualification again and are only pre-qualified for the secured card. We always suggest go for the unsecured card first then if you get denied either wait for denial letter fix those reasons you were denied and try again. Or you could just go ahead and go for the secured card but you still can be denied for the secured card also
Another good tip, @sinned96. 👌🤓this is so true!
Appreciate you sharing helpful info.👌🤓
I wanna do this but i absolutely hate wasting hard pulls
Hello Milt, @Milt Chamberlain, true.
When you do decide you want to get a high limit credit card with NFCU and you feel you’re ready, doing the prequalification saves you a hard pull.
Then of course, it will just be a matter of deciding if a high limit credit card that can boost your credit profile later, or leverage it dor an investment, etc., is worth the hard pull.🤓👌
Thanks for checking out the video!
It sure is inaccurate! Before I even started repairing my credit the pre qualification tool told me that I qualified for EVERY credit card they offered when in fact I was not qualified for either of them. I’ve since graduated and now have 2 cards with them. But yeah prequalifying is a hit or miss!
@@missymarbury thank you, i appreciate your input. 🤓👌
In general, really, i will always use the prequal tool before I would do anything with NFCU. It’s there for a reason.😁
Congratulations on your journey! You worked it and now you are on your way!🤩👍
Have a blessed day ahead!
My Son opened checking and applied for credit card online within minutes and got approved right away! Lol
@Newbeginnings, congratulations to you and your son!🎊🎉🍾
Both of you must have a great financial profile to begin with.🤓👌
Thanks for sharing an inspiring experience with your son.😁
Appreciate you tuning in!
You have to build your relationship as you build your credit profile. It will pay off in the long run. Glad to know you are safe@ Motion Biz.😇
Thank you, @Ms. DC, good tip and advice. 👌🤩 thanks for sharing!
And I appreciate you for tuning in!
Let's see as far as number two. I would say thousands of people in our group of 107,000 people have applied for a credit card on the same phone call they used when they joined. And received High limits. It's all based on your credit profile not your relationship with Navy Federal. A relationship may help you if have a weak credit profile.
Thanks!👌🤓
@@mistermister8998 congratulations!🎈🎉🍾 you’re one if those exceptions 😆 but it does happen.
It only shows how strong your personal credit profile is.🤓👌
@@mistermister8998 thank you, and know that I appreciate your feedback. Congratulations on a great credit score as well!🤓👌
I had my navy fed lay fallow for a decade after joining. Ive since closed out past accounts and have never looked back. Ive spread it to my family as well.
Thank you for sharing this NFCU experience. 👌🤓
Appreciated, @Charles Schmuckatelli, and have a great day!
Good evening! Another GREAT video as usual!!! Please keep them coming.
TWO THUMBS UP!!!! 👍👍
Thanks E! @E Brown, appreciate you for tuning in!
Have a great evening, and best regards!🤩👌
Thank you and glad to know you are safe🙏🏽
Thank you, Agnes! Appreciate you checking in!🤩 do take care as well!
WOW I didn't know you were in Florida. Im glad you're ok. I've seen some videos from people and it looks pretty bad. Last year here in Louisiana we had it real bad with Hurricane IDA.
Hello, @Beezy Talking Shit, hahah indeed I am. 🤓We survived and was spared from the worst, in our are although we did get floodwaters that still messed up cars and properties close by.
Ground Zero for Ian indeed is pretty bad.
Oh, so you know what it’s like, too.
Thanks for checking in and have a great day ahead!🤩👍
@@motionzbiz5814 Glad yall are safe. Yes im use to hurricanes. Katrina was when I was in high school. Been dealign with this most of my life. No power and water sucks but im use to it. I have a quick question, a RUclipsr told me I can check my internal score by checking the portal. I don't know what that means? Do you? I thought only way to check your internal score was to apply for an credit card?
Hello, @Beezy Talking Shit, haah that’s good that nothing fazes you when it comes to hurricanes.😂👍
Wow, that’s news to me, being able to check internal score in the portal.
If indeed that’s possible, I better be on that portal tonight to check it out. And if ever i found out anything about it, you bet that will be shared here in iir community. 🤩👍
Thanks again!
@@motionzbiz5814 Thanks so much. Let me know what you find.
@@beezytalkingshit9319 I definitely will! Thanks for the tip!🤩👌
Hey motion Biz good to know u are all as well take care thanks for the content.
Hello, Mykiea! @Mykiea August, thank you!🙏🤩 appreciate you tuning in!
Have a great evening ahead!
I’m glad you are safe in Florida! ❤
@Robert Bowns, thank you! 🙏🤓 appreciate you checking in.👌🤓 have a great evening!
@@motionzbiz5814 your welcome 🙏🏿
@@robertbowns9390 have a great evening!👌🤩
Glad you're safe.
Thanks for all the helpful videos. Question: I make deposits because my job only issues paper checks. Do you think this is bad or maybe a hindrance?
Hello Ms. TiJai, you are welcome! And yes, blessed to be safe. Thank you!
No, it’s not a hindrance. Because it still shows your employers information. 😄
Paper checks deposits are Okay. Cash is Ok too, to a certain amount that they won’t think it’s money laundering.😄
Thanks again and have an amazing day!
@@motionzbiz5814 of course cash is always money laundering 🤮… you sound like a Nazi minion
Making a video during a hurricane! And, I thought 21 years of military service was tough. In order to increase my 1 year relationship with NFCU, I transferred 4 government monthly deposits from USAA to NFCU. USAA had inferior products, lower interest rates, and worse customer service.
Hello, @Pura Vida, 🤣🤣🤣 thank you! And thank you for your service as well,sir!
That is a very smart move. And you will see the difference. My brother in law who sponsored me into NFCU was with USAA 35 years.
He did not have a NFCU account until he did a joint account with me to get me into Navy Federal. Because he thought that was the way to grant me my request to be sponsored into NFCU 🤣
He benefitted from the profile I built with NFCU. He did no activity on that account. When I applied for fpr the Cash Rewards, I also told him to apply. His scores were not great. Mid 600s. Got approved for 25K first try.
So now, he does two direct deposits as well. 😁
When I applied for the Flagship, i got 25 and he got 10k or 15k i think. He’s happy and daid he never had limits that high with USAA.
Thanks for sharing this, I can relate.
Appreciate you for tuning in!🤩👌
I'm so glad you're safe, love. Praise the Most High
Thank you, @Can We Just Love Each Other, thank you! Indeed, feel very blessed indeed.🤩
Thank you as well and have a great day ahead!
@@motionzbiz5814 I'm new to your channel and you give amazing info. Stay safe and in His Care
@@canwejustloveeachother2550 you are most welcome.🤓 I appreciate yiu finding this channel as well.
Look forward to hearing about your journey as well.😄👍
Don’t apply or prequalify for a credit card upon opening. My friend was denied with a 667 credit score and only offered the secured card.
Hello, @carmenmich, thanks for sharing this friend’s experience with us.🤓
Have a great day ahead!
Great information 👍
Thanks, Gio! @Gio Renaud, thanks for checking in! Have a great day ahead!🤩☀️
🙏🏾🙏🏾You all are safe.
@Fefe ASP, thank you, our area was soared aside from flooding still in some areas. 🤓
Appreciate you checking in!
Have a great day ahead!🤩☀️👌
Good Content
Thank you, @hedgefund996, For your kind feedback. 🤓👍 hope you can also share personal experiences with nfcu that can be helpful to our community members.
Much appreciated! Have a great evening! 😍❤️
Glad your safe
@Ratutam Buy’s houses, thank you! Blessing indeed to be thankful for.
Appreciate you checking in! Have an amazing day ahead!🤩☀️👍
@@motionzbiz5814 you too !! Be safe
Thank you! Appreciate you much!
@timmauro123
That 91 day rule didn't work for me. They started me with $25k but I was denied a CLI after 91 days. But since then, they've given me 2 $2k increases without me asking so I'm at $29k now.
Also, I am in FL too but Ian missed my area
Hello, @SledgeIncTeam, that’s good Ian missed your area.🙏
Anyway, congratulations on your 25K, and 2 2K automatic CLIs. NFCU actually likes you!
That’s more than indication that they noticed your profile.
It’s just a matter of time, you’ll be fine.
Thanks for sharing this with us!🤩👌
@@motionzbiz5814 I requested $8k and they weren't going for it 😅. It's all good. I have 24 cards and I wanted the extra credit but really didn't need it
@@motionzbiz5814 I don't have any loans with NFCU, I only have $40 in my savings account. I do transfer money in and out of the checking account to maintain the relationship. But I don't keep any real money in their account because any money that I don't invest is kept in High Yield accounts so that I'm actually making money. NFCU dividends are too low
@@SledgeIncTeam hahaha I know! You already got a 29K limit plus your others. Can’t beat that.🤓👌🤩
love you're videos..thanks
hello Damien! @Damien H., thank you!🤩
I appreciate you checking out my videos.👌
Have a great day ahead!
@@motionzbiz5814 stay safe 🙏
Thank you Damien! And likewise, be well!👌🤓
Not yet a member but have plans to do so through the “roomate” option of those that served. One way of getting a membership legitimately with Navy Fed.
Hello John! @John Avecilla, yes, that definitely works.👌🤓
All the best to you and do share your NFCU journey once you are a member, okay? And anything you also want to share as you go along.🤩👌
You have the platform to let people know that in some cases it can take 1 to 3 days for money to transfer from your bank to Navy Federal Credit Union. I had to find that out the hard way. Also when New to NfCU you can not make deposits to your account for 30 days No one mentions that in there videos😢
Hello, @kelvingreen2288, this is amazing input, as indeed, you are correct about the money transfer, and the deposit.
Thank you!
I will put together a video about this. I have experienced this as well, but never thought about doing a video to share.
I very much appreciate you for this. I definitely will share this in a video in the next few days. 🤓👍
Again, thank you sincerely and I thank you for checking out this video.
Have a great evening!
Thank you so much for your reply and also thank you for your knowledge don't get me wrong I'm loving NFCU but when I ran into some issues I said to myself nobody talks about this thank you 👌
Thank you Kelvin, you are right. And I appreciate feedback like yours, as it gives me a chance to talk about it here.
@kelvingreen, thank you very much!👌🤓
I applied for an account online 7/10. I transferred $10 from Bank of America account to open. I closed saving account at BOA and received a certified check. Yesterday (7/14) I took the check to a NFCU location and deposited it in my new account (4 days after opening - I would have done sooner but I was at a conference). I did not have to wait 30 days.
This is Misinformation, I signed up for my account and that exact day I went to the branch and picked up my debit card and deposited a large sum of cash from my Wells Fargo, then I transferred the rest and that took 2 business days.
Praise God Hallelujah 🙏🙏 Amen!!
Thank you Andre! @Andre Williams, appreciate you! And have a blessed day as well!🤩☀️
I was approved for enrollment because of we are military families and direct deposit my CRSR RETIREMENT INCOME FROM THE GOVERNMENT.
Hello, @Belen Velez, congratulations on your membership and kudos to your military families as well. ❤️
You are in a good spot with NFCU. NFCU was formed because of military families like yours.
Thanks for sharing this with us!👌🤩
I dont know about this relationship building thing, if u lots of money in ur accounts and have a good credit profile I cant see how that wud effect getting loans from them period.
@Ticonderoga12, sure you can, with NFCU. 👍🤓 How much you can avail though, will be limited. And you can still get denied, for some products, if you haven’t made an effort building a relationship, just like with any other bank. Not just NFCU.
Navy Federal is unique, and they have their own internal credit score. You can have a great personal credit profile, but you can have a low nfcu internal credit score (they score from 100-450). The internal credit score include your banking relationship with them. Savvy NFCU members know this, and know the ways to build up this internal credit score.
Relationship building with NFCU is also especially helpful for those who are rebuilding credit, students building credit and credit beginners.
On the other hand, if you have lots of money, then you won’t really need to ask for their credit card or ask for loans from NFCU anyway, so building a relationship with NFCU is not necessary in these circumstances.
Thanks for sharing your perspective.🤓🤩
Hi. Personal experience.
Did secured card graduated to unsecured.
I used the card on a rental car for the accident protection. I ended up having the car for a while and the company was supposed to use the card so funds I put aside to rent the car but they put it all in my NFCU unsecured card.
This put my credit balance like 500$ over my credit limit. It literally happened on the day they report so it reported for a bill cycle. How do I recover? I feel like unless the credit limit is increased, NFCU will see I have a balance greater than my limit and scorn me forever 😿.
How do I get my internal score btw 🐸
Thanks 🙏
Hahahah @GrouchoSplinter, I appreciate your openness and I can see why you went over the limit.
Just make sure you pay that off as quick as feasible. Your score will suffer a bit during the time that your utilization is high. If you have lower likot credit cards, pay that off to $0 so it can help your score.
Once you have lowered your utilization, it brings your score back up.
You can only get your internal score when you applied for a new credit card. It will come with the paperwork you receive with a new credit card. And that score is for that application only.
You can find your internal score on the back of page 1. NFCU will provide that if you have a high interest rate.
If you got a low interest rate, you will not see your internal credit score there. But you can Emessage NFCU and ask for it. 🤓👌
Hope this helps!🤩👌
Thank you baby.....
Thank you, Tony!🤩👌 appreciate you checking in.👌🤓
How does the 91/3 rule apply when using business / personal credit. For example applying for a business card and then a personal card.
Hello Mike, @mikesanders3752, good question. 🤓👌
It seems that the 91/3 rule is more for the personal credit cards.
With my experience with the Gobiz business credit card, it did not seem to matter. I was approved for the Gobiz, not even a month or so right after I got approved for the cash rewards credit card.
So, it seems like the 91/3 did not matter or did not relate to the business side of NFCU.
Glad you asked this question as there have been a few who messaged me about this. 😄
Thank you and have a great day!🌞
It’s too bad that I can’t take my navy federal account when I move to the Philippines 🇵🇭 for good
Hello Edwin! @edwinhernandez7954, awwwww so is there a reason why you can’t?
Would be a good topic for discussion. 🤓👌
@@motionzbiz5814 I was told by navy federal that you can’t and that I needed to find another bank, and the same with USAA and it sucks because I’ve been with them since basic training back in 2006 but with Navy federal since 2018
@Edwin, my apologies, did not see your comment here until today’s review. 🤓
I can see why they would. Just the banking system and processes itself if they know you are going back for good.
Still, you have many options for banks. Good luck and enjoy revisiting 🇵🇭 again! Thank you and enjoy a great weekend!
I pray that you all are okay 🙏🏾❤️
Thank you, @Dnell68, we survived, praise God! And thanks as well and have a blessed day ahead!👌🤓
@@motionzbiz5814 Amen !!!!
Thanks so much, @Dnell68, all blessings to you!👌🤓
When signing up i was told uncle in the military won’t cut it, what if my uncle was actually my grandfather? is that still a lie
Hello, @user-uh7uo5xb5v, you would know your relative better, and just be truthful about your affiliation with a relative in the military so you won’t have any problems with NFCU later, okay?
Thanks!🤩👌
Will it look bad if you hit the pre-qualify a lot for the credit cards? I don't mean multiple times a day, just a few times a week. I know it's a soft pull and not a hard one, so I figured it'd be safe and no harm would come to your credit if you do it many times. But please correct me if I'm wrong.
Hello, @munky826, you’ll be fine, just keep it reasonable like maybe 3 x a week to see if you finally got a prequal. I have known of members who did this. 🤓👍
They did not qualify the first two tries and then tried again and got prequalified fpr a credit card, unsecured. 😁
Good question!
Have a good evening to you!
@@motionzbiz5814 thanks so much for the reply 😃 I have the secure card, which I got last week, I have a very, very long way to go. But I have my flagship checking account funded, my savings, 3 certificates, and well, I’m really hoping that I’ll be able to rebuild my credit postpandemic with Navy Federal. Honestly, being eligible for a high limit unsecured credit card will go a long way and help me with my business ventures too. I only just opened my Navy Federal account maybe 3 weeks ago. I subscribe to your channel as well, thanks for the great content!
@@munky826 congratulations 🍾🎊🎈! Being a nfcu member opens up opportunities fpr profile building especially post pandemic. 🤓👍
We have all been affected by it one way or the other.
You taking the steps to rebuild, is what matters. It always starts with initiative towards your goal. Good for you!
Just keep at it. It will make a big difference later. You will get results.👍
The fact that you were approved fpr a secured credit card is a thumbs up from NFCU, that they are giving you a chance.
Manage that card very well. Lo utilization, on time payments. Put the minimum payment on auto pay, and do additional payments as well.
Just small transfers from your checking to that secured credit card on your app.
All the best and would love to hear your journey and wins with Navy Federal!🤩👍
@@motionzbiz5814 Thank you, and absolutely would love to share my journey. I was officially approved membership on April 21, and even though my Fico score is barely 500 right now, I’m hoping soon, with all the suggestions that you’ve provided and taking advantage Of the products that I am eligible for Will prove my worth and seriousness to them. My internal score was provided to me last week because I had applied for a personal loan, and it was a 145. I received another letter today because there was an offer for their AMEX rewards card, and I thought that because it was a promotion I may be eligible. Anyways, I wasn’t approved, but my internal score did go up to 157. So that’s a small win in my book, and I’ll take it! lol 😊
Hello, @munky826, you have an inspiring journey.🤩👍
Your positive attitude, resilience, coupled with action, will no doubt, get you where you need to goa.
Just keep it up towards your goals.
You are in the right track.
You will get there!👍🤩
Have a blessed day ahead!
Hi, I'm really learning a lot watching your videos. I've been NFCU member since early April. I immediately started direct deposit. I have a small pledge loan that I paid 90% of right away and certificate. I want to apply for a car loan in a few months but wanted to ask if it's a bad idea to apply for a n rewards card now? I got pre-approved, however I may not be approved for the actual card. I need a car loan more than a credit card. Suggestions please?
Hello Karla! Congratulations on you getting started with building your profile. 👌😄 you are on the right track.
Did you try to do a prequal on the NFCU cards and did you see which credit cards you qualified for?
If you are planning to buy a car in a few months, better work at boosting your personal credit profile as well by starting with a credit card. I would still go ahead and see if you can get a credit card because you can have an additional account, that if you pay regularly on auto pay and with low utilization, you can still have a few months to boost your credit.
By the time you buy a car, at least you have a bit more tradeline reporting on time payments and low utilization which can boost your credit some.
With NFCU, they are very lenient with auto loans as they understand its a necessity. They have manual underworld for that which will look at evey aspect of your credit profile both your personal credit, income, number if accounts and NFCU products you use, and internal credit score.
Just something to think about, okay?
Take carr and keep me posted!🤩👍
@@motionzbiz5814 this makes sense. Thanks a bunch, appreciate your help.
Hello Karla! @Karla Crawford, thank you! 😄 I appreciate you checking out this video.🤩👍
Hi opened a Navy Federal account in Nov and my 1st direct deposit when on DECEMBER . I MISSED UP LISTENING TO THE WRONG PERSON. & DID AN PERSONAL LOAN APPPLICATION AND GOT DENIED , SO NOW HAVE INQUIRIES ON FILE- HOW CAN WAIT TO TRY TO TRY FOR A CRIEDT CARD
@@nieshiawilliams1339 hello, Neishia! Sorry to hear about that.
No worries, just continue to work on building your profile with NFCU. The direct deposit is a good start.
Also consider doing a Pledged loan, as it builds both your personal credit profile and profile with NFCU as well.
Just give it about three months while you are working on boosting your credit profile. Also consider opening up more accounts or products with NFCU.
Then on the third month, do a prequalification for the credit cards and see what comes up. If you prequalified, go for the Cash Rewards first as that is most generous for a first card NFCU.
The personal loan is something you can do once you have nore history with navy federal and they can see how you handle your credit cards.
You can always try for a personal loan in the future. You still have a chance even if you got denied your first try.🤓🤩👌
Good luck on your journey as well and do let me know of your progress, ok?
Let’s talk about that please why I need to cancel my account with Navy federal account because I want to live in the Philippines with my wife
I will ask around, @edwinhernandez7954.
I’m just surprised because there are a lot of folks living out of the country, servicemen especially who still bank with NFCU ecen if they have lived out of the country fpr so long.
Hope someone in our community who experienced this and knows about it can share their insight as well.
Thanks again!👌🤓
As a member of Navy Federal can I sponsor nieces and nephews?
Hello James, yes you can. @James Spencer. Just call NFCU to get the process going. 😁🤓
@@motionzbiz5814 Thank you
@@jamesspencer9229 all the best to you!😁🤩👌
There a great bank no complaints from me but ima have to cancel my account with them soon
@edwinhernandez7954, thanks for sharing this information.
I haven’t heard anything like this at all. But since you talked to them and this is the case, interesting indeed.🤓
#2 is me.
Thanks for checking out the video.😄👍
Just got approved for car loan. I am a NFCU member for 12 years. First loan period. How long should I wait to apply for personal loan
@DK W, congratulations!🎊🎈🍾
I really have no personal experience with how long do you have to wait before you do a personal loan.
However, you can call customer support, a few times so you can get different opinions or answers and see what the concensus is.😄
Won’t hurt to ask.🤓👌🤩
Does applying for an increase reset the 91 days or could you just wait the remainder of the 91
@TebTengri, yes, if you are approved for an increase, you count and wait 6 months, after that before you can ask for a second credit limit increase.
Make sure that you count 91 days or 100 days before you apply for an increase.
Billing statements, even if you have 3, one may be a partial statement and can be a reason for denial.
Thanks!🤓