NFCU Visa Platinum Card: Limit as expected, APR too high

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rockyrock
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NFCU Visa Platinum Card: Limit as expected, APR too high

Postby rockyrock » Wed May 15, 2013 3:58 am

I was just approved for a Navy Federal Credit Union Visa Platinum card, $25k at 12.99%. The limit was about what I expected but I was hoping the APR would come in a little lower. The spectrum is 7.99% - 18% so that puts me in the middle.

The only way I can reconcile this in my head :confused: is that the limit was based more on my income and the APR was impacted by my score. My goal with this card was to get a low APR card in case I ever needed to carry a balance. In a year I can request to have the APR lowered.

That’s two new cards for me in a one month period so I’m out of the game for a while. I jumped the gun—should have applied for them the same day, or this one first as the lower APR was important. I don’t care about the APR on my CSP.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC


Sevenfeet
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Location: United States

Postby Sevenfeet » Wed May 15, 2013 8:36 am

I wouldn't be that disappointed. Getting a credit card with interest under 11% is still pretty hard to do and generally that's not given to most new customers anyway. You'll have to garden a bit to get considered for lower. 12.99% is perfectly reasonable in terms of people who have good credit. Of all the cards I carry, I have three statistical outliers (Chase Freedom, Discover, US Bank Cash +). All the other non-travel cards are ranging from 9.99% to 13.99%
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

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Calipso
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Location: Boston

Postby Calipso » Wed May 15, 2013 7:59 pm

Are you a new NFCU member?

My NFCU Platinum states: Annual Percentage Rate: 8.99%
NFCU nRewards: Annual Percentage Rate: 11.9%
NFCU NavCheck: Annual Percentage Rate: 13.9%

You should be happy for now and call a few months down the line and ask for a APR reduction. Navy Fed has always been good to me.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500

rockyrock
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Location: Ventura, CA

Postby rockyrock » Thu May 16, 2013 2:16 am

Calipso wrote:Are you a new NFCU member?

My NFCU Platinum states: Annual Percentage Rate: 8.99%
NFCU nRewards: Annual Percentage Rate: 11.9%
NFCU NavCheck: Annual Percentage Rate: 13.9%

You should be happy for now and call a few months down the line and ask for a APR reduction. Navy Fed has always been good to me.


Member since 1997, and they are my primary checking acct but my savings, loans, investing is all elsewhere. I'm okay for now. I know I'll get the reduction in 12 mos.

They have been good to me too over the years.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC



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