Official NFCU CLI Guide

[Creditaddict]

---

@iurantian wrote:

I just hit the luv botton, and got this message:

Your credit limit increase request for $15,000.00  has been submitted for further review.  A decision will be made in approximately 3-5 business days. A letter will be mailed advising you of the credit decision.

MyFICO score is 612 and I have three paid collections.  My current Cash Rewards CC is for 5K and I asked for a CLI of 15,000 hoping to either get it, or to be countered with another amont.  My utilization is sitting at 30% and falling, and have had the card for 6 months.

What do you think my odds of getting it are...or even countered?

From reading all the posts here, I'm not sure what I should do.  Wait for the acceptance letter?  If it's a denial letter, do I call and recon?  Should I call and see what's up tomorrow, seeing as how they are closed today on Memorial Day....or wait?

---

Wait.... You should see it by Wed. online.

[iurantian]

Thanks CreditAddict for the quick response.   I'll wait until Wednesday to do anything then.   Are you saying you "think I'll get it by Weds"....or I'll have an answer one way or another by Weds?

I'm just afraid of getting a HP if it's going to be a denial, and want to know if I at least stand a good chance.   Probably should have asked for a lower CLI.....lol.

[Creditaddict]

---

@iurantian wrote:

Thanks CreditAddict for the quick response.   I'll wait until Wednesday to do anything then.   Are you saying you "think I'll get it by Weds"....or I'll have an answer one way or another by Weds?

I'm just afraid of getting a HP if it's going to be a denial, and want to know if I at least stand a good chance.   Probably should have asked for a lower CLI.....lol.

---

You are getting a HP and asking lower wouldn't have changed that.  So who knows now... You will have an answer by wed.  I think it's usually faster but I will assume they will probably have some back log to catch up with.

[manyquestions]

I saw where someone mentioned they were told something like  "maximum amount for income"  but it was partially based on their FICO score. Is there a list or general concensus of the maximum limits you can get on Navy cards with different FICO score ranges and incomes?

[CreditJunkie917]

I'm sure they take into acct your score and income. At this point in the game, I'm maxed out for 10K. I'm sure alot of its based on score(see siggy), and my income is $55K(active duty). plus my acct is new(april). For the nRewards and CR, I think for max CL is $50K while the flagship is $80K(according to their website).

[iurantian]

Good point.  I didn't even think of that.  I make 25k annually....hopefully asking for 15k is not too much.

[CreditJunkie917]

You may run into an issue with that. Asking for 15K when you make 25K? the CL would be 60% of your income. But anything is possible though! NFCU is corky like that. They are very liberal when it comes to increases. I never though I would be able to get an unsecured CC with a 10K limit until all my derogs were off my report. Boy was i wrong! Good Luck!!

[ccnewcc]

How does one get the Visa sig version of the Cash Rewards?

I've seen other poster talk about this version.  Anyone care to answer a few questions about it?

- How does one get it?  Does it have to be offered or can one ask for it or to apply for it?

- Does it have an AF like the Flagship?  If so, how much is the annual fee?

- Is there any diff in benefits or cash back?

TIA

[webhopper]

I asked for it via the secure message center... They granted my request, and they also dropped my APR at the same time

[jordanmedical]

Same here, asked for it via secure message after I got my cli to 8.5k. Also asked for apr reduction and got that as well.