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@Isha82, welcome to the MyFico community!
Say tuned to this thread at the end of August and beginning of September. Once people are seeing the AR, there will be a lot of activity here. You will definitely know the AR's been done lol!!
I have one card with Navy. It's about 4 months old. Been using it and making really big payments. I see they have an offer for a Platinum 12/mo zero interest balance transfer card til 8/31. Will my high monthly payment history on the current card help to set a nice limit on a new card - assuming, of course, everything else is a go? Scores now all over 730.
Or will applying online just cause a credit pull and so the report might be all that's used to set a limit? If so, maybe I should apply by phone. Thoughts anyone?
@Gonzozap wrote:I have one card with Navy. It's about 4 months old. Been using it and making really big payments. I see they have an offer for a Platinum 12/mo zero interest balance transfer card til 8/31. Will my high monthly payment history on the current card help to set a nice limit on a new card - assuming, of course, everything else is a go? Scores now all over 730.
Or will applying online just cause a credit pull and so the report might be all that's used to set a limit? If so, maybe I should apply by phone. Thoughts anyone?
I actually called NFCU about this very subject...I was told whether I call or online apply, the process is the same. As far as limits go, its a totality of Score (they have a internal system) DTI, credit exposure. Whatever your current limit is, it will be larger. You don't have a CLOC?...Chances are you would get a sizeable increase if all is clean and DTI is ok....
@Anonymous wrote:
@Gonzozap wrote:I have one card with Navy. It's about 4 months old. Been using it and making really big payments. I see they have an offer for a Platinum 12/mo zero interest balance transfer card til 8/31. Will my high monthly payment history on the current card help to set a nice limit on a new card - assuming, of course, everything else is a go? Scores now all over 730.
Or will applying online just cause a credit pull and so the report might be all that's used to set a limit? If so, maybe I should apply by phone. Thoughts anyone?
I actually called NFCU about this very subject...I was told whether I call or online apply, the process is the same. As far as limits go, its a totality of Score (they have a internal system) DTI, credit exposure. Whatever your current limit is, it will be larger. You don't have a CLOC?...Chances are you would get a sizeable increase if all is clean and DTI is ok....
No CLOC. Would that help anything?
@Gonzozap wrote:
@Anonymous wrote:
@Gonzozap wrote:I have one card with Navy. It's about 4 months old. Been using it and making really big payments. I see they have an offer for a Platinum 12/mo zero interest balance transfer card til 8/31. Will my high monthly payment history on the current card help to set a nice limit on a new card - assuming, of course, everything else is a go? Scores now all over 730.
Or will applying online just cause a credit pull and so the report might be all that's used to set a limit? If so, maybe I should apply by phone. Thoughts anyone?
I actually called NFCU about this very subject...I was told whether I call or online apply, the process is the same. As far as limits go, its a totality of Score (they have a internal system) DTI, credit exposure. Whatever your current limit is, it will be larger. You don't have a CLOC?...Chances are you would get a sizeable increase if all is clean and DTI is ok....
No CLOC. Would that help anything?
Possibly, as it wouldn't be a credit line agianst your exposure to them. I am not sure it even counts as it is not a credit card account...What is your limit now with the one card?
why use big font ?
@Anonymous wrote:
@Gonzozap wrote:
@Anonymous wrote:
@Gonzozap wrote:I have one card with Navy. It's about 4 months old. Been using it and making really big payments. I see they have an offer for a Platinum 12/mo zero interest balance transfer card til 8/31. Will my high monthly payment history on the current card help to set a nice limit on a new card - assuming, of course, everything else is a go? Scores now all over 730.
Or will applying online just cause a credit pull and so the report might be all that's used to set a limit? If so, maybe I should apply by phone. Thoughts anyone?
I actually called NFCU about this very subject...I was told whether I call or online apply, the process is the same. As far as limits go, its a totality of Score (they have a internal system) DTI, credit exposure. Whatever your current limit is, it will be larger. You don't have a CLOC?...Chances are you would get a sizeable increase if all is clean and DTI is ok....
No CLOC. Would that help anything?
Possibly, as it wouldn't be a credit line agianst your exposure to them. I am not sure it even counts as it is not a credit card account...What is your limit now with the one card?
No, I don't have a lot of exposure. My limit on the card I have is only $5k. I do plan to apply for the CLOC down the road, but only as a help for utilization.
Hi all! So i got trigger happy and asked for a CLI this morning. My 3rd statement posted today but I am only at day 86. SO i just hopped on chat to see if I could geta status...of course denied for account being too new, so i told the rep i understood, but she then went on to say that Navy likes a person to have an account at least 6 months before they'll consinder a CLI?!?!?!!? Ummmmm I have read all 388 pages of this...is this something new? Anyone else have any issues lately?
@Anonymous wrote:Hi all! So i got trigger happy and asked for a CLI this morning. My 3rd statement posted today but I am only at day 86. SO i just hopped on chat to see if I could geta status...of course denied for account being too new, so i told the rep i understood, but she then went on to say that Navy likes a person to have an account at least 6 months before they'll consinder a CLI?!?!?!!? Ummmmm I have read all 388 pages of this...is this something new? Anyone else have any issues lately?
Lots of reports onf this. I think the reps often get this one wrong.
You can definitely get the first CLI at 3 statements 91 days or more. (I just did like 2 months ago.)
I think from there on it's 6 months in between subsequent CLI requests.
Not sure if you'll have to wait now since you asked too soon.