Navy Federal Thread for CLI and Additional Cards

[Anonymous]

@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!!

[Gonzozap]

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?

[Anonymous]

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@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?

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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....

[Gonzozap]

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@Anonymous wrote:

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@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....

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No CLOC.  Would that help anything?

[Anonymous]

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@Gonzozap wrote:

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@Anonymous wrote:

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@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....

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No CLOC.  Would that help anything?

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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?

[peghede]

why use big font ?

[Gonzozap]

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@Anonymous wrote:

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@Gonzozap wrote:

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@Anonymous wrote:

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@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?

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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?

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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.

[Anonymous]

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]

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@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?

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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.

[Anonymous]

Naah - that's just their script. Feel free to try again in a week or so.