04-28-2013 08:40 AM - edited 02-12-2016 07:45 AM
You have a Q?
I have an A!
Q: Is it possible to know before requesting if my account will be eligible without a HP?
A: If you access your full Equifax report and look at SP/Promotional Inquiries you will see (NAVY AR) and they will be every 3 months like clock work once you see the first one... IF at any time you are going to have a better chance of a sp increase it will be after that AR has been done.
Q: I currently only have a $1k limit, won't asking for $25k just get my request Flat out Denied or HP for sure because of the large request?
A: All data shows that Navy allows requests up to $25k without review IF your account is eligible so if you request just $5k and it's instantly granted than you have left CL available to you by not asking for the full $25k and getting the instant counter.
Q: I get a message "A CONDITION EXISTS ON MY ACCOUNT AND I NEED TO CALL" Does that mean a SP CLI is not available?
A: This is an INTERNET ERROR with Navy, it has nothing to do with your account being able to get a CLI or not... you need to use Firefox, Chrome, Clear cookies, Clear Browser history and close out and restart in one of those browsers and try again. DO NOT CALL!
Q: I have been thinking about a Second Navy Card OR I applied for a Second Navy Card but was declined?
A: Navy use to allow you to use credit from an existing card to open a 2nd card, but they no longer will move CL's.
Q: When should I apply for NAVCheck/Checking Line of Credit (Navy has changed the name I believe) and for how much?
A: 1. Join Navy. 2. Apply for a Credit Card. 3. Apply for NavCheck 4. ALWAYS ASK FOR $15k (Just like with Credit Cards, Navy will counter if not the full amount and you can't ever ask for to much, it's called a counter for a reason!)
**In some instances for those that are in the low 600's or fresh out of a BK, Navy will deny and not counter a $15k ask but you can go back in and submit another application for $500 or $1k and many have had success getting in the door this way on the CLOC. If you can get approved at a low amount, then my general rule is usually after your first big CLI on credit card to then ask for the full $15k CL on CLOC. You request CLI on CLOC by going in like applying for a new CLOC and then the next page will ask if you are applying for new or CLI existing.
Q: When should I apply for my 2nd Navy Card?
A: EITHER when you hit $25k on your first card within 6 months OR After you successfully get your first SP CLI (Usually 3-6 months in my opinion).
**2nd cards are more difficult to get than in the past, some have best luck getting 2 cards back to back right in the beginning
Q: I received NavCheck but not for the full $15k, When should I go back and ask for CLI to $15k again?
A: After you successfully get your first SP CLI on your 1st credit card (It was about 3 months after opening for me)
***If you have high income and are willing to show it... sending in last 2 paystubs via secure message with a large ask or a recon on a 2nd card will go a long way!
Keep in mind an instant $25k approval on a credit card is the most the computer can give but if you send in 2 paystubs and CLI for the max of the card you applied for $50k or $80k if Flagship, they will do a manual review and counter you the real internal limit they will currently offer on that card... Take full advantage of those HP's!
04-28-2013 08:51 AM
04-28-2013 08:55 AM
I hope thats right Creditaddict, If not I will have like 20 hp's for all that instant. I will not ask for anything for another 5 years lmao...
You are one of the latest that I hope confirms my thinking of just asking for $25k right out of the gate because you had to go back 10x and others have done this recently.
The only experience I have is on my partners card and he was at $25k and asking for $35 resulted in 3-5 day and a HP but was approved, so I don't know if that's a over $25k thing or if he just would have gotten the HP regardless.... I hope to soon be adding some more cards so I can test the theory more later possibly! haha but for now....
I think the other added note is Navy doesn't much seem to care about INQ, even if they do pull!
04-28-2013 09:33 AM
My experience is this regarding the length of time open before sp's are used.
Opened 12/22 - $2K recon to $5K
Requested CLI 3/10 - HP $7.5K
Requested CLI 4/8 - SP $10K
Requested CLI 4/24 - SP $15K
Requested CLI 4/25 - SP $20K
Requested CLI 4/27 - SP $22K requested $25K and countered at $22K
So on 4/8 I might as well have requested the full $25K and I would have gotten the counter !
04-28-2013 10:32 AM
Uggh I am still too scared to hit the button..lol The success stories are killing me!!!
04-28-2013 10:38 AM
I'd had strictly auto-CLIs from a starting limit of 5k up to 10.5K where it was currently. Decided to give this a try - asked flat out for 25,000 and they countered with 12,500. Soft pull. I'll have to keep doing this every once in a while! Thanks for the tip.
04-28-2013 10:44 AM
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