04-28-2013 08:40 AM - edited 11-04-2014 02:41 PM
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: Use to be easiest to ask through secure message to have some of your credit line from the first card MOVED to the 2nd card that you were just declined for to have it approved... sometimes you can call and have the request submitted also... If you are told no, try calling instead of secure message, or hang up and try again in a little bit... If a rep tells you no, they just don't know! Find the one that does know!
Q: How much of my current CL should I move to open the 2nd Card?
A: I'll use $25k as your current limit on your 1st card... Move $20k of your 1st card to open your 2nd card.
Q: Why would I move so much of my 1st Card to open the 2nd card?
A: (The secret is out but don't scream it out loud we don't want it to stop ) Once you see your 1st card updated on your log in with the new reduced limit and the new 2nd card listed with the new limit you moved from your 1st card... Request a CLI on your 1st card back to the limit it had BEFORE you moved limit to open the 2nd card, it will instantly approve it!
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!)
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)
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)
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 09:06 AM
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 10:30 AM
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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