They only gave me a $2k limit and 14.65% interest!!! The only baddie is a collection that will drop off in January, so it's nearly 7 years old (and only $275bal - not paid because of a dispute).
I have no debt and util under 9% ($63 balance on $2350 total avail credit.)
They pulled my EQ, which has my lowest AAoA @ just under 1 year.
It seems like others have written about how Navy has helped them to rebuild. Yet, they have given me a very low CL and a very high interest. I'm wishing I had just waited for the collection to come off, but from talking with them, it seems like that wasn't a big deal. Though, I don't know how reliable the info is that I'm getting since it's not the dept. that makes the credit decisions.
I'm not really sure what my options are at this point. This new CC is going to zap my AAoA and probably lower my score, which is the opposite of my goal in applying!
Does anyone have any suggestions as to what I can do or how to best deal w/them? I'd really like to ask for an CLI or recon, but don't know what their policies are about this.
Also, I'm shocked that they gave me such a high interest rate. It's higher than the one my local CU gave me in June, and I thought that one was high. While I'm not planning on carrying a balance, I still would rather not have such a high-rate card if it's possible.
Does anyone know if/when/how they lower interest rates, and also, the best way to get the credit line increased. Any help would me most appreciated! 
@Anonymous wrote:You still got a better deal out of them than me. $1500 CL and 17.9% APR. I think they basically gave me the worst possible deal they could - lowest CL (ok, 1k is the lowest but still) and the APR is about as high as it can be.
I have no baddies on my report, no lates, nothing like that. Had more inquiries on my EQ than I thought I did, but that's about it. I think I used my personal (not household) income of $50k and I have no debt other than what other CC balances might have been showing at the time. And since I already had a $3k card, it's not like they even matched my highest card. Granted, I'd only been banking with them for a few months, but I still hear of people getting sky-high limits when they apply at the same time as they join the CU.
So, go figure. Either way, you got a better card from them than I did. I'm still using their card as my my default card for 95% of my purchases, since I'm getting the 1% cash back from it. I just don't like not having the option to carry a balance if I need to, since the CL is just way too low for that. But I'm sure it'll grow over time.
But it is pretty demoralizing seeing them basically throw money/CLs to some people, when I end up being one of the unlucky ones to get stuck with a subprime limit and APR.
I know the feeling! Isn't that frustrating! I'm really surprised since you already have a $3k card. I only did slightly better than you.
I called to find out why I got such a low CL and high interest, and all they would tell me is that they use algorhythms so there is no discrimination. Yet, when I read the stories here, I can't make sense of it.
When I asked, they said their highest interest rate was around 19%, so you're not quite at the highest.
They did say that after 1 year, you can request a reduction in interest, which I plan to do... so you might keep that in mind as well.
I plan to ask for a CLI after 6 months, even if it's a hard pull (which I believe it is). I'm hoping to position myself between now and then to get a good CLI from them. I'd really like at least $5k.
I hope we both get good CLIs from them! 