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Using 1/2 of NFCU CLOC frowned upon?

Established Contributor

Using 1/2 of NFCU CLOC frowned upon?

I want to always be in good standing with NFCU.  Therefore I wonder if I should do this.  I have a credit card with a balance of $2500.  I am able to pay it off in about 30 days.  In the meantime, since the credit card payment is due and it will report to credit agencies in a few days, I want to fully pay down the credit card using my NFCU cloc.  Then in about 30 days pay the cloc back to zero.  Doing this gets the credit card reported at zero in a few days and helps decrease my utilization faster (I won't elaborate but I need this to happen).  This will work because NFCU told me my new credit card and cloc won't report for 2 months (April 2017). Is using 1/2 of NFCU cloc hurtful for future credit decisions with NFCU?

In the garden as of March 17, 2017.

Amex PRG NPSL | Amex Hilton Surpass $6K l Aviator Red $3.5K | Best Buy $6K | Amazon $6K | Chase $5K | BBVA $5K | UFCU $10K | NFCU $15K
10 REPLIES
New Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?

Not for me. I used my CLOC to pay off some debt and was using 65% of my max 15k. I also got a $12k CLI on my Cash Rewards card with that existing balance on my CLOC. That's just my personal experience. I pay on time and more than minimum. I utilize the credit that has been extended to me.

Established Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?


Curious0ne wrote:

Not for me. I used my CLOC to pay off some debt and was using 65% of my max 15k. I also got a $12k CLI on my Cash Rewards card with that existing balance on my CLOC. That's just my personal experience. I pay on time and more than minimum. I utilize the credit that has been extended to me.


Wonderful information!  Thanks!

In the garden as of March 17, 2017.

Amex PRG NPSL | Amex Hilton Surpass $6K l Aviator Red $3.5K | Best Buy $6K | Amazon $6K | Chase $5K | BBVA $5K | UFCU $10K | NFCU $15K
Senior Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?


soloman wrote:

Curious0ne wrote:

Not for me. I used my CLOC to pay off some debt and was using 65% of my max 15k. I also got a $12k CLI on my Cash Rewards card with that existing balance on my CLOC. That's just my personal experience. I pay on time and more than minimum. I utilize the credit that has been extended to me.


Wonderful information!  Thanks!


NFCU won't care one bit as long as you pay them and on time.

AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 11/18/17** EX- 762(13) TU- 765(12) EQ- 731(14) UTI 8%- Clean Files
Super Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?


soloman wrote:

I want to always be in good standing with NFCU.  Therefore I wonder if I should do this.  I have a credit card with a balance of $2500.  I am able to pay it off in about 30 days.  In the meantime, since the credit card payment is due and it will report to credit agencies in a few days, I want to fully pay down the credit card using my NFCU cloc.  Then in about 30 days pay the cloc back to zero.  Doing this gets the credit card reported at zero in a few days and helps decrease my utilization faster (I won't elaborate but I need this to happen).  This will work because NFCU told me my new credit card and cloc won't report for 2 months (April 2017). Is using 1/2 of NFCU cloc hurtful for future credit decisions with NFCU?


No, temporarily using half of your NFCU CLOC credit limit would not be hurtful for future credit decisions.

FICO8 EQ 721 TU 747 EX 732 Total revolving credit 454000
Established Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?

Thanks donny10 and southjamica.

In the garden as of March 17, 2017.

Amex PRG NPSL | Amex Hilton Surpass $6K l Aviator Red $3.5K | Best Buy $6K | Amazon $6K | Chase $5K | BBVA $5K | UFCU $10K | NFCU $15K
Regular Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?

NFCU is not known for AA unless you're seriously delinquent on payments.  You'll be fine.

Current scores high 600s on EX/EQ/TU.

Amex Platinum NPSL - NFCU Platinum $17,900 - Chase Ritz $14,000 - PenFed Promise $5000 - Synchrony PayPal MC $5000 - Barclay AA $4000 - Merrick Bank $2400 - USAA Amex $2000 - Local CU Visa Classic $1600 - Cap 1 $1650 - Amex Delta Gold $1000 - Chase Freedom Unlimited $500 + several store cards.
New Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?


soloman wrote:

  This will work because NFCU told me my new credit card and cloc won't report for 2 months (April 2017). Is using 1/2 of NFCU cloc hurtful for future credit decisions with NFCU?


Weird because mine reported about 2 weeks after I opened it and I had a balance, which was fine but just letting you know my experience with reporting. 

Established Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?


ladybug2016 wrote:

soloman wrote:

  This will work because NFCU told me my new credit card and cloc won't report for 2 months (April 2017). Is using 1/2 of NFCU cloc hurtful for future credit decisions with NFCU?


Weird because mine reported about 2 weeks after I opened it and I had a balance, which was fine but just letting you know my experience with reporting. 


It's been 3 weeks since I opened and NFCU has not reported anything yet.

In the garden as of March 17, 2017.

Amex PRG NPSL | Amex Hilton Surpass $6K l Aviator Red $3.5K | Best Buy $6K | Amazon $6K | Chase $5K | BBVA $5K | UFCU $10K | NFCU $15K
New Contributor

Re: Using 1/2 of NFCU CLOC frowned upon?

I just doubled checked my myFICO alerts and my CLOC was opened 11/16/16 and reported 12/1/16 on TU as a new account, showing the balance and the credit line amount. 

 

Maybe they only report in certain months. I don't know...I just wanted you to know that 2 month thing might not be a sure thing in case that was a concern.