topic Re: NFCU is really a joke to me!!! in Credit Card Approvals

NFCU is really a joke to me!!!

nrm — Mon, 15 Aug 2016 04:11:55 GMT

The pics say it all! I rarely travel, so a travel card is not my choice. However, I'm gonna have a short trip soon, thus a card without foreign transaction fee with a good benefit is in mind. Speaking of which, why not cashReward from Navy Federal over Quicksilver from CARP ONE? Look at what they did to me with an HP! I'm done with Navy Federal!

Re: NFCU is really a joke to me!!!

jacetx — Thu, 04 Aug 2016 01:52:29 GMT

So, they are a joke because they didn't give you the credit limit you wanted? They assess your profile at the time of the application and make their decision. Maybe they think you have too much credit? Just because you have other cards with high limits that doesn't mean that they will match them.

Re: NFCU is really a joke to me!!!

CreditMagic7 — Thu, 04 Aug 2016 01:53:43 GMT

Yup.

Your lines (especially Citi) look about as outstanding as it gets and such.

There seems to be some sort of a twisted twang in their system at least starting out with some of us.

Crap even i got a mildly and somewhat sheepish (compared to MANY) $4K SL but i'm just gonna sit on that for now until the next AR or better yet as Creditaddict seems to suggest, at least until after 3-4 full statement cuts and see how they are on increases.

I wouldn't get too bent out of shape just yet though (although i do get it) because there have been results for some low limit cardholders where they really bloat up your credit limit from those.

Re: NFCU is really a joke to me!!!

nrm — Thu, 04 Aug 2016 02:03:28 GMT

@jace8602 wrote:
So, they are a joke because they didn't give you the credit limit you wanted? They assess your profile at the time of the application and make their decision. Maybe they think you have too much credit? Just because you have other cards with high limits that doesn't mean that they will match them.

It's not about the limit I wanted. It's about their scoring system, model. Some cardholders have very thin file but are given a wacky starting line of 25K. My credit history is 17 years and 9 months with no late payment even once, always PIF and look at what I got.

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 02:09:34 GMT

Sometimes the best APR end up in a very low SL, you can always request a CLI upon activation. You have the option to request max amount which goes up to 50k

Re: NFCU is really a joke to me!!!

jacetx — Thu, 04 Aug 2016 02:12:36 GMT

@nrm wrote:
@jace8602 wrote:
So, they are a joke because they didn't give you the credit limit you wanted? They assess your profile at the time of the application and make their decision. Maybe they think you have too much credit? Just because you have other cards with high limits that doesn't mean that they will match them.
It's not about the limit I wanted. It's about their scoring system, model. Some cardholders have very thin file but are given a wacky starting line of 25K. My credit history is 17 years and 9 months with no late payment even once, always PIF and look at what I got.

Approvals are based on more than just scores. Just becuase I have a 745+ score (which I do) it doesn't mean that I would get high limits. Fortunately like mentioned previously they do AR often and you can get a nice CLI. I know you are disappointed, and honestly a small SL sucks when you have higher limits, but have patience and the card will grow. Good luck!

Re: NFCU is really a joke to me!!!

nrm — Thu, 04 Aug 2016 02:26:02 GMT

Though I don't like it but I just applied for Quicksilver and instantly approved for $18,600. I know there are many NFCU fans in this forum, but I'm done with them, personally! It's not just about this credit card that drives me nuts!

Re: NFCU is really a joke to me!!!

jawbrkr — Thu, 04 Aug 2016 03:47:26 GMT

Capital One strikes again. They are always generous with starting CL.

Re: NFCU is really a joke to me!!!

Meanmchine — Thu, 04 Aug 2016 03:53:12 GMT

Ill tke it if you dont want it ;p

Re: NFCU is really a joke to me!!!

Aduke1122 — Thu, 04 Aug 2016 04:35:08 GMT

Try recon for your SL I hear many ppl have success with this , just send them a secured message and explain to them why you are upset and ask for a better SL.

Re: NFCU is really a joke to me!!!

CreditMagic7 — Thu, 04 Aug 2016 04:39:07 GMT

@jawbrkr wrote:
Capital One strikes again. They are always generous with starting CL.

The OP just has no patience for getting short-changed.

It's a lot like many of us in here

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 04:41:18 GMT

@nrm wrote:

The pics say it all! I rarely travel, so a travel card is not my choice. However, I'm gonna have a short trip soon, thus a card without foreign transaction fee with a good benefit is in mind. Speaking of which, why not cashReward from Navy Federal over Quicksilver from CARP ONE? Look at what they did to me with an HP! I'm done with Navy Federal!

Thanks for sharing.

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 04:53:31 GMT

My scores are in high 600's and i got this..... you should call and recon

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 17:01:29 GMT

This type of things happens ALL THE TIME......

Discover seems to give CRAZY limits, then I can't get CRAP

For others it's candyland at Cap-1...then the next person gets a crap limit and crap growth

Meanwhile another person keeps geeting auto CLI's to 10's of thousands

It happens, some lenders seem to LOVE one twin brother

others seem to LOVE the other twin brother

it is head scratching but after awhile...you start to see that crap just seems to happen ALL THE TIME

I can't explain how every vendor except Discover is ok offering me 10's of thousands worth of unsecured lines LOC, CCs

CLIs yet Disco offers CLIs of $400.....others get 40k I get $400....go figure

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 07:09:03 GMT

Your DC, freedom and Costco are better cards anyway (in my opinion).

Re: NFCU is really a joke to me!!!

Anonymous — Thu, 04 Aug 2016 10:25:19 GMT

OP, as I recall the NFCU uses a different scoring model. After a couple of months that account could have a much much higher CL.

Re: NFCU is really a joke to me!!!

JustcallmeTM — Thu, 04 Aug 2016 11:31:54 GMT

@nrm wrote:

The pics say it all! I rarely travel, so a travel card is not my choice. However, I'm gonna have a short trip soon, thus a card without foreign transaction fee with a good benefit is in mind. Speaking of which, why not cashReward from Navy Federal over Quicksilver from CARP ONE? Look at what they did to me with an HP! I'm done with Navy Federal!

Did you ever stop to think which FICO scoring model they use. I believe they still use the old FICO 4 scoring model. I struggle getting 675+ with FICO 4 but all my FICO 8 scores are over 700. And all your 700+ scores are coming from FICO bankcard scores (they dont even uses those scores for cars or mortgages) sorry but NFCU doesnt use that specifc type of report. Old FICO models tend to penalize you more for the dumbest stuff.

Also if you read alot of these post you will notice the amount of people getting hammered for excessive credit also. How much you make and if you can pay it back has nothing to do with the issues happening now. The banks want people to use the credit cards and now fighting back by lowering limits or shutting cards down. Looks like they are cracking down on credit card hoarders and those who love superior limits and never use them fully.

I'm even learning the limits to this, people like to play with the system but when it bites back people get bent out of shape. You have more than enough credit for your trip and with the amount you have with Citi I would use them. I dont get how someone can get upset over a credit union when you have 55+k invested with Citi and others are getting shut down because of to much exposure with 1 bank.

Re: NFCU is really a joke to me!!!

kdm31091 — Thu, 04 Aug 2016 13:08:24 GMT

@jace8602 wrote:
So, they are a joke because they didn't give you the credit limit you wanted? They assess your profile at the time of the application and make their decision. Maybe they think you have too much credit? Just because you have other cards with high limits that doesn't mean that they will match them.

Agree here. You may be overexposed. Sometimes always going for huge limits can backfire on you. Beyond that, creditors don't simply match limits. Some are more conservative and some are less.

Keep in mind NFCU is a credit union. People have found some ways in, but at the end of the day, it's not the same thing as Citi, Chase, etc. Their market is much smaller and they aren't looking to necessarily give out huge limits. It's a different operation.

Re: NFCU is really a joke to me!!!

Gmood1 — Thu, 04 Aug 2016 13:58:56 GMT

I feel ya NRM. Lol
There was a time I'd be happy with a one or two thousand dollar limits. Those days have passed. I like diversity and cards with usable limits for my household.
I don't have a problem telling a lender they can keep their card either, if I feel the card doesn't have the potential to grow with me.

Folks can call it whatever they want.. hoarding, etc. We put some real traffic on cards around here and I prefer not to pay the bill once a week. Why even bother using a CC if you can't take advantage of the payment structure?

Navy Federal will grow fairly quickly. In 90 days I'd wager you'll have that 5 figure limit. Not my favorite CU by a long shot but their cards do grow fast.

I'm trying to get where you are with Citi! Nice limits by the way!

Re: NFCU is really a joke to me!!!

undrtkr65 — Thu, 04 Aug 2016 17:10:09 GMT

my highest credit line is with nfcu at 19.5k visa and 15k cloc. no other bank will even come close. I would definitely try to recon that limit via secure message.