topic Re: NFCU Platinum Visa approval, low SL in Credit Card Approvals

NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 17:57:38 GMT

Hi all, so I finally pulled the trigger and applied again for an NFCU card. Yay, I was approved but for less than I was hoping for ($1k). I originally applied back in January for the nRewards and a PLOC and was denied for both. At the time, I was just beginning my rebuild and had just added a few store cards via the SCT. I don't even recall if the store cards were reporting at that time, so all that might have been there was my auto loan and my discharged BK.

Aaaanyway, I've done quite a bit of rebuilding over the last 3 months:

No lates, 19 inquiries (too many, I know)

Utilization 3% - 5%

Auto loan (always on time)

Store cards:

Overstock $250/$0 bal

Williams Sonma $250/$0 bal

Eddie Bauer $250/$0 bal

Coldwater Creek $300/$25 bal

ImprovementsCatalog $1000/$0 bal

Bank Cards:

Cap1 QS $300/$95 bal (still not reporting)

Discover $1600/$500 bal

My question is, should I recon the NFCU SL or apply for a CLOC or both or neither? I really want the CLOC but don't want to hurt myself with another HP.

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 18:07:25 GMT

Congrats! I too just got in with NFCU today.

Re: NFCU Platinum Visa approval, low SL

Aduke1122 — Mon, 17 Apr 2017 18:34:36 GMT

I would more than likely wait atleast 3 statements bf asking for any increases just bc with the range of your approval you were borderline so just give it some time and cool down with any new accounts and inquiries, trust me they seem not to like that very much esp if your file is newer or you have limited history or Bk

Re: NFCU Platinum Visa approval, low SL

Aduke1122 — Mon, 17 Apr 2017 18:34:57 GMT

Congrats by the way don't worry it will grow bf you know it

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 19:36:36 GMT

@Aduke1122 wrote:
I would more than likely wait atleast 3 statements bf asking for any increases just bc with the range of your approval you were borderline so just give it some time and cool down with any new accounts and inquiries, trust me they seem not to like that very much esp if your file is newer or you have limited history or Bk

I am going to take your sage advice and just garden for a bit. Thanks again, this community is AWESOME!

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 19:38:24 GMT

Congrats! Welcome to NFCU 👍

Re: NFCU Platinum Visa approval, low SL

AverageJoesCredit — Mon, 17 Apr 2017 19:49:44 GMT

Very nice job getting approved gor a Navy cc

If you were denied just 3 months ago, id recommend to just give it abit longer before asking for cli or cloc. Let you profile breath some and build a couple months history with Navy. The hard parts over, you got in, now enjoy the ride and keep improving the elements you can control like your utilization and inquires

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 20:53:49 GMT

Congrats on the approval. I would wait and let your scores come up from your new accounts being added before going for CLOC

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 21:29:25 GMT

Congrats! I've been wanting to get into NFCU as well.

Re: NFCU Platinum Visa approval, low SL

Anonymous — Mon, 17 Apr 2017 23:36:08 GMT

@Anonymous wrote:
Hi all, so I finally pulled the trigger and applied again for an NFCU card. Yay, I was approved but for less than I was hoping for ($1k). I originally applied back in January for the nRewards and a PLOC and was denied for both. At the time, I was just beginning my rebuild and had just added a few store cards via the SCT. I don't even recall if the store cards were reporting at that time, so all that might have been there was my auto loan and my discharged BK.

Aaaanyway, I've done quite a bit of rebuilding over the last 3 months:
No lates, 19 inquiries (too many, I know)
Utilization 3% - 5%

Auto loan (always on time)
Store cards:
Overstock $250/$0 bal
Williams Sonma $250/$0 bal
Eddie Bauer $250/$0 bal
Coldwater Creek $300/$25 bal
ImprovementsCatalog $1000/$0 bal
Bank Cards:
Cap1 QS $300/$95 bal (still not reporting)
Discover $1600/$500 bal

My question is, should I recon the NFCU SL or apply for a CLOC or both or neither? I really want the CLOC but don't want to hurt myself with another HP.

I suggest getting away from the store cards. Your in toy limit hell, your not going to get high credit lines if you keep that up.

Re: NFCU Platinum Visa approval, low SL

Anonymous — Tue, 18 Apr 2017 00:38:48 GMT

@Anonymous wrote:
@Anonymous wrote:
Hi all, so I finally pulled the trigger and applied again for an NFCU card. Yay, I was approved but for less than I was hoping for ($1k). I originally applied back in January for the nRewards and a PLOC and was denied for both. At the time, I was just beginning my rebuild and had just added a few store cards via the SCT. I don't even recall if the store cards were reporting at that time, so all that might have been there was my auto loan and my discharged BK.

Aaaanyway, I've done quite a bit of rebuilding over the last 3 months:
No lates, 19 inquiries (too many, I know)
Utilization 3% - 5%

Auto loan (always on time)
Store cards:
Overstock $250/$0 bal
Williams Sonma $250/$0 bal
Eddie Bauer $250/$0 bal
Coldwater Creek $300/$25 bal
ImprovementsCatalog $1000/$0 bal
Bank Cards:
Cap1 QS $300/$95 bal (still not reporting)
Discover $1600/$500 bal

My question is, should I recon the NFCU SL or apply for a CLOC or both or neither? I really want the CLOC but don't want to hurt myself with another HP.
I suggest getting away from the store cards. Your in toy limit hell, your not going to get high credit lines if you keep that up.

That's definitely my plan. The only one I plan to keep is Overstock and probably Improvementscatalog because of the $1k SL. Hopefully Overstock will give me a CLI soon, otherwise they will go bye bye as well. I have only had the store cards for about 3 months, so should I let them age a bit before ditching them or is it safe to get rid of them relatively soon?

Re: NFCU Platinum Visa approval, low SL

Aduke1122 — Tue, 18 Apr 2017 04:27:33 GMT

It won't adder your AAOA if you close them out bc they will still report for 10 years and closed accts factor in your AAOA , it could hurt your Utilization if you are carrying any balances

Re: NFCU Platinum Visa approval, low SL

Anonymous — Tue, 18 Apr 2017 20:45:35 GMT

You can ask for an Overstock CLI every 31 days.

Re: NFCU Platinum Visa approval, low SL

Anonymous — Wed, 19 Apr 2017 01:09:00 GMT

@Anonymous wrote:
You can ask for an Overstock CLI every 31 days.

I requested a CLI a week ago and just got the "we are unable to approve your request at this time" letter. What's frustrating is they referrence my credit score from February. Oh well, I will give them 2 more months.

Re: NFCU Platinum Visa approval, low SL

grillandwinemaster — Wed, 19 Apr 2017 05:36:31 GMT

excellent advice Joe!

OP- I'm also one that was denied back in February and approved today!

Congrats on your approval!

Re: NFCU Platinum Visa approval, low SL

Anonymous — Wed, 19 Apr 2017 10:34:34 GMT

@Aduke1122 wrote:
It won't adder your AAOA if you close them out bc they will still report for 10 years and closed accts factor in your AAOA , it could hurt your Utilization if you are carrying any balances

Thank you for this info. For some reason, the utiliation aspect never occured to me.

Re: NFCU Platinum Visa approval, low SL

Anonymous — Thu, 20 Apr 2017 09:18:20 GMT

Congrats. Don't worry about the Inquiries. I've got over 70 and still getting approvals of course my file is over 12 years old tho. Agreed with staying away from the Store cards. You get more points with Bank cards and higher limits. The CLOC totally sep from your card so don't worry about it hurting you. It will cost you another HP tho.