topic Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals in Credit Card Approvals

Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 22:21:42 GMT

My data points are contrary to a lot of things I have read on the board about Navy Federal. I just thought I would share since YMMV with your experience.

Ive understood that you should always request max and they will counter. NOT true for me. A week ago I applied for CLOC of 15k and got instant denial. EQ hard pull. Applied again a couple hours later and this time only asked for 4K. Went to review. Was approved an hour later for 4K. Obviously they didn’t like me asking for full amount and didn’t even bother to counter offer. NO additional hard pull. 👍

Also true with my CLI request today at 91/3 for my Cash rewards card. Started with limit of 1k. Asked for 10k because I also wanted to app for second card and didn’t want to overdo my exposure with them by asking for 25k. Went to review. Email a couple hours later. Denied. NO HARD PULL. Started wondering if I had asked for too much like last week. Also thought it was interesting I didn’t get a hard pull since I thought you had to wait til after AR in January. So I figured what the heck and decided to pull the trigger again for a smaller CLI and see what happened because of my CLOC experience a week ago. This time I only asked for 3k. INSTANT APPROVAL. NO HARD PULL. 👍

Also applied for 2nd card a moment after my first CLI attempt. INSTANT APPROVAL for GoRewards card. I was hoping maybe a 5k limit.... nope..... $15,000!!!!! By far my highest limit. 👍

I’m really going in the garden now. I promise. 😉

APPROVALS THIS WEEK
NFCU CLOC - 4k
NFCU Cash Rewards 91/3 CLI - 1k - 3k
NFCU Go Rewards - SL 15k

14 Inquiries in last 12 months.
11 months average age of accounts.

I have screen shots of my approvals but can’t figure out how to add images to the forum posts.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 22:43:40 GMT

I need to get into NFCU (my brother is a Lt Col USMC). Your scores aren’t much higher than mine and profile is very similar. That’s some great results!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 22:48:46 GMT

NFCU was the best thing I have done this year for my credit rebuild! Joined in August off my deceased grandfathers service in WW2. I also moved my checking and savings to them from BOA since they have no minimum fees like BOA does!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

19eighty5 — Fri, 07 Dec 2018 23:29:11 GMT

Congratulations on your approvals!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 23:38:59 GMT

Lol Navy is crazy. Denied for CLI to 10K but turns around and gives a new card for 15K.

Was the second card after you got the denial or before? You don’t make that part clear.

Well congrats on your approvals!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 23:41:34 GMT

Agreed! I can’t figure them out. Other than to stop asking for huge amounts as other people suggest. Apparantley they don’t always counter offer. But I still love them ❤️

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Fri, 07 Dec 2018 23:44:16 GMT

I applied for cli and it went to review. Then applied for second card a moment later and was instant approval.

I didn’t get the denial on the CLI request til about 9 hours after I applied. At that point I applied again and only asked for 3k and was instantly approved.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

AverageJoesCredit — Fri, 07 Dec 2018 23:45:26 GMT

Big time success. Well done

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 00:16:08 GMT

@Anonymous wrote:
I applied for cli and it went to review. Then applied for second card a moment later and was instant approval.

I didn’t get the denial on the CLI request til about 9 hours after I applied. At that point I applied again and only asked for 3k and was instantly approved.

This makes me wonder if you would have gotten the CLI if you waited for the review but you wanted a new card anyway so it worked out.

I am collecting data points for my 91/3 that I’m pulling the trigger on as soon as Discover updates my report with a $0 balance (hopefully Monday). I don’t want to leave a lot of money on the table but I don’t want to ask for too much and I don’t want a new card (the cashRewards is by far the best card they have for my usage and especially the fact I can redeem my cashback without earning $50 minimum). Maybe I’ll just go for my ideal limit of 7500 instead of overshooting to 9k like I had planned.

Thanks for the info!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 01:02:47 GMT

From everything I’ve read, second card limits are almost always higher than cli on first card. I maybe should have waited to pull the trigger on second card but my finger is trigger happy. Lol

I do prefer the cash rewards card as well but I know it will grow so I’m not to worried. I was just thrilled with the huge 15k limit and no hard pulls on the CLI requests which is contrary to what everyone else says as they claim you have to wait til odd number months.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 01:09:22 GMT

I mean I could see myself going for the Plat for the low interest except I likely wouldn’t get 7.99% nor do I ever carry a balance and my cashRewards is already at 11.65% - but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens.

The big approvals definitely have gotten my attention though. Worst case scenario I suppose I could get a second card and see if they’ll combine it after 6 months or a year.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

CreditInspired — Sat, 08 Dec 2018 02:10:28 GMT

Congratulations OP and thanks for the DP.

Learn something new everyday.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 02:24:16 GMT

Congratulations, OP 👏🏾 Fantastic DP. Thanks for sharing!

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 02:30:06 GMT

“but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens.”

I only had one credit card a year ago with a $500 SL. I’ve had a lot of inquiries this year (average of 12) but I’ve also added 12 new accounts for a total of over 38k in credit PLUS a mortgage. My score has gone up and down but hasn’t changed much because my mortgage hasn’t posted yet and it’s my only active loan, plus I still have a medical collection. From my research when building credit, it’s nornal to add more accounts the first year and let them age together. It’s worked for me anyhow. You just have to find what works for you

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

Anonymous — Sat, 08 Dec 2018 02:45:53 GMT

@Anonymous wrote:
“but also, adding another card would mean 6 new cards this year (although I canceled one of them and two older ones) and that seems like a very bad idea with my profile so I’ll take a shot at the CLI and see what happens.”

I only had one credit card a year ago with a $500 SL. I’ve had a lot of inquiries this year (average of 12) but I’ve also added 12 new accounts for a total of over 38k in credit PLUS a mortgage. My score has gone up and down but hasn’t changed much because my mortgage hasn’t posted yet and it’s my only active loan, plus I still have a medical collection. From my research when building credit, it’s nornal to add more accounts the first year and let them age together. It’s worked for me anyhow. You just have to find what works for you

Unfortunately this isn’t my first year. I was a bit slow. Ch 7 2010, repo of reaffirmed car 2012, first credit after BK 2014.

I am also very low income at 18k and I’ve got $25,750 revolving credit with the last card I added so honestly boosting my cashRewards to $7,500 would more than satisfy any current credit needs as I can’t really see a scenario where I would need more than $2000 which would be ~27% of that limit and I’m a PIF type unless I’m financing something major at 0%.

I just don’t want to trigger AA for all the new accounts - although I think it’s incredibly unlikely with the lenders I have and the fact that I’ve shown I’ll prune cards I don’t use.

I am just a worrier by nature. Your DPs definitely help me set my expectations so I thank you again

And sorry for derailing your thread but I appreciate your input

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

RonM21 — Sun, 09 Dec 2018 01:02:31 GMT

Great success and data points! Congrats. NFCU is it.

Re: Interesting data points on my NFCU CLI, 2nd card, and CLOC approvals

CreditWolf — Sun, 09 Dec 2018 03:21:32 GMT

east nor west Navy is the best