topic Re: Navy Approval $25k in Credit Card Approvals

Navy Approval $25k

LawStudentCivilis — Fri, 25 Jun 2021 13:51:12 GMT

Well, this is certainly my highest SL to date. I finally just impulsively applied for a Navy CC, and was approved for a $25,000 SL at 5.99 APR for the platinum card.

I only have a Navy savings account that I opened back in October, and no other products. Had I known that they liked my profile I would have more than likely bypassed PenFed (still a fan of PenFed). Although I don't think I would have been approved at this level if I applied when I joined.

My Equifax report is frozen. TU is my lowest score across the board:

TU8 733

TU9 714

No derogs

Hope these datapoints are useful for someone!

ETA: My apologies I definitely should send a big thank you to this forum for the wealth of advice and knowledge. I would have never known about Navy (or PenFed for that matter) had it not been for all the wonderful information that can be found here. So thank you for contributing greatly to the success of many!

Re: Navy Approval $25k

coreyb80 — Fri, 25 Jun 2021 13:00:16 GMT

Congrats on the nice approval!

Re: Navy Approval $25k

AverageJoesCredit — Fri, 25 Jun 2021 13:07:40 GMT

So, a hard pull was worth it?

Penfed and Navy are like apples and oranges, no comparison. 🍎🍊🙂

Re: Navy Approval $25k

Ficoproblems247 — Fri, 25 Jun 2021 13:18:18 GMT

Seriously, Navy is just a whole different beast than anyone else. That is so awesome, congrats on your MONSTER SL and tiny little APR! Nicely done!

Re: Navy Approval $25k

Anonymous — Fri, 25 Jun 2021 13:49:58 GMT

Congrats on your approval and awesome SL!

Was this your first Credit line with NFCU?

Re: Navy Approval $25k

LawStudentCivilis — Fri, 25 Jun 2021 13:53:54 GMT

@AverageJoesCredit wrote:
So, a hard pull was worth it?

Penfed and Navy are like apples and oranges, no comparison. 🍎🍊🙂

Ha yes Joe, of course it was worth the hp. I am always mindful no matter my profile or score I am not entitled to credit from any creditor. So at the time of joining Navy, no I would not have joined if it was a hp just to join alone.

Re: Navy Approval $25k

LawStudentCivilis — Fri, 25 Jun 2021 13:56:38 GMT

@Ficoproblems247Yes, I am seeing that for myself! Apples to Oranges as AverageJoe put it. PenFed denied a CLI attempt although I worked to get my EQ9 up 25 points in 6 months from time of approval.

@AnonymousYes, this is my first credit card with Navy. I only had a savings account before approval.

Re: Navy Approval $25k

Anonymous — Fri, 25 Jun 2021 13:59:49 GMT

@LawStudentCivilis I appreciate the info! I just opened a Checking/Savings with them a few weeks ago in hopes of getting in a better position for a CL with them next year. Looks like a little history prior to apping paid off for a higher for SL on the first card.

Re: Navy Approval $25k

LawStudentCivilis — Fri, 25 Jun 2021 14:04:52 GMT

@Anonymous wrote:
@LawStudentCivilis I appreciate the info! I just opened a Checking/Savings with them a few weeks ago in hopes of getting in a better position for a CL with them next year. Looks like a little history prior to apping paid off for a higher for SL on the first card.

I agree, I think your strategy may pay off in the long run. Especially since my TU9 is not impressive. I assume Navy is similar to PenFed, they are more than likely more concerned with DTI. Good luck!

Re: Navy Approval $25k

gdale6 — Fri, 25 Jun 2021 14:12:10 GMT

Wow a big approval and the lowest APR, grats on getting it

Re: Navy Approval $25k

CreditAggie — Fri, 25 Jun 2021 14:16:54 GMT

Congratulations on your NFCU approval!

Re: Navy Approval $25k

LawStudentCivilis — Fri, 25 Jun 2021 14:21:16 GMT

@gdale6 @CreditAggie Thank you both! I was not expecting anywhere near my given limit.

Re: Navy Approval $25k

M_Smart007 — Fri, 25 Jun 2021 14:47:32 GMT

Congratulations on your NFCU Platinum approval! ..The 5.99 APR is sweet to have, just in case.

Re: Navy Approval $25k

Elpadrino1 — Fri, 25 Jun 2021 16:52:50 GMT

Congratulations on your monster SL approval and awesome APR!!

Re: Navy Approval $25k

babygirl1256 — Fri, 25 Jun 2021 16:57:47 GMT

Congrats on your NFCU approval -and- your monster SL.

Re: Navy Approval $25k

KingRue8500 — Fri, 25 Jun 2021 21:04:56 GMT

Congrats on your NFCU Platinum approval

Re: Navy Approval $25k

Sax2610 — Sat, 26 Jun 2021 06:12:46 GMT

@LawStudentCivilis congratulations 👏you give me hope!, now if i could just find the nerves too pull the trigger maybe for my birthday in October.

Re: Navy Approval $25k

Total80sKid — Sat, 26 Jun 2021 07:51:48 GMT

Congrats on your Navy approval and fantastic SL and APR! 👍🏼🎉🥳

Re: Navy Approval $25k

LawStudentCivilis — Sat, 26 Jun 2021 10:54:30 GMT

Thank you everyone, I'm glad to be apart of this forum or I wouldn't know about Navy!

@Sax2610I say go for it if you believe your profile is in order.

Re: Navy Approval $25k

mrcraft — Sat, 26 Jun 2021 17:04:09 GMT

Congratulations on your approval!!