topic Re: NavyFed Platinum approval (low limit) in Credit Card Approvals

NavyFed Platinum approval (low limit)

SeeSaw — Thu, 17 Feb 2022 20:50:11 GMT

Apparently I took a wrong turn a few days ago while walking through the garden. I somehow ended up with a NavyFed Platinum card SL $2500, lol. I requested a reconsideration of the low starting limit. To my surprise I received a 2nd TU hard pull. Alas, it was not meant to be. I'll start my first unsecured card journey with NavyFed at $2500.

Re: NavyFed Platinum approval (low limit)

thornback — Thu, 17 Feb 2022 21:06:15 GMT

@SeeSaw wrote:
Apparently I took a wrong turn a few days ago while walking through the garden. I somehow ended up with a NavyFed Platinum card SL $2500, lol. I requested a reconsideration of the low starting limit. To my surprise I received a 2nd TU hard pull. Alas, it was not meant to be. I'll start my first unsecured card journey with NavyFed at $2500.

Congrats on your approval! Don't worry about the SL - it will grow.

Re: NavyFed Platinum approval (low limit)

Brian_Earl_Spilner — Thu, 17 Feb 2022 21:18:40 GMT

Congrats. The limit on the first card is usually low. The next ones are usually much bigger.

Re: NavyFed Platinum approval (low limit)

Elpadrino1 — Thu, 17 Feb 2022 21:20:29 GMT

Congratulations on your approval!!

Re: NavyFed Platinum approval (low limit)

3se7ens — Tue, 22 Feb 2022 01:44:10 GMT

NavyFed is the Best and the Platinum is a Great card.

Re: NavyFed Platinum approval (low limit)

Anonymalous — Thu, 17 Feb 2022 21:25:43 GMT

$2,500 isn't low, it's respectable. And it's Navy Fed, so it'll grow. Remember to hit the CLI button after 3 full statements cut (min 91 days).

Re: NavyFed Platinum approval (low limit)

cashorcharge — Thu, 17 Feb 2022 21:26:11 GMT

That's terrific!! Congratulations on your NFCU Approval!! 🎉🥂👏

Re: NavyFed Platinum approval (low limit)

Red1Blue — Thu, 17 Feb 2022 21:26:21 GMT

Congratulations @SeeSaw for your NavyFed Platinum approval

Re: NavyFed Platinum approval (low limit)

Anonymalous — Thu, 17 Feb 2022 21:53:49 GMT

@3se7ens wrote:
NavyFed is the Best and the Platinum is a Great card. It'll grow with auto-cli from time to time.
If you request an increase it will always be a HP. Good Luck!

If you hit the CLI button online or in the app, it should be a soft pull. That's how it worked for me, about a week ago. Calling in and talking to a human is typically what triggers a HP.

Edit: Just pulled my reports and checked, and the CLI didn't even result in a new soft pull. They did make a soft Account Review Inquiry (on Equifax) last month, and apparently just used that.

Re: NavyFed Platinum approval (low limit)

Relatxbles — Thu, 17 Feb 2022 22:13:16 GMT

Not bad for a start!

I started with a $500 Platinum and $200 nRewards (secured deposit). It will grow! 🌲

Re: NavyFed Platinum approval (low limit)

thornback — Thu, 17 Feb 2022 22:18:43 GMT

@3se7ens wrote:
NavyFed is the Best and the Platinum is a Great card. It'll grow with auto-cli from time to time.
If you request an increase it will always be a HP. Good Luck!

HP for requested CLI is no longer true - the majority of them are SPs when initiated online or from the app (been this way a little over a year now).

Calling and requesting will likely result in a HP.

OP can request the first CLI at 91/3 and then every 180 days thereafter.

Re: NavyFed Platinum approval (low limit)

CreditAggie — Thu, 17 Feb 2022 22:23:45 GMT

Congratulations on your Navy Platinum approval!

Re: NavyFed Platinum approval (low limit)

AverageJoesCredit — Thu, 17 Feb 2022 22:34:32 GMT

@3se7ens wrote:
NavyFed is the Best and the Platinum is a Great card. It'll grow with auto-cli from time to time.
If you request an increase it will always be a HP. Good Luck!

That is not true. Most people can get sp cli if eligible simply by applying through app or website. Having ones reports on ice or locked helps but there are many reports of people without locked reports getting cli sanz hp.

Op, curious as to your current profile. You say $2500 is a low sl and to some it is but its also relative. We all know Navy cards grow so no problem there. Thanks for sharing any additional dps and congratulations 👏

Re: NavyFed Platinum approval (low limit)

AverageJoesCredit — Thu, 17 Feb 2022 22:36:06 GMT

@3se7ens wrote:
NavyFed is the Best and the Platinum is a Great card. It'll grow with auto-cli from time to time.
If you request an increase it will always be a HP. Good Luck!

Sorry to add lol but not everyone sees auto cli . Ive only received one in my 5 years with Navy so depending on one isnt a sound strategy imo.

Re: NavyFed Platinum approval (low limit)

gdale6 — Fri, 18 Feb 2022 16:34:10 GMT

Grats on your Navy Platinum approval

Re: NavyFed Platinum approval (low limit)

SeeSaw — Fri, 18 Feb 2022 16:54:22 GMT

Sure. Here are my personal data points.

12/21

Joined NavyFed and moved all my accounts over from Wells

Opened checking/savings for both personal/business

Opened nRewards card secured with $1000

Opened pledge loan $1000

I own a trucking company with average monthly deposits $15K-$18K

I don't remember my exact scores at the time of joining but here are the guestimates:

EQ 698

TU 687

EX 675

I went on a bit of an app spree in December which I kinda regret because my scores all took a big hit of about 75 points.

Added 5 cards

Amex Hilton Honors $1000

Amex BCP $1000

Discover it Chrome $3000

Sallie Mae Accelerate $1250

Prosper $1200

As of today, all scores are rebounding nicely. 650-660

Utilization as of today is around 18%

When I joined NFCU, I wasn't prequalified for any cards so I decided to garden. Last week i noticed that I was prequalified for all their cards so I decided to go for the platinum with hopes of transferring the balace from my Barclays arrival plus $2200, and later maybe some other small balances. But my starting limit is $2500 and with that balance transfer, my utilization around 88% out the gate on that card, so i'll be paying it off as soon as the balance transfer posts.

I have also, started building a relationship with PenFed also checking/savings. No cards as of yet.

Re: NavyFed Platinum approval (low limit)

Flex1 — Fri, 18 Feb 2022 17:15:38 GMT

@SeeSaw wrote:
Apparently I took a wrong turn a few days ago while walking through the garden. I somehow ended up with a NavyFed Platinum card SL $2500, lol. I requested a reconsideration of the low starting limit. To my surprise I received a 2nd TU hard pull. Alas, it was not meant to be. I'll start my first unsecured card journey with NavyFed at $2500.

Congrats on the approval! I know the $2,500 doesn't feel great. But, Navy Fed is a really good CU. There are periods where CL's are more likely to be high and periods where CL's are more likely to be low. I use this forum as a guide to assist me in my timing. I have two Navy Fed cards, thanks to this forum. I also thank this forum for me applying at the right time, when many other applicant's were having great success with desired SL's. These app spree's can be fun, with the right timing and a little luck. Hang in there!