topic Re: Navy Federal Credit Union NFCU Cash Rewards increase in Credit Card Approvals

Navy Federal Credit Union NFCU Cash Rewards increase

freshstart26 — Sat, 09 Apr 2022 05:02:08 GMT

Hi! I was approved for the Nrewards secured card towards the end of 2019. This was a little over a year after a Chapter 13 discharge. My card graduated to a Cashrewards card with a $2,000 credit limit. They kept offering me automatic increases occasionally. I think the next one was $3,500. Then it increased to $5,000. Then last night I noticed that they increased it to $7,000. The point of this post is to give others hope. I know I felt like we would never recover from our 5 year bankruptcy. Hang in there..Keep making payments on time and gradually your score will recover.

Re: Navy Federal Credit Union NFCU Cash Rewards increase

babygirl1256 — Sat, 09 Apr 2022 05:59:13 GMT

Congrats on your NFCU Cash Rewards auto-increases . . . best wishes as you continue your credit rebuild and thanks for encouraging myFICO family members!!!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

lovebackwards — Sat, 09 Apr 2022 08:15:33 GMT

@freshstart26 wrote:
Hi! I was approved for the Nrewards secured card towards the end of 2019. This was a little over a year after a Chapter 13 discharge. My card graduated to a Cashrewards card with a $2,000 credit limit. They kept offering me automatic increases occasionally. I think the next one was $3,500. Then it increased to $5,000. Then last night I noticed that they increased it to $7,000. The point of this post is to give others hope. I know I felt like we would never recover from our 5 year bankruptcy. Hang in there..Keep making payments on time and gradually your score will recover.

Congrats on your auto increases!

I recently requested an increase, but was declined. Currently waiting on the denial letter, but this post is very encouraging. Thank you for posting!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

gdale6 — Sat, 09 Apr 2022 15:34:59 GMT

Yes responsible use results in CLIs, grats on them

Re: Navy Federal Credit Union NFCU Cash Rewards increase

cashorcharge — Sat, 09 Apr 2022 16:35:40 GMT

Congratulations on your NFCU Approval!!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

CreditMagic7 — Sun, 10 Apr 2022 01:54:41 GMT

Congratulations on the NFCU CR Increase!!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

CreditAggie — Sun, 10 Apr 2022 06:03:43 GMT

Congratulations on your NFCU CLI!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

Guyatthebeach — Sun, 10 Apr 2022 12:39:02 GMT

Freshstart26,

Congratulations on your CLI and your rebuild. It's great to people having successful rebuilds after going through bankruptcies. I know myself after recovering from a Chapter 7 bankruptcy.

As you have had auto CLI's, did your APR decrease as well? If not you should call the credit card department and ask for an APR review to lower your rate. I've don't regularly over the years, and I'm now at the lowest rates on my cash rewards and my Flagship cards.

Guyatthebeach

Re: Navy Federal Credit Union NFCU Cash Rewards increase

everest — Sun, 10 Apr 2022 15:18:19 GMT

Congrats on your NFCU CLI! 🎉

Re: Navy Federal Credit Union NFCU Cash Rewards increase

freshstart26 — Wed, 27 Apr 2022 11:34:45 GMT

Thank you @Guyatthebeach !!
I just read the suggestion about asking for the interest rate to be reduced. Last night I asked for a product change (cashrewards to flagship). Anyway, I did not ask for a lower rate (did not think to ask) but they lowered it on their own. I had 17% (?) and they lowered it to 9.99%.

Re: Navy Federal Credit Union NFCU Cash Rewards increase

SUPERSQUID — Wed, 27 Apr 2022 12:02:33 GMT

@Guyatthebeach wrote:
Freshstart26,

Congratulations on your CLI and your rebuild. It's great to people having successful rebuilds after going through bankruptcies. I know myself after recovering from a Chapter 7 bankruptcy.

As you have had auto CLI's, did your APR decrease as well? If not you should call the credit card department and ask for an APR review to lower your rate. I've don't regularly over the years, and I'm now at the lowest rates on my cash rewards and my Flagship cards.

Guyatthebeach

Is that request a pull? sp or hp?

Re: Navy Federal Credit Union NFCU Cash Rewards increase

Guyatthebeach — Thu, 28 Apr 2022 02:32:46 GMT

Supersquid,

When I did those requests, they were all SP's for me.

Guyatthebeach

Re: Navy Federal Credit Union NFCU Cash Rewards increase

DesertWanderer — Thu, 28 Apr 2022 03:30:18 GMT

Congrats on your success!

Re: Navy Federal Credit Union NFCU Cash Rewards increase

freshstart26 — Sun, 04 Sep 2022 14:32:44 GMT

I just wanted to update this thread. I received another automatic increase. They increased my credit limit to $9,000. Not bad when you consider that I started out with a $250 secured card after my Chapter 13 bankruptcy discharge in 2018. The bankruptcy was discharged in 2018. The card was approved in 2019.

Re: Navy Federal Credit Union NFCU Cash Rewards increase

FireMedic1 — Sun, 04 Sep 2022 16:35:17 GMT

Congrats @freshstart26 !

Re: Navy Federal Credit Union NFCU Cash Rewards increase

freshstart26 — Mon, 05 Sep 2022 13:44:15 GMT

Thank you!