topic Re: NFCU Cash Rewards Approval + More Rewards CLI Pending in Credit Card Approvals

NFCU Cash Rewards Approval + More Rewards CLI Pending

keekers — Fri, 01 Jul 2022 18:59:10 GMT

Today I decided to pull the trigger and app for the NFCU Cash Rewards card; I was instantly approved with a $25K SL. I then requested my first CLI on my NFCU More Rewards card after 91/3 (it's been around 100 days). My SL was also $25K and I asked for $8K...I got the "under review" message. Hopefully there's some juice left in the lemon but I guess we will see...I will update once I get the results. Some DPs: of course they pulled TU for my app which shows a FICO score of 676 as of today (I have a few charge offs from ~6 years ago) and it was my 7th inquiry. Income is low 6 figures.

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

CreditMagic7 — Fri, 01 Jul 2022 19:10:28 GMT

Congratulations on your new NFCU Cash Rewards Card Approval!!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

NalekSok — Fri, 01 Jul 2022 19:11:59 GMT

Congratulations on your approval! 🎉

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

gdale6 — Fri, 01 Jul 2022 20:22:18 GMT

Excellent SL on the cash rewards, grats on it

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

Papa_Bear — Fri, 01 Jul 2022 20:59:12 GMT

Congrats on the approval!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

cashorcharge — Fri, 01 Jul 2022 21:59:12 GMT

WooHoo!! Congratulations on your NFCU Approval!!👏🏼🍾🥂

Good luck on the CLI!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

KingRue8500 — Fri, 01 Jul 2022 23:00:30 GMT

Congrats on your NFCU cashRewards approval

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

babygirl1256 — Fri, 01 Jul 2022 23:08:14 GMT

Congrats on your NFCU Cash Rewards approval.

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

user979797 — Sat, 02 Jul 2022 01:39:54 GMT

Congratulations on a excellent starting line with a great credit union. Hope your increase comes through fingers crossed! Thank you for the data points.

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

Elpadrino1 — Sat, 02 Jul 2022 01:41:19 GMT

Congratulations on your approval!!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

GatorGuy — Sat, 02 Jul 2022 02:06:10 GMT

Congrats on your solid approval and good luck with the CLI!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

CreditAggie — Sat, 02 Jul 2022 06:04:35 GMT

Congratulations on your NFCU Cash Rewards approval!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

keekers — Mon, 04 Jul 2022 04:59:19 GMT

Update on the CLI request...I had to call in to activate my new Cash Rewards card for Apple Pay and I asked the rep about my CLI request...it was denied. He mentioned that he couldn't see the reason why but the letter was coming in the mail. He also mentioned that if the reason was due to having an existing balance on my card (I have ~$400 currently out of a $25K limit; I didn't think that was a big deal) I could pay off the balance and send a message asking for a reconsideration. Waiting on the letter to see what the reason for denial was. I'll update once again once I get it. As a side note, how often can you request a CLI after a denial with NFCU?

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

800wannabe420 — Tue, 05 Jul 2022 08:24:00 GMT

@keekers wrote:
Update on the CLI request...I had to call in to activate my new Cash Rewards card for Apple Pay and I asked the rep about my CLI request...it was denied. He mentioned that he couldn't see the reason why but the letter was coming in the mail. He also mentioned that if the reason was due to having an existing balance on my card (I have ~$400 currently out of a $25K limit; I didn't think that was a big deal) I could pay off the balance and send a message asking for a reconsideration. Waiting on the letter to see what the reason for denial was. I'll update once again once I get it. As a side note, how often can you request a CLI after a denial with NFCU?

@keekers

I am thinking you might be at NFCU's internal max limit that they are comfortable with (at this time).

You doubled your unsecured limit from 25K to 50K after only having the More Rewards for around 100 days.

The good news is your max limit will increase over time with responsible use.

NFCU is truly a relationship bank and I feel confident that in another 6 months or so your CLI request could be successful baring a downward turn of your credit profile.

I don't think there is any time limit between requesting a CLI after a denial but if you have bumped up against your max limit, I would wait at least 6 months or so before requesting again.

Congrats on the new card!!!

Navy must really like something they see to hand out two 25K SLs!!!

Re: NFCU Cash Rewards Approval + More Rewards CLI Pending

keekers — Mon, 11 Jul 2022 21:23:39 GMT

You nailed it, @800wannabe420. I got the letter in the mail today that basically said as much. I really can't complain.