topic Navy federal AMEX approval in Credit Card Approvals

Navy federal AMEX approval

shasta — Sat, 06 May 2023 22:44:01 GMT

I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.

I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.

Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?

Re: Navy federal AMEX approval

Jeffster1 — Sat, 06 May 2023 23:15:22 GMT

@shasta wrote:
I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.
I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.
Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?

The NFCU Amex card is not issued by Amex. It is only on the Amex payment network. Having an NFCU Amex doesn't build history with Amex.

Re: Navy federal AMEX approval

CreditMagic7 — Sat, 06 May 2023 23:20:27 GMT

Congrats on your NFCU Approval (I hope). At that line it will take a good while to raise it unfortunately.

Nothing to do with a genuine AmEx Card either. Only branded to run on their network.

Re: Navy federal AMEX approval

shasta — Sat, 06 May 2023 23:22:13 GMT

thanks, everyone, I didn't know it wasn't a real AMEX

Re: Navy federal AMEX approval

NoMoreDebt — Sat, 06 May 2023 23:36:30 GMT

congrats on the approval

Re: Navy federal AMEX approval

SUPERSQUID — Sat, 06 May 2023 23:39:40 GMT

@shasta wrote:
I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.
I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.
Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?

As mentioned upthread the card is not directly from Amex so it has nothing to do with them at all.

Don't fret the smallish sl, you can regularly ask for cli's, the first one at 3 full statements and 91 days and then after that every 6 full statements and 181 days.

Example - I was approved for the Navy Platinum 1000 sl in april/22 that card has a 9000 cl today.

the max cli they are giving right now is 8k but if your cl is below 3k the max cli is 3 x your cl, ymmv

Re: Navy federal AMEX approval

CreditAggie — Sat, 06 May 2023 23:43:07 GMT

Congratulations on your Navy approval!

Re: Navy federal AMEX approval

M_Smart007 — Sun, 07 May 2023 00:21:00 GMT

Congrats on your NFCU Approval!

Re: Navy federal AMEX approval

Jeffster1 — Sun, 07 May 2023 00:29:02 GMT

Congrats!

Re: Navy federal AMEX approval

Creditwiser — Sun, 07 May 2023 00:36:01 GMT

@shasta wrote:
I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.
I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.
Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?

I suspect it won't take much longer for you to get back in with Amex provided you CR's remain clean. Many, myself included have got back in with AMEX after BK. You'll get there. You didn't burn them and thats in your favor . Try checking for prequals every so often.

Re: Navy federal AMEX approval

Creditwiser — Sun, 07 May 2023 00:37:19 GMT

And Congrats on your approval !

Re: Navy federal AMEX approval

DONZI — Sun, 07 May 2023 03:51:40 GMT

@shasta wrote:
thanks, everyone, I didn't know it wasn't a real AMEX

Nice card, enjoy!

It sort is a 'real' amex although that's not maybe the best word to describe the card.. You can now probably use amex connect via NFCU and also IIRC some of the other benefits are real amex benefits too.

Re: Navy federal AMEX approval

CH-7-Mission-Accomplished — Sun, 07 May 2023 05:02:48 GMT

@shasta wrote:
I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.
I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.
Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?

Keep checking the AMEX pre-quals. There are a lot of data points here on myFICO and on other credit fora that show people with BK's getting in at 61 months post-filing if they did not burn AMEX. If AMEX took a loss, it's at least 10 years and maybe 20-plus. You should be able to get back in with them now. You might contact them and confirm that they don't show you having burned them for any money.

Re: Navy federal AMEX approval

FireMedic1 — Sun, 07 May 2023 11:01:04 GMT

Congrats. You still get some nice AMEX perks with the card even though it isnt a true AMEX Card:

https://www.navyfederal.org/loans-cards/credit-cards/more-rewards/features.html

Re: Navy federal AMEX approval

sznthescore — Sun, 07 May 2023 17:18:03 GMT

Congrats on your approval! The card will grow... I have the card as well, it almost compares to AMEX BCE.

Re: Navy federal AMEX approval

JoeRockhead — Sun, 07 May 2023 20:02:15 GMT

Congratulations on the approval!

Re: Navy federal AMEX approval

GZG — Sun, 07 May 2023 20:03:50 GMT

@shasta wrote:
but they approved me for a toy limit of $500 on their AMEX

enjoy the SUB right now

and you can earn 25,000 bonus points (a $250 value) when you spend $3,000 within 90 days of account opening.

Plus, you can get a one-time $49 statement credit when you purchase an annual Walmart+ subscription (half off

Re: Navy federal AMEX approval

alextercero — Tue, 09 May 2023 04:48:01 GMT

Congrats on the approval

Re: Navy federal AMEX approval

Jeffster1 — Tue, 09 May 2023 05:03:07 GMT

@CH-7-Mission-Accomplished wrote:
@shasta wrote:
I had an AMEX gold card for 10 years, closed the account, got a regular one, and had it for a couple of years. It was foolishly included in bankruptcy (it was paid off and I was in good standing). I am 6 years post-bankruptcy discharge and I've tried a few times to get back in with AMEX and they said no because of the bankruptcy.
I've had a Navy federal account for years and didn't really use it much, but they approved me for a toy limit of $500 on their AMEX card. I reconned to no avail.
Does anyone think this is a step in getting back in good graces with AMEX, even though it's through Navy federal?
Keep checking the AMEX pre-quals. There are a lot of data points here on myFICO and on other credit fora that show people with BK's getting in at 61 months post-filing if they did not burn AMEX. If AMEX took a loss, it's at least 10 years and maybe 20-plus. You should be able to get back in with them now. You might contact them and confirm that they don't show you having burned them for any money.

I IIB Amex and got back in at 61 months exactly.

Re: Navy federal AMEX approval

CH-7-Mission-Accomplished — Tue, 09 May 2023 14:18:34 GMT

That's great! How much did you burn them for? I'm coming up on 10 years and I regularly try the pre-qual button and they always send me a letter telling me "go away, we don't like you anymore." LOL.