topic Re: NFCU CLI? in Credit Card Applications

NFCU CLI?

Anonymous — Mon, 12 Jun 2017 19:20:53 GMT

Just wanted to confirm a few things before requesting this CLI w/ NFCU.

1. I opened the account on 3/15, day 90 is tomorrow. Is day 90 the magic day, or is it 91?

2. This is generally a SP, but could be a HP - Correct? If it is a HP, any experience adding CLOC application to the mix?

3. My current CL is $1,300 - should I really be requesting MAX?

4. My 3rd statment ran last week on 6/7 w/ a $120ish balance - should I pay this off before requesting the CLI or is this irrelevant?

I have a large (to me!) purchase I want to place on the card before the sale/stock depletes (tomorrow, can maye stretch to wensday), but don't want to do it until after the CLI..

Re: NFCU CLI?

Aduke1122 — Mon, 12 Jun 2017 19:31:10 GMT

It is always best to wait until several days past the 90 day mark as we have often seen others be off on their calculations and get a denial . As far as the Sp vs Hp there is no way to know until it happens , if it's an instant approval it's a SP if it goes to review it's gonna be a Hp . It all depends on your profile and internal score with them . I don't think having a 120 balance is too bad but they can been very strict of DTI and UTi so if you have other factors in your reports that would throw that off I would pay it off bf requesting CLI .

As far as the Cloc goes that is a completely different dept and will be always a Hp unless it's piggybacked during an auto loan app . Just bc you get a review for a CLI via Hp doesn't matter u still have to app for the Cloc and it will be yet another Hp , my only complaint about them is that they love to HP no matter the time frame from the last one . I have too many Hps hair from a Navy fed alone .

Re: NFCU CLI?

Anonymous — Mon, 12 Jun 2017 20:01:21 GMT

If I am denied for apping to early, is that a HP? - 3/15 open date is confirmed, I sent a msg last month requesting date info for sign up bonus and they confirmed opened on 3/15.

Re: NFCU CLI?

CreditInspired — Mon, 12 Jun 2017 21:01:16 GMT

The next AR is end of June, beginning of July and although there is a possibility of a SP, I always assume a HP with NFCU.

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 00:49:51 GMT

The next AR is literally weeks away so I personally would wait until the next upcoming AR to request a cli. Because if NFCU can increase your limit based on a recent AR that would be ideal. But it's up to you if you want to pull the trigger now or wait.

Re: NFCU CLI?

AverageJoesCredit — Tue, 13 Jun 2017 01:45:36 GMT

Agree with Mama_Pearl, id wait a couple weeks more just to better my odds and hit max button. You want to time it more after a AR than before. I tried the before approach and got the too soon letters. If you wait til the first week of Jully, youll 100% know heading in you have the required 90 plus days and you're 3 statement cuts

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 07:35:18 GMT

The three statements plus 91 days is not really accurate. You want to apply on day 91 or later but you don't need to wait for the third statement. Just got a nice CLI for my wife on day 92, 7 days before the 3rd statement cut.

I agree with the folks above that waiting till the AR in couple of weeks is probably the best strategy to avoid an HP and perhaps get the best CLI. If you need the CLI now certainly go for it but if you can wait that is probably best.

Re: NFCU CLI?

CreditInspired — Tue, 13 Jun 2017 10:37:04 GMT

Ohsnaps, at a minimum, please wait for 3 statements to cut plus 91 days. Remember that everyone's mileage may vary. But, you want to be in the best position to get a sizable CLI and not a letter stating, "not enough experience!"

Re: NFCU CLI?

AverageJoesCredit — Tue, 13 Jun 2017 12:19:36 GMT

The 3 statement cuts may bring ymmv but i think its a good enough limit to wait to request a cli. Couple days or a week or two is well worth waiting for sum Navy love

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 12:25:33 GMT

I say wait for the AR as well. I'll be going for my 90 day CLI once that happens at the end of the month early next month. I'm eligible on the 6/23 but will happily wait for the AR just to be certain I get it! Currently at $14,300 CL and hoping for the max $25,000 CL with a SP!!!

Most should have 3 statements cut before they are at their 90 days anyway. My third statement cut today and my 90 days isn't until the 23rd so...

So, wait for the AR for optimum card stacking in your favor! It can't hurt unless your credit has decreased and this AR will reflect it.

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 13:42:17 GMT

I appreciate all the feedback and support; my 3rd statement cut sometime last week and today is day 90.

As much as I would like to wait, tomorrow is the absolute last day I can take advantage of a sale price that is pretty substantial. I have put down a cash deposit that I forfeit unless I p/u tomorrow. I CAN spread the purchase across a few smaller CL's if needed, but rather put on this one.

So it seems like YMMV, but your eligible at day 90 + 3 statements cut? - If i'm declined for too early it's probably a HP but maybe not? Is that all correct?

My profile has improved by about 30-40 points since card opening, I have 2 substantial CLI's on sync cards, and opened an Amex card - however I don't expect the AMEX to report until well after the July AR.

Hoping to have a jumping for joy post in the approvals section shortly....

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 15:06:16 GMT

@Anonymous wrote:
I appreciate all the feedback and support; my 3rd statement cut sometime last week and today is day 90.

As much as I would like to wait, tomorrow is the absolute last day I can take advantage of a sale price that is pretty substantial. I have put down a cash deposit that I forfeit unless I p/u tomorrow. I CAN spread the purchase across a few smaller CL's if needed, but rather put on this one.

So it seems like YMMV, but your eligible at day 90 + 3 statements cut? - If i'm declined for too early it's probably a HP but maybe not? Is that all correct?

My profile has improved by about 30-40 points since card opening, I have 2 substantial CLI's on sync cards, and opened an Amex card - however I don't expect the AMEX to report until well after the July AR.

Hoping to have a jumping for joy post in the approvals section shortly....

Not to sound like a lecture but, I wouldn't of put a cash deposit I'd lose down on hopes of a CLI from a credit card company.

With that out of the way, if you are early, it will be a straight denial and no hard pull from what I have seen from others who pull the trigger too early. As far as your credit score raising 30-40 points, the current AR they have on file is from the end of April I believe as it was reported as being seen around the April 30th I believe if memory serves me correctly(which isn't likely lol). What this means is you may get a denial based on old info or it may kick it to review to a LO which means a brand new HP on your credit. As always with NFCU though, you should expect a HP with anything you request as they are HP happy!

It is suggested to always wait for a fresh AR for the system to have for an instant approval with a SP. I suppose if you don't mind the HP, as long as you are past your 90 days, go for it. Just know, it is suggested to wait as it could be lucrative doing so. Higher credit limit increase, no HP etc etc.

Good luck with whatever you choose to do! Let us know the outcome!

Re: NFCU CLI?

Aduke1122 — Tue, 13 Jun 2017 18:00:13 GMT

Yes they have changed up their AR schedule sing the last one was done in March 30th i thought, so it would be a pretty old AR , I would wait for a fresh one for best chance

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 21:51:06 GMT

No lecture, I appreciate your guys opinions and feedback - without your support and knowledge there is no way I would be here today, I'm sure that rings true for many new members. Thank you, thank you, thank you.

To clarify I dont "need" the CLI to avoid losing my deposit. I can pay it in cash, or pay it amongst 2 or 3 other CC's. I want to use this card for the purchase, but if I don't get CLI it's not the end of the world - i'll still make my purchase and avoid losing the deposit, just not in the "manner" I intended to.

UPDATE: I applied and was given 24 hr message, I ended up chatting with a rep tonight who said it was denied and expect a letter 7-10 days. She also says she did not see where a HP was done, nor have I had any alerts. Today was day 90, so it seems I may of been declined for being too early IE never sent to UW / no HP? March 15 confirmed start date.

In my mind, I sit tight and wait until the next AR is done and then request again. Even if I did get a HP today, and end up getting another after AR not the end of the world..I have 11-13 depending on report and over 7 fall off the next month and a half.

With that being said, from a data point perspective what's the general consensus on in theory trying tomorrowat day 91? This would confirm the 90 day vs 91 day (if not already!) and the I'm confident if an HP was done today, I would see it by tomorrow and could better determine denial reason. Recon? Again, I'm pretty dead set on waiting until the next AR and already see where I should have KEPT following the great advice I always recieve here - but what's the data say on "what if..."

Sorry for the novel...

Re: NFCU CLI?

IncrsCreditScore1 — Tue, 13 Jun 2017 22:09:34 GMT

Ohsnaps, March 15 was the 74th day of the year. All you had to do to determine the 91st day was to add 91 to the 74 which will be June 14th. Try that strategy the next time you are looking for a specific day number.

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 22:17:51 GMT

Sounds like you hit the luv button a day too soon. Tomorrow is the big day. I suppose you could try again tomorrow. Not sure. Perhaps someone more versed in NFCU can answer that better!

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 22:47:57 GMT

Thanks, I was unsure if it was 90 days or 91 and had asked a couple of times - thought it was worth giving it a try.

Re: NFCU CLI?

IncrsCreditScore1 — Tue, 13 Jun 2017 22:50:14 GMT

I believe you have to wait at least 1 month or it may be 6 months to apply after a declination. Someone more knowledgeable please advise.

Re: NFCU CLI?

Anonymous — Tue, 13 Jun 2017 23:01:24 GMT

I believe I read previously that applies to all declines outside of "too early"; and if I recall it is 6mo. The theory is as it was too early, no review was done, no pull, no send to UW etc almost as if it didin't happen.

I sure hope that wasn't during a dream or something stupid lol..If I really screwed myself out of a cli after AR (hp or not) I will be furious at myself lol...I will be responding to ALL cli posts w/ a big PSA about it..half kidding...

Re: NFCU CLI?

Anonymous — Wed, 14 Jun 2017 00:32:14 GMT

Hmmm... I would wait until the upcoming AR to try again. What if you tried tomorrow & it declines you again plus the high possibility of a HP. Are you wanting to make the purchase on the Navy card to avoid spreading the purchase amt between 2-3 cards? If that's the case, you can always do a balance transfer to the Nfcu card no xfer fees. Not everyone is lucky enough to get a cli on day 91. I couldn't get an increase on my first card until 6mos in whereas few others had to wait an entire year for their first increase.

But if you're willing to take the chance then GL! 😁