topic Re: NFCU CLI SP?? in Credit Card Applications

NFCU CLI SP?? - Updated again 8/15

Anonymous — Sat, 15 Aug 2020 13:31:29 GMT

Good evening everyone! I know it's been discussed many, many times but there seems to be some conflicting information lately on Navy's use of SP for CLI's. My 91/3 is tomorrow and I would like to request a CLI on my More Rewards card, however, I was just approved today for a PenFed PCR at the highest SL in my rebuilt ($5000). Since NFCU uses EQ data for CLI's and PenFed pulls EQ I'm nervous to risk a hard pull and possibly raise eyebrows at PenFed.

My question is for those who have requested in the last week or two, did you experience a hard pull?

Thanks everyone!

Re: NFCU CLI SP??

Mr_Mojo_Risin — Sun, 26 Jul 2020 01:16:48 GMT

As long as you request on app or website should be SP.

I requested in website last week and it was SP. YEMV.

Re: NFCU CLI SP??

AllZero — Sun, 26 Jul 2020 01:19:35 GMT

Only 2 HP reported from countless SP CLI. It's recommend to request on line or phone app. Doing with CSR may result in HP.

To ensure no HP, freeze your reports.

@CreditInspired wrote:
Freeze your credit with Equifax, Experian and TransUnion

Credit Bureau Online By phone By mail
Visit: Equifax Credit Freeze page 1-800-685-1111 (NY residents call 1-800-349-9960) Equifax Security Freeze, P.O. Box 105788 Atlanta, GA 30348
Visit: Experian Credit Freeze page 1-888-EXPERIAN (1-888-397-3742) Experian Security Freeze, P.O. Box 9554 Allen, TX 75013
Visit: TransUnion Credit Freeze page 1-888-909-8872 TransUnion LLC, P.O. Box 2000
Chester, PA 19016

I found this on https://clark.com/credit/credit-freeze-and-thaw-guide/

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 01:24:23 GMT

@AllZero very good idea. Thank you!

Re: NFCU CLI SP??

AllZero — Sun, 26 Jul 2020 01:30:06 GMT

@Anonymous wrote:
@AllZero very good idea. Thank you!

You are welcome. Good luck on your CLI.

Re: NFCU CLI SP??

800wannabe420 — Sun, 26 Jul 2020 02:01:51 GMT

"My question is for those who have requested in the last week or two, did you experience a hard pull?"

I received a SP CLI last Sunday (7/19) using the app. It appears CLI's are capped at $4K

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 02:21:08 GMT

@800wannabe420 thank you very much for the information!

As a precaution, I took @AllZero advise and all three reports are frozen as well.

Re: NFCU CLI SP??

M_Smart007 — Sun, 26 Jul 2020 02:45:23 GMT

Should be SP ... as @AllZero stated only two records of HP's.

Re: NFCU CLI SP??

Irv02 — Sun, 26 Jul 2020 08:30:36 GMT

@Anonymous I just put in for CLI on 7/23/2020 for my Cash Rewards CC on the mobile app and is was a SP. They gave me $3,000 even though I asked for $5,000. I'm happy!!

Re: NFCU CLI SP??

M_Smart007 — Sun, 26 Jul 2020 08:51:35 GMT

@Irv02 wrote:
@Anonymous I just put in for CLI on 7/23/2020 for my Cash Rewards CC on the mobile app and is was a SP. They gave me $3,000 even though I asked for $5,000. I'm happy!!

Congratulations on your Increase!!!

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 09:00:37 GMT

Congratulations indeed!

Re: NFCU CLI SP??

Mr_Mojo_Risin — Sun, 26 Jul 2020 11:21:46 GMT

@Irv02 Congratulations Irv!!

Navy hooking it up!!

Re: NFCU CLI SP??

AllZero — Sun, 26 Jul 2020 11:27:26 GMT

@Irv02 wrote:
@Anonymous I just put in for CLI on 7/23/2020 for my Cash Rewards CC on the mobile app and is was a SP. They gave me $3,000 even though I asked for $5,000. I'm happy!!

Congratulations on your CLI!

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 12:14:05 GMT

@Irv02Congrats on the increase! I froze my reports last night so going to put in a request this morning!

Re: NFCU CLI SP??

coldfusion — Sun, 26 Jul 2020 14:05:28 GMT

Good luck!

Don't be surprised if it takes 2-3 business days to get a decision. An easy way to check for an approval is to look at the card balance via the moblie app and check the available credit, if there is an approval the available credit and CL will be adjusted almost immediately. I myself had requested one a week ago Thursday and didn't get an approval until last Monday.

Since there are a number of recent data points to support the theory that the maximum SP CLI they are granting right now is $4K I suggest that you tailor your request accordingly.

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 14:12:28 GMT

@coldfusion Thanks for the encouraging words and setting expectations right!

This card was only my second in my rebuild with only a $500 limit. Therefore knowing the 3x max rule I only asked for $2000 hoping they will counter with $1500.

It has been my intention all along to apply for a 2nd card first, but with my PenFed approval this weekend, I've placed myself in the garden until at least next April. At that point Navy will be aged a year, 3 of my 6 TU inquiries will be a year+, and gives my reports 9 months+ to cool off. Hopefully by then the economic factors in play now are relaxed some by then as well.

Again, thanks for you post!!

Re: NFCU CLI SP??

SouthJamaica — Sun, 26 Jul 2020 15:49:22 GMT

@Anonymous wrote:
Good evening everyone! I know it's been discussed many, many times but there seems to be some conflicting information lately on Navy's use of SP for CLI's. My 91/3 is tomorrow and I would like to request a CLI on my More Rewards card, however, I was just approved today for a PenFed PCR at the highest SL in my rebuilt ($5000). Since NFCU uses EQ data for CLI's and PenFed pulls EQ I'm nervous to risk a hard pull and possibly raise eyebrows at PenFed.

My question is for those who have requested in the last week or two, did you experience a hard pull?

Thanks everyone!

I would not count on it being a SP. In my experience it has often been a HP.

Re: NFCU CLI SP??

Anonymous — Sun, 26 Jul 2020 16:10:31 GMT

@SouthJamaica Well, lets hope not since I pulled the trigger this morning. Reports are all three frozen so should get kicked back anyway. If denied for that reason, so be it. Not worth another HP for only a CLI right now.

Thanks for tour input and have a great day!

Re: NFCU CLI SP??

Anonymous — Tue, 28 Jul 2020 14:16:20 GMT

So I hadn't heard anything from my request placed Sunday so called this morning to check status...CLI was declined. Waiting for letter to explain the details.

TBH...was somewhat of a gut punch. Only a $500 card and requested $2000 (expecting a 3X counter to $1500). Since opening I have carried this card daily, putting about $2k spend through it. Paid off multiple times a month, even letting a little report. Card balance was $130 at time of request.

Good news...it was a soft pull. All reports frozen. Last SP from Navy and current FICO 9 they have listed is EQ705.

Wait now for letter and see what the reasoning is. 🤷‍♂️

Re: NFCU CLI SP??

cashorcharge — Tue, 28 Jul 2020 20:37:12 GMT

Congratulations @Irv02 on your increase!!

Credit Bureau	Online	By phone	By mail
	Visit: Equifax Credit Freeze page	1-800-685-1111 (NY residents call 1-800-349-9960)	Equifax Security Freeze, P.O. Box 105788 Atlanta, GA 30348
	Visit: Experian Credit Freeze page	1-888-EXPERIAN (1-888-397-3742)	Experian Security Freeze, P.O. Box 9554 Allen, TX 75013
	Visit: TransUnion Credit Freeze page	1-888-909-8872	TransUnion LLC, P.O. Box 2000 Chester, PA 19016