topic Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products in Credit Card Applications

Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Brian_Earl_Spilner — Fri, 15 Apr 2022 02:29:02 GMT

Welcome aboard the new and improved (shorter) Navy Federal thread!

The goal of the refreshed topic is to make data easier to find by trying to keep the important stuff on the first page. I will try to keep the page as up-to-date as possible. If I'm unable to do so, the leadership team has my permission to edit the posts as needed. Without further ado, anchors aweigh!

MEMBERSHIP REQUIREMENTS

- Active duty

- Veterans with an honorable discharge

- Government Contractors and DoD employees

- Immediate family of eligible members, including up to grandparents/children

- Select Employee Groups (SEGs) such as NASSCO and BAE Systems. They do not list them so please contact membership services

- Roommate of a member. Must make a significant contribution to the household and have proof of financial responsibility

CREDIT PULLS

- Currently using TU9 for everything except CLI requests, but have been known to pull EQ9

- CLI requests use EQ9

- Membership is currently a soft pull, but a hard pull is still possible

- For the best chance of not incurring a HP, avoid calling (if possible) as that will almost guarantee a HP with a CLI request

- If declined on an application, they can possibly reuse the HP within 30 days IF the computer can match your new application with the previous application

CREDIT CARDS

- Pulls TU9

- 3 credit cards maximum, can have a duplicate card

- Maximum initial credit line is typically ~$25K (without POI), although higher starting lines are possible depending on overall profile ($50K maximum). Flagship is the exception with a minimum SL of $5K (although recent DPs have been reported where approvals can occur with SLs <$5K) -- maximum credit line $80K. Recent data points have shown maximum starting credit line for Flagship, at least ~$30k.

- New cards can be applied for at least 91 days/3 full statements after the last one

- DTI appears to be the most important factor

- ~~Credit limits can no longer be reallocated or combined (August 2021)~~. Revised data points have confirmed where credit limit reallocations may be possible if a balance transfer is processed, but results will vary as requests are handled on a case-by-case basis. The stipulation being, the donor card must be open for at least 12 months to process the request (April 2022).

- Cards can be changed to other products

- Pre-qualification portal is not 100% reliable nor guaranteed. The 'late nite hack' has been disproven as well.

- First CLI can be requested after 3 full statements and 91 days have passed. Due to recent delays in processing, it is now recommended to wait at least 95 days or longer for best results

- 181-190 days between CLIs if approved

- Automatic credit limit requests feature can be disabled - call or send a SM to be opted out of such automatic feature

- CLIs use EQ9

- If eligible for a new card and a CLI at the same time, apply for the card first; as a CLI first could possibly lower the starting limit of your new card

- Anything related or specific to NFCU's membership, SSLs, Personal Loans, CLOCs, please post in the Personal Finance section of the forums.

- ~~Credit cards are limited to ~$1,000 credit limits for the first 2 years after bankruptcy discharge~~. Recent data points have confirmed this is not the case.

I will continue to update as I find time. Please PM me to make any corrections or additions. It's beenn brought to my attention that I've missed some tags so this would be the best way. General conversations are welcome, but let's keep "congratulations" comments for the actual approval threads so this topic doesn't get out of hand too quickly. Data points are welcome, you know the usual suspects: scores (FICOs or NFCU's internal score), income, utilization, debt-to-income (DTI) ratio, AAoA, current NFCU products/relationship, etc.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Brian_Earl_Spilner — Wed, 26 May 2021 17:11:21 GMT

RESERVED

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Brian_Earl_Spilner — Wed, 26 May 2021 17:11:40 GMT

RESERVED

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Brian_Earl_Spilner — Wed, 26 May 2021 17:12:02 GMT

RESERVED

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

pizza1 — Wed, 26 May 2021 17:12:24 GMT

Thanks for starting the new Navy thread!

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Falcon9 — Wed, 26 May 2021 17:36:11 GMT

Preface update: Thanks for your kind thoughts but I do not need Congrats on the CLI. I am just documenting that it still appears to be the $4000 amount. Plus it only took one business day. My next one I will wait until Monday morning to submit it.

Saturday (22 May 2021) I submitted a CLI for my Platinum card. Asked for $7000.

$4000 approved this morning (25 May 2021).

I made the mistake of putting the INCREASE in the desired new credit limit block instead of the new total limit. Fortunately their software caught my mistake and I corrected it before submitting the CLI request.

I will do a CLI request on my More Rewards card on 7 June 2021.

I just chatted with NFCU and was told that at least on my More Rewards card, they report the information to credit agencies on the card statement date. The reason I care is that on my NFCU FICO score summary they mention two many credit cards with balances. I have three of four cards with balances so I may be able to ensure that the More Rewards card is zero by paying enough to get my balance to zero a day or two before the statement closes and see if that makes a difference.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Brian_Earl_Spilner — Wed, 26 May 2021 17:13:12 GMT

@Falcon9 wrote:
Saturday (22 May 2021) I submitted a CLI for my Platinum card. Asked for $7000.

$4000 approved this morning (25 May 2021).

I made the mistake of putting the INCREASE in the desired new credit limit block instead of the new total limit. Fortunately their software caught my mistake and I corrected it before submitting the CLI request.

I will do a CLI request on my More Rewards card later this week.

Thanks for reminding me about the pandemic special

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

SPChaser — Wed, 26 May 2021 17:15:23 GMT

@Falcon9 wrote:
Saturday (22 May 2021) I submitted a CLI for my Platinum card. Asked for $7000.

$4000 approved this morning (25 May 2021).

I made the mistake of putting the INCREASE in the desired new credit limit block instead of the new total limit. Fortunately their software caught my mistake and I corrected it before submitting the CLI request.

I will do a CLI request on my More Rewards card later this week.

Congrats on getting that 4K!!! 🥳

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

M_Smart007 — Wed, 26 May 2021 17:15:53 GMT

@Falcon9 wrote:
Saturday (22 May 2021) I submitted a CLI for my Platinum card. Asked for $7000.

$4000 approved this morning (25 May 2021).

I made the mistake of putting the INCREASE in the desired new credit limit block instead of the new total limit. Fortunately their software caught my mistake and I corrected it before submitting the CLI request.

I will do a CLI request on my More Rewards card later this week.

Congratulations on your Platinum CLI !

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Remedios — Wed, 26 May 2021 17:16:18 GMT

Please, save "congratulations" for the actual approval threads, or this one will become "too long to read" in no time.

Asking for additional DPs and having conversations while congratulating someone is perfectly fine, but "congrats only" posts belong in approvals.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

AverageJoesCredit — Wed, 26 May 2021 17:16:37 GMT

@Remedios wrote:
Please, save "congratulations" for the actual approval threads, or this one will become "too long to read" in no time.

Asking for additional DPs and having conversations while congratulating someone is perfectly fine, but "congrats only" posts belong in approvals.

This, +1 Cmon guys and gals, please take a moment to actually read the preface of this thread. Thanks and enjoy the new thread

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Anonymous — Wed, 26 May 2021 17:17:02 GMT

A new beginning. Glad I seen that before it was placed too far down the road. I never new NFCU was using TU9 until reading about the new thread.

Thank you for the new thread already learned something new.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Duke_Nukem — Wed, 26 May 2021 17:17:24 GMT

Ahhhh, jumping into this new NFCU thread with my patented CANONBALL to get my feet wet!

Was just approved for NFCU Platinum with a SL $25,000 @ 5.99% ! My 1st NFCU card! Woohoo!

Will post in the Approvals thread later for the "congrats", but here are a few DP's to digest...

NFCU member for over 2 years
Have checking, savings, and Special CD. It was my main checking account until very recently.
Inquiries (# / months): 0/3, 1/6, 3/12, 3/24
# of new CC's on credit reports (# / months): 0/3, 5/6, 5/12 (my new Affinity CC hasn't reported yet)
ETA: forgot a biggie... TU was 749 on 5/1 and probably unchanged since
Also, BK7 from 2012 still on reports
UTI < 1%

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Merc1776 — Wed, 26 May 2021 17:17:55 GMT

@Duke_Nukem wrote:
Ahhhh, jumping into this new NFCU thread with my patented CANONBALL to get my feet wet!

Was just approved for NFCU Platinum with a SL $25,000 @ 5.99% ! My 1st NFCU card! Woohoo!
Will post in the Approvals thread later for the "congrats", but here are a few DP's to digest...
NFCU member for over 2 years
Have checking, savings, and Special CD. It was my main checking account until very recently.
Inquiries (# / months): 0/3, 1/6, 3/12, 3/24
# of new CC's on credit reports (# / months): 0/3, 5/6, 5/12 (my new Affinity CC hasn't reported yet)
ETA: forgot a biggie... TU was 749 on 5/1 and probably unchanged since
Also, BK7 from 2012 still on reports
UTI < 1%

Was the 1st cards CL decent you had at NFCU?

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

FinStar — Wed, 26 May 2021 17:18:15 GMT

@Remedios wrote:
Please, save "congratulations" for the actual approval threads, or this one will become "too long to read" in no time.

Asking for additional DPs and having conversations while congratulating someone is perfectly fine, but "congrats only" posts belong in approvals.

Adding to the above, and for a more seamless interaction, please be sure to use the "quote" feature (if applicable) so that members know which post and who you are replying to. As far as the "congratulations only" piece, just kudo the post -- no need to clutter things up 😉

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

collics — Wed, 26 May 2021 17:18:40 GMT

Question: What's the difference, or benefit, of the Cash Rewards being Visa Signature?

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Jazee — Wed, 26 May 2021 18:03:12 GMT

Regarding CLIs seems the consensus they are currently soft pulls. I requested on my Platinum after 100 days right after Visa Signature approval. I locked my TU file to be safe. No instance response so I assume it's probably a denial. I never read anything about 181 days for CLI's until I saw it in the summary info on this new thread. So new cards are 91 days (3 full statements) and CLIs on a new card are basically 6 statements? I suppose with my file locked, no harm no foul for being premature on the Platinum CLI request and I'll just wait 3 more statements.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Falcon9 — Wed, 26 May 2021 19:24:52 GMT

Jazee, the FIRST chance to request a CLI on a new card is supposedly 91 days/three statements then goes to six months (statements?) for subsequent CLIs.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

Anonymous — Thu, 27 May 2021 01:10:07 GMT

@Falcon9 wrote:
Jazee, the FIRST chance to request a CLI on a new card is supposedly 91 days/three statements then goes to six months (statements?) for subsequent CLIs.

There's no "supposedly" to it.

Re: Navy Federal Datapoints Thread for Membership, CLIs, and Credit Card Products

M_Smart007 — Wed, 26 May 2021 22:26:51 GMT

@collics wrote:
Question: What's the difference, or benefit, of the Cash Rewards being Visa Signature?

@collics..Usually the big one is; being able to charge over your CL within a monthly statement cycle.