topic Re: Navy FCU CLI Decline in Credit Card Applications

Navy FCU CLI Decline

dytch2220 — Sun, 04 Dec 2022 18:00:34 GMT

I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?

Re: Navy FCU CLI Decline

GZG — Sun, 04 Dec 2022 18:03:25 GMT

@dytch2220 wrote:
I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?

Perhaps it's an income or DTI thing?

Re: Navy FCU CLI Decline

dytch2220 — Sun, 04 Dec 2022 18:20:46 GMT

@GZG wrote:
@dytch2220 wrote:
I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
Perhaps it's an income or DTI thing?

Income is pretty solid, DTI is possible because my truck loan is a bit high and at the time I req'd CLI had very high revolving utilization. What threw me off is that it didn't specify these issues in the denial and made it seem like it's not possible to get a higher limit than $7300 with Navy.

Re: Navy FCU CLI Decline

GZG — Sun, 04 Dec 2022 18:24:53 GMT

@dytch2220 wrote:
@GZG wrote:
@dytch2220 wrote:
I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
Perhaps it's an income or DTI thing?
Income is pretty solid, DTI is possible because my truck loan is a bit high and at the time I req'd CLI had very high revolving utilization. What threw me off is that it didn't specify these issues in the denial and made it seem like it's not possible to get a higher limit than $7300 with Navy.

it's their current cap for your current profile, not forever. Getting the Utilz down and trying again might help.

I would consider calling them to prevent automatic CLIs in the future so you can make the most out of them when you do request them.

Perhaps if Utilz goes down, DTI goes down, income goes up, time passes, you use Navy stuff more they might be more willing to grant CLIs in the future.

Re: Navy FCU CLI Decline

SUPERSQUID — Sun, 04 Dec 2022 18:41:10 GMT

Its only a temporary thing with them. Once you lower your utilization they should go higher, they are very DTI oriented. ymmv

Re: Navy FCU CLI Decline

dytch2220 — Sun, 04 Dec 2022 19:28:16 GMT

@SUPERSQUID wrote:
Its only a temporary thing with them. Once you lower your utilization they should go higher, they are very DTI oriented. ymmv

Do I need to wait any amount of time after the prior CLI, or good to go as soon as utilization is reported?

Re: Navy FCU CLI Decline

SUPERSQUID — Sun, 04 Dec 2022 19:58:22 GMT

@dytch2220 wrote:
@SUPERSQUID wrote:
Its only a temporary thing with them. Once you lower your utilization they should go higher, they are very DTI oriented. ymmv
Do I need to wait any amount of time after the prior CLI, or good to go as soon as utilization is reported?

The clock does not reset with a denial so you can request any time in the future

The first cli request after the navy card is opened should be after 91 days and 3 full statements.

Then further cli requests can be made at 181 days 6 full statements from the previous cli.

Denials dont reset the clock so if you are beyond 181/6 full you can ask at any time

Re: Navy FCU CLI Decline

Adkins — Mon, 05 Dec 2022 00:45:53 GMT

@dytch2220 wrote:
I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?

I had that denial reason code for two years, before I got my next CLI on my card. I just kept asking, every month anyway.

Re: Navy FCU CLI Decline

OmarGB9 — Mon, 05 Dec 2022 00:57:06 GMT

As mentioned by other, it's temporary. It just means that's the max credit they're willing to lend you *right now.* It can change in the future, though. You can keep trying until you're approved - there's no timeframe for how often you can ask, but a good rule of thumb would probably be every month or two. Once you do get approved, then you won't be eligible for another CLI for 183ish days/6 statements.

Re: Navy FCU CLI Decline

Shooting-For-800 — Mon, 05 Dec 2022 03:44:53 GMT

Time and relationship and no new baddies are most important to NFCU. Got denied for CLI 60 days ago and got approved for $5500 cli this week. Hang in there!

Re: Navy FCU CLI Decline

SUPERSQUID — Sat, 10 Dec 2022 18:23:52 GMT

@dytch2220 wrote:
I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?

AARRGGGHHHH, THE SWABBY RESPONSIBLE FOR THIS SHOULD HAVE BARNACLES PLACED IN HIS SHOES

Re: Navy FCU CLI Decline

cem13 — Wed, 14 Dec 2022 21:36:31 GMT

I agree with others; time and relationship. My first app (cash rewards) was $5k, then to $15K then to $25K to max out. Then opened a MC for $5k then to $11K then to $25K.

Then they sent me a mailer for the Platinum Visa so I app'd and awared SL $8K. A few months later, I hit the luv button but I received hate mail. "Max credit".

I have a $40K auto loan since 2018. I use NFCU for BTs and some auto-pays. I have not tried the luv button in about a year or so. My F'08 scores are all about 800. My UTIL is 8%, my DTI is about 25%.