topic Re: NFCU CLOC INCREASE in Personal Finance

NFCU CLOC INCREASE

Anonymous — Wed, 01 Mar 2017 00:06:16 GMT

I opened my navy federal checking line of credit on 12/16/2016. I've had 3 statements cut, the last one 2/24. When can I request an increase? The next AR I'm guessing is 3/1.

Re: NFCU CLOC INCREASE

Anonymous — Fri, 03 Mar 2017 00:24:49 GMT

This is the link to watch - next AR looks like 3/4.

http://ficoforums.myfico.com/t5/General-Credit-Topics/NFCU-AR/td-p/4826826

Re: NFCU CLOC INCREASE

UncleB — Sat, 04 Mar 2017 00:42:55 GMT

@Anonymous wrote:
I opened my navy federal checking line of credit on 12/16/2016. I've had 3 statements cut, the last one 2/24. When can I request an increase? The next AR I'm guessing is 3/1.

With the NFCU CLOC in the past there was always a HP for CLIs, so the AR isn't as important/meaningful as it is for credit card CLIs.

This may have changed; I don't have the CLOC myself so I can't speak from personal experience. @Creditaddict is the resident NFCU expert; if he (or someone else with a CLOC) doesn't come across this thread you can reach out to him (and others) on the NFCU 'mega' thread here: http://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional-Cards/td-p/3419729

I realize that thread is in "Credit Card Applications", but there's quite a bit of cross-over with these two topics, and in any case your question should be addressed.

Re: NFCU CLOC INCREASE

Creditaddict — Sat, 04 Mar 2017 00:53:31 GMT

CLOC is always HP for CLI. No need to wait for AR.

Re: NFCU CLOC INCREASE

Anonymous — Sun, 05 Mar 2017 20:33:22 GMT

When I applied and received my Navy CLOC the rep told me to get an increase you must re-apply. The CLOC limit will never change without apping and a HP. I hope the rep gave me wrong information.

Re: NFCU CLOC INCREASE

Anonymous — Mon, 06 Mar 2017 02:55:03 GMT

I've had a NFCU CLOC for over 5 years. While my NREWARDS and flagship recieved autos, my CLOC didn't until I recently requested it ( 2/29 HP).

Re: NFCU CLOC INCREASE

Anonymous — Mon, 06 Mar 2017 08:12:37 GMT

How long should you wait to apply for another NFCU card?

Re: NFCU CLOC INCREASE

Anonymous — Wed, 08 Mar 2017 13:34:24 GMT

update: applied for an increase and it was approved for the 15k. they pulled Equifax at 620.

Re: NFCU CLOC INCREASE

Anonymous — Wed, 08 Mar 2017 14:00:41 GMT

@Anonymous wrote:
update: applied for an increase and it was approved for the 15k. they pulled Equifax at 620.

Wow, congrats! Was it instant or it had to be reviewed?