topic Re: NFCU CLI in Credit Cards

NFCU CLI

Anonymous — Tue, 24 Feb 2009 20:51:44 GMT

Since I got denied for PenFed I've been thinking of shifting my balance over to my NFCU Mastercard. I called and asked if I was eligible for a CLI, and I got an instant approval. New CL is $20,000. Since it wasn't referred to the credit committee I'm reasonably sure it was an auto CLI based on my account history. However, I guess I'll find out tomorrow.

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 20:58:37 GMT

fretless-

how long have u had ur nfcu card/cards? how often do u call for cli? that's an awesome cl..congrats!

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 21:22:43 GMT

Hey Fretless,

Congrats on the Navy Fed CLI!!!

When you call over the phone and get an automatic

increase, that's an auto-CLI. It's based on an EQ soft pull

and your payment history with Navy Fed. So always make

sure you pay your Navy Fed accounts on time.

Hope this helps.

CanDo

"The right atttitude is everything"

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 22:24:09 GMT

fretless-

what was the denial reason they gave you?

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 23:16:56 GMT

@Anonymous wrote:
fretless-
how long have u had ur nfcu card/cards? how often do u call for cli? that's an awesome cl..congrats!

I opened them all last April, so I'm approaching the 1 year mark. I got a CLI in October from $15,000 to $18,000 with a hard pull. And today they instantly approved me from $18,000 to $20,000.

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 23:18:18 GMT

@Anonymous wrote:
When you call over the phone and get an automatic
increase, that's an auto-CLI. It's based on an EQ soft pull
and your payment history with Navy Fed. So always make
sure you pay your Navy Fed accounts on time.

Thanks a lot CanDo! Seeings how payment history goes so far with NFCU it makes the thought of BT'ing my BOA balance over to them more appealing since my payment history will continue to grow.

You catch more flies with honey...or something.

Re: NFCU CLI

Anonymous — Tue, 24 Feb 2009 23:18:38 GMT

@Anonymous wrote:
fretless-
what was the denial reason they gave you?

Did you mean PenFed?

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 03:06:13 GMT

fretless-

Yes I meant pen fed? I was just interested what they gave as a denial..

thanks

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 03:18:35 GMT

Sorry, cross thread confusion and such. PenFed said it was because of DTI. They didn't like my defered student loans apparently.

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 03:27:05 GMT

I applied for a NFCU card last week with a 740 Fico and was told I needed a to get a secured card. I guess they have started a new policy which forces new members to open up a secured card. Anyone else had this happen?

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 04:03:11 GMT

With a 740 FICO score, they wanted give you a secured card?! wow. I'm really surprised by that.

Is NFCU as unhappy with inquiries as PenFed is?

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 05:25:21 GMT

They said it is a new rule they implemented. Wondering if anyone else has heard the same thing.

Re: NFCU CLI

iltph — Wed, 25 Feb 2009 05:46:04 GMT

I joined NFCU in Dec and applied a few days later for an nRewards and was denied, but was offered the SC. I had a few collections delete off my EQ and applied two months later (after my wife and I's direct deposits had been going into my checking acct for a month). They ended up approving me for $17,500.

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 09:59:32 GMT

Congrats FM! Give your business to those who value you as a customer, and who will keep the rewards coming when you reward them in kind.

@Anonymous wrote:
Since I got denied for PenFed I've been thinking of shifting my balance over to my NFCU Mastercard. I called and asked if I was eligible for a CLI, and I got an instant approval. New CL is $20,000. Since it wasn't referred to the credit committee I'm reasonably sure it was an auto CLI based on my account history. However, I guess I'll find out tomorrow.

Re: NFCU CLI

Anonymous — Wed, 25 Feb 2009 14:21:35 GMT

@Anonymous wrote:
With a 740 FICO score, they wanted give you a secured card?! wow. I'm really surprised by that.

Is NFCU as unhappy with inquiries as PenFed is?

I don't think they care so much about inqs, as I had many when I signed up with NFCU last April. However, they do seem to care about recend derogs.

My EQ is clean except for a couple lates, and they seem to give me whatever I want. They even informed me when I got this CLI yesterday that I was preapproved for an auto or boat loan.

It's great that NFCU is still lending. But then again, that's what happens at banks who never wrote a subprime mortgage.