topic Re: Does navy fed combine or shift credit lines in Credit Cards

Does navy fed combine or shift credit lines

Anonymous — Thu, 28 Dec 2017 01:55:49 GMT

I'm thinking of maybe getting one more card and shifting from the old cards credit line to the new card. Is it possible? Thanks!

Re: Does navy fed combine or shift credit lines

CreditCuriosity — Thu, 28 Dec 2017 02:10:43 GMT

Use to be not any longer.. Hopefully again in the future they might change the policy back we can only wish.

Re: Does navy fed combine or shift credit lines

CreditMagic7 — Thu, 28 Dec 2017 02:32:43 GMT

@CreditCuriousity wrote:
Use to be not any longer.. Hopefully again in the future they might change the policy back we can only wish.

Unfortunately that policy changed awhile back and it looks like its set to stay that way.

Re: Does navy fed combine or shift credit lines

Anonymous — Thu, 28 Dec 2017 03:42:16 GMT

I can understand not combining cards but why would anyone care about shifting credit lines? In the end the lending institution is not granting more credit. Just reallocating within your existing lineup with them. Also, doesn't make sense to me why those who do allow this practice need to SP or HP you to reallocate lines.

Re: Does navy fed combine or shift credit lines

UpperNwGuy — Thu, 28 Dec 2017 14:14:25 GMT

Apparently NFCU has different (stricter) underwriting requirements on their new More Rewards Amex card, so they don't allow product changes or credit reallocations for that card. I've also heard that the reason they don't reallocate credit amongst their other cards is because they follow two different guidelines: (a) max credit across all cards and (b) max credit on any single card. They consider the risk factor to be different on a $20,000 card than a $10,000 card.