topic Re: Navy federal POI in Credit Cards

Navy federal POI

Jccflat — Sun, 03 Mar 2019 02:21:57 GMT

Hi what is the method of type of proof of income that navy federal credit union is requesting normally ?
I am planning to apply for their credit card but I only have two paystub’s form the last two months since I started working recently and no W-2 ?
TIA.

Re: Navy federal POI

UpperNwGuy — Sun, 03 Mar 2019 03:12:58 GMT

What did Navy Federal tell you when you asked them this question?

Re: Navy federal POI

Anonymous — Sun, 03 Mar 2019 03:30:44 GMT

Navy doesn’t normally ask for POI when you get a credit card with them unless your stated income is considered very high.

Re: Navy federal POI

Jccflat — Sun, 03 Mar 2019 04:04:28 GMT

I did not ask navy I just wanna be prepared in case I’ll be asked to submit one
My income is 90k

Re: Navy federal POI

Anonymous — Sun, 03 Mar 2019 04:27:04 GMT

I don't know about Navy Fed, but with USAA and every other credit card provider I have there has never been a request for income verification. Income plays a decision (can you afford to pay the bill?) but your credit will determine whether or not you are initially approved. Down the line, they may ask you for it but not when you first apply...unless you claim something crazy, which 90k is not.

Re: Navy federal POI

Anonymous — Sun, 03 Mar 2019 04:47:20 GMT

For 90K I wouldn’t be worried about POI.

Re: Navy federal POI

Jccflat — Sun, 03 Mar 2019 17:10:14 GMT

How about PENFED ?

Re: Navy federal POI

UpperNwGuy — Sun, 03 Mar 2019 17:50:55 GMT

@Jccflat wrote:
How about PENFED ?

Hey OP, stop worrying so much about this. Just apply for the credit cards you want. If they ask for proof of income, give them you last two pay stubs.

Re: Navy federal POI

Anonymous — Sun, 03 Mar 2019 17:51:24 GMT

Penfed asked for my 2 most recent paystubs.

That being said they took the 2 and said that was monthly income and multiply by 12. Which isn't accurate since I have a job that pays every 2 weeks versus twice a month. So I essentially lost 1/13 of my income and resulted in my stated starting limit being dropped from 5500 to 4500 after verification.