topic Re: How much should I request for NFCU CLI? in Credit Cards

How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 20:25:34 GMT

Hi everyone. Looking for a little advice. I joined NFCU and got an NFCU CashRewards card on 1-28-2019 with a SL of $1000. On 5-4-19, I was planning on asking for a CLI as that will be 96 days and 4 statements since I opened the account (my 4th statements cuts on 5-4-19). I just PIF yesterday, so my 5-4-19 statement will cut at $0. The prior 3 cut at around $300 each time. My current FICOs are EX 678 EQ 673 TU 702. (By the way, I was in the mid-500s six months ago... this forum totally helped me bring my score up significantly in a short period of time). I have a fair amount of baddies still on my report (nothing recent), which is probably why my SL was only $1000, but I've obviously been taking care of business now. How much of a CLI should I request so as to not seem like I'm being unreasonable? Any advice would be greatly appreciated.

Re: How much should I request for NFCU CLI?

pinkandgrey — Sat, 27 Apr 2019 20:34:31 GMT

Honestly I would say shoot for the stars when it comes to Navy. If you treat their cards well, they grow like nothing else. They can always counter if they don’t like your initial request. Maybe 10k?

Re: How much should I request for NFCU CLI?

Adkins — Sat, 27 Apr 2019 21:04:31 GMT

I would request $25K and see what they counter with - go big!

Re: How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 21:08:06 GMT

Lol, y’all crazy!

Re: How much should I request for NFCU CLI?

Adkins — Sat, 27 Apr 2019 21:11:23 GMT

YOLO 😀

Re: How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 21:12:26 GMT

If you have income that can support $25K, I would shoot for $25K. They will counter what they deem appropriate.

That said, most people have better luck getting a second card than a CLI.

Re: How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 21:48:50 GMT

My current income is about $140K. Six months ago I couldn’t even get a “normal” credit card. Had some serious financial difficulties which resulted in me falling behind on my mortgage for like 6 months last year. Finally got caught up, and now I’m current on all my bills. Since January, I’ve gotten an NFCU CashRewards, a USAA AmEx, and a Delta Skymiles AmEx. I don’t want to be/seem greedy so I think I’ll just ask NFCU for a CLI to 10K and see what happens. That would be all the credit I need right now. I’m also gonna request a CLI on my Delta Skymiles (it’s also currently at $1000).

Re: How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 21:56:08 GMT

With your income, I would apply for a second card. Assuming your DTI is low, $15-$25K should be a lock.

Re: How much should I request for NFCU CLI?

CreditCuriosity — Sat, 27 Apr 2019 22:28:14 GMT

As stated shoot for the stars as they will counter.. Assuming you has displine, etc with credit ask for 25k and they will either give it to you or counter with a lower $. I am at max exposure with navy on CC now at 80k so I got to live through others

Re: How much should I request for NFCU CLI?

AverageJoesCredit — Sat, 27 Apr 2019 22:49:35 GMT

CC, you still can live through me. With 17.3 in exposure, someway somehow i will make 17.5 one day! Exciting times, exciting times

Re: How much should I request for NFCU CLI?

Anonymous — Sat, 27 Apr 2019 23:20:14 GMT

Not a bad idea about applying for another card... however, in two months I will be applying for a 50K+ auto loan from NFCU. I'm concerned that opening another credit card with them will add a new account, which will reduce my AAoA and affect my credit score much more than the temporary hit from an additional HP. I'd rather be on the safe side and wait until after I get the auto loan before I open a new account. That's the main reason why I haven't taken advantage of the new CC offers I've been getting in the mail since my score started going up.

Re: How much should I request for NFCU CLI?

Shooting-For-800 — Sun, 28 Apr 2019 00:36:17 GMT

I think you can try CLI first then open another card if you dont get what you need.

I have not gotten many things right with NFCU, so I could be wrong.

Fellow $1Ker rooting for you!

Re: How much should I request for NFCU CLI?

AverageJoesCredit — Sun, 28 Apr 2019 11:57:31 GMT

$1

That way youll never be disappointed and you can only get more than you asked. The Price is Right!

Re: How much should I request for NFCU CLI?

Anonymous — Sun, 28 Apr 2019 12:04:20 GMT

The typical max CLI for Navy is 3X your current limit although occasionally some people get significantly more than 3X. So I would suggest asking for $25K but don't be surprised if you're only increased to $3,000.

Re: How much should I request for NFCU CLI?

RickNATL — Mon, 29 Apr 2019 21:58:48 GMT

My girlfriend app'd for new card with $65K income and low 700s and was given $25K SL. When I app'd for CLI, they took me to the top, short by $200 and sent me a letter saying I was near exposure of $50K across my two cards. So, with that, shoot for $25K....

Re: How much should I request for NFCU CLI?

Anonymous — Mon, 29 Apr 2019 23:14:54 GMT

You guys have convinced me to ask for the 25K. I also think that if I don’t get a CLI (or it’s less than what I want), I’m going to apply for a second card. Question... will that be a second HP (on top of the one for the CLI request)?

Re: How much should I request for NFCU CLI?

Anonymous — Mon, 29 Apr 2019 23:29:16 GMT

@Anonymous wrote:
You guys have convinced me to ask for the 25K. I also think that if I don’t get a CLI (or it’s less than what I want), I’m going to apply for a second card. Question... will that be a second HP (on top of the one for the CLI request)?

If you apply for a second Navy card you should expect to get two hard pulls; one on Equifax FICO 9 for the CLI, and one on TransUnion FICO 9 for the second card app.

Re: How much should I request for NFCU CLI?

Anonymous — Thu, 13 Jun 2019 20:41:50 GMT

Hi,

New to the forums and fellow $1ker here. I need to know what happened please? Did you app for the CLI and second card or just CLI? If so, how much did they increase you by?

I just app'd and got approved for my $1k last Friday so haven't even gotten my card yet but was wondering if I should request cli at 91/3 or wait 6 months? I really don't want a 2nd card because my credit lifes goal for next year is a CSP or CSR and not trying to go over 5/24. I have one store card, one secured BOA, was recently added as an AU and now this NFCU. I'm not sure if Chase would look at the AU as a new account or not but if they do I'd be at 4/24, if not I'd be at 3.

Re: How much should I request for NFCU CLI?

Anonymous — Thu, 13 Jun 2019 21:19:20 GMT

Hi,

I ended up not applying for either the NFCU CLI or the second card and decided to wait. My initial plan was to wait a month after posting this thread (to improve my chances). But then in the interim, I got a CSP pre-approval, learned all about the CSP on this forum, and decided I wanted that card. Applied for it and got approved with a $13K SL. Then picked up a Delta Platinum Skymiles with a $1400 SL, a CLI to $3K on my Delta Gold Skymiles, and got a Visa with a $5K SL from my alma mater's credit union when I applied for a car loan and was approved--all within a day or two of the CSP approval. So honestly I decided that was more than enough HPs and credit increases for me and figured I needed to wait until later this year so as not to tempt having the CSP being taken away from me for "seeking too much credit." So now my plan is to let the dust settle and wait until later this year to apply for a CLI on the NFCU card and/or also apply for a second card later this year (depending on what my scores are) or do it early next year.

Re: How much should I request for NFCU CLI?

Anonymous — Thu, 13 Jun 2019 21:18:40 GMT

Omg! Congratulations on all your approvals, especially the CSP. I was kinda disappointed at the $1K they gave me but I turned that around quick and said it’s my foot in the door. I’m still not sure if I should wait 6 months or 91/3 for a cli but I know I won’t apply for a CSR this year at all. I need my profile squeaky clean and my scores to go up.

Thanks for replying! ☺️