topic Re: Navy Federal Credit Union (NFCU) cards in Credit Cards

Navy Federal Secured card graduation

freshstart26 — Mon, 06 Apr 2020 21:15:55 GMT

Hi! We have had a NFCU secured card for 6 months. Our 7th statement just printed and we did not graduate to the regular card. We have a chapter 13 that has been discharged for over a year. However, it will not fall off our reports until December. Has anyone else here been able to have their card graduate with a past bankruptcy on the report? The representative said it will be re-evaluated each time the statement prints. Anyway, I was just wondering if anyone here has a similar experience. Thank you!

Re: Navy Federal Secured card graduation

freshstart26 — Wed, 08 Apr 2020 12:26:30 GMT

I just wanted to update my post. My card graduated yesterday. 🎉 $2,000 credit limit for cash rewards college. I guess it was already in process when I called.

Re: Navy Federal Secured card graduation

ellipticcurve — Wed, 08 Apr 2020 13:26:53 GMT

Congrats on your graduation! If you don't mind me asking, when did your billing cycle close? I was wondering how long the system took to upgrade your card. I have the same card and my 6th statement closed on March 24. I messaged them about upgrading the card, but they said they cannot do manual reviews and it's up to the system to automatically upgrade the card. Perhaps I need to wait another month to get my deposit back, or maybe it's just a matter of a couple more days.

Edit: I didn't read your first post fully. I see that it closed around the 6th, so it only took 2 days to upgrade. If you don't mind, what was your Equifax score and did you open new accounts in the past couple months? There's not a lot of data points on what the system is looking for.

Re: Navy Federal Secured card graduation

EverForward — Wed, 08 Apr 2020 13:24:34 GMT

Congratulations on your NFCU nRewards graduation! That's a very nice surprise!

Re: Navy Federal Secured card graduation

freshstart26 — Sat, 11 Apr 2020 14:34:52 GMT

Hi! My billing cycle closes on the 28th. My FICO was 695 but it dropped to 670. I’m assuming it was a hard pull that caused that because we have not had any other changes. Also, we have not opened any other accounts recently.

Re: Navy Federal Secured card graduation

freshstart26 — Sat, 11 Apr 2020 14:35:20 GMT

Thank you!

Navy Federal Credit Union (NFCU) cards

freshstart26 — Wed, 24 Feb 2021 03:55:47 GMT

Hi! I have a question. We started out with a secured card with NFCU. They graduated our card to a Cash Rewards with a $2,000 limit. Do they ever automatically increase your credit line? Or do you have to request an increase? Current Fico is 802 according to their website. We pay the card off immediately and use it again. Thank you.

Re: Navy Federal Credit Union (NFCU) cards

Brian_Earl_Spilner — Wed, 24 Feb 2021 03:50:09 GMT

They do auto increases, but I don't think anyone on here has ever waited for one. Especially since the requests are SP now.

Re: Navy Federal Credit Union (NFCU) cards

freshstart26 — Wed, 24 Feb 2021 03:54:20 GMT

Okay. Thank you!

Re: Navy Federal Credit Union (NFCU) cards

AllZero — Wed, 24 Feb 2021 03:57:41 GMT

@freshstart26 wrote:
Hi! I have a question. We started out with a secured card with NFCU. They graduated our card to a Cash Rewards with a $2,000 limit. Do they ever automatically increase your credit line? Or do you have to request an increase? Thank you.

It may be 6 month wait time for eligibility from last credit increase. It should be SP inquiry if consumer initiated and done online or app. If done with CSR may result in a HP inquiry.

For your reading pleasure. Navy Federal Thread for CLI and Additional Cards

Re: Navy Federal Credit Union (NFCU) cards

thornback — Wed, 24 Feb 2021 03:56:08 GMT

@freshstart26 wrote:
Hi! I have a question. We started out with a secured card with NFCU. They graduated our card to a Cash Rewards with a $2,000 limit. Do they ever automatically increase your credit line? Or do you have to request an increase? Thank you.

They may auto increase it - it's been known to happen but data points are sparse in this forum because no one waits for an auto around here. Their online CLI requests are softpulls - so no harm, no foul. You can request every 181 days - in your case, it will be 181 days from the date your card unsecured as they consider that to be a CLI.

Right now (because Covid) their max CLI is $4K. Prior to covid they'd consider approving up to 3x the limit - hopefully we'll get back to that norm someday...

Re: Navy Federal Credit Union (NFCU) cards

freshstart26 — Wed, 24 Feb 2021 03:58:26 GMT

Thank you.

Re: Navy Federal Credit Union (NFCU) cards

thornback — Wed, 24 Feb 2021 03:59:59 GMT

@freshstart26 wrote:
Thank you.

YW! And I forgot - congrats on your card graduating and welcome to the forums!

Re: Navy Federal Credit Union (NFCU) cards

Bankrupt2019 — Wed, 24 Feb 2021 04:04:23 GMT

As I'm sure you already figured out, Navy doesn't seem to care about Bankrupcty if you treat them well. I'm only about 15 months out of BK7 and have $15k in credit card limits with them and there's others with less time since BK and have even more!

Re: Navy Federal Credit Union (NFCU) cards

md_rebuild — Wed, 24 Feb 2021 15:38:10 GMT

I graduated in 7 months, 6 months later got a boost to $4.5K. Just moved all of my spending over to NFCU (I had all of it going through 2 Cap 1 cards to show them some love and get higher limits) and putting anywhere from $2-3K a month on the NFCU card now. Going to do this for the next 6 months, and then I'll be at the 2 year post-discharge and get to see what the results are of my next CLI request.

Re: Navy Federal Credit Union (NFCU) cards

Anonymous — Thu, 11 Mar 2021 09:34:55 GMT

@thornback wrote:

They may auto increase it - it's been known to happen but data points are sparse in this forum because no one waits for an auto around here. Their online CLI requests are softpulls - so no harm, no foul. You can request every 181 days - in your case, it will be 181 days from the date your card unsecured as they consider that to be a CLI.

TY! I think you just answered 2 questions I had about adding funds to my NFCU Secured Card to get it up to $2000 total. Adding to it I know they told me would be another HP. And then the second us that the start date for the 6 month click to start us.... at the time of the last HP. So I must wait. 🙏🏻

@Anonymous: Congratulations on your Graduation !! 👨‍🎓 👩🏾‍🎓

Re: Navy Federal Credit Union (NFCU) cards

freshstart26 — Thu, 18 Mar 2021 10:24:43 GMT

Thank you!