topic Re: Navy no longer combines limits ? in Credit Cards

Navy Federal Credit Card limit combination DENIED + Reallocation DPs

rostrow416 — Thu, 13 May 2021 02:22:19 GMT

Hi all. On Monday, I put in a request to move my cashRewards limit over to my More Rewards card and close out the cashRewards card. They told me it should take a few business days. Called in today and found out that my request was denied. "They are cracking down on this practice, and it is no longer an option" is what the rep told me after contacting her supervisor.

Anyone else encounter this recently? Its not a big deal, I was just trying to do some "spring cleaning" and get rid of cards that were redundant in my lineup.

Re: Navy Federal Credit Card limit combination DENIED

Jordan23ww — Thu, 06 May 2021 17:56:03 GMT

@rostrow416 wrote:
Hi all. On Monday, I put in a request to move my cashRewards limit over to my More Rewards card and close out the cashRewards card. They told me it should take a few business days. Called in today and found out that my request was denied. "They are cracking down on this practice, and it is no longer an option" is what the rep told me after contacting her supervisor.

Anyone else encounter this recently? Its not a big deal, I was just trying to do some "spring cleaning" and get rid of cards that were redundant in my lineup.

Hey, sorry to hear this news. By chance are either of the cards older than a month but younger than 1 year old? I've heard that you can only combine them within the first 30 days. After 30 days I've heard you have to wait until both cards are 1 year old to do this.

Re: Navy Federal Credit Card limit combination DENIED

rostrow416 — Thu, 06 May 2021 18:06:40 GMT

Hey, sorry to hear this news. By chance are either of the cards older than a month but younger than 1 year old? I've heard that you can only combine them within the first 30 days. After 30 days I've heard you have to wait until both cards are 1 year old to do this.

10 months & 7 months. Well I guess I will see.

Re: Navy Federal Credit Card limit combination DENIED

K-in-Boston — Thu, 06 May 2021 18:09:13 GMT

I was able to do this online at the end of January, closing my More Rewards and moving the limit to Flagship. Other than stating that I would not be eligible for a CLI for 6 months, no issues. My card was almost 2 years old though, and as just mentioned there have been murmurs of issues if the card isn't a year old - if that's the case. Did you request this via the CLI message option on the card you wanted to increase or did you call in originally?

Re: Navy Federal Credit Card limit combination DENIED

Jordan23ww — Thu, 06 May 2021 19:22:24 GMT

@rostrow416 wrote:
Hey, sorry to hear this news. By chance are either of the cards older than a month but younger than 1 year old? I've heard that you can only combine them within the first 30 days. After 30 days I've heard you have to wait until both cards are 1 year old to do this.
10 months & 7 months. Well I guess I will see.

Oh ok, so more than likely that's the issue. I believe once both cards are 1 year old you'll be able to complete this process.

Re: Navy Federal Credit Card limit combination DENIED

ntx — Thu, 06 May 2021 20:16:09 GMT

Oh ok, so more than likely that's the issue. I believe once both cards are 1 year old you'll be able to complete this process.

Another confirmation - I just went through this also. I sent a secure message to move my limit and close the card. It took a week for a reply, which told me I had to call in for that. So I called in last Wednesday, and the rep said it would be 3-5 business days, and to call back after that if I hadn't heard from them or seen my limit change.

So I called them yesterday, and the rep said both cards had to be at least a year old to reallocate limits.

Re: Navy Federal Credit Card limit combination DENIED

spiritcraft1 — Thu, 06 May 2021 20:52:57 GMT

@ntx wrote:
Oh ok, so more than likely that's the issue. I believe once both cards are 1 year old you'll be able to complete this process.
Another confirmation - I just went through this also. I sent a secure message to move my limit and close the card. It took a week for a reply, which told me I had to call in for that. So I called in last Wednesday, and the rep said it would be 3-5 business days, and to call back after that if I hadn't heard from them or seen my limit change.

So I called them yesterday, and the rep said both cards had to be at least a year old to reallocate limits.

Is that to reallocate and close one? Or just any reallocation in general?

Re: Navy Federal Credit Card limit combination DENIED

brk1971 — Thu, 06 May 2021 20:56:31 GMT

It always amazes me to read a story with similar circumstances.

After a post about it elsewhere on MyFico, I sent in a secure message. Took them a week to reply, and the message told me to call in. Did that yesterday. Told 3-5 days and will call back.

For DP purposes, my 3 cards, and my request was:

Flagship $45k -> request to reallocate $15k from #2 below to make $60k
Plat $24.3k - request to reallocate and close
Plat $10.7k -> request to reallocate $9.3k from #2 above to make $20k

I am assuming, from previous conversations, that they'll be able to move the $15k to the flagship but not the $9.3k to the older platinum, as the older Platinum had a CLI within the past 6 months.

None of my three cards are less than a year old, so I'll provide another data point when I hear back.

Re: Navy Federal Credit Card limit combination DENIED

K-in-Boston — Thu, 06 May 2021 21:03:49 GMT

@brk1971 wrote:
It always amazes me to read a story with similar circumstances.
After a post about it elsewhere on MyFico, I sent in a secure message. Took them a week to reply, and the message told me to call in. Did that yesterday. Told 3-5 days and will call back.

For DP purposes, my 3 cards, and my request was:
Flagship $45k -> request to reallocate $15k from #2 below to make $60k
Plat $24.3k - request to reallocate and close
Plat $10.7k -> request to reallocate $9.3k from #2 above to make $20k
I am assuming, from previous conversations, that they'll be able to move the $15k to the flagship but not the $9.3k to the older platinum, as the older Platinum had a CLI within the past 6 months.
None of my three cards are less than a year old, so I'll provide another data point when I hear back.

I had a $4k SP CLI on my Flagship in November before moving the $29k from my More Rewards to it and closing that card in January; so hopefully there shouldn't be a problem - the 6 month CLI thing just seems to be after the reallocation and it was stated that would be the case in the secure message they sent to me to get my confirmation that that's what I wanted to do.

Re: Navy Federal Credit Card limit combination DENIED

brk1971 — Thu, 06 May 2021 21:05:47 GMT

@K-in-Boston wrote:
@brk1971 wrote:
It always amazes me to read a story with similar circumstances.
After a post about it elsewhere on MyFico, I sent in a secure message. Took them a week to reply, and the message told me to call in. Did that yesterday. Told 3-5 days and will call back.

For DP purposes, my 3 cards, and my request was:
Flagship $45k -> request to reallocate $15k from #2 below to make $60k
Plat $24.3k - request to reallocate and close
Plat $10.7k -> request to reallocate $9.3k from #2 above to make $20k
I am assuming, from previous conversations, that they'll be able to move the $15k to the flagship but not the $9.3k to the older platinum, as the older Platinum had a CLI within the past 6 months.
None of my three cards are less than a year old, so I'll provide another data point when I hear back.
I had a $4k SP CLI on my Flagship in November before moving the $29k from my More Rewards to it and closing that card in January; so hopefully there shouldn't be a problem - the 6 month CLI thing just seems to be after the reallocation and it was stated that would be the case in the secure message they sent to me to get my confirmation that that's what I wanted to do.

Good info - I'm already at the max unsecured, so for me CLI are no longer a thing with NFCU, but this could mean that it goes through without a hitch. We'll see by Monday-ish.

Re: Navy Federal Credit Card limit combination DENIED

rostrow416 — Fri, 07 May 2021 00:50:36 GMT

@ntx wrote:
Oh ok, so more than likely that's the issue. I believe once both cards are 1 year old you'll be able to complete this process.
Another confirmation - I just went through this also. I sent a secure message to move my limit and close the card. It took a week for a reply, which told me I had to call in for that. So I called in last Wednesday, and the rep said it would be 3-5 business days, and to call back after that if I hadn't heard from them or seen my limit change.

So I called them yesterday, and the rep said both cards had to be at least a year old to reallocate limits.

Good get some confirmation on the 1 year mark. I'll try again in November with hopefully a couple more CLIs on the cards.

Re: Navy Federal Credit Card limit combination DENIED

ntx — Fri, 07 May 2021 03:04:22 GMT

Is that to reallocate and close one? Or just any reallocation in general?

I'm not really sure generally. My request was to reallocate and close though.

Re: Navy Federal Credit Card limit combination DENIED

Jordan23ww — Sat, 08 May 2021 00:39:34 GMT

@ntx wrote:
Oh ok, so more than likely that's the issue. I believe once both cards are 1 year old you'll be able to complete this process.
Another confirmation - I just went through this also. I sent a secure message to move my limit and close the card. It took a week for a reply, which told me I had to call in for that. So I called in last Wednesday, and the rep said it would be 3-5 business days, and to call back after that if I hadn't heard from them or seen my limit change.

So I called them yesterday, and the rep said both cards had to be at least a year old to reallocate limits.

@ntx thank you for confirming this!

Re: Navy Federal Credit Card limit combination DENIED

ldkcivilservant — Mon, 10 May 2021 16:52:48 GMT

Isn't the Navy Max on a single card $50k? I thought I read that here previously.

Re: Navy Federal Credit Card limit combination DENIED

brk1971 — Mon, 10 May 2021 16:56:12 GMT

@ldkcivilservant wrote:
Isn't the Navy Max on a single card $50k? I thought I read that here previously.

I believe all but the Flagship, which is $80k. But that's from other people's data points. I'll know in the next day or so if I can contribute new data points.

Re: Navy Federal Credit Card limit combination DENIED

K-in-Boston — Mon, 10 May 2021 16:54:55 GMT

@ldkcivilservant wrote:
Isn't the Navy Max on a single card $50k? I thought I read that here previously.

$80k on Flagship, but otherwise yes.

Re: Navy Federal Credit Card limit combination DENIED

brk1971 — Wed, 12 May 2021 17:44:22 GMT

And so my data point is... Request denied, with no reason given. Pressing the rep, I was told that the lending department said the accounts were not eligible to have the limits combined.

My guess is that because all the accounts were not eligible for CLI (one of the receiving accounts just had a CLI last month), they didn't look at components of the request separately. We'll see in 5 months.

Re: Navy Federal Credit Card limit combination DENIED

rostrow416 — Wed, 12 May 2021 18:24:59 GMT

@brk1971 wrote:
And so my data point is... Request denied, with no reason given. Pressing the rep, I was told that the lending department said the accounts were not eligible to have the limits combined.
My guess is that because all the accounts were not eligible for CLI (one of the receiving accounts just had a CLI last month), they didn't look at components of the request separately. We'll see in 5 months.

I hate to hear this is becoming a standard thing. I guess they're just gonna have to grow 4k at a time now.

Re: Navy Federal Credit Card limit combination DENIED

brk1971 — Wed, 12 May 2021 18:37:23 GMT

Previous reports have indicated the possibility that both the consolidator and consolidatee cards have to be eligible for a CLI in order to process a CL transfer, and in my case of the three, one wasn't. (saving the upwards scrolling, I was looking to close one of three cards and move the CL from it to two others, one of which was not eligible for a CLI having just had one).

I'm at the max exposure with NFCU, so there's no growth to go, this was entirely a trimming the portfolio move for me (without wanting to reduce total CL or impact my AAA much, etc.).

Re: Navy Federal Credit Card limit combination DENIED

Anonymous — Wed, 12 May 2021 22:24:13 GMT

@brk1971 wrote:
Previous reports have indicated the possibility that both the consolidator and consolidatee cards have to be eligible for a CLI in order to process a CL transfer, and in my case of the three, one wasn't. (saving the upwards scrolling, I was looking to close one of three cards and move the CL from it to two others, one of which was not eligible for a CLI having just had one).
I'm at the max exposure with NFCU, so there's no growth to go, this was entirely a trimming the portfolio move for me (without wanting to reduce total CL or impact my AAA much, etc.).

That has never been a requirement for merging cards. Disco is the one that's known for that.

The reality is that NFCU's official policy is not to allow account combinations and they have been making "one time" exceptions for awhile now. It wouldn't surprise me if they stop allowing account combinations altogether because people abuse them. They'll get a small CLI on an existing card and open up a new one to get a huge limit and then immediately ask to move some or all of the limit over or they'll get the SUB and then merge it after a year.