topic Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that. in Credit Cards

I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 06:09:40 GMT

I have read on this forum numerous times that Navy Federal has a maximum unsecured credit limit over all personal cards of 80k. However, tonight I apped for the Flagship Rewards and was approved for 30k. Shortly after approval I requsted a CLI on my More Rewards from $20,100 to $25,000 which was immediatelty approved. Those on top of my GoRewards with a 28k limit put me at $83,000 total.

Do you think NFCU has bumped up their maximum unsecured limit over all cards? Or do you think I "tricked" the system by applying for a CLI so soon after my approval for the Flagship that they will eventually try to correct their mistake? I seldom touch my GoRewards so if they wanted to lower that limit it would not break my heart. Thoughts? Has anyone heard of this happening before?

(Data Points: 810 Transunion Score, deep and longstanding relationship w/ Navy that includes 15+ years, flagship checking, savings, car loan (almost paid off), and a certificate maturing August 2023. Income 98k)

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

Aim_High — Thu, 24 Nov 2022 06:36:33 GMT

Yes it has been reported before, @KillingThemGingerly. Unfortunately you probably won't be able to keep it. When they review the increases, they will most likely manually adjust you back to $80K by modifying limits. Sorry!

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

OmarGB9 — Thu, 24 Nov 2022 06:37:24 GMT

I believe there's a DP of someone here momentarily going over the $80k cap, but Navy realized it and lowered their limit back down to stay within the cap. So, I expect one of your cards to get CLD'd back down.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 07:05:49 GMT

@OmarGB9 wrote:
I believe there's a DP of someone here momentarily going over the $80k cap, but Navy realized it and lowered their limit back down to stay within the cap. So, I expect one of your cards to get CLD'd back down.

How do they decide which card to CLD I wonder?

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 07:06:34 GMT

@OmarGB9 wrote:
I believe there's a DP of someone here momentarily going over the $80k cap, but Navy realized it and lowered their limit back down to stay within the cap. So, I expect one of your cards to get CLD'd back down.

Did they say how NFCU decided which card to do a CLD to?

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

OmarGB9 — Thu, 24 Nov 2022 07:14:40 GMT

@KillingThemGingerly wrote:
@OmarGB9 wrote:
I believe there's a DP of someone here momentarily going over the $80k cap, but Navy realized it and lowered their limit back down to stay within the cap. So, I expect one of your cards to get CLD'd back down.
Did they say how NFCU decided which card to do a CLD to?

I'm trying to search for the thread, but I can't seem to find it. 😕

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

Aim_High — Thu, 24 Nov 2022 07:20:15 GMT

I think there was more than one thread @KillingThemGingerly and @OmarGB9.

>Here< is one of them.

@KillingThemGingerly , I would suggest calling NFCU and tell them how you want to divide your limits before they make changes.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

OmarGB9 — Thu, 24 Nov 2022 07:20:21 GMT

@KillingThemGingerly wrote:
@OmarGB9 wrote:
I believe there's a DP of someone here momentarily going over the $80k cap, but Navy realized it and lowered their limit back down to stay within the cap. So, I expect one of your cards to get CLD'd back down.
How do they decide which card to CLD I wonder?

I may have found it. Based on this thread, you can probably expect a call from Navy asking you how you want to proceed to get you back under the 80k cap.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

OmarGB9 — Thu, 24 Nov 2022 07:22:11 GMT

@Aim_High wrote:
I think there was more than one thread @KillingThemGingerly and @OmarGB9.

>Here< is one of them.

@KillingThemGingerly , I would suggest calling NFCU and tell them how you want to divide your limits before they make changes.

Yes, that's the one! That's the one I was looking for. Thanks @Aim_High.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 07:24:41 GMT

@Aim_High wrote:
I think there was more than one thread @KillingThemGingerly and @OmarGB9.

>Here< is one of them.

@KillingThemGingerly , I would suggest calling NFCU and tell them how you want to divide your limits before they make changes.

Thanks for this! I'll just wait for their call. Again out of the cards I have from them the GoRewards is the one I'd go with reducing but I'll just wait and see considering today is thanksgiving. I am surprised they don't have some internal fail safe to prevent this from happening to begin with.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

Aim_High — Thu, 24 Nov 2022 07:27:00 GMT

I found another reference from March of this year at >THIS< link ...

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 07:32:07 GMT

@Aim_High wrote:
I found another reference from March of this year at >THIS< link ...

Wow thanks everyone, lots and lots of examples of them letting people go over the 80k then quickly reigning it back in. I am happy with 80k overall limit, way more than enough.

I wonder if they let you spread the 80 across the 3 cards however you please. Thinking I'd go:

Flagship: 40k

More Rewards: 25k

GoRewards: 15k

Honestly might try PCing the GoRewards into a CashRewards if they let me.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

Shooting-For-800 — Thu, 24 Nov 2022 11:58:45 GMT

Shouldn't they raise that to $100k since the dollar is only worth like 80% now?

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

CreditCuriosity — Thu, 24 Nov 2022 13:13:57 GMT

I have been over the 80k cap about four years ago and was called by an UW and stated I was over it and how I would like my limits adjusted to get under said cap of 80k in unsecured CC. The chopping block is coming just how and when. Rule is very much still in place.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

CreditCuriosity — Thu, 24 Nov 2022 13:16:17 GMT

@Shooting-For-800 wrote:
Shouldn't they raise that to $100k since the dollar is only worth like 80% now?

Should possibly, but be silly as people are carrying more balances and as a result defaults are going up as well so wouldn't likely be a fiscal responsible move in the current economic situation of inflation, recessions either here or coming, etc.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

tcbofade — Thu, 24 Nov 2022 13:17:41 GMT

This happened to me as well. I'd expect a CLD on the card that you just got a CLI on...

...and mine was an auto CLI...

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 13:54:12 GMT

@CreditCuriosity wrote:
I have been over the 80k cap about four years ago and was called by an UW and stated I was over it and how I would like my limits adjusted to get under said cap of 80k in unsecured CC. The chopping block is coming just how and when. Rule is very much still in place.

Wait, did I read that right? You were over the 80k limit for four years before you received a phone call about correcting it?

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

CreditCuriosity — Thu, 24 Nov 2022 14:31:16 GMT

@KillingThemGingerly wrote:
@CreditCuriosity wrote:
I have been over the 80k cap about four years ago and was called by an UW and stated I was over it and how I would like my limits adjusted to get under said cap of 80k in unsecured CC. The chopping block is coming just how and when. Rule is very much still in place.
Wait, did I read that right? You were over the 80k limit for four years before you received a phone call about correcting it?

No sorry if I wrote to be confusing as just awoke when typed it. It was about 4-5 years ago I believe they realized I was above the max of 80k. Took them 2-4 weeks to realize it and then give me a call to reduce CL's as I saw fit to be at 80k.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

KillingThemGingerly — Thu, 24 Nov 2022 16:56:04 GMT

@CreditCuriosity wrote:
@KillingThemGingerly wrote:
@CreditCuriosity wrote:
I have been over the 80k cap about four years ago and was called by an UW and stated I was over it and how I would like my limits adjusted to get under said cap of 80k in unsecured CC. The chopping block is coming just how and when. Rule is very much still in place.
Wait, did I read that right? You were over the 80k limit for four years before you received a phone call about correcting it?
No sorry if I wrote to be confusing as just awoke when typed it. It was about 4-5 years ago I believe they realized I was above the max of 80k. Took them 2-4 weeks to realize it and then give me a call to reduce CL's as I saw fit to be at 80k.

Upon rereading, I don't think it was confusing as I just awoke myself when I read it and I think I read it wrong.

I went ahead and sent NFCU a secured message letting them know I think I inadvertently went above the maximum secured credit limit and to get ahead could I reallocate my 80k over three cards in any way I wish. I also asked to confirm this wouldn't mess with my intro bonus offer on the Flagship.

Re: I am above NFCU's 80k max secured limit? I didn't think they allowed that.

OmarGB9 — Fri, 25 Nov 2022 01:09:19 GMT

@KillingThemGingerly wrote:
@CreditCuriosity wrote:
@KillingThemGingerly wrote:
@CreditCuriosity wrote:
I have been over the 80k cap about four years ago and was called by an UW and stated I was over it and how I would like my limits adjusted to get under said cap of 80k in unsecured CC. The chopping block is coming just how and when. Rule is very much still in place.
Wait, did I read that right? You were over the 80k limit for four years before you received a phone call about correcting it?
No sorry if I wrote to be confusing as just awoke when typed it. It was about 4-5 years ago I believe they realized I was above the max of 80k. Took them 2-4 weeks to realize it and then give me a call to reduce CL's as I saw fit to be at 80k.
Upon rereading, I don't think it was confusing as I just awoke myself when I read it and I think I read it wrong.

I went ahead and sent NFCU a secured message letting them know I think I inadvertently went above the maximum secured credit limit and to get ahead could I reallocate my 80k over three cards in any way I wish. I also asked to confirm this wouldn't mess with my intro bonus offer on the Flagship.

It won't affect your SUB, but as far as allocating as you wish, not sure. They may just let you pick which card to take the CLD on.