topic Re: NFCU reallocation in Credit Cards

NFCU reallocation

nccarguy1 — Tue, 25 Feb 2025 03:35:34 GMT

I understand it's been reported by members that NCFU will reallocate credit lines if you state you want a balance transfer. I had two credit cards with Navy Federal but did not see an offer for balance transfer. I sent a secure message saying I did not need 2 credit cards and requested to transfer credit limit to Flagship and close other account. I also requested an APR reduction. I did not get a reply for 2 days but got response that my request for an APR reduction was approved and that I needed to reply that my allocation was approved and I needed understood my GO rewards would be closed and could not be reversed. 48 hours later Flagship was at $80,000, APR was reduced and GO rewards was removed from my accounts.

it appears that reallocations may not require suggestions that balance transfer is needed. YMMV

Re: NFCU reallocation

DatBoiQuick — Tue, 25 Feb 2025 16:26:15 GMT

How old were your account, to my knowlege you can only transfer credit limit if the account is older then 2 years or for the purpose of a balance transfer.

Re: NFCU reallocation

nccarguy1 — Wed, 26 Feb 2025 02:09:54 GMT

Flagship opened 2014. Go rewards was opened 2019

Re: NFCU reallocation

sto0pyd — Wed, 26 Feb 2025 18:42:01 GMT

Did you have to tell them you wanted to do a balance transfer? How did you request it? Was it by sending them a message?

Re: NFCU reallocation

jcar — Wed, 26 Feb 2025 19:18:31 GMT

Man.. that's a huge credit limit... $80k!

Re: NFCU reallocation

nccarguy1 — Wed, 26 Feb 2025 21:33:24 GMT

I sent a secure message. As I remember it took over 48 hours to respond, thought it meant they declined my request. I said I wanted to close unused accounts and consolidate credit lines. I didn't use the balance transfer "trick" because I did not have an offer for one.

Re: NFCU reallocation

PullingMeSoftly — Thu, 27 Feb 2025 00:01:51 GMT

Sweet, nicely managed