topic Re: NFCU CLI in Credit Cards

NFCU CLI

Anonymous — Wed, 20 Jan 2010 00:45:05 GMT

I've had the Navy Federal Credit Union Flagship CC since July 2009 and was initially given a $7,500 CL, but today decided to test the waters and apply for an online increase. Completed the online questionnaire and asked for an increase to $75,000. Upon submission, I was immediately taken to a page where I was offered an instant $20,000 CL...it stated I could accept this new CL or request further review for my original CLI amount...of course I took the $20,000. Maybe I was lucky, but I was very impressed with the NFCU process.

snpperhd

TU:700 ~ EQ:695 ~ EX:703 as of 01/19/2010 (Nasty PR-Tax Lien Released 04-2002)

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 00:56:33 GMT

Max CL with NFCU CC is $50,000.

I'm not sure if that is per card, or per member. With PSECU they have a $20,000 total revolving CL max. It may be the same with NCFU.

Congrats on the CLI!

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 01:02:13 GMT

Congrats! Wow, that's good to know because I also have a new NFCU CC (actually 2 cc) issued in 10/09 and I will be requesting a CLI after 6 months! Hope I can increase my 10k to 20k............

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 01:08:31 GMT

@Anonymous wrote:
Max CL with NFCU CC is $50,000.

I'm not sure if that is per card, or per member. With PSECU they have a $20,000 total revolving CL max. It may be the same with NCFU.

Congrats on the CLI!

Does anyone know if NFCU allows more than $50,000 in total CL's on credit cards? Can I have 2 cards $50,000 each?

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 01:29:24 GMT

Congrats!

Re: NFCU CLI

pmany0324 — Wed, 20 Jan 2010 03:40:07 GMT

Congratulations on your CLI! That is an awesome number. I also opened up a Nrewards card and NavCheck with NFCU in July 09. Got denied for my credit limit increase request. Reasons were a little odd to me. BK (was discharged 8/08 clearly stated on my credit report that I had filed BK when I originally applied for the card and got approved), unsatisfactory accounts with other lenders (must be talking about before BK, after BK my report has been great, no lates, no over limit, paid over minimum balance) and exisiting limit with current account (not sure either what that means). I was scared to call to do a reconsideration, so I wrote them a letter. I'm hoping to hear something back this week, if not i'll call and check on it. But i was just curious, to get approved for that amount does your income have to be over a certain amount? I don't want any new credit, I just want to see if I can get CLI on all my exisiting lines. I know my inquries and utilization is what's killing my score. Sorry OP didn't mean to highjack your thread, I really just meant to ask about income requirements with NFCU and to say Congrats! My income is between 45-50k a year and I dream of the day I can hit the button and get approved for a 20k increase!

Re: NFCU CLI

BungalowMo — Wed, 20 Jan 2010 14:27:15 GMT

I have a ?? for all you NFCU cc holders....

How long after you opened your checking & savings did you app for a card?

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 14:29:48 GMT

I app'd 1 week after but I do not think it makes a difference.

Re: NFCU CLI

BungalowMo — Wed, 20 Jan 2010 14:36:51 GMT

Who did they pull??

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 14:46:49 GMT

They pulled EQ yesterday for me.

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 21:50:49 GMT

They always pull EQ, Mo.

BungalowMo wrote:
Who did they pull??

Re: NFCU CLI

Anonymous — Wed, 20 Jan 2010 23:56:51 GMT

I have been an NFCU member since I was a baby ;-) About 3 years ago I got a ".25% loan discount" coupon for my 25th anniversary of membership. Bought a car with it. NFCU couldn't give me "instant" credit even with my 796 score :-) But that could because I have stopped soft inquiries, and I actually never saw a hard inquiry on my report. I was trying to apply for a cash rewards card over the standard platinum I have now.f

BTW... who needs $50k in available credit??

Re: NFCU CLI

Anonymous — Thu, 21 Jan 2010 01:35:42 GMT

@Anonymous wrote:
I have been an NFCU member since I was a baby ;-) About 3 years ago I got a ".25% loan discount" coupon for my 25th anniversary of membership. Bought a car with it. NFCU couldn't give me "instant" credit even with my 796 score :-) But that could because I have stopped soft inquiries, and I actually never saw a hard inquiry on my report. I was trying to apply for a cash rewards card over the standard platinum I have now.f

BTW... who needs $50k in available credit??

Me!

It's like owning a Corvette with 500 hp. You might not actually use its full potential, but it sure is fun to have and drive!

Re: NFCU CLI

haulingthescoreup — Thu, 21 Jan 2010 01:49:05 GMT

txjohn wrote:

@Anonymous wrote:
I have been an NFCU member since I was a baby ;-) About 3 years ago I got a ".25% loan discount" coupon for my 25th anniversary of membership. Bought a car with it. NFCU couldn't give me "instant" credit even with my 796 score :-) But that could because I have stopped soft inquiries, and I actually never saw a hard inquiry on my report. I was trying to apply for a cash rewards card over the standard platinum I have now.f

BTW... who needs $50k in available credit??

Me!

It's like owning a Corvette with 500 hp. You might not actually use its full potential, but it sure is fun to have and drive!

And sometimes you need that power in the passing lane.

Re: NFCU CLI

Itsmeagain — Thu, 21 Jan 2010 12:43:17 GMT

@Anonymous wrote:
I have been an NFCU member since I was a baby ;-) About 3 years ago I got a ".25% loan discount" coupon for my 25th anniversary of membership. Bought a car with it. NFCU couldn't give me "instant" credit even with my 796 score :-) But that could because I have stopped soft inquiries, and I actually never saw a hard inquiry on my report. I was trying to apply for a cash rewards card over the standard platinum I have now.f

BTW... who needs $50k in available credit??

How do you stop soft inquiries? I thought that if you have a business relationship with a lender they could pull an AR anytime, even if your CR is locked.

Re: NFCU CLI

Anonymous — Thu, 21 Jan 2010 13:02:00 GMT

@Itsmeagain wrote:
@Anonymous wrote:
I have been an NFCU member since I was a baby ;-) About 3 years ago I got a ".25% loan discount" coupon for my 25th anniversary of membership. Bought a car with it. NFCU couldn't give me "instant" credit even with my 796 score :-) But that could because I have stopped soft inquiries, and I actually never saw a hard inquiry on my report. I was trying to apply for a cash rewards card over the standard platinum I have now.f

BTW... who needs $50k in available credit??
How do you stop soft inquiries? I thought that if you have a business relationship with a lender they could pull an AR anytime, even if your CR is locked.

They can pull. You can't stop it. Opting out only prevents you from receiving offers of credit under PROMO pulls.

Plus, soft pulls don't affect your credit profile, score or abililty to get credit. So it is sort of an endeavor of little return.

Re: NFCU CLI

Itsmeagain — Thu, 21 Jan 2010 13:10:58 GMT

Re: NFCU CLI

BungalowMo — Thu, 21 Jan 2010 14:54:13 GMT

@Anonymous wrote:
They always pull EQ, Mo.
@BungalowMo wrote:
Who did they pull??

DOH...ok....so I had a brain fart moment!!

Re: NFCU CLI

LynnBushea — Thu, 21 Jan 2010 18:09:10 GMT

Well I am not in the big leagues with you all yet. I was scared to apply for a credit card. I have the NRewards Secred Visa from NFCU. Maybe when my scores are stronger I can get a unsecured card.

Re: NFCU CLI

haulingthescoreup — Fri, 22 Jan 2010 00:48:32 GMT

LynnBushea wrote:

Well I am not in the big leagues with you all yet. I was scared to apply for a credit card. I have the NRewards Secred Visa from NFCU. Maybe when my scores are stronger I can get a unsecured card.

Wow, from your siggy, you've done a heck of a job already --478 to 602 ain't shabby!