topic Re: Navy Fed inquiries in Credit Cards

Navy Fed inquiries

bichonmom — Thu, 29 Mar 2012 00:35:45 GMT

Does anyone know if Navy uses the same HP for multiple uses (e.g. CLI, CC app, and/or other loan products) within a certain time period?

Thanks!

Re: Navy Fed inquiries

LS2982 — Thu, 29 Mar 2012 00:37:12 GMT

@bichonmom wrote:
Does anyone know if Navy uses the same HP for multiple uses (e.g. CLI, CC app, and/or other loan products) within a certain time period?

Thanks!

What kind of time period?

Re: Navy Fed inquiries

MsLadyRover — Thu, 29 Mar 2012 00:42:57 GMT

@bichonmom wrote:
Does anyone know if Navy uses the same HP for multiple uses (e.g. CLI, CC app, and/or other loan products) within a certain time period?

Thanks!

For me they did 2 HPs when I opened my account. One on EQ and one on TU. The very next day I applied for the Cash Rewards Visa and they did another pull on TU. So I ended up with 3. Of course YMMV.

Re: Navy Fed inquiries

LS2982 — Thu, 29 Mar 2012 00:43:57 GMT

@MsLadyRover wrote:
@bichonmom wrote:
Does anyone know if Navy uses the same HP for multiple uses (e.g. CLI, CC app, and/or other loan products) within a certain time period?

Thanks!

For me they did 2 HPs when I opened my account. One on EQ and one on TU. The very next day I applied for the Cash Rewards Visa and they did another pull on TU. So I ended up with 3. Of course YMMV.

Wow....that sucks! Did you get the CC?

Re: Navy Fed inquiries

Smug — Thu, 29 Mar 2012 00:49:42 GMT

For me two..... One for my account and one for my 10k MasterCard.

Re: Navy Fed inquiries

MsLadyRover — Thu, 29 Mar 2012 00:51:51 GMT

For me they did 2 HPs when I opened my account. One on EQ and one on TU. The very next day I applied for the Cash Rewards Visa and they did another pull on TU. So I ended up with 3. Of course YMMV.
Wow....that sucks! Did you get the CC?

Yes, I did which is why the 3 pulls didn't even bother me. They gave me my highest CL to date...$5K.

Re: Navy Fed inquiries

Creditaddict — Thu, 29 Mar 2012 02:07:18 GMT

Navy says all products are handled by different departments... So EVERY single application you do for new credit with them is a new HP!

The good news is they don't seem to care about INQ! LOL

Re: Navy Fed inquiries

LS2982 — Thu, 29 Mar 2012 11:14:03 GMT

@Creditaddict wrote:
Navy says all products are handled by different departments... So EVERY single application you do for new credit with them is a new HP!
The good news is they don't seem to care about INQ! LOL

Thats a big +! I wish there was a loophole nowadays I can get in!

Re: Navy Fed inquiries

laz98 — Thu, 29 Mar 2012 16:42:52 GMT

@Creditaddict wrote:
Navy says all products are handled by different departments... So EVERY single application you do for new credit with them is a new HP!

+1. That's what they told us too. I think they pulled EQ for our auto loan, & TU for our CC, but it might be the other way around. Too long ago to remember.

Re: Navy Fed inquiries

bichonmom — Thu, 29 Mar 2012 17:30:54 GMT

thanks for the replies. i guess i should expect multiple pulls so it's not really worth it for me.

Re: Navy Fed inquiries

max2mum — Fri, 30 Mar 2012 01:03:56 GMT

That is exactly what they did to me too. I ended up with 3 hard pulls a week apart for app & cc.

Re: Navy Fed inquiries

bichonmom — Fri, 30 Mar 2012 02:22:51 GMT

One downside to Navy is that they are kind of HP-happy.

Re: Navy Fed inquiries

score_building — Fri, 30 Mar 2012 06:25:52 GMT

@bichonmom wrote:
One downside to Navy is that they are kind of HP-happy.
Generally not for what they give in return and considering the majorty of CU pull per product sorta par for the course. Now if they were EX pullers that would be a bit more of a 'downside'

Re: Navy Fed inquiries

bichonmom — Fri, 30 Mar 2012 06:39:50 GMT

@score_building wrote:
@bichonmom wrote:
One downside to Navy is that they are kind of HP-happy.
Generally not for what they give in return and considering the majorty of CU pull per product sorta par for the course. Now if they were EX pullers that would be a bit more of a 'downside'

Why does it matter if it's EQ or EX or TU? Most CUs will use the same pull for at least 30 days. Yes, Navy gives high CL, but mine is only $2k, so I have yet to experience that benefit from them.

Re: Navy Fed inquiries

Anonymous — Fri, 30 Mar 2012 10:37:05 GMT

@bichonmom wrote:
Does anyone know if Navy uses the same HP for multiple uses (e.g. CLI, CC app, and/or other loan products) within a certain time period?

Thanks!

thats not what they did with me. they hp pulled me for member ship then took the same app and used it for my cc and auto loan. ive seen several people who join apply for everything at once cause its only one pull but of course ymmv

Re: Navy Fed inquiries

score_building — Sat, 31 Mar 2012 07:27:36 GMT

@bichonmom wrote:
@score_building wrote:
@bichonmom wrote:
One downside to Navy is that they are kind of HP-happy.
Generally not for what they give in return and considering the majorty of CU pull per product sorta par for the course. Now if they were EX pullers that would be a bit more of a 'downside'

Why does it matter if it's EQ or EX or TU? Most CUs will use the same pull for at least 30 days. Yes, Navy gives high CL, but mine is only $2k, so I have yet to experience that benefit from them.

Some are amenable, it varies widely- but many, including NFCU typically pull separately for product.

In the absence of any road blocks (e.g. having reached a maximum exposure limit, etc) it is likely to grow with you over time.

While I likely didn't wait long enough to earn an auto or preapproved (hard free) CLI with NFCU, each CLI request resulted in a sizable increase.