topic NFCU New card/CL question in Credit Cards

NFCU New card/CL question

nitrov — Sat, 26 Jul 2014 19:07:49 GMT

I've heard so many great things from here about the generous CLs NFCU offers, so I decided to come out of the garden and app. My USAA FAKO for EX/EQ/TU is 749/722/739, respectively, I'm not sure how much off my FICO is, but I figured approval odds were good regardless. I apped for the Flagship Signature Visa and got approved for only $5000 when my avg. CL is around $7000 right now. I was pretty bummed.

I tried asking for more when I was told I was approved and was told that was the maximum I qualified for. I read on here someone had success with calling back a week later mentioning they wanted to transfer balances. Anyone had success with this or otherwise? Any tips for how I may be able to squeeze a better CL out of them or do I need to wait? I really don't want to have to take another HP just to get a CLI on this thing.

Any help is appreciated!

Re: NFCU New card/CL question

Creditaddict — Sun, 27 Jul 2014 00:03:32 GMT

@nitrov wrote:
I've heard so many great things from here about the generous CLs NFCU offers, so I decided to come out of the garden and app. My USAA FAKO for EX/EQ/TU is 749/722/739, respectively, I'm not sure how much off my FICO is, but I figured approval odds were good regardless. I apped for the Flagship Signature Visa and got approved for only $5000 when my avg. CL is around $7000 right now. I was pretty bummed.

I tried asking for more when I was told I was approved and was told that was the maximum I qualified for. I read on here someone had success with calling back a week later mentioning they wanted to transfer balances. Anyone had success with this or otherwise? Any tips for how I may be able to squeeze a better CL out of them or do I need to wait? I really don't want to have to take another HP just to get a CLI on this thing.

Any help is appreciated!

Is this your first NFCU Card?

if it is that sounds super low and I would send a secure message online that you were really disappointed with the limit given your 700's scores and higher CL's with other creditors, would they reconsider.

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 04:05:23 GMT

What's your income?

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 11:48:26 GMT

@Creditaddict wrote:
@nitrov wrote:
I've heard so many great things from here about the generous CLs NFCU offers, so I decided to come out of the garden and app. My USAA FAKO for EX/EQ/TU is 749/722/739, respectively, I'm not sure how much off my FICO is, but I figured approval odds were good regardless. I apped for the Flagship Signature Visa and got approved for only $5000 when my avg. CL is around $7000 right now. I was pretty bummed.

I tried asking for more when I was told I was approved and was told that was the maximum I qualified for. I read on here someone had success with calling back a week later mentioning they wanted to transfer balances. Anyone had success with this or otherwise? Any tips for how I may be able to squeeze a better CL out of them or do I need to wait? I really don't want to have to take another HP just to get a CLI on this thing.

Any help is appreciated!
Is this your first NFCU Card?
if it is that sounds super low and I would send a secure message online that you were really disappointed with the limit given your 700's scores and higher CL's with other creditors, would they reconsider.

Yes, very first NFCU card, just became a member with them like a day before apping. I sent the secure message, fingers crossed for a better CL from that method. When I asked the woman on the phone she also told me there was no way of getting a CLI with them unless you HP, which I've read otherwise online, so maybe she just didn't know what she was doing :\

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 11:49:28 GMT

@j_casteel wrote:
What's your income?

Income is around mid-100's, my DTI is still low, CC util was around 30% as of the CBI they pulled, as of now it's probably about 20%

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 19:58:10 GMT

I helped out my boyfriend and both my parents with apping for NFCU cards. They all have significantly lower income, lower scores, and a couple old baddies, but somehow, they ALL got approved for a higher CL than me!

I apped for a Flagship card for myself but nRewards cards for them. Any possibility that has something to do with it? I am just completely dumbfounded by this! Hopefully I hear back from my secure message with some better news but I am just floored if $5000 is the max I'm getting when they're getting $6000-14,000 with mediocre-at-best credit

-_____-

Re: NFCU New card/CL question

empiror22 — Sun, 27 Jul 2014 20:42:44 GMT

whats your AAoA, do you normally bank with NFCU? do the other have better AAoA or do more business with NFCU? how long have you been with NFCU? these are just some things to think about when you talk about any creditor. most will look at some one with a low score "better" if they have a long AAoA or do a lot of business with them already.

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 20:45:58 GMT

Yeah it seems strange. Do you happen to know your actual FICO's? I know you should get one with your new card, but just curious if they are pulling something lower than your FAKO scores.

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 20:47:49 GMT

@empiror22 wrote:
whats your AAoA, do you normally bank with NFCU? do the other have better AAoA or do more business with NFCU? how long have you been with NFCU? these are just some things to think about when you talk about any creditor. most will look at some one with a low score "better" if they have a long AAoA or do a lot of business with them already.

Neither my boyfriend (got approved fo $14k) nor my mom ($6k) have any relationship with NFCU. Each of them only have 1-2 tradelines and their AAoA is <2 years.

My AAoA is ~3.5 years, I'm also a new NFCU member. So, considering we're all equal in terms of existing relationship (none) with NFCU, my credit score is about 100 points higher, AAoA is over twice as long, and income is more than triple, I can't understand why my CL would be less than theirs.

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 20:50:03 GMT

@j_casteel wrote:
Yeah it seems strange. Do you happen to know your actual FICO's? I know you should get one with your new card, but just curious if they are pulling something lower than your FAKO scores.

I wish I knew. I know according to Discover my FICO is a 702, but I don't know how accurate that is or even what bureau they use. The only other scores I get are one from CapitalOne and Credit Karma, both of which are in the 695 range. I just got approved for a Chase IHG Mastercard with a $9000 limit, so I have to assume my score is well within the 700s.

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 20:50:04 GMT

Epitome of YMMV I guess

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 20:52:04 GMT

You can always pull your scores from myFICO. They are true FICO's. Also, Discover is a TU FICO.

Re: NFCU New card/CL question

empiror22 — Sun, 27 Jul 2014 20:54:36 GMT

well that very odd, have they sent you the paperwork saying that checked your credit with equifax yet? what were the comments? I have a little over 700 fico (per NFCU), i'm a student have one card for the last 3 years with them 2500 limit, they just gave me a 20k limit visa last month. I do have 6 old bad accounts from 2010 that are paid, i have about 15k with them in savings/checking. i don't use them for my main bank but i do keep some money there. my wife just started this month using them as her main bank (so she is new member), score just shy of 800, income about 75k same job for 6 years after grad school she got 22.5k.

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 20:55:45 GMT

NFCU pulled TU, so maybe my TU FICO is actually right below 700, but even if that's the case, I still would have to be at least 50-75 points higher than either of them. Crazy to me!

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 21:01:42 GMT

They pulled TU for a CC? That's strange in and of itself.

Re: NFCU New card/CL question

empiror22 — Sun, 27 Jul 2014 21:02:22 GMT

I have used them a lot in the past and they have only pulled EQ, except when i needed a recon on a loan they pull EQ and TU. I would check your TU make sure you don't have any weird/ wrong info.

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 21:09:34 GMT

@j_casteel wrote:
They pulled TU for a CC? That's strange in and of itself.

Yea, they actually pulled it twice too. I thought it was super strange. I know there's no odd stuff on there, but EQ and EX both have freezes, so maybe that's why they pulled TU?

Re: NFCU New card/CL question

empiror22 — Sun, 27 Jul 2014 21:12:21 GMT

yea maybe, but becasue you have the other 2 on freeze maybe they are afraid to give you a high limit??? just a thought/ or question

Re: NFCU New card/CL question

j_casteel — Sun, 27 Jul 2014 21:17:35 GMT

I'm surprised they didn't have you thaw EQ. NFCU has only pulled TU once for me that's when I joined. ALL credit apps (CC's, LOC, & auto) have always been EQ.

Re: NFCU New card/CL question

nitrov — Sun, 27 Jul 2014 21:22:29 GMT

@j_casteel wrote:
I'm surprised they didn't have you thaw EQ. NFCU has only pulled TU once for me that's when I joined. ALL credit apps (CC's, LOC, & auto) have always been EQ.

TU I thought was also frozen. They did make me answer verification/public record questions which leads me to believe it is frozen. I would've rather them pulled EQ because I'm sure it's higher. No clue why they would've pulled TU instead, let alone twice.