That is unfortunate about your denials. Best practice is to research, research, and more research. Hopefully, you will have more success moving forward.
For your reading pleasure. Navy Federal Thread for CLI and Additional Cards
That’s why it’s frequently said YMMV. Alot of what you’d said about certain about certain banks being inquiry sensitive is well known in these boards. Can’t get carried away looking at other people DPs your profile is unique. As PP said research more next time. This too shall pass.
I think your thin profile combined with recent credit-seeking may have led to this result. I don't think you mentioned income, or utilization, so those could have played a role as well. I wouldn't worry too much about it, what's done is done. Effects of inquiries fade pretty quickly and are no longer considered in scoring in most models after one year, though they could still be considered by lenders for up to two years. My advice would be to wait a few months and try again for one of those cards, then wait a few months and try again for another. But that's my quick and mostly uninformed opinion, take it with a grain of salt. Good luck!
NFCU only allows one card every 91 days/3 full statements, with a max of 3 cards. Hence the denial on the Amex. Also, NFCU prequal is unreliable, don't go by it at all.
To add to what others are saying, the search feature is your friend here... really a lifeline!
I'll search for the card I'm interested in and "decline" and then sort by most recent... doing that gives you a sense of what the cards are looking at in the current economic climate.
Also, If you do a prequal site, be aware that they may do the soft pull on one CRA but the HP will often come from a different one. Disco pulls EQ for prequalification but EX for the actual app.
There is also a Credit Pulls Database that you can find through a google search... though it doesn't seem to be getting people reporting as much as they used to. The Credit Pulls DB will show who pulled what, whether someone was denied or approved and often their credit score.
Finally, if you really have your heart set on Wells Fargo, there is some data to suggest that applying in person at a branch is often more successful than cold apping online... you might even open a checking and/or savings to make them think you're going all in with them. This was pre-Covid so not sure if that is still the case.
Navy will likely give you what you whatever you ask for in a few months. But if you really want Wells Fargo, position yourself to go with that... there is something to be said for diversified credit portfolios because if something goes wrong with one lender, you limit your exposure.
A couple of years ago, basically all I had was Cap 1....3 cards with them (basically because they were the only ones giving me credit back in the day. I screwed up and in the blink of an eye, 2 of the 3 were shut down including my oldest card... 2/3rds of my available credit gone overnight. The only thing that kept the 3rd card alive was the fact that Comenity bought the Sony cards so that moved over.
I had to scramble to try to replace this trade lines by opening secured cards with Disco, Citi, and USBank.
But the good news is that now I have a more robust portfolio as a result.
So as much as I love Navy right now, I know I need to keep plugging away with the other lenders in case something, Dog-forbid, made Navy have to scale back or they decided they needed to do a bunch of adverse actions to mitigate their outstanding risk.
Good luck!
