@Anonymous wrote:Well, my secured Discover it card is now unsecured and my $400 limit was bumped to $1,500. It took about 6 months and was done automatically.
I had just hit my third statement and was on day 94 after opening my first NFCU credit card. It has a $3,500 CL, and I was going to request a CLI after applying for a new card.
Do I need a new card, not really. However, I was excited to have one of NFCUs famous high credit limits. After being denied by Apple a few times over the last year until last week where I was approved for $4,500 (I declined the offer), and with my scores in the 690s, I thought I would have not issues.
I was wrong.
I knew the flagship card had harder underwriting, but I figured let's go for it. After about 20 long seconds, I was denied. Well, there goes a wasted HP (just had two fall off for being over 2 years old). Perhaps I would have had better luck with the platinum card or the Amex version.
I then decided to request a CLI. I thought they were asking what amount I'd like to add to my current limit so I put $4,000 ($7500 total), but it seems it was asking for the total amount I wanted it to end up being.
So, did I just request a $4,000 increase or a $500 increase? I'll get their answer eventually.
I'm just disappointed that I wasted a hard pull on a denial.
@Anonymous
Good evening! So, this post is not confusing but the layout can lead to confusion (not judging, not criticizing)...
So, I am seeing two questions: one is about Credit Line increases with Discover and then one is credit card application with NFCU.
So, I was in a similar situation with Discover. Secured Card with Discover....mine graduated after eight months and the $500 deposit I had with them was returned and my credit limit was increased to $1,500. I went for a CLI for four consequtive months (via my account on-line) and was denied all four times. The reason given each time was "not enough experience with current credit line". All good. Magically, in September, 2021 (when the $1,500 was now in place for one year) the CLI request was approved and doubled (from $1,500 to $3,000).
It seems like I might have a chance for another CLI at 6 months. Discover will tell you flatly that we can apply for a CLI every week. I would not doubt that. But, I would humbly suggest that following their guidelines is a smarter option. So, once six months have passed I *might* cosider a CLI. Not likely, but maybe.
I also am a member of NFCU. I was eligible for all of their cards (well, that is a strong comment...ha! ha!....I would suggest that NFCU was simply being kind to me) and opted for the cashREWARDS (one of the lower level cards and went for "let's make sure that we get one....let's start at the bottom and work our way up the ladder"). NFCU is indeed known for "higher-ish" starting Credit Limits. There are some "internal guidelines" for new cards, for Credit Limit increases, and for product changes.
One of the "internal guidelines" for NFCU is not only the number of days (supposedly, one needs to wait 91/3 - translates to 91 days and three billing cycles) but also the number of "full" billing cycles. I know this from experience. This is a bit technical. But, the devil is in the detail and we need to be aware of this.
What constitutes a "full billing cycle"? Simple question, right? No, sir! No, ma'am! Not so simple - at facevalue - at all.
I believe that I have read all of the appropriate forums here and I believe that the "cut off" is 24 days. If your "billing cycle" has run for 24 days, then it might not be a full billing cycle. But, if it is 25 days, then it is a full billing cycle. I would suggest that you investigate this for yourself, but I believe what I have suggested is accurate. Does anyone have any different information on this point? I welcome it....I do not want to offer incorrect information.
Starting Score: Exp 627