NAVY FEDERAL DENIED

[M_Smart007]

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@recoveringfrombk7 wrote:

Getting approved for FS on the first card immediately after opening an account is highly unusual.  It has a minimum SL of 5000$.  Navy is known for giving SL 1k - 3k on the first card, even for high income earners.  They are additionally sensitive to DTI.  

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+1

[M_Smart007]

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@Anonymous wrote:

Joined a day ago opened a checking and savings account.decided today to do the prequel and was preapproved for all their cards.Ok so I append for the flagship card and got the in review answer within 24-48 hours.30 mins later received and email "sorry after further review we cannot approve your application but you may still apply for the secured card with a 200 dollars deposit.  Ow. I do you my FICO scores are exp 738 Tu 716 and eq 731 no baddies credit history 100% TransUnion pulled 4 inquires 68,000 in credit and utilization at 8% did I miss something?

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@Anonymous, Sorry for your denial,

I am not sure but maybe you can recon and see if you can get approved for a CashRewards or MoreRewards with the same HP. It may be worth a shot, all they can say is NO.

[gingerflower]

@Anonymous 

Flagship is a Signature card With a SL of $5000 I would have applied for cash rewards, Platinum or Amx. Sorry for the denial. 

[gingerflower]

@Anonymous 

I agree with @M_Smart007 why don't  you call to Recon for a cash rewards or a MoreRewards with the same Hp. Never know you might get approved!! Good Luck!

[Heatt99]

Call them and ask for the same pull be used for the Cash Back card, platinum or Go Rewards. You can always switch products down the line.

91/3 apply for the FS card, better results for approval.

I had lower scores, DTI was about 10%, mortgage adds to my approval rate. In 18 months I'm at 31k with Navy, and still growing with an overall 55% utilization.

Good Luck.

[Brian_Earl_Spilner]

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@Heatt99 wrote:

Call them and ask for the same pull be used for the Cash Back card, platinum or Go Rewards. You can always switch products down the line.

91/3 apply for the FS card, better results for approval.

I had lower scores, DTI was about 10%, mortgage adds to my approval rate. In 18 months I'm at 31k with Navy, and still growing with an overall 55% utilization.

Good Luck.

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They need to wait for the letter. Recon won't discuss the AA reason. If it's for not getting the limit, they don't need to speak to anyone, just apply for a different card. Same pull should be used. That's what I did for my Platinum.

[AverageJoesCredit]

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@Anonymous wrote:

Joined a day ago opened a checking and savings account.decided today to do the prequel and was preapproved for all their cards.Ok so I append for the flagship card and got the in review answer within 24-48 hours.30 mins later received and email "sorry after further review we cannot approve your application but you may still apply for the secured card with a 200 dollars deposit.  Ow. I do you my FICO scores are exp 738 Tu 716 and eq 731 no baddies credit history 100% TransUnion pulled 4 inquires 68,000 in credit and utilization at 8% did I miss something?

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Even those of us with cards and get denied still get offered the secured card on occasion.  No biggie. Problem i see is you took their prequal as solid gold which it is not. Honestly its still like throwing gum on the wall to see if its sticks. Some people just throw gum better

[CreditInspired]

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@Anonymous wrote:

Joined a day ago opened a checking and savings account.decided today to do the prequel and was preapproved for all their cards.Ok so I append for the flagship card and got the in review answer within 24-48 hours.30 mins later received and email "sorry after further review we cannot approve your application but you may still apply for the secured card with a 200 dollars deposit.  Ow. I do you my FICO scores are exp 738 Tu 716 and eq 731 no baddies credit history 100% TransUnion pulled 4 inquires 68,000 in credit and utilization at 8% did I miss something?

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Hi and welcome to myFICO

Could you give us some DPs because for no baddies, low UT, etc, your scores should be higher. What is AAOA, AOYA, AOOA, UT on each card in your possession, and inqs in the last 3/6/12 mos? 

[ficobuilder923]

Many say you need to have a prior relationship with them such as checking, mortgage, direct deposits, or the secured card with the horrible low limits first before you can get Flagship card. For example, I had the nRewards for about 8 years and the limit only grew from 1k-->3k. Then I applied for Flagship and bam, $25k max SL with lowest apr. Just gotta show NFCU a little love and they'll give you what you want. 

[Anonymous]

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@Anonymous wrote:

Joined a day ago opened a checking and savings account.decided today to do the prequel and was preapproved for all their cards.Ok so I append for the flagship card and got the in review answer within 24-48 hours.30 mins later received and email "sorry after further review we cannot approve your application but you may still apply for the secured card with a 200 dollars deposit.  Ow. I do you my FICO scores are exp 738 Tu 716 and eq 731 no baddies credit history 100% TransUnion pulled 4 inquires 68,000 in credit and utilization at 8% did I miss something?

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Okay so I know this is totally unrelated to your post, but I'm itching to ask, are you in the Bahamas or from the Bahamas.. I'm literally in the Bahamas right now due to COVID-19, haha.