NFCU 2nd Card Approval Odds

[njames33]

I've been a member of NFCU about a year and was approved for a CLI from $500 to $25k on a cash rewards card a few months back. I'm trying to get one more card with a $25k+ range limit so would like some advice as to best way to get this approved. Currently I have a $5k balance on my Cash Rewards and I would like to apply for their Flagship. Do you recommend paying off a portion or the entire balance before applying? I'd prefer to do a balance transfer to another card but I figured that wouldn't look as good. Appreciate any advice. Thanks.

Credit.com Experian National Equivalently Score: 818

Credit Karma Vantage Scores: TU 716 & EQ 732

Chase Card Acquisition Risk Score: EX 719

Wells Fargo Monitoring PLUS Scores: EX 780, EQ 685, TU 767

FICO Bankcard Score: 5/EQ 717, 4/TU 630, 2/EX 814

MyFico Fico Score 8: EQ 628, TU 616, EX 620

MyFico FICO Auto Score: 5/EQ 716, 4/TU 672, 2/731

Ratio of Revolving Balances to CL 16% /Oldest Account Closed 8 years / 2 Active CC's reporting 1 year & 1 mo

$25,000 Navy Federal Cash Rewards (1 year) $25,000 Chase Sapphire Reserve (new)  $10,000 Chase Sapphire Preferred (new) $ 8,500 Chase Amazon Prime (new) $ 1,000 Wells Fargo Propel Amex (1mo old) $500 Wells Fargo Business (1 year) (not reporting on personal)

You have a public record and/or collection on your credit report.  (unpaid medical collection, paid tax lien)

You have no recent activity from a non-mortgage installment loan.

You have a short credit history.

You have too many credit accounts with balances

[creditguy]

Not sure what your odds are and I'm not sure anyone can say with any certainty. The thing with with Navy is hitting maximum exposure. We all have a limit with Navy and the only way to find out is by applying for more credit from them and see what the results are. I'm not sure currently carrying a balance with them affects your odds, it just all comes down to how comfortable they are extending you more credit. Best of luck if you decide to pull the trigger and apply for the flagship. 

[garagebandking]

Hard to say but, I've been a member since 11/2016. When I opended membership I was approved for the Platinum card at 23.5k. Did a 6k BT to it which is sitting at around 5k right now.

Opened a CLOC in February 2017 for 15k which will go untouched.

Just applied for the flagship visa and was approved at 9500 after a review that took maybe an hour.

TU is around 730 and EQ is around 690 with 17+ inqs on each...they pulled TU for both my CCs

So, I don't think the balance will necessarily prevent you from getting a new card, but I'd imagine it will not be at a 20k limit. It all depends on how much they like your profile, including income. I've heard conjecture that getting a CLI on an existing card might be a good sign towards getting a second.

How willing are you to take an INQ to see if you've hit your NFCU internal limit?

[njames33]

garagebandking any reason you didn't just try to request a CLI on the existing card? My initial thoughts were they couldn't do an instant CLI over $25k with a soft pull but someone replied on another board that they got bumped to a $50k CL doing it online/soft inq.