NFCU CLI

[Anonymous]

Well I just called in.  CLI Denied.  Approval on the 15K cloc no problem.. I don't get it. 

[Aduke1122]

Sorry to hear that , Navy Fed is a strange duck , I have had a cc wth them for almost 10 mths , I had to recon my approval back last summer so they gave me a 500SL , back then I was still very early on in my rebuilding and still had baddies , well now that my reports are clean and my scores have went up drastically they still won't give me a CLI or Cloc for that matter , so I'm stuck at 500 CL

[Aduke1122]

Don't get to frustrated or discouraged just try again after the next AR

[Anonymous]

I sent an email to them today with request to review.  Here's the response I got back:  

Subject: Credit Line Increase

Navy Federal Response 04/17/2017 :

Thank you for your message. We received your inquiry for reconsideration on your line of credit. Because we take our members' concerns seriously, we conducted a second review of your application. After careful consideration, we have determined that you do not qualify for any additional credit at this time due to your account is too new. Our records indicate your GOREWARDS Visa account has been opened since February 2, 2017. Every financial institution has its own guidelines and qualification factors to determine a line of credit. Unfortunately, at this time we are unable to increase your line of credit.

In addition, it is suggested that you demonstrate creditworthiness by properly maintaining your existing account for an extended period of time before requesting a credit line increase.  At the time your account was processed you were approved for the maximum you qualified for. If you have any questions, please contact us anytime at 888-842-6328.

When is there next AR and should I try it again then?

Aduke1122

Valued Contributor

Posts: 2,858

Registered: ‎05-25-2016

Re: NFCU CLI

‎04-17-2017 11:18 AM

Don't get to frustrated or discouraged just try again after the next AR

Aduke1122

Valued Contributor

Posts: 2,858

Registered: ‎05-25-2016

Re: NFCU CLI

‎04-17-2017 11:18 AM

Don't get to frustrated or discouraged just try again after the next AR

Aduke1122

Valued Contributor

Posts: 2,858

Registered: ‎05-25-2016

Re: NFCU CLI

‎04-17-2017 11:18 AM

Don't get to frustrated or discouraged just try again after the next AR

[Anonymous]

Don't get to frustrated or discouraged just try again after the next AR

[Anonymous]

Don't get to frustrated or discouraged just try again after the next AR

[Anonymous]

Don't get to frustrated or discouraged just try again after the next AR

[Anonymous]

From reading their response, it looks like your card was opened February 2nd. Give it until after May 2nd. That'll put you at 90+ days the account has been open and a fresh AR.

[Anonymous]

Both the Checking &  Savings, along with the Go Rewards card was opened on 2/2/17.  I was counting Feb, Mar, Apr as my 90 days since 3 statements have been cut already for each. Do you think they are counting Mar, Apr, May as my 90 days?  If that is the case then no wonder they declined it.  How long after should I wait to try

FloridaElement

Established Member

Posts: 19

Registered: ‎09-06-2016

Re: NFCU CLI

‎04-17-2017 06:13 PM

From reading their response, it looks like your card was opened February 2nd. Give it until after May 2nd. That'll put you at 90+ days the account has been open and a fresh AR.

[Anonymous]

From reading their response, it looks like your card was opened February 2nd. Give it until after May 2nd. That'll put you at 90+ days the account has been open and a fresh AR.

[CreditInspired]

Since the account wasn't opened until Feb 2, the first statement cut probably wasn't until end of Feb, early March. Somewhat agree with FloridaElement, wait until after May 2 to try again. But if it were me, I would wait for 6 statements to cut because their response is very specific about this being a "new" account, telling you how to demonstrate creditworthiness by maintaining it an "extended" amount of time before requesting a CLI, and letting you know they gave you the maximum CL allowed when you were approved. Good luck.

[Anonymous]

They go by 90 calender days, which would put you at May 7th.