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NFCU left with questions

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Contributor

NFCU left with questions

So I opened my account in January and was approved for the cash rewards with $500 SL. In May I asked for the usual 3 times bump and was given a limit of $1500. Now here we are over 90 days since last cli. Thought I would app for new card did the prequalify and was approved for any card. Decided to try the flagship. Went to review and was denied. Also denied for another cli on existing card. **bleep**. Score is 755 with them. Any ideas? 

PenFed Pathfinder Visa- (17500), PenFed Visa- (17500), Langley FCU- (10000), Navy FCU- (500), USAA Cash Rewards- (2500), USAA Rate- (6000), Amex Hilton- (2000), Amex ED- (3900), Amex Gold- (NPSL), Amex Magnet- (12400 AU), Amex Business- (18000 AU), Discover IT Travel- (12400), Discover IT Cash- (3000), Macys Amex- (7000), Chase- (4500), Petal Card- (4500), Apple Card- (4500), BBVA- (5000), Barclay Carnival- (6000), Cap 1- (1170), Cap 1- (2500), Cap 1 QS- (500 Closed), Cap 1 Venture- (1000), Cap 1 Walmart- (1200), Credit One- (1100 Closed), Credit One- (1850 Closed), Merrick- (1650), Legacy- (2100), Wayfair- (10800), Home Depot- (4900), Lowes- (5000), Firestone Car Care- (2000), Victoria Secret- (2100), Belk- (700), PayPal Credit- (3400), Sams- (1550), Gettington- (1650), Kohls- (3000), Jared- (3000), Care Credit- (2500), Target- (400), Klarna- (1000), Affirm Peloton- (8000), Affirm JomaShop- (3580)
Message 1 of 7
6 REPLIES 6
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Valued Contributor

Re: NFCU left with questions

A couple ideas come to mind... 

first, sorry for the wasted HP.

Second, they should do away with that bogus so called "pre-qualification" as it seems it has zero bearing on anything reality based.  My DW is prequalified for all even though she already has 3 cards.  I am prequalified still after falling for it and burning an INQ a few months ago when it was launched.

 

All that said, I love NFCU for their card products but they are definately a HP machine.




Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = Very Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, FuelMan .8K, Citi Tractor Supply Rev .8k, Builder Pro 5.4K, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG | AMEX Biz Gold NPSL
Message 2 of 7
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Epic Contributor

Re: NFCU left with questions


@Moneyfan1974 wrote:

So I opened my account in January and was approved for the cash rewards with $500 SL. In May I asked for the usual 3 times bump and was given a limit of $1500. Now here we are over 90 days since last cli. Thought I would app for new card did the prequalify and was approved for any card. Decided to try the flagship. Went to review and was denied. Also denied for another cli on existing card. **bleep**. Score is 755 with them. Any ideas? 


@Moneyfan1974, Sorry for your denialSmiley Sad

On the CR CLI, you would have to wait 180 days since your last CLI per Navy rules. (91/3 is for 1st CLI only)

On the prequal .. not accurate at all. I was preqaulified for ALL cards, and I am at the (3) card max allowed.

You might try to recon the Flagship decision to maybe the MoreRewards, as it does not require the $5K Signature minimum.

There are some data points of successful recons.

 

You can also read up here;

https://ficoforums.myfico.com/t5/Credit-Card-Applications/Navy-Federal-Thread-for-CLI-and-Additional...

 

Good Luck!

Message 3 of 7
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Valued Member

Re: NFCU left with questions

Sorry to hear that @Moneyfan1974 

 

I counted 39 open revolvers in your signature, including your AU accounts...how many of those have you opened in the last 12 months, how many TU inquiries?  

 

I personally haven't read anyone mentioning being denied with NFCU for new accounts or inquiries (most is always praise), but obvioulsy you have a lot of open accounts.  What is your current overall UTI and DTI?

Message 4 of 7
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Valued Contributor

Re: NFCU left with questions


@M_Smart007 wrote:

On the CR CLI, you would have to wait 180 days since your last CLI per Navy rules. (91/3 is for 1st CLI only)


I have to remember this...  thanks.  At least CLI's are SP's now.




Rebuilding from a sudden, swift and complete credit disaster in early 2014 | Starting Scores 2017 = Very Low 400's
1-1-17 -
8-1-18 -
12-24-18 -
Current F08 -
Current F09 -

Biz Credit in Order of Approval - Uline, Quill, Grainger, SupplyWorks, MSC, Amsterdam, FuelMan .8K, Citi Tractor Supply Rev .8k, Builder Pro 5.4K, Amazon Net 55 $5.5k, NewEgg Net 30 10k, Richelieu 2k, Wurth Supply 2k, Global Ind 2k, Sam's Club Store 11.k, Shell Fleet 19.5k, Citi Exxon 2.5k, Dell Biz Revolving $15k - All No PG | AMEX Biz Gold NPSL
Message 5 of 7
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Contributor

Re: NFCU left with questions

Uti under 10% dti around 30%


@growthadvocate wrote:

Sorry to hear that @Moneyfan1974 

 

I counted 39 open revolvers in your signature, including your AU accounts...how many of those have you opened in the last 12 months, how many TU inquiries?  

 

I personally haven't read anyone mentioning being denied with NFCU for new accounts or inquiries (most is always praise), but obvioulsy you have a lot of open accounts.  What is your current overall UTI and DTI?


 

PenFed Pathfinder Visa- (17500), PenFed Visa- (17500), Langley FCU- (10000), Navy FCU- (500), USAA Cash Rewards- (2500), USAA Rate- (6000), Amex Hilton- (2000), Amex ED- (3900), Amex Gold- (NPSL), Amex Magnet- (12400 AU), Amex Business- (18000 AU), Discover IT Travel- (12400), Discover IT Cash- (3000), Macys Amex- (7000), Chase- (4500), Petal Card- (4500), Apple Card- (4500), BBVA- (5000), Barclay Carnival- (6000), Cap 1- (1170), Cap 1- (2500), Cap 1 QS- (500 Closed), Cap 1 Venture- (1000), Cap 1 Walmart- (1200), Credit One- (1100 Closed), Credit One- (1850 Closed), Merrick- (1650), Legacy- (2100), Wayfair- (10800), Home Depot- (4900), Lowes- (5000), Firestone Car Care- (2000), Victoria Secret- (2100), Belk- (700), PayPal Credit- (3400), Sams- (1550), Gettington- (1650), Kohls- (3000), Jared- (3000), Care Credit- (2500), Target- (400), Klarna- (1000), Affirm Peloton- (8000), Affirm JomaShop- (3580)
Message 6 of 7
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Valued Contributor

Re: NFCU left with questions

Since the Flagship requires a minimum SL of $5000 and your first card was $500, that's a pretty big leap and they were likely uncomfortable with a 2nd card with that SL IMHO.  If you attempt to recon, good luck and maybe your 2nd card won't be the Flagship.

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