There is a lot of unknown information in regards to your portfolio. How much debt do you have? What is your income? How many hard inquiries do you have? How many new cards in the last 3/6/12 months? Additionally, Navy Federal assigns their members an internal score in addition to using their Transunion score to make credit decisions. Some of the factors they use to assign you a score is direct deposit status and length of membership.
By the looks of your signature, you seem to have a lot of credit cards. I don't know if maybe they don't feel comfortable giving you credit knowing you have so much available already?
Do you have any negatives on your file?
Number of Inquiries?
Income?
Most recently opened account?
You're in command of $321,400 of credit among 44 accounts -- as @OmarGB9 & @Ziti said, more info would help.
DTI a problem with ~32k debt?
One reoccurring theme with NFCU from what I have read is that they do value membership duration -- but not necessarily a requirement. IIRC, some people have joined and snag a card in the same effort.
There is a large thread here about NFCU DP in case you haven't seen that.
@DONZI wrote:You're in command of $321,400 of credit among 44 accounts -- as @OmarGB9 & @Ziti said, more info would help.
DTI a problem with ~32k debt?
One reoccurring theme with NFCU from what I have read is that they do value membership duration -- but not necessarily a requirement. IIRC, some people have joined and snag a card in the same effort.
There is a large thread here about NFCU DP in case you haven't seen that.
Depending on profile or even length of membership, the debt load may not be an issue. Im currently carrying a huge debt load helping my Dad and mist of that debt is with Navy yet they STILL increased one of my cards🤯 and they know my exact income so they do give leeway for its members. Sometimes lenders need time to warm up to us. It took me 5 years plus for Penfed to even start opening up the coffers but as hard as it was with all the rejections along the way, when those approvals start coming, woo was the juice worth the squeeze
@Anonymous wrote:Looking for advice. I see so much on here with success from Navy. For some reason they do not like me. I have the cash rewards card, started at $500 limit in 2020. I have followed suggested guidelines for usage and increases and more time than not I am declined. I managed to get it up to $1500 until last September and finally got a $3000 cli. I last applied for an additional card well over a year ago and was declined. Go on tonight to see what I could get, tried their pre-approval portal and boom. Approved for the secured card with an offer to start account with $200. Really what do I need to do to get love from them, I am obviously not doing something right. Score on their site is 748 and utilization is around 10%. HELP???
Next time you get an adverse action letter from them, look for the reason they denied your application. That will give you a clue as to what they don't like about your profile.
@AverageJoesCredit wrote:
@DONZI wrote:You're in command of $321,400 of credit among 44 accounts -- as @OmarGB9 & @Ziti said, more info would help.
DTI a problem with ~32k debt?
One reoccurring theme with NFCU from what I have read is that they do value membership duration -- but not necessarily a requirement. IIRC, some people have joined and snag a card in the same effort.
There is a large thread here about NFCU DP in case you haven't seen that.
Depending on profile or even length of membership, the debt load may not be an issue. Im currently carrying a huge debt load helping my Dad and mist of that debt is with Navy yet they STILL increased one of my cards🤯 and they know my exact income so they do give leeway for its members. Sometimes lenders need time to warm up to us. It took me 5 years plus for Penfed to even start opening up the coffers but as hard as it was with all the rejections along the way, when those approvals start coming, woo was the juice worth the squeeze
Love PenFed, both started high and have grown beautifully. I don't have a lot of debt though.
