I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
@dytch2220 wrote:I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
Perhaps it's an income or DTI thing?
@GZG wrote:
@dytch2220 wrote:I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
Perhaps it's an income or DTI thing?
Income is pretty solid, DTI is possible because my truck loan is a bit high and at the time I req'd CLI had very high revolving utilization. What threw me off is that it didn't specify these issues in the denial and made it seem like it's not possible to get a higher limit than $7300 with Navy.
@dytch2220 wrote:
@GZG wrote:
@dytch2220 wrote:I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
Perhaps it's an income or DTI thing?
Income is pretty solid, DTI is possible because my truck loan is a bit high and at the time I req'd CLI had very high revolving utilization. What threw me off is that it didn't specify these issues in the denial and made it seem like it's not possible to get a higher limit than $7300 with Navy.
it's their current cap for your current profile, not forever. Getting the Utilz down and trying again might help.
I would consider calling them to prevent automatic CLIs in the future so you can make the most out of them when you do request them.
Perhaps if Utilz goes down, DTI goes down, income goes up, time passes, you use Navy stuff more they might be more willing to grant CLIs in the future.
@SUPERSQUID wrote:Its only a temporary thing with them. Once you lower your utilization they should go higher, they are very DTI oriented. ymmv
Do I need to wait any amount of time after the prior CLI, or good to go as soon as utilization is reported?
@dytch2220 wrote:I recently applied for a CLI on my unsecured cashRewards Visa, the card has a $2400 limit. My other card with Navy is the More Rewards Amex with a $4900 limit. I was denied the CLI and received a letter saying I've reached the maximum unsecured credit limit with Navy FCU. I feel like I've seen much higher individual limits than $7300 on signatures from other forum members, let alone an overall total. Is this a bucketing issue or what's going on?
I had that denial reason code for two years, before I got my next CLI on my card. I just kept asking, every month anyway.
As mentioned by other, it's temporary. It just means that's the max credit they're willing to lend you *right now.* It can change in the future, though. You can keep trying until you're approved - there's no timeframe for how often you can ask, but a good rule of thumb would probably be every month or two. Once you do get approved, then you won't be eligible for another CLI for 183ish days/6 statements.
Time and relationship and no new baddies are most important to NFCU. Got denied for CLI 60 days ago and got approved for $5500 cli this week. Hang in there!
