It may be the internal limit on that card for the time being. Perhaps, you need more time.
Do you have other Navy cards? If not, a second Navy application for a new card may yield more credit?
Do you have other Navy cards? If not, a second Navy application for a new card may yield more credit?
@Anonymous wrote:Hello
I received Navy Fed's cash rewards visa in October. I waited the 3 months (maybe a little more) and then asked for a CLI a week or so ago. Just got the letter in the mail denying. The reason stated is, "You've reached Navy Federal's maximum unsecured credit limit."
I kind of did a double take because I've seen people with Navy Fed cards with 20k+ limits. And this card I have is only a 1k limit. Is this normal? Is it this specific card?
There were no other reasons for the denial given.
Give it a little more time. You can try in 90 days... But I would wait 6 months for best results
Yes, I probably would. Navy has been pretty good to me so far despite being a member only a few months. You guys need to stop tempting me to apply 
Yeah, for some reason I didn't even think there would be individual internal limits on the cards. In my (admittedly simple) mind it was, "get your limit, get your increase in 3 months if you've been good". Guess it never occurred to me that denials could happen for reasons outside of your credit score.
(because I have been good)
However, they gave me the car loan and the credit card all within 4 months of becoming a member so I can't complain.
@Anonymous wrote:Hello
I received Navy Fed's cash rewards visa in October. I waited the 3 months (maybe a little more) and then asked for a CLI a week or so ago. Just got the letter in the mail denying. The reason stated is, "You've reached Navy Federal's maximum unsecured credit limit."
I kind of did a double take because I've seen people with Navy Fed cards with 20k+ limits. And this card I have is only a 1k limit. Is this normal? Is it this specific card?
There were no other reasons for the denial given.
Every profile is different, orher people with 20k limits probably be saying same about people with 25k limits. Just means right now they arent comfortable lending more. Stay the course it will come
@M_Smart007 wrote:
@Anonymous wrote:Hello
I received Navy Fed's cash rewards visa in October. I waited the 3 months (maybe a little more) and then asked for a CLI a week or so ago. Just got the letter in the mail denying. The reason stated is, "You've reached Navy Federal's maximum unsecured credit limit."
I kind of did a double take because I've seen people with Navy Fed cards with 20k+ limits. And this card I have is only a 1k limit. Is this normal? Is it this specific card?
There were no other reasons for the denial given.
Give it a little more time. You can try in 90 days... But I would wait 6 months for best results
Actually could try in a week if they wanted. Being denied a cli doesnt reset the clock. And Navys decision could change tomorrow , a week or months from now lol
Many of us, even with high FICOs, high incomes, and thick files have seen that message at some point, @Anonymous. It just means, as of that moment in time, that is all they are willing to lend you. And yes, it goes a lot deeper than a FICO score. Length of time as a member usually leads of loosening of the purse strings but there's a lot at play. They look at your overall income and debt ratios, payment history, and other credit considerations. You can get that message today and tomorrow they may approve you for additional credit. Usually, though, if you get that message it's best to wait for awhile. Applying for a new card immediately would more than likely lead to a denial and wasted hard pull. Give them a little time. Don't look impatient and eventually the doors will open.
Just curious, though, but how many other new accounts and inquiries do you have in the past six months to a year? They are more sensitive to credit-seeking than may be apparent. I would garden for at least 3-6 months before trying them for a new card.
