Navy Federal Denial ....

[Wqadir1988]

Hi, applied for membership thru my dad who is also a member with just checking and savings which he does not use as main bank, after membership in may i applied for platinum card in early july and got  instant denial.
my TU score is 793, no lates clean report

4 credit cards and 3 AU accounts 

aaoa is 17 years. 
utilization is 1%
income 88k

the wording in denial letter is i dont understand what message nevy is giving me...

---Balance status of navy fed accounts ( i only have savings with $135 in it.)

---Insufficient variety of secured loan accounts

---Length of navy federal membership ( i have read ppl getting approved same day as membership so that rule must be for me )

---Direct deposit status with navy federal ( i dint have DD with navy )

--- utilization of bankcard credit line in last 12 months. ( i always keep utilization between 1 and 10 percent )

So i am like confused with their denial reasoning and confused if i should wait a month or so and apply again. 
thank you so much for insight. 

[SweetCreditObsession]

I'm sorry for the denial. You may want to check out one of the Navy threads for insights. 

[Wqadir1988]

I did go thru that thread but did not see similar situation as me. 

[SweetCreditObsession]

That is surprising and disappointing. Did you try reaching out to Navy for a recon? If not I'd encourage you to try and let them know you're trying to build a relationship with them. Maybe there is a different card you would qualify for on the same hard pull. All they can do is say no best wishes!

[gingerflower]

@Wqadir1988  I agree with @SweetCreditObsession  I would do a Recon and ask to apply for a different Cc. Good luck if you do decide to Recon!

[Anonymous]

How are any loan balances compared to income? DTI is a big factor with Navy - if you have an elevated DTI due to mortgage and/or car loan, that plus your cards may have you close enough to their threshold that they're hesitant to lend.

[Wqadir1988]

No car loan no mortgage. Just 1 card has $151 balance out of 2k limit. 
my father says my uncle (his brother who became member on his own for his service ) had trouble keeping up with his navy cards last year due to covid and he is still behind on payments maybe , dont know the current situation. 
can navy punish relative members for this? 
perhaps they just dont wanna say it in letter, hence these strange reasons for denial. 

[Anonymous]

Sometimes the banks just get it wrong as in your case.

Don't let it get to you. It happens to all of us from time to time

Thanks

Mark

[Red1Blue]

Sorry to hear about the denial. Hang in there and give some time and I am sure they will come along and approve you.

[DONZI]

---

---Balance status of navy fed accounts ( i only have savings with $135 in it.)

---Insufficient variety of secured loan accounts

---Length of navy federal membership ( i have read ppl getting approved same day as membership so that rule must be for me )

---Direct deposit status with navy federal ( i dint have DD with navy )

--- utilization of bankcard credit line in last 12 months. ( i always keep utilization between 1 and 10 percent )

 Those reasons seem similar to generic 'what can affect your score' lists to me.. However there have been an assortment of recent app/approval/denial/CLI experiences that indicate some shift in NFCU underwriting and some of the reasons do seem like they could be profile specific.

Did you become a member and apply for the card in early July/same day? Perhaps that is now YMMV?

I can't imagine there would be any bleed over from an uncle's (or any other family member) account... Unless maybe if you're an AU of your uncle?  ..but I know very little of the effect between an AU and original card holder.

Is your 4 personal cards significant to your 17 year AAoA or is that solely provided by the 3 AU accounts?

Like others have suggested, calling and asking for help understanding the problem is the best next step.