Navy Federal Thread for CLI and Additional Cards

[Anonymous]

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@1GaDawg85 wrote:

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@chela62678 wrote:

How can you apply if you or your family are not military?

Is it a no go? 

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that is correct....they can be retired military as well

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Or household member

[cem13]

@Credit Addict

I am not sure I received your opinion on my previous question.  You have suggested to ask for an increase over $25k with HP and pay stubs with a single card as opposed to apply for a 2nd card.  My question is why this better than the 2nd card?

Both require a HP 2) Max credit is $50K.  either a single CC ($80K for Flagship) or 2 CC with $25K each. with SPs up to $25K again.

I dont see why one is better than the other.  What am I missing?

[Creditaddict]

That's a preference not sure I favor one or the other more, just seems lately navy has been a little stricter on getting 2nd cards but if you can make use of 2nd card than go that route by all means

[Anonymous]

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@Anonymous wrote:

Hello all.  I wanted to add to this topic with my experience.  I opened a new membership with NFCU on 2/13/15.  I then applied for a cashRewards on 2/17 and NavChek on 2/18.  I got the famous further review was needed so I thought for sure I was going to be denied.  I got a message 24 later stating they needed me to provide 2 pay stubs and a recent non-NFCU bank statement.  I went ahead and submitted the docs.  Found out today I was approved for $5k LOC and $14K on the cashRewards card.  I didn't think to apply for the full $15k on the LOC since I didn't want to seem greedy.  LOL

I sent a secure message asking if they can bump it from the $5k to the full $15k. Now the waiting game again.  They HP my TU which is sitting at 688.

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UPDATE:  So I was told the limit could not be changed from what they have already approved.  So I could either apply for a new loan for the full amount or accept the $5k and then apply for a CLI once the LOC was active.  So I signed the promissary note, sent it in, LOC activated.  I then asked this morning for a CLI for the maximum.  They came back within minutes and countered $14,500.   Really!  Just give the extra $500 and call it good.  LOL.  I took the $14,500.    So I'm sitting at $28,500 with my cashRewards and LOC; and this with being a brand new member.  I'm loving NFCU already!

[Creditaddict]

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@Anonymous wrote:

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@Anonymous wrote:

Hello all.  I wanted to add to this topic with my experience.  I opened a new membership with NFCU on 2/13/15.  I then applied for a cashRewards on 2/17 and NavChek on 2/18.  I got the famous further review was needed so I thought for sure I was going to be denied.  I got a message 24 later stating they needed me to provide 2 pay stubs and a recent non-NFCU bank statement.  I went ahead and submitted the docs.  Found out today I was approved for $5k LOC and $14K on the cashRewards card.  I didn't think to apply for the full $15k on the LOC since I didn't want to seem greedy.  LOL

I sent a secure message asking if they can bump it from the $5k to the full $15k. Now the waiting game again.  They HP my TU which is sitting at 688.

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UPDATE:  So I was told the limit could not be changed from what they have already approved.  So I could either apply for a new loan for the full amount or accept the $5k and then apply for a CLI once the LOC was active.  So I signed the promissary note, sent it in, LOC activated.  I then asked this morning for a CLI for the maximum.  They came back within minutes and countered $14,500.   Really!  Just give the extra $500 and call it good.  LOL.  I took the $14,500.    So I'm sitting at $28,500 with my cashRewards and LOC; and this with being a brand new member.  I'm loving NFCU already!

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I'm with you... REALLY $500! LOL but that's great... congrats!

[Anonymous]

Well CreditAddict I dont know if NFCU should love you or hate you. You have sent much business their way.

I have been a member 7 going on 8 years at NFCU and they were pretty much my secondary bank. I had a CC and a used car loan and small navcheck with them. It was not till Myfico that I now use them exclusively. They own my butt now. I have every product i can get except a mortgage. Thats next.

[NYFan63]

@CA - I have been reading this thread and was wondering what I should do with my NFCU CC's.  Currently have the Cash rewards @ $22k($3k to be paid off before 3/31) and the Flagship @ $5k ($0 balance):

1.  After AR ar EOM, should I request a CLI of $25k on my Flagship OR,

2.  Request $50k on Cash rewards to see what they counter?

My income this year will be $200k+

TIA for your guidance.

[Creditaddict]

If you are hoping to avoid the hard Paul then I would request the 25K credit line increase on flagship if you are not worried about a hard Pull I would request 80 K on flagship and 50 K cash rewards at same time and send in 2 pay stubs!

[NYFan63]

Thanks CA - after the AR at the end of the month correct?

[Creditaddict]

Yes