My $5k secured card just graduated after 25 months. It was opened with $1k, increased a year later and just graduated. Score have gone from 408 - 591 FICO9. Statement just cut on the 18th, graduation happened on the 20th. Any idea about trying to product change or ask for a CLI? The strage thing is that I have been getting a Flagship in my offers but didn't want to try for that and be denied. Not sure why they put that in my offers @ 591 but do have perfect PIF history with them. Should I call? Ask for what? Say thank you?
Only change since soft pull = I have a newly reporting $0 balance Discover reporting as of today.
@spiritcraft1 wrote:@Anonymous $5k secured card just graduated after 25 months. It was opened with $1k, increased a year later and just graduated. Score have gone from 408 - 591 FICO9. Statement just cut on the 18th, graduation happened on the 20th. Any idea about trying to product change or ask for a CLI? The strage thing is that I have been getting a Flagship in my offers but didn't want to try for that and be denied. Not sure why they put that in my offers @ 591 but do have perfect PIF history with them. Should I call? Ask for what? Say thank you?
Only change since soft pull = I have a newly reporting $0 balance Discover reporting as of today.
Super Congrats on your Navy Fed $5k secured card going unsecured! 
Other myFICO members have reported great success employing the 91/3 strategy
and apping for the Flagship as their second card. So care and feed your new unsecured
card, and then count forward 91 days from Nov 20, 2018. If the Flagship offer still appears
in your Navy Fed login account, you might wanna pull the trigger. Some of the recent approvals
have been in the sweet 5-figures. Check out the link below for an example. And please feel free
to keep us posted on your progress. Enjoy Black Friday and the Thanksgiving weekend!
P.S. Navy Fed pulled TU FICO 8 for the approvals. If your TU FICO 8 is 630
or better, you should be in good shape. But as a word of caution, YMMV.
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/NAVY-91-3-Second-Card-Approval/td-p/5410262
Super Congrats on your Navy Fed $5k secured card going unsecured!
Other myFICO members have reported great success employing the 91/3 strategy
and apping for the Flagship as their second card. So care and feed your new unsecured
card, and then count forward 91 days from Nov 20, 2018. If the Flagship offer still appears
in your Navy Fed login account, you might wanna pull the trigger. Some of the recent approvals
have been in the sweet 5-figures. Check out the link below for an example. And please feel free
to keep us posted on your progress. Enjoy Black Friday and the Thanksgiving weekend!
P.S. Navy Fed pulled TU FICO 8 for the approvals. If your TU FICO 8 is 630
or better, you should be in good shape. But as a word of caution, YMMV.
https://ficoforums.myfico.com/t5/Credit-Card-Approvals/NAVY-91-3-Second-Card-Approval/td-p/5410262
Thank you for the well wishes. I have not seen the flagship offer since my card graduated so perhaps they pulled it back?
I understand the 91/3 concept but would that start at my unsecured date? Meaning is it worth it to try for a product change or perhaps a CLI now?
I will likely be at 630 or so in 3 months so waiting is fine as well. I have been very carefull to date with on 4 INQ's and 2 within the last year. I am taking the marathon pace to the extreme but will be 100% clean in 26 months and should add another card sooner rather than later.
@Anonymous wrote:
Hi everyone,
I’m coming up on my 91/3 in December and I’m wondering if I should really push my luck with Navy.
I’ve got 18k income (SSDI) and I’ve got
Capital One Plat opened 5/2014 (changed to QS) - $8250
Discover It opened 3/2018- $7500
SSFCU opened 3/2018 - $5000
NFCU cashRewards opened 9/2018 - $3000
Closed my PlayStation and Ollo cards in March and Amex BCE was approved for 1k in March as well but immediately canceled and Amex still reported it as if I had it for 2 months and canceled.
With an 18k income, I’m obviously not going to ask for 15k but since Discover has removed basically everything that makes them worthwhile, when my intro is up in June I’d like to make Navy my primary card so $7500 would be ideal.
1 $65 med collection, chapter 7 in 2010, repo in 2012 (paid 2014), 90 days on student loans (paid in full 2014)
TU 08 - 648 - 2 INQ
EQ 09 - 680 - 3 INQ
EX 08 - 670 - 1 INQ
1y6mo AAoA
2% util total, got hit with 10% single card this month because Navy cut at $297
I will get rid of the SSFCU card if I have to, I would just like my Navy to not put me over 10% on a $300 spend when I have a $700 or so spend every month.
Navy shocked me with an 11.4% APR, their lowest they offered at the time for that card (11.65% now) - my SSFCU is 18% (I capped the interest but they approved me), Cap is 25.24%, and Disco was 21.24 after 18 months when I signed up in March so it will probably be 22% when the Fed hikes again - so obviously NFCU views something about my profile favorably, I just don’t want to screw that up requesting too high of a CLI.
Thanks!
Shoot for the moon. I would ask for $15-25,000. they will counter offer. They will either approve or decline the CLI but they wont decline based on the amount you request.
If you can hold off until Jan, you can ask right after the AR and possibly not suffer a HP.
Good Luck!!
@Anonymous wrote:
Edit: I can’t figure out how to quote on mobile, sorry for the linear reply lol.
Thank you for the response.
I just didn’t want to end up having to explain to someone why I thought I could ask for so much with my income lol
So AR date is in January? I was curious when those were.
Honestly since my Disco and SSFCU hit 1 yr in March, I could even wait longer, I just was under the impression it’s better to go for CLI with Navy as soon as you’re eligible. I’m not hurting for credit right now and Disco has no interest til June and cash back match til March so it’s still my spend card until I go from 2% to 1%.
The general consensus is; If you ask for more than $25,000. they can ask for financial review.
Do be prepared to offer some explanation of the CL request, in case you need to recon with them.
Honestly, people have had better experience with CLI's at about 6 months but some do still get them at 91/3.
Check back here in Jan, for the AR, somebody will post it after it happens, in the first week I believe.
Also a lot of people have had great success with NFCU apping for a second card. My 2nd was after 5 months & I received a $25,000 SL.
With your income; IDK if they go that high but the rest of your DP's look good!!
CHEERS
Yeah I think with the fact I actually bottomed out the interest for the cashRewards card, I would be much better off growing it than applying for a new card. It seems pretty unlikely that I will get anything lower and I’m still to this day thinking someone typed the wrong interest rate when my app was being manually reviewed because it’s just mindblowingly low for not even 700s.
I think I’ll ask for 9k. Even if I end up leaving money on the table, I can’t ever justify asking for 15k with 18k income but the fact Discover gave me 7.5k and I have 8250 with Cap makes my request reasonable and I can’t see a time where I’m likely to need more than $3000 charged (keeping with max 30% uti) but would like to have that cushion - in reality, if I’m charging more than $1800 then I had an emergency.
I’ll keep my eye on this thread and see if other low income people are getting decent CLIs and such. I may just wait for 6 months though, there’s certainly no rush. At a minimum, I think waiting for the AR would probably be a good thing since they likely won’t have a counter and it will get kicked for manual review until the AR. Thanks again
I think I’ll ask for 9k. Even if I end up leaving money on the table, I can’t ever justify asking for 15k with 18k income but the fact Discover gave me 7.5k and I have 8250 with Cap makes my request reasonable and I can’t see a time where I’m likely to need more than $3000 charged (keeping with max 30% uti) but would like to have that cushion - in reality, if I’m charging more than $1800 then I had an emergency.
I’ll keep my eye on this thread and see if other low income people are getting decent CLIs and such. I may just wait for 6 months though, there’s certainly no rush. At a minimum, I think waiting for the AR would probably be a good thing since they likely won’t have a counter and it will get kicked for manual review until the AR. Thanks again