Navy Federal Thread for CLI and Additional Cards

[Anonymous]

I apologize. My statement cuts on the 4th. Since my FICO updates on the 4th, I assumed the two were related. But reading your post, I now realize that everyone’s FICO updates on the 4th regardless of when their statement cuts. Thanks for clearing that up.

[Anonymous]

Well this is confusing... I have two NFCU Cash Cards. 1 with a limit of $15K, 1 with a limit of $4.8K . I applied for a CLI on both cards last week. It had been about 6 months since my last request. Both went to Review. I got 2 letters in the mail saying i had reached the Max allowed limit for the unsecured cards per guidelines. Ok I figured I had reached the $20-25K top end with the cards.. Then today I get a alert from myFICO one of my cards had an updated limit. I looked at the alert and says my $4.8K card was now $5.8K. I went to the account and sure enough even after letters stating I was maxed out they gave me another $1K on my lower card..

[FicoGuy2019]

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@Anonymous wrote:

Well this is confusing... I have two NFCU Cash Cards. 1 with a limit of $15K, 1 with a limit of $4.8K . I applied for a CLI on both cards last week. It had been about 6 months since my last request. Both went to Review. I got 2 letters in the mail saying i had reached the Max allowed limit for the unsecured cards per guidelines. Ok I figured I had reached the $20-25K top end with the cards.. Then today I get a alert from myFICO one of my cards had an updated limit. I looked at the alert and says my $4.8K card was now $5.8K. I went to the account and sure enough even after letters stating I was maxed out they gave me another $1K on my lower card..

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Maxed out due to your income level or something else?  

[Anonymous]

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@FicoGuy2019 wrote:

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@Anonymous wrote:

Well this is confusing... I have two NFCU Cash Cards. 1 with a limit of $15K, 1 with a limit of $4.8K . I applied for a CLI on both cards last week. It had been about 6 months since my last request. Both went to Review. I got 2 letters in the mail saying i had reached the Max allowed limit for the unsecured cards per guidelines. Ok I figured I had reached the $20-25K top end with the cards.. Then today I get a alert from myFICO one of my cards had an updated limit. I looked at the alert and says my $4.8K card was now $5.8K. I went to the account and sure enough even after letters stating I was maxed out they gave me another $1K on my lower card..

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Maxed out due to your income level or something else?  

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I belive if I recall, NFCU has a limit to how much credit line you can have with cards? It said nothing about my income just I had reached the limit allowed per guidelines for my credit accounts.

[Anonymous]

NFCU can be comfortable extending a surprising amount of credit relative to your income, it seems like most max internal limit denials are temporary and your limit can go up over time as your factors with them improve your internal score. That’s likely what happened. 

[Anonymous]

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@Anonymous wrote:

NFCU can be comfortable extending a surprising amount of credit relative to your income, it seems like most max internal limit denials are temporary and your limit can go up over time as your factors with them improve your internal score. That’s likely what happened. 

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+1 @Anonymous     Max limit letters are just a nice way of saying we need more history with you. Now if you have a 15k income and 60k credit with Navy, they might think about that a bit but most times it's just a lack of history with Navy.  I was given that reason for a CLI on the 2 cards i had at the time, a few weeks later, i was approved a 3rd 15k card and a 14k CLOC same day.  Few months after that, they doubled the 2 original cards i had.  Just have to built your history with them, and they will open up more.

@dlvon  There is no limits to how much Navy will give you, only on the cards themselves.  Flagship is 80k and the others are 50k   Now PF on the other hand will only let you have a total of 50k regardless of how many cards it is spread out amongst. 

[Anonymous]

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@Anonymous wrote:
I agree. You should give it a day or two. Also, I would wait until your FICO score is updated in their system (they do it once a month on the same date as your statement cuts, usually). If you do that, there’s a chance that a CLI request might only be a SP instead of an HP.

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Navy does an SP at the end of the even numbered month and gives you a score update usually around the 4-7 of the odd numbered months.  There have been some rare cases where scores got pulled on each month, but as a general rule it is on the beginning of the odd numbered month that you will see a score update from them. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
I agree. You should give it a day or two. Also, I would wait until your FICO score is updated in their system (they do it once a month on the same date as your statement cuts, usually). If you do that, there’s a chance that a CLI request might only be a SP instead of an HP.

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Navy does an SP at the end of the even numbered month and gives you a score update usually around the 4-7 of the odd numbered months.  There have been some rare cases where scores got pulled on each month, but as a general rule it is on the beginning of the odd numbered month that you will see a score update from them. 

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I've been getting scores every month since my first in November. The score is pulled between 3rd and 6th of the month.

[Anonymous]

They have indeed been doing SPs monthly for awhile now. 

They don’t release the score until early in the month but they actually do the AR around the end of the month. 

I have one September 25th, October 23rd, and November 27th on my EQ report I pulled in January. December is missing though and my report was pulled in mid January so it’s not there for January either. 

[Anonymous]

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@Anonymous wrote:

They have indeed been doing SPs monthly for awhile now. 

They don’t release the score until early in the month but they actually do the AR around the end of the month. 

I have one September 25th, October 23rd, and November 27th on my EQ report I pulled in January. December is missing though and my report was pulled in mid January so it’s not there for January either. 

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When i first became a member it was bi monthly, but if they want to do monthly that works just as well.