Navy Federal Thread for CLI and Additional Cards

[Anonymous]

I don’t hesitate to throw away an inquiry. My feeling is that if a card has use for you beyond utilization padding, it’s worth the inquiry. 

I have 8 on EX, 7 on EQ, and 9 on TU. Doesn’t bother me in the least. 

[Anonymous]

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@Anonymous wrote:

I don’t hesitate to throw away an inquiry. My feeling is that if a card has use for you beyond utilization padding, it’s worth the inquiry. 

I have 8 on EX, 7 on EQ, and 9 on TU. Doesn’t bother me in the least. 

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+1 to that.    at one point i was in the triple digits (combined).   And i know YMMV, every profile is different, i have seen plenty of members on here with what some call HIGH inq's but clean profile otherwise and still get approved. Some with high SL and good APR.  

[Anonymous]

I’m starting to see inquiries are on the low scale when it comes to your credit. Only drops your credit by a very small amount. But man that one point could be from 799 to 800. I need all my points 🤣

[Dminicandreem]

I’m new to the forums and in the process of rebuilding my credit . I have A great person working with me and coupled with the advice , testimonials, and encouragement I have seen this community offer, I feel like I can do Anything lol .

My question is I have reaches my 91/3 mark. I have A go rewards but only got a 700.00 starting limit. I have used extensively and always pay in full before due date. My scores range from 630 Tu , 620 Equifax and 600 Experian ... my Tu 9 is 663 🤷🏽‍♂️ .
Navy Fed has been great to me so far . They even preapproved me for 25,000 to get my new car.
My questions are : Do you think I should apply for a second card now or wait longer ?
If I apply for the second card now , Should I pay my Current balance down before I apply for A second card or that won’t have much say in the deciding factor ?

Thank you for your help

[Anonymous]

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@Anonymous wrote:
I’m starting to see inquiries are on the low scale when it comes to your credit. Only drops your credit by a very small amount. But man that one point could be from 799 to 800. I need all my points 🤣

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If you stress about HPs, NFCU isn’t the lender for you. Seriously I’ve got 5 since September and I’m going to be taking a 6th for either a CLI or a third card soon. 

[Anonymous]

Not stressing. If I want to push the issue of higher limits then I have to take the HP. I get it. I was just messing around. In that case I guess i will go for the 91/3. Least all the inquiries are from navy.

[Anonymous]

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@Dminicandreem wrote:
I’m new to the forums and in the process of rebuilding my credit . I have A great person working with me and coupled with the advice , testimonials, and encouragement I have seen this community offer, I feel like I can do Anything lol .

My question is I have reaches my 91/3 mark. I have A go rewards but only got a 700.00 starting limit. I have used extensively and always pay in full before due date. My scores range from 630 Tu , 620 Equifax and 600 Experian ... my Tu 9 is 663 🤷🏽‍♂️ .
Navy Fed has been great to me so far . They even preapproved me for 25,000 to get my new car.
My questions are : Do you think I should apply for a second card now or wait longer ?
If I apply for the second card now , Should I pay my Current balance down before I apply for A second card or that won’t have much say in the deciding factor ?

Thank you for your help

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Pay your card off first. I would lean more towards a second card being denied if your TU 9 wasn’t over 650 but given that stat, assuming your DTI is low, you probably have a 50/50 shot right now. If you can handle the possibly of a denial, go for it. If you can’t, I would wait until 181 days when they have had a chance to really get to know you and hopefully your scores have gone up some more. 

[Anonymous]

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@Anonymous wrote:
Not stressing. If I want to push the issue of higher limits then I have to take the HP. I get it. I was just messing around. In that case I guess i will go for the 91/3. Least all the inquiries are from navy.

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We joke around here that NFCU would pull our credit reports just for chatting about them but with how generous they are, it’s not really a big deal.

[Dminicandreem]

Thank you so much for the feed back . I will Hold off and wait . I do have low DTI and my income is 115k . Just made some bad decisions in my 20’s . We live . We learn . Thank you so much for taking time to respond .

[Anonymous]

And your absolutely right. To have potentially 80k in credit cards, that’s more than worth it. Even 25k is worth it. I would of never been approved of the almost 10k I got now. So NFCu is the **bleep** and I’m extremely thankful for them lol