cancel
Showing results for 
Search instead for 
Did you mean: 

Navy Federal Thread for CLI and Additional Cards

Estimate your FICO® Score range for free

FICO® Score Estimator

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Member

Re: Navy Federal Thread for CLI and Additional Cards

So I was turned down for both.  It isn't altogether surprising considering the high UTL on the cash rewards.  I sent in a secured message asking for a reconsideration.  I got a text message saying that they were reveiwing my application.  Hoping they change their mind, but certainly not counting on it.  In a couple months I will have it paid down, and I can try again.

Message 10061 of 10,181
Established Member

Re: Navy Federal Thread for CLI and Additional Cards

I pulled the trigger and was instantly approved for a More Rewards American Express with a SL of $7500 . I was also approved for a CLI of $1400 on my rewards card ( new limit is $2100 ) . Super happy with both. NFCU ROCKS !!!!
Message 10062 of 10,181
Highlighted
Member

Re: Navy Federal Thread for CLI and Additional Cards

How does that recon work? And is it worth it after you have been declined a CLI, CLOC, etc. If I get anymore HP's, I want them now, this month.

 

But before you answer, I have a very good payment history, although only a couple years old. No credit since a few charge offs in 2013. Never applied until a couple years ago, about 2017.

 

Have, unsecured at about $22K with a util well under 3%, Vantage score has me at 746 average and Fico has me at about 646 average, NFCU has Fico 9 at 661. All still show high util rate, but it has been a month or two and all but one is paid off, AmEx - daughter used it for car repairs.

 

Is it really worth it to phone con and ask for a reconsideration?

 

BTW, my DTI may hurt, I am on SSD and make nothing, about $14,750 and self employed about $8400, both are basically, gross $ net. Not enough to pay taxes.

 

I am going into the garden, but want to do what I can to finish out this month.

Message 10063 of 10,181
Contributor

Re: Navy Federal Thread for CLI and Additional Cards

Just as an update, I appd for the nfcu Amex and got 20k. Now I’m going to hold off on asking for clis on my 5.5k CR and 10k flag so as to not seem overly greedy - Altho from what I’ve read navy doesn’t seem to mind going after more more more.
Current FICO 8s:
EQ: 650 - TU: 661 - EX: 642
Starting Score: 617
Current Middle Score: 650
Goal Score: 800


Message 10064 of 10,181
Super Contributor

Re: Navy Federal Thread for CLI and Additional Cards


@Lolas_dad wrote:

How does that recon work? And is it worth it after you have been declined a CLI, CLOC, etc. If I get anymore HP's, I want them now, this month.

 

But before you answer, I have a very good payment history, although only a couple years old. No credit since a few charge offs in 2013. Never applied until a couple years ago, about 2017.

 

Have, unsecured at about $22K with a util well under 3%, Vantage score has me at 746 average and Fico has me at about 646 average, NFCU has Fico 9 at 661. All still show high util rate, but it has been a month or two and all but one is paid off, AmEx - daughter used it for car repairs.

 

Is it really worth it to phone con and ask for a reconsideration?

 

BTW, my DTI may hurt, I am on SSD and make nothing, about $14,750 and self employed about $8400, both are basically, gross $ net. Not enough to pay taxes.

 

I am going into the garden, but want to do what I can to finish out this month.


Up to you, but it's a good chance they'll do another HP. I've never had a successful recon but some have. If you don't care about the HP, it doesn't hurt to ask for reconsideration. 






Message 10065 of 10,181
Super Contributor

Re: Navy Federal Thread for CLI and Additional Cards


@IodineNightSky wrote:
Just as an update, I appd for the nfcu Amex and got 20k. Now I’m going to hold off on asking for clis on my 5.5k CR and 10k flag so as to not seem overly greedy - Altho from what I’ve read navy doesn’t seem to mind going after more more more.

Congratulations! That's a nice SL. 👍👍






Message 10066 of 10,181
Valued Member

Re: Navy Federal Thread for CLI and Additional Cards

Back again,
Started navy in January GoRewards $500.00, 91/3 approved for Platinum @ 8.24 $25,000.00 today 91/3 approved for Flagship @ 15.74 $20,000.00
Also used auto loan for my daughters car her other car got totaled, she was not in it!
Income 70s
Scores all around 680s and 690s
Applied for 6 accounts altogether in the last 10 months, time to rest.
5 inquiries on TU which they pulled
Instant approval
Just have to say thanks for everyone here! Without you all I would never had joined so would not have had this great journey!
Message 10067 of 10,181
Member

Re: Navy Federal Thread for CLI and Additional Cards

I just sent them a secured message. I think that is how most people do it. Some people have success with it, so I tried. I got the message at midnight that they were upholding the original decision, which is a bummer, but again, not totally surprising. Oh well.
Message 10068 of 10,181
Established Member

Re: Navy Federal Thread for CLI and Additional Cards

Hi, everyone.  I certainly don't want to appear ungrateful -- having just pulled off an unexpected one-hard-pull-only "Triple Play" earlier this week -- but I do have an underwriting question that perhaps some of the NFCU experts here can answer.  Specifically, what is the logic behind, in my case, denying a request to increase the credit limit on my first card from $2,500 to $10,000 (counter-offered with $5,000, which was accepted without recon), only to approve me, literally moments later, for a second card with a whopping $25,000 SL?  In order to preserve my Average Age of Accounts, my strategy was simply to get my first card's (cashRewards) limit above the $5,000 threshold and then convert that to the Flagship card.  But had I not pored over this thread for months, NFCU's decision to give me only 1/3 of the amount I requested would've disheartened me and made me think that perhaps I was asking for too much too soon -- or that I'd hit my "internal limit" with them.  So instead of taking their counteroffer as a rejection, I decided to throw caution to the wind and just apply for the Flagship, which I was thankfully granted.  But why?  I mean, if I don't deserve an additional $7,500 on a card that they have 13 month's of history on, why would the underwriters turn around and give me $25,000 on a second card?  Not that I'm angry, mind you . . . . Smiley Tongue

 

I'm curious, does NFCU allow you to reallocate part of one credit card's limit to another card?



       

Message 10069 of 10,181
Community Leader
Senior Contributor

Re: Navy Federal Thread for CLI and Additional Cards


@ZenMan wrote:

Hi, everyone.  I certainly don't want to appear ungrateful -- having just pulled off an unexpected one-hard-pull-only "Triple Play" earlier this week -- but I do have an underwriting question that perhaps some of the NFCU experts here can answer.  Specifically, what is the logic behind, in my case, denying a request to increase the credit limit on my first card from $2,500 to $10,000 (counter-offered with $5,000, which was accepted without recon), only to approve me, literally moments later, for a second card with a whopping $25,000 SL?  In order to preserve my Average Age of Accounts, my strategy was simply to get my first card's (cashRewards) limit above the $5,000 threshold and then convert that to the Flagship card.  But had I not pored over this thread for months, NFCU's decision to give me only 1/3 of the amount I requested would've disheartened me and made me think that perhaps I was asking for too much too soon -- or that I'd hit my "internal limit" with them.  So instead of taking their counteroffer as a rejection, I decided to throw caution to the wind and just apply for the Flagship, which I was thankfully granted.  But why?  I mean, if I don't deserve an additional $7,500 on a card that they have 13 month's of history on, why would the underwriters turn around and give me $25,000 on a second card?  Not that I'm angry, mind you . . . . Smiley Tongue

 

I'm curious, does NFCU allow you to reallocate part of one credit card's limit to another card?


Yes, but I'm not sure how soon after you get the card that it can be done.

GOALS: Garden til APR 2020 and 800 Club

GIRL WILLPOWER ("No Thanks" to Apple $7.5K, 12.99% Approval)



Scores
JUN 2019: EX 788, TU 794, EQ 779
DEC 2018: EX 777, TU 783, EQ 799

|| AmX Cash Magnet $25K || NFCU CashRewards $20K || Macy's $20K || Discover IT $18.7K || NFCU CLOC $15K || NFCU Platinum $12.5K || AmX ED $11.5K || CitiCostco $7K || CitiDC $6.3K ||
Message 10070 of 10,181
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.