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@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I’ve been thinking about going for my second Navy. Ut is about 32% overall, but most of the it’s on my $24k cashRewards Card which is at 90%. All other cards on zero. Been in the garden for 2 years now. FICOs all in the 700s.
Should I?That would depend on your DTI more than anything, not just Util. If you are making larger payments on the 90% card then they can see you are paying it off quickly.
I would wait till you get that down some as others mentioned, congrats on the 700 fico's, but navy goes by DTI more than score. They want to see your ability to repay more than a score number.
Looking forward to hear your success when you do decide to try
I just read this. I couldn't go for the CLI. I feared a denial. BUT! I did go for a new App instead. My 24 month gardening has been broken. Forgiveness is asked from the gardeners. I'm unworthy.
But here is my latest approval!
And you were only 42 days away from Ruby too 😭. Well, $20K can definitely make those tears dry up and obviously being in the garden a year worked to your benefit.
Congratulations to you.
@Anonymous
Congrats. Another good DP that navy will approve with a high utilization.
Navy is feeling VERY generous right now with their More Rewards Amex card, based on the SLs a lot of us are getting this week (thank you, holiday season!). I don't do much travelling, so the Flagship isn't a top priority for me at the moment. I will get a lot of benefit from the 3x More Rewards categories, though. Apply where you feel you will get the most benefit.
@Anonymous Congrats. That is a monster SL. Just build history with that and a large CLI with your other card paid down should be a cake walk
Okay, so I spent a bit of my afternoon reading the entirety of my More Rewards Amex booklet(s) and had a question, so I decided to phone up NFCU. As usual, super polite customer service; but they were unable to give me a definitive answer because they are unable to view the Merchant ID codes.
Under 3x points for Transit, which includes "taxis" per the booklet, does that include rideshare programs such as Lyft/Uber?
@Anonymous wrote:Okay, so I spent a bit of my afternoon reading the entirety of my More Rewards Amex booklet(s) and had a question, so I decided to phone up NFCU. As usual, super polite customer service; but they were unable to give me a definitive answer because they are unable to view the Merchant ID codes.
Under 3x points for Transit, which includes "taxis" per the booklet, does that include rideshare programs such as Lyft/Uber?
Yes it does. Those are definitely transit.
@AllZero wrote:
@Anonymous wrote:But here is my latest approval!
Congratulations on your approval! Navy never ceases to amaze us. I believe there was another member that was approved and had a Navy card with individual utilization around 80% or higher.
That might have been me. Three months ago I got my cashRewards card (1K limit) with approx 80% utilization. (Or something like that. Whatever it was, it was very high.) I was just approved for 17K for the More Rewards AMEX with about 68% utilization. My DTI is pretty decent and I paid in full and often on the first card these past few months.
@Anonymous wrote:
@AllZero wrote:Congratulations on your approval! Navy never ceases to amaze us. I believe there was another member that was approved and had a Navy card with individual utilization around 80% or higher.
That might have been me. Three months ago I got my cashRewards card (1K limit) with approx 80% utilization. (Or something like that. Whatever it was, it was very high.) I was just approved for 17K for the More Rewards AMEX with about 68% utilization. My DTI is pretty decent and I paid in full and often on the first card these past few months.
Thank you for the update.
It just shows how hard Navy is to figure out. It appears they don't mind high utilization on one of their cards. As mentioned in this thread, income, DTI, their own internal score, length of membership, etc. are one of the many factors in approval decisions not just FICO scores alone.
If it was some other lender, it would probably be insta-denial. With Navy, here's a 5 figure credit line and low APR to boot.