Navy Federal Thread for CLI and Additional Cards

[M_Smart007]

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@Anonymous wrote:

Nfcu gave me a $500 increase on my Amex from 10k to 10.5k. I also have platinum at 15k for 6 months - if I pay both off do you think I can get platinum to $25k? My income is $100k - I don't want to apply for any new credit for next 12 months

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I agree .. asking on the Platinum, ask $25K,... you'll probably get $8K ..that is what I had got.

[Anonymous]

Ok thanks for your help 

[Anonymous]

Data for anyone interested. 

Also curious if anyone has any inight.

Prequel tool said i was prequalified for several cards ( I know it doesnt mean for sure)

Was given a CLI of 4k about a month or so ago

And for 2nd card and was declined. I have a chap 7 dc dec 2018 and no layes since. FICO 8 is 735 and income is 80k. 

Hubby had the same prequels, apped and was also denied. His score is a bit lower, at about 695 (not really sure why) but he was denied as well.

No lates since before chap7 or new account for over a year. 

Current cards with navy sit at 6k  and we've had them almost a year and a halfeach and we both were trying for a 2nd card. 🤷‍♀️

Called to ask for internal score and was told they dont give that number out and I couldnt speak to anyone in credit cards to try to recon

[Anonymous]

The nfcu prequal tool is not a for sure deal. I would let the bk age a bit more and the card that was declined- nfcu will Mail declination letter with internal score. But time is on your side. I'd wait 3-6 more months before applying again. Good luck. 

[Anonymous]

It seems as if Navy may be clamping down on second cards right now, I've seen a few what would normally seem like slam dunk approvals getting denied, just my observation

[AverageJoesCredit]

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@Anonymous wrote:

Nfcu gave me a $500 increase on my Amex from 10k to 10.5k. I also have platinum at 15k for 6 months - if I pay both off do you think I can get platinum to $25k? My income is $100k - I don't want to apply for any new credit for next 12 months

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Paying off ones card is great but it isnt needed to apply for an increase with Navy.  Regardless of when you ask i would always shoot for 25k so as not to leave anything on table. 

[M_Smart007]

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@AverageJoesCredit wrote:

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@Anonymous wrote:

Nfcu gave me a $500 increase on my Amex from 10k to 10.5k. I also have platinum at 15k for 6 months - if I pay both off do you think I can get platinum to $25k? My income is $100k - I don't want to apply for any new credit for next 12 months

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Paying off ones card is great but it isnt needed to apply for an increase with Navy.  Regardless of when you ask i would always shoot for 25k so as not to leave anything on table. 

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+1

[Anonymous]

I received a CLI from $1K to $5K earlier this month as I graduated their secured card program, which turned my secured card into an Unsecured AMEX with a slightly higher APR (15% to 18%).
Yesterday, I applied for a 2nd card and was approved for a CashRewards card $5K CL at 15% APR.

The CSR provided to me that my minimum qualified score of at least 600 qualified me for their CCs. The only card I could not qualify for at this time is the Flagship, which required a score of around 690. The CSR did provide to me that I could convert my CashRewards card to a Flagship once my score had reach into the 700s

[FesteringTTT]

I was able to get a checking and savings account with NFCU yesterday. I immediately did the credit card prequalification and was prequalified for all cards. Applied for the cash rewards and flagship, both denied with a message to apply for the secured instead. My TU is 658 according to Discover. I just paid off a couple collections that disappeared from my other two reports but not from the TU. I have a fairly high income (400k) and low utilization (usually less than 10%) on my cards.

Should I apply for the secured or wait for the collections to drop off the TU and apply for one of the non secured again?

If I get the secured, how long before I can apply for a nonsecured?

Does the amount you have in your NFCU accounts impact your approval chances?

How long do I have to wait to apply again for a nonsecured after the denial yesterday?

Finally, what is CLOC?

I've really enjoyed this thread and all the helpful info. Thank you guys.

[CreditInspired]

A CLOC is a checking line of credit.

If I were you, I would wait for the letter detailing why you were denied. 

In the meantime, what other CCs are in your wallet, what are your 3 FICO scores, how many inquiries in the last 3/6/12 months, and what is your average age of accounts.