Navy Federal Thread for CLI and Additional Cards

[kerplunk]

I inquired about Navy Federal's new credit limit increase policies and received a very cordial, professional response. Here is a snippet from the response.

"In response to the current pandemic’s impact on the U.S. economy, Navy Federal has scaled back the amount of credit extended to credit card applicants.  As economic conditions improve, we may adjust our policies accordingly."

In summary, don't feel slighted if your approvals or CLIs are less than you expected based on historical data.

[M_Smart007]

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@kerplunk wrote:

I inquired about Navy Federal's new credit limit increase policies and received a very cordial, professional response. Here is a snippet from the response.

"In response to the current pandemic’s impact on the U.S. economy, Navy Federal has scaled back the amount of credit extended to credit card applicants.  As economic conditions improve, we may adjust our policies accordingly."

In summary, don't feel slighted if your approvals or CLIs are less than you expected based on historical data.

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@kerplunk, Thank you for the info

[M_Smart007]

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@Anonymous wrote:

Hey guys. First time posting, but you guys have helped me tremendously!

I've been with NFCU for about a year and a half and have had the CashRewards for about the same time. It was approved with a $600 SL and they wouldn't budge. I was denied for a CLI at the 91/3 mark. 

Kind of gave up on Navy for awhile, and didn't really use the card, and it's been PIF.

I finally decided to apply for the Go Rewards. Got the "under review" message, which isn't a surprise with my extended fraud alert. Got that taken care of and they said they'd be in touch. The next day, I got a request for POI. They wanted two years of tax returns. Not really sure why, because I'm not self employed but I did it anyway. 

That was last, Friday and I didn't hear anything back until yesterday. BUT, it was a, "you're approved" text! 

No other info. Well, I just logged into my app this morning and find I'm approved for $20k!!!!!! Super stoked. Highest limit by a long shot. Thanks for all of your help! They pulled TU which was 730 (FICO 8) at the time. 

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Hi @Anonymous , Welcome to the forums!

Congratulations on your Navy $20K Go Rewards Approval!  

[Anonymous]

Based on that perhaps I should hold off on those popular $25K Flagship approvals? lol

And I was just thinking of adding another NFCU product in hope of a monster SL because my current one is growing rather slowly. not that i really need another, but it would allow me to close two other cards with half that limit.

[Anonymous]

Thank you @kerplunk!!

[Anonymous]

I got my first credit cards in December 2019, GoRewards $2500 limit and $200 secured nrewards. I hit my 6 months last month in June and applied for the MoreRewards and was denied for "reaching maximum unsecured credit limit" with them. So I went ahead and did a CLI on GoRewards, they cli'd it to $3500, then I tried again and they went to $4,000, and said that i've reached their max unsecured limit so they couldn't go further. A month later (this month, july) my nrewards secured graduated to CashRewards with a $2k limit.

When will I be able to try another CLI on my gorewards? 91/3(in Sept) or do I have to wait 180 days? Also how about my cashrewards, does the 91/3 apply to that(around Oct)? I don't want to apply for a 3rd card with them yet since I want my 5th card to be with chase(already at 4/24).

Thanks in advance! 

[800wannabe420]

You will need to wait 6 months from the date of your CLI for both cards. 

[ntx]

Another followup to my 2nd NFCU card post here and a few more data points to share:

Even though I was approved I received my info letter from NFCU with my internal score - it was 331 ( range 100-450 ) as of 7/15/20 - one week before I applied. It listed key factors that adversely affected my NFCU credit score as:

1) Average credit limit of open credit cards reported last 12 months

2) No open and satisfactory accounts 24 months or older reported

3) No real estate accounts reported

4) Recency of maximum aggregate bankcard balance in last 12 months

[Mv350]

So I apped again today after finally get pre-qualified on the Navyfed website. I've been wanting a 2nd platiunum for the BT offer. But was only given the 1k limit again. 

A couple questions. 

How long should I wait before asking to combine cards into one larger limit platinum? Therefore actually giving me the ability to do a BT after they send the offers at the beginning of the year.

Is it possible to just move over parts of a limit?

[CreditInspired]

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@Mv350 wrote:

So I apped again today after finally get pre-qualified on the Navyfed website. I've been wanting a 2nd platiunum for the BT offer. But was only given the 1k limit again. 

A couple questions. 

How long should I wait before asking to combine cards into one larger limit platinum? Therefore actually giving me the ability to do a BT after they send the offers at the beginning of the year.

Is it possible to just move over parts of a limit?

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Send NFCU a SM explaining what your goal is (to do a BT) and ask for  reconsideration for a larger SL. Also, schmooze them by telling them how much you love NFCU products and you enjoy doing business with them. GL2